The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-11
MONEY, BONDS AND STOCKS.

Stocks Show Increased Strength and Activity
Railway Bonds Firm and Strong.
NEW YORK, Nov. 1o-Money on call was
luiet at Al 06 per cent, closing at 506 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull but steady at
d 500 for sixtyday bills. and "a. 84l for demand.
The total sales of stocks to-day were 1863, 1886
shares, including the following: Canada South
Urn, 1920; Delaware, Lackawanna & Western,
7.16O; Erie. $3.50; Kansas & Texas. $40; Lake
Ehore 49, 900; Louisville g. Nashville, 5,270;
Memphis s. Charleston, II ,500 Northwestern,
1900; New Jersey Central, 19, 100; Pacific Mail,
1904; Reading, IL, 745; St Paul, q. 800; st. Paul
& Omaha, 1900; Texas Pacific, ,ss5: Union
Pacific 1850; Western Union. 49, 307 Wabash
Pacific, 8, 75o: Northern Pacific preferred, 4,755;
Oregon & Transcontinental, 1850.
Government bonds were dull and weak.
State bonds were dull and firm
The stock market moro active, and
showed more decided strength than for many
days past The bulk Of the advance and the
largest part of the trading was made in the
afternoon. The advices from Chicago of more
favorable outlook were the principal factors in
the advance. In the morning Jersey Central
was active and strong. In the afternoon the
Gould stocks became the leaders Western
Union was strong upon the renewal of the as
sertion that the Gold and Stock whichsit
trois had succeeded IN absorbing the CONNER
>cial Telegram Company in Chicago. The Wa
bash was also conspicuous for activity and
strength upon rumors of developments favora-
bic to the company. Richmond & West Point
was specially strong in the afternoon, together
with several of the speciaties, among which
New York and Texas lana and Columbia &
Greenville preferred made phenomenal advances
of 20 and 10 per cent, respectively. Memphis
4 & Charleston was feature in the morning, and
made a further advance of per cent.
The opening was firm, advances over
Che closing figures of last evening
hanging from ! to 3. A large
Humber of the active stocks, however, remained
unchanged, while Pacific Mail was down /. There
was some uncertainty in the early trading but
the market soon became strong upon a moderate
business, which. however, showed a marked fall
ing off before noon After that time the activity
was renewed and the market gained strength,
Rdyancing steadily until the close. which was
A feature of the days business was the large
number OF stocks traded in. Sales, 1863 885
shares; Western Union. 81. 307 shares; st. Paul,
%. 500; West Point, $500. Everything upon the
active list shows an advance tonight Oregon
Improvement Is up q; Memphis & Charleston
g. West Point, Is Jersey Central and Western
Union Ii each.
Railroad bonds were strone sales 81, 1886, 000
East Tennessee fves furnished 1854. 600: Rich
mond g. Danville debentnres, $780, 900, and Wa
bash, Chicago division, fves, $l2O,000 Prices
were firm to strong throughout the day, and
closing prices generally show advances. Den
yer & South Park frsts q, to "a; Houston
q Texas general skies, p, to 673; Senandoah
Valley irsts, 3, to 95 and the general SKIES -,
to464. The extraordinary rise of the issues of
vorable showing of the earnings reported. Clos
ing quotations were: