The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-21
CONDITION OF THE MARKETS.
Wheat Develops a Stronger Tone, with
Freer Buying and Higher Prices.
Provisions Fairly Active but Easy, and the
Market Closes with Mess Pork Frac-
tiOn Lower than on Friday.
MONEY, BONDS AND STOCKS.

An Unusually Active Day in stocks-Bonds
Dull and Featureless.
NEW YORK, Nov. 20-Money on call was
active at 406 per cent, closing at per cent.
fsked
Prime mercantile paper 405 per cent
Sterling exchange was quiet but steady and
unchanged.
The total sales of stocks, to-day, were Coz, 52l
hares, including the following Canada South
Urn, 6,150; Chicago, ST. Louis & Pacific pre-
erred, 1874 Delaware, Lackawanna & West
srn, l64O0; Erie, e., $685. Kansas g. Texas. 6, $50;
L~ke Shore 1850; Louisville & Nashville, H.
loo; Memphis G. Charleston, 300; Northwest
Drn, 3,112; New Jersey Central 81, ITO; Ohio &
Mississippi, 5000; Reading, liz $685. st, Paul,
rife, l0425. Union Pacific, 4.600; Western
Union, 26, 700: Oregon & Transcontinental, 1920.
Government bonds were dull and steady.
State bonds were dull and steady
Stocks were unusually active and excited,
without any special feverishness, except among
avery few stocks and the fluctuations the
general list were generally narrow, and, until
the afternoon, without much significance. The
day. was the most active for many weeks. Rich
mond q West Point was the principal feature
1t moved through considerable range opening
amid great excitement and selling at
different prices between 20 and 76
At the same time the reaction
quick. and it dropped to g. all in the first ten
minutes. 1t then slowly reacted to IA, but closed
at 72h Some of the probable plans of the new
management were irregular. and excitement
lasted until the close. Money was easy, and for
eign houses did very little nor was there much
trading by Chicago and the Erangers and Van
derbilts without feature. The bulk of the
foreign operations were in western Union, and
the former was strong all the way
ont. The Chicago, ST Louis 81 Pitts
burg stocks were the special feature
among the low priced stocks and advanced ma
terially with active trading. Another marked
movement was IN Alton & Terre Haute. The
opening was active, and the nervousness and ex-
element caused by Richmond IL West Point
spread through the entire list First prices
were to higher than yesterdays closing fig
ures, but the advantage was soon lost rally
brought prices up to about the opening figures
by noon, after which q much better feel
ing prevailed until toward the close, when
everything gave way under the lead of Jersey
Central The market closed active and weak.
Sales 603, 521 shares; Reading 1l2 982; Erie,
1885, Richmond g. West Point, &c, 265; Jersey
Central, 37.1l0; Western Union. 26, 700, and
Hooking Valley, "a $50. The net result of the
days business is decline In most of the active
advances West Point is up u. Memphis 81
Charleston A, Chicago, st. Louis s. Pittsburg 2,
the preferred 81. Virginia Midland q, Oregon
Improvement g and Philadelphia Company Il.
jersey Central is down 81. Lackawanna, Pacific
Mail and Union Pacific each l.
Railroad bonds showed less activity. Sales,
s. 4330 600 The active issues were Erie seconds,
with $461 600; Atlantic 81 Pacific incomes, $685.
900, and East Tennessee hves, 1929 000 Prices
were too strong in the forenoon, but gave way
toward the close, and final prices show irregular
changes. with the declines slightly in the lead.
The sales for the week were $14 956 Co., against
$l2,622,000 last week. Closing prices Wsre as
follows
49,. u ..s 4 "a nffsas o. >y,,.., coo