The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-05
CONDITION OF THE MARKETS.
Wheat Rules Dull, and Prices Touch
Lower Figures than ON Wednesday.
Eight Trading in Corn at Lower Prices-LeSs
Activity in Provisions, with Tame Feel
ing and Unsettled Prices in Pork.
MONEY, BONDS AND STOCKS.

Anxiety to Realize Profits Causes Decline
in Nearly all Stocks.
NEW YORK, Nov. 4-Money on call was
active at 209 per cent, closing at asked.
Prime mercantile paper. 405 per cent.
Sterling exchange was dull but steady and
unchanged.
The total sales of stocks to-day were 31i, 726
shares, including the following: Canada South
ern IL, $50; Delaware, Lackawanna 6 Western.
8,I00; Erie 14600 Lake Shore 16,476; Louis
vile & Nashville, 1885, Memphis 8 Charles
ton, $500; New Jersey Central IA, 760; Pacific
Mail, $500; Reading, $4,000; St. Paul, $1,000;
Union Pacific. 1900; Western Union, Is, 765;
Oregon & Transcontinental, H., sos.
Government bonds we're dull and steady.
State bonds were quiet and firm,
The general tenor OF the news Received upon
the street to-day was favorable to higher prices
for stocks, and the general disposition of the
street is in that direction, The only adverse in
huenees were the decreases in net earnings
shown by the granger roads, and reports of labor
troubles in the West The general disposition
to realize profits notwithstanding the strong
undertone, saeRed prices off slowly throughout
the day. There were few advances, but they
occurred in special stocks only, and fluctuations
were confined among the usually
active stocks to an exceedingly mar
row range. The advices from Chicago
that the difficulties between the Pennsylvania
and the Baltimore & Ohio roads had been finally
adjusted, failed to create even a temporary eff
feet upon prices In the early morning there
was selling by London of Lake Shore, St Paul
and Louisville & Nashville, which movement
became general as the day advanced. the room
traders taking advantage of the situation to
hammer the market Among the specially strong
stocks were Consolidated Gas, the San Francisco
stocks and Ohio Southern, while New England
was notably weak. The opening WAS generally
heavy, although changes from last evenings
final prices generally for insignificant
fractions only, though Pacific Mail was up /,
and Northern Pacific preferred down J. The
early trading was marked by heaviress over
the entire list, Consolidated Gas, the San Fran
cisco stocks and Richmond & West Point being
notable exceptions. The market con-
tinued alternately heavy and firm, with
very little feature. the general tendency being
downward until the close. Richmond 81 West
Point was feature in the last hour. fuctuating
rapidly between Al and 49, The market closed
heavy. Sales 81, 728 shares, we'll distributed.
Everything on the active list. except Jersey
Central. Consolidated Gas and Canada South
ern, is lower tonight. New England lost II;
Kansas & Texas, Louisville & Nashville, Michi-
gan Central, and Missouri Pacific, each, l. and
the others fractions. Consolidated Gas is up Ii,
and San Francisco preferred II
Railroad bonds were moderately firm in the
forenoon, but yielded later, and final prices show
declines in majority of cases Sales, 81, So, 800
Closing quotations were: