The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-05
CONDITION OLE THE MARKETS,
Enormous Transactions and an Unusu-
ally Exciting Time in the Wheat Pit.
An Advance of Nearly Five Cents During the
Week, Though Saturdays Closing Figures
Were the Same as Those Of Friday.
MONEY, BONDS AND STOCKS.

Only q Moderate Degree of Activity in Stocks
Bonds Active, with Fractional Changes.
NEW YORK, Doc. Mooney on call was
quiet at 307 per cent, the last loan closing at
l per cent, asked.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet but steady at g. 500
for sixty bills. and 81. 832 for demand.
The total sales of stocks to-day were 4S6, 208
shares, including the following: Canada
Southern, II, $40; Delaware, Lackawanna e. West
ern Al, 100; Erie, 81, 410; Kansas & Texas 40;
Lake Shore, 1880; Louisville 81 Nashville.
Is. 100; New Jersey Central, $780, New York
Central, 7.O42; Northern Pacific, 7.400; Pacific
Mail, 1870; Reading. 1885, ST. Paul, l3050;
St Paul & Omaha, 3.432: Texas & Pacific, $3.50,
Union Pacific, 1860; Western Union, 6.1OO;
Wabash Pacific, 1900; Oregon & Transcontinen-
tai, "a, 500; Hooking Valley $500
Government bonds were dull and heavy
State bonds dull and steady
The stock market. in comparison with the pre-
eeding days of this week, was only moderately
active. Prices however, fuctuated upon a
higher plane, especially in the earlier part of
the day, and some of the speclalties occupied
more prominent position than at any time this
week. Richmond 6 West Pointsold ex. rights,
and were remarkably strong throughout owing
to the stories of new connections now in progress
If negotiated. Norfolk & Western also spe-
cially strong and active The Wabash was again
prominent, but did not hold the advance made
East Tennessee, especially the common and
second preferred stocks, were very active and
strong New England again came forward and
on numerous rumors of new developments ad-
vanced materially. Lackawanna, Erie and
comparatively quiet After the issue of the
bank statement, which was regarded as unfa-
vorable, there was disposition to sell, but it
lasted for a short time only, and the market
soon recovered it's tone. but quieted down per-
ceptibly. Philadelphia Gas and Milwaukee,
Lake Shore and Western Common, with Oregon
Improvement Company, made impor
tant gains The opening was strong
and active, and while the gains
over last evening ranged in the general list from
Ito g. New England showed gain of T. The
market in the early dealings was active hut
feverish and irregular. The usual undertone
Of strength however, soon became noticeable,
and noon prices were generally fractions above
the opening figures There was some hesitation
later and the market Quoted down, remaining
barely firm until the close, which was generally
steady on a moderate business. Sales,
4S6.2OS shares Lsekawanna furnished
A. $50; Erie. 37,410; New England. 80 sos;
Norfolk & Western preferred, 80, $40; followed
by East Tennessee, Reading, Western Union
and Oregon & Transcontnental A majority Of
the active list higher this evening, although
declines are numerous, the most important OF
which was Pacific Mail, which was weak
throughout the entire day. and shows a loss of
Ii Richmond e West Point shows a net gain
Of Il. and New England and Cameron Coal
gained each. Other changes are for fractions
only.
Railroad bonds we're again active sales, ST.
68l 900. Erie second consols furnished 1885, 000
at anet gain of I. at 102. Indiana, Bloomington
& Western incomes. and Atlantic & Pacific in
comes each contributed 1885, 000 The Atlantic
e Pacific frsts; Wabash, Chicago division fves
and the Detroit division skies were also promi-
nent in the trading. Prices were strong until
the afternoon, when they yielded generally, and
final changes were generally for fractions only
Chesapeake, Ohio & Southwestern bonds, how
ever, rose 2, to 104. Norfolk & Western I'm
provement skies, 4, to 102 Closing quotations
were: