The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-20
CONDITION OF THE MARKETS.
Moderate Speculation in Wheat, Accom-
panied by a Firmer Feeling.
Fair Demand for Corn at Prices Practically
Unchanged from Those of Thursday-Pro-
visions Open Lower but Close Steady.
MONEY, BONDS AND STOCKS.

The Stock Market Very Active, with q Large
Advance in Richmond and West Point.
NEW YORK, Nov. 10 Money on cali was
quiet at &C per cent. closing at 6 asked.
Prime mercantile paper. 05 per cent
Sterling exchange was quiet but steady at
$4811 for sixty day bills and 3D. s44 for demand.
The total sales of stocks to-day, were 558588
shares, including the following: Canada South
ern, Is, 04O Erie, 81. $50; Kansas & Texas. $3.50;
Lake Shore. $500; Delaware, Lackawanna &
Western. l628O Louisville & Nashville, 100;
Michigan Central, 1851; Memphis & Charleston,
IL, 300; Northwestern, 10000 New Jersey Cen
trail, "a. 900; Ohio & Mississippi, 10055 Peoria,
Decatur & Evansville, 1900; Reading, 49, 800;
st. Paul, 32lS; st. Paul g. Omaha, $3.50; Texas
& Pacific, 1850; Union Pacific, g. ITO; Western
Union, 1880; Oregon 6 Transcontinental.
$500
Government bonds and State bonds were dull
and steady.
The stock market was active, with the widest
distribution of business ever recorded. Rich
mond Sc West Point absorbed the greatest
amount of interest though the general list re-
ceived great deal of attention. A report was
spread in the morning that large operator was
it advanced over per cent. before the end of
the first hour. In the afternoon, however it
made public that the terminal people had
yesterday succeeded in acquiring control of Dam
vile stock, which CRADLES them to dictate the
terms of their proposed consolidation. Another
rush to buy was the consequence and another
6 per cent. added to the price of the stock.
The general market was higher than
yesterdays close almost all day, al
though very little movement in prices,
except in special stocks, noticeable The
Rrangers were quiet. with the exception of
Omaha and the Vanderbiits, with the exception
of Canada Southern. The meeting between
Presidents Garrett and Roberts had a beneficial
effect upon trunkne stocks, as we'll as Read
ing, the latter becoming extremely active and
strong in the last hour Among the specialties
Hooking Valley was the leader. Atlantic q
Pacific and Ohio 81 Mississippi were prominent.
The opening was extremely active and strong,
first prices showing gains of to generally,
though West Point was II higher. There were
further slight advances in the early dealings,
but prices soon became heavy and continued
alternately heavy and firm for the greater
part of the day, though the last hour
saw strong market throughout The
close was active and strong. close to the opening
figures Sales, 558 $50 shares; West Point fur
nished los, 600; Reading. 99, 800; Hooking Valley,
1882; Erie. 81, $50. and Western Union, 81 500.
A large majority of the active list was higher.
Richmond & West Point is up 12a; Virginia Mid
land, 81; Milwaukee, Lake Shore q Western pre-
.erred, d; Oregon Improvement. 2; Hooking
Valley II; Memphis s. Charleston, II; Norfolk
& Western preferred, H.
The railroad bond market was active. Sales,
$2,921,000 Atlantic & Pacific incomes furnished
$4,000; West Shore fours, $557 00O Prices
were firm to strong throughout the day. and al
most everything is higher Atlantic s. Pacific
frsts rose 2, to 88I; Texas Pacific Rios, A, to a.
Closing quotations were: