The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-28
CONDITION OF THE & K
Wheat Again Surprises Operators by
Opening Lower and Closing Higher.
Corn Weaker, with a Downward Tendency in
Prices-0ats Quiet and Steady-Pork Un-
settled-Easisr Feeling in Lard.
MONEY, BONDS AND STOCKS.
The Market More active at a Material Ad-
yarea i'm Pricez

The Market More active at q Material Ad-
vance i'm Prices.
NEW YORK, Nov. 27.-Money on call was
sssy at 2 to q per cent, closing offered at 2.
Prims mercantile paper. 4l06l Der cent
Sterling exchange was dull but steady at
SASH for sixty-day bills and s4.Sss for demand.
The total sales Of stocks to-day were 2o2.593
shares, including the following: Delaware,
Lackawanna &c Western, 1000; Erie, 1865;
Lake Shore, 81, 400; Louisville G. Nashville, A.
$50; Missouri Pacific, $500; Northwestern, T.
900; Northern Pacific preferred. 1885,; Oregon
Transcontinental, 5,lO0; Reading. 81. 900; Rich
mond e. West Point. $500; St. Paul, SO. 7S1;
Union Pacific, $500; Western Union, $3.50.
The stock market was q shade mere active to-
day and quite strong, especially in the after
noon, and prices this evening are in most stocks
materially higher than those of last evening
ton this morning. and many operators
who have held aloot from the
market for some time were buyer,
to-day, and while the foreigners put ont some
stocks In the forenoon. they were later buyers
of their fsvorites, and throughout the day the
principal sellers were the traders, The expected
heavy engagements of cold for export did not
materialize, as only $500. 900 were taken. and
that had no influence either way. In the after
noon the upward movement inaugursted was sc-
celebrated By reports from Chicago in regard to
the new agreement in the Southwest, and later
by rumors OF q complete settlement OF the
trunk-.,ne difficulties, although there was moth
ing definite upon that issue. New England was
again a marked feature in the list and became
quite strcng, though IL was not until later that
the general list Joined In the movement. When
1t did. however, Lake shore was very prominent,
but all IL, trunk lines stocks. as we'll as the
South Westerns, grangers and the Northern Pa
Of the rise encouraged the taking OF profits to-
ward the close and some reaction was had,
though o portion Of the loss was afterward re-
severed.
There was a little more vim to the specu Ia
ton at the opening this morning; the first sales
we're generally made at a slight loss from last
evenings figures, and under some selling from
Chicago further slightdeciines were established.
The market, however, showed a sudden change
In its temper and became strong throughout, al
though the New Enelands were the only stocks
that displayed any unusual strength. After the
hrss demand was supplied the list sank into
intense dullness, but Ia the afternoon there
was a renewal OF the upward movement, and
more animation was shown in the dealings. The
best prices were reached toward delivery hour,
after which time there was some reaction, but
the market closed az the highest price Of the
day.
Railroad bonds were dull and devoid of
feature of Importance.
Government bonds have been dull, but firm.
CT. - l-1I I'D eN-