The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-22
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.

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 5per cent.
asked
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet but steady and
unchanged.
The total sales of stocks, to-day, were COB. 521
shares, including the following: Canada South
srn, 6,150; Chicago. St Louis & Pacific pre-
ferred 1874; Delaware Lackawanna West
ern I6400; Erie. 81, 800; Kansas & Texas, 6, 100;
Lake Shore 13, $50; Louisville e. Nashville, H.
l0o; Memphis s. Charleston, 1890; Northwest
orn, 3,112; New Jersey Central, 81. ITO; Ohio s.
Mississippi, $500; Reading, $685. st. Paul,
IL, 1875; st. Paul & Omaha, $50; Texas & Pa
ci6c, 1925 Union Pacific, 1900; Western
Union, &c. 700; Oregon & Transcontinental. 1900.
Government bonds were dull and steady.
State bonds were dull and steady
Stocks were unusually active and excited,
without any special feversbness, except among
avery few stocks, and the fluctuations on the
general list were generally narrow, and. until
the afternoon, without much significance. The
day was the most active for many weeks. Rich
mond & West Point was the principal feature
1t moved through considerable range, opening
amid great excitement and selling at
different prices between 70 aud 76.
At the same time the reaction was
minutes. 1t then slowly reacted to "a, but closed
At 729. Some of the probable plans of the new
management were irregular, and excitement
lasted until the close. Money was easy, and for
Sign houses did very little. nor was there much
trading by Chicago and the grangers and Van
aerbits were without feature. The bulk of the
foreign operations were in western Union, and
the former was strong all the way
out The Chicago, ST. Louis & Pitts
burg stocks were the special feature
among the low priced stocks, aid 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 West Point
spread through the entire list. First prices
Ware 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 a 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 H. $685. Erie,
67556; Richmond & West Point &c, 265; Jersey
Central, 37.1l0; Western Union. &c, 700, and
Hooking Valley. 500. The net result of the
days business is decline in most of the active
advances. West Point is up II, Memphis &
Charleston Al, Chicago, ST. Louis q Pittsburg 2,
the preferred 81. Virginia Midland %, Oregon
Improvement 2, and Philadelphia Company L.
Jersey Central is down 81, Lackawanna, Pacific
Mail and Union Pacific each l.
Railroad bonds showed less activity. Sales,
So 433 000 The active issues were Erie seconds,
with $46l, 900; Atlantic Il Pacific incomes, $685.
900, and East Tennessee tves, 1925. 000 Prices
wera too strong in the forenoon but gave way
toward the close and final prices show irregular
changes, with the declines slightly in the lead.
$l2622,OO0 last week. Closing prices were as
follows