The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-30
CONDITION OF THE MARKETS.
Wheat Shows More Activity and Vim
than atAny Time for Three Months.
The Market Gives Indications of Excitement,
and Finally Closes Nearly Two Cents
Higher than the Figures of Saturday.
MONEY, BONDS AND STOCKS.

Extraordinary Activity In Stocks, the Market
Closing Active and Strong.
NEW YORK, Nov. 29.-Money on call was
active at 5a20 per cent, closing at 607 per
sent
Prime mercantile paper, 405 per cent
Sterling exchange was dull but steady at
e4s0s for sixty-day bills and $4.S4 for demand
The total sales of stocks to-day were 742, 279
shares, including the following: Canada
Southern, 1871; Delaware, LackawanDa q
Western. s., $50; Delaware & Hudson, 1925;
Erie, 1880; Kansas e Texas. % $685. Lake
Shore, 1915 Louisville & Nashville, 1920;
Northwestern 2l,167; New Jersey Central,
&c 500; Northern Pacific. 6.350; Ohio & Missis-
sppi $780, Pacific Mail, lO620; Peoria. De-
catur & Evansville, 300; Reading, 242,31O; St.
Paul, Is, 700 St Paul & Omaha, $3.50; Texas
, Pacific. 70 2e5; Union Pacific, 330sO; Western
Union, $780, Northern Pacific preferred, 4, 750'
Oregon & Transcontinental, 7,645; Hooking Val
ley, 5 200
Government bonds were dull but strong.
State bonds were quiet and firm
Stocks showed most extraordinary activity,
which was due entirely to the broadening of
speculation. The low priced stocks went back
30 their normal condition of dizziness, while
almost ali of the old favorites became prominent
in the dealings. The increased interest was
most noticed among the Gould stocks, Texas
Pacific and Western Union being the great ia
vorites. Reading was the prime fayorite, how
ever. The coal stocks, especially Jersey Cen
trail and Lcckawanna. were active and strong,
particularly in the early part of the dav. There
was more trading in Lake Shore, which was,
however. attributed TO the covering of ''short"
contracts. The Pacific stocks among which
ET~,lo
prominent, were largely traded in,
the usual rumors of settlement
of their difficulties doing duty. There was con-
siderable sailing of Reading for London account
IN the early morning s:ours. and a sharp decline
Eas the Consequence 1t quickly recovered.
however, and after remaing COMB. atively steady
vas again moved up sharr,i,y toward the close
The opening was very active, but at irregular
changes tt1om last evenings final prices. the diff
fe.sences ranging from below to above, gener
orally. while Western Union was up H. Prices
were decidedly weak in the early trading. Read
.ng and West Point were the principal sufferers
Western Union and Jersey Central, however.
were remarkably strong, and the remainder OF
the market quickly recovered its losses, many
other stocks later showing decided strength.
among which Lackawanna, Texas Pacific,
Union Pacific and Kansas 81 Texas
in turn remarkable. The upward
ment gathered renewed strength in the
last hour and the market closed very active and
strong. close 10 the pest prices reacneo. safes,
1929 shares Reading 2423l0; Texas Pacific,
73 2S5; LacSawanna, 90. 500: Western Union. 3d.
T60 Union Pacific, 33. $50: Jersey Central, 26 500,
and Kansas & Texas. % 635 Almost the entire
active list is higher tonight, and the prominent
advances COMPRISE Texas Pacific, q. Denver &
Rio Grande preferred, p; Reading and Union
Pacific. each Il; West Point and Jersey Central,
each, II: Louisville Il Nashville, II; Western
Union and Northern Pacific preferred each. H.
Railroad bonds also felt the broadening inter
est in speculation and the sales were 81, 522. 000
Denver & Rio Grande fours contributed SOL
900; Texas Pacific income trust receipts $426 600;
Erie second 1901, 900 Prices were generally
firm throughout, and final declines are few. In
1ianapolls. Decatur G. Springfield frs:s gained
}. at Jog; Chic Mississippi fves, o. at 81; Utah
Southern extension sevens, g at 85: Texas Pa
sihc incomes. q, at COZ; the trust receipts g. at
624 the Rios coupon off, q. at 754: the trust re-
ceipts 81 at 77s, and the terminal trust receipts,
d nt Il Closing nnofations Yera.