The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-17
CONDITION OF THE MARKETS.
A Firmer Feeling All Around, but the
Volume of Business Is Very Light.
Wheat Closes at Slightly Better Figures than
Those Current on Neutrality-suspicious.
Quiet and Without Important Change.
MONEY, BONDS AND STOCKS.

Stocks Present d More Solid Appearance
than for Same Time Past.
NEW YORK, Nov 16 Money on call was
active at q 10 per cent, closing at asked.
Prime mercantile paper 405 per cent.
Sterling exchange was dull but steady at
$A803 for sxty-day bills. and 81 844 for demand.
The total sales of stocks, to-day, were 466,802
shares, including the following: Delaware,
Lackawanna 81 Western. $500; Erie, 10. 945;
Lake Shore 1925; Louisville & Nashville, 12,
815 Northwestern, 7.605; New Jersey Central.
$780, Ohio & Mississippi $685. Reading, l28,
$50; ST. Paul, 27290; st. Paul & Omaha, 10, $50:
Union Pacific, IL, 255; Western Union, 7,460;
Northern Pacific, preferred, $3.50; Oregon &
Transcontinental, 81, 430.
Government bonds and State bonds were dull
and steady to-day.
The stock market presented a more solid sp-
pearance than for many weeks. The specialties
showed comparatily less activity, and their
movements attracted less attention. while the
usually active list again became prominent
The market In the morning hours presented no
particular feature, although prices throughout
were firm, but, in the afternoon. Reading sud
denly jumped into extraordinary activity and
strengthened up on the announcement that the
reorganization trustees had at last formed
plan acceptable to all interests. Buying of Jer-
sey Central stimulated later and the other
coal stocks also felt the influence. The
grangers were all active and moderately strong,
most of the buying coming from Chicago,
and Oregon 81 Transcontnental with Oregon
Navig alton, were active and higher toward the
close upon the statement that the Oregon lease
had been consummated Rumors in regard to
Niekelplate were plentiful, and the preferred
stock was remarkably strong. After Reading,
Philadelphia Gas stock was the feature of the
day, being active ara scoring advance of
nearly per cent Among the other specaltles.
Joliet Steel Company and Green Bay were
noticeable, The market opened somewhat
irregular. but generally strong, advances
last evenings final figures ranging from ! to !,
the latter Louisville 81 Nashville. Trading
active, and some little beaviness in the early
dealings soon disappeared and the market be-
came strong throughout; New England, and
Louisville q Nashville were the special features.
Then the movement In Reading began, and 81.
600 shares Of this stock changed hands in
hour with net advance of II per cent In the
last hour the market became feverish aud irreg
ular and so closed. Sales, 467, 600 shares.
Reading furnished 128,450; St. Paul. 1900; New
ENGLAND, 1880; Oregon & Transcontinental,
24530 Almost everything is higher this even
ing, Philadelphia Gas being up 81: Reading, q;
West Point ID: Louisville g Nashville. II:
Nickel-plate preferred, u, and others fractions.
Railroad bonds were less aetive sales. so, l04,
O00 West Shore tours furnished 1921. 900, and
Kansas & Texas skies $l44 600. Prices were
generally strong IN the morning hours, and some
losses occurred in the afternoon. Final figures
show irregular changes, though they are oftener
higher than lower. Closing quotations were
Thrae nap cent louisville & Nashville 623a