The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-01
CONDITION OF THE MARKETS.
Wheat Active and Excited, with q Large
Amount of Speculative Trading.
Corn Fairly Active and Firm-Active Trading
in Provisions, Accompanied by Steady
Decline in Prices Of Mess Pork.
MONEY, BONDS AND STOCKS.

MONEY, BONDS AND STOCKS.
A Day of Great Excitement in Stocks, with
the Largest Transactions Ever Known.
NEW YORK. Nov. 30.-Money on call was
active at SOLO per cent, closing at per cent
asked.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull but steady and
unchanged.
The total sales Of stocks to-day were COL 847
shares, including the following: Canada
Southern, o. 657; Central Pacific, 6. l25; Delaware
Lackawanna & Western. 2,770; Denver g Rio
Grande. $780, Erie, 10 295; Kansas & Texas.
SO. 035; Lake Shore, l7,l67 Louisville & Nash
vile, IL, 595; Northwestern. II, 275; New Jersey
Central, 49, 23l; New York Central 13 sos;
NortherD Pacific 800: Ohio & Mississippi g.
$50; Pacific Mail, TO-. 100: Reading, 3l0.465; St.
Paul & Omaha, 3 450 Texas Pacific, go, 900;
Union Pacific, 90 1876; Western Union, SO. 800:
Wabash Pacific. 39lO; Northern Pacific pre-
ferred, 10, 225 Oregon & Unconstitutional, a.
055: Hooking Valley, 7,49a
Government bonds were dull and heavy.
State bonds were quiet and firm.
To-day was another extraordinary day at the
Stock Exchange, the recorded transactions run
ming up beyond anything ever known before
There was great excitement and prices rose rap
Idly in the morning, but the advance eliminated
shortly after noon when something very like a
stampede occurred. Prices fuctuated violently,
and tze transactions were simply enormous
Moneyw again manipulated up TO 10 per cent
and the room-traders, by raiding every weak
Was again the most important stock on the list
and its sale exceeded even Saturdays large to
tai. The street believes that large interests, in
Guiding London, have been caught
short of this stock, and, though
heavy purchases have been made for
both sides of the account, il is thought that the
outstanding short interest is still very large
The other coal stocks. especially Jersey Central.
were features of the day The latter ad-
vanced in the morning upon renewed confidence
THAI the Baltimore G. Ohio would carry ont its
contract The Southwestern stocks, particular
~ Texas Pacific aud Kansas & Texas attracted
much attention, and Western Union was very
largely traded in. Union Pacific was next favor
ite after Reading, upon rumors from Washing
ton of favorable developments to the company.
The grangers, with the exception OF St Paul,
were quiet and comparatively steady, as were
also the Trunk line shares.
Ths opening strong. first prices generally
showing adances over last evenings closing fg-
ureS or from TO 4. A lew STOCKS, however,
were small fractions lower Business was ex-
tremey active, but prices sagged off little in
the early trading. New England being specially
weak. The entire market. however, soon be-
came strong Jersey Central and Union Pacific
making the largest advances Reading became
suddenly active and strong after IL
o'clock. but the upward movement eliminated
before ] P NJ, and d general decline followed
iE which all the strong stocks of the morning
were noticeable. A fractional rally was followed
by another decided break in the last hour and
the market finally closed on a rally, feverish ex-
cited and irregular. Sales 901 887 shares of
which Reading furnished $40. 465, Union Pacific
So 1876, Texas Pacific GO 090 Western Union So :
800. Jersey Central 1921 and Kansas 4 Texas
1905 Notwithstanding the large advance for
the day, up TO P. NJ in many stocks, not single
on the active list records net advance for
the entire day. Chattanooga. however, is up 3
per cent, Richmond & West Point lost per
cent. Michigan Central 2, Della ware & Hudson
III, Reading II, New England and Hooking Val
lev each H. Canada Southern & Northwestern
each Ii and Lake Shore and Western Union each
per cent
Railroad bonds were less active Sales, So
$4,000 Prices were strong in the morning. but
in sympathy with the share market gave way
toward the close, and though a majority show
o net gain for the day, several material declines
were established. Denver 81 Rio Grande tours
gained upon sales of 1886, 900 Texas Pacific
Income trust receipts sold to the extent of $3l4-
600, At loss of per cent Detroit. Mackinac
& Marquette frsts rose 2s. to 100 the land
grants. p. to so; LAFAYETTE. Bloomington &
Muncie hrsts, 2 TO 10S and Susouehanna d
Western debentures. coupon off, g TO g. Rich
mond & Allegheny certificates lost g. AT "a: North
Missouri frsts, p, at ll62. Closing quotations
were.