The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-23
CONDITION OF THE MARKETS,
Wheat Opened Strong, but Free Real
iziDg Checked Tendency to Advance.
Corn Advances Fraction and Closes Strong
Small Trade in Provisions, Prices Ruling
Shade Easier and Closing Dull.
MONEY, BONDS AND STOCKS.

Unusual Activity In Stocks, in Which Reading
Takes the Lead-Bonds Dull.
NEW YORK, Nov. O. Money on call active
M5020 per cent. closing at sac per cent
Prime mercantile paper 405 per cent
Sterling exchange duh but steady at 81 81 !
!or sixty-day bills and ST. S44 for demand.
The total sales of stocks to-day were GAO, 457
shares, including: Canada Southern, 8, 675; Chi
cago, ST. Louis & Pittsburg preferred 10, 1872;
Delaware, Lackawanna & Western, 6,600 Erie,
1850; Kansas & Texas, $3.50; Lake Shore,
6400 Louisville s. Nashville 6,400 Lake Erie &
Western, 1896 Memphis & Charleston. IL, Az
Northwestern, 1000; New Jersey Central, 40 $50;
Ohio & Mississippi. Is, 1870; Ontario & Western
1887; Reading 140, O20; ST. Paul, 1850; ST.
Paul & Omaha 4420 Texas e Pacific, So 100;
Union Pacific. IL $50; Western Union, IL 200
Oregon & Transcontinental, A, 49,
Government bonds were dull and strong.
State bonds were dull and steady
Stocks were more active and generally firm,
but the dividend-paying stocks were dull and
sluggish, while the specialties showed the same
unusual strength prevalent of late Richmond
& West Point. after a period of activity in the
morning. which was attended with considerable
xcitement became quiet until the last hour.
when it mace sharp advance. Reading was
the great feature of the day, upon enormous
trading A rumor was circulated that the Penn
sylvania railroad in terest the principal pur
chasers of the stock. Erie very active and
moderately strong, upon considerably buying by
foreign houses. The largest business of the
day, outside of Reading. was donein Texas Pa
ciic trust certificates, which was due, it is
stated, to large buying orders by
foreign syndicate Among the special-
ties the East Tennessee and Memphis
g Charleston stocks conspicuously strong
and active, upon rumors of proposed combina-
ton between several Southern roads, and
of stories of buying by influential parties.
Other low-prced stocks noticeable for activity
and strength were Ohio & Mississippi, Ontario
e Western. and Chicago, st Louis d Pittsburg.
The opening was irregular, but generally firm.
The changes from the prices on SATURDAYS final
dealings ranged from to j. The generally
active stocks were rather weak and feverish but
the strength in the specialized rallied the list,
and the noon figures were not materially differ
ent from those of the opening. There was
little change throughout the afternoon and the
closing figures show irregular changes of small
fractions generally Sales of GAO, 457 shares
Reading furnished 10000; Texas Pacific, So $780,
Erie Az ESQ., jersey Central 40, $50, and New
England 36O40 The principal changes were
gain Of Al in Memphis & Charleston. New Eng
land Ii. Ohio g. Mississippi and Norfolk 6 West
ern. preferred, each Is, Texas Pacific II, and
Jersey Central II. Consolidated Gas is down
81, and Philadelphia Gas 81
Railroad bonds were somewhat less active.
Sales, So 43s, oOO Atlantic & Pacific incomes,
1892 000 West Shore tours, 1929. 600; Erie
seconds. $1,000 Prices were generally s.rong
Ia the forenoon, but in many cases Gagged off
later. anal prices generally sho-,1ne irregular
changes of small fractions. minneapolis G. st.
Louis improvement sxeS gained q, at 95: New
Jersey Midland frst q. at lO7 Richmond &
Danville coSsols ?, at ll54. and Mobile q Ohio
first debentures 2, at u. The Wabash issues
were noticeably weak, and the Detroit SKIES are
down at 81, aud the seconds Il, at 100. Clos
fuG bids were: