The Indianapolis journal., 1886-11-04
CONDITION OF THE MARKETS.
Wheat Rules Dull and Closes at Slight
Decline from Mondays Prices.
4 Good Speculative Demand Causes Small
Advance in C0rn-0ats Dull and Easy
Pork Shows Increased Activity.
MONEY, BONDS AND STOCKS.

Stocks Active and Higner-Railway Bonds in
Fair Demand and Higher.
NEW YORK, Nov. 3. 3.-Money on call was
active at 81 a Is per cent, and closed at asked.
Prime mercantile paper, 405 per cent.
Sterling exchange was duh but strong at
d. S0a for sxty-day bills, and $4 "a for de-
Inand.
The total sales of stocks to-day were 1863, ,5o7
shares, including the following: Canada South
ern, 9,025; Delaware, Lackawanna & Western,
AGO; Denver Il Rio Grande, $500; Erie, &c.
460; Kansas & Texas, 1875; Lake Shore, q, 935;
Louisville g. Nashville, 1910; Michigan Central,
B,S35; Manhattan Consolidated, $50; Missouri
Pacific. $3.50; Northwestern, 5000; New Jersey
Oentral, 1902 Ohio & Mississippi, 6.l75; Pa
eifc Mail, TO- 325; Peoria. Decatur & Evansville,
1885, Reading, 27,650; ST Paul, 20,650; st.
Panl & Omaha, $780, Texas & Pacific, 1900
Union Pacific 1915; Western Union, II, ,l6o;
Oregon & Transcontinentai 2l.875.
Government bonds were duh and steady.
State bonds were dull and steady
The stock market was more active and higher
!han on Monday There was some hesitancy,
especially among the foreign houses, who were
waiting to see the effect of the elections upon
the market They soon became reassured. how
ever, and bought freely, especially In Erie and
Reading, while in the early dealings there was
some selling for foreign account of ST. Paul and
Lake Shore. The market advanced steadily,
With special movements in Consolidated
Gas, Pacific Mail, C.. C., G. l.,
and certain of the specaities. Rumors were
circulated that the officials had taken advantage
of the presence OF M. De Lesseps to adjust the
differences between the Pacific Mail and the
Panama company. though il was afterwards
aA @haf he info 0niy and
that a subcommittee had been appointed to
that end. New England was helped by story
that an arrangement had been signed with the
New York City 81 Northern. Extensive realiza-
tons In the afternoon, coupled with the manipu-
lation of money up to Is per cent, caused
material reaction throughout the entire list
The feature of the late trading was the activity
and strength of Rock Island. Jersey Cen
tral and Louisville & Nashville were tbs
only prominent active stocks showing any weak
ness. The market was strong and active at the
opening first prices showing advances ranging
from to l. New England and Missouri Pacific
were each up ! per cent There was an active
trading and prices were somewhat feverish, hut
generally heavy, though Pacific Mail and Fort
Worth 81 Denver were copspicuously strong,
and were later joined by New England and Man
haitian. The general market became strong be-
fore noon, and Denver & Rio Graude, c.. C.,
c. Il l. and Consolidated Gas afterward made
material advances Toward 2 P. N. reaction
set in. but the market became steady before
o'clock. and 80 closed. Sales, 1863, 507 shares
Erie furnished 36,460; Reading. New England,
Lake Shore. Oregon 81 TransconIinental
and ST. Paul over 10000 shares each,
and there were four other stocks of
which the sales exceeded 10, 600 shares each
Almost everything on the active list is higher,
the few declines being for insignificant fractions
Pacific Mail is up q; Consolidated Gas. 2; Man
haitian Il; Richmond & West Point Il; New
England II; Michigan Central, II. and others
fractional amounts.
Railroad bonds were in fair demand. Sales,
$l.7S7, 900 Kansas g. Texas skies, 1892 900: Erie
seconds, $155, 900; Ohio Southern incomes. $140
O00 Prices followed the course of the share
market very closely Closing prices generally
show advances, though important changes are
few. Milwaukee, Lake Shore t& Western,
Michigan division SKIES. rose 2, to 1l5 Ohio
Southern incomes. q, to 40, and Alton e Terre
Haute dividends, A. to 800; Louisville. New
Albany & Chicago consols lost 8, at o. Closing
quotations were