The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-06
CONDITION OF THE MARKETS
Light Trading in Wheat, the Pit Show
inc No Special Features of Any Kind.
Corn Only Moderately Active. Accompanied
by Generally Primer Feeling-0als Quiet
and Unchanged - Provisions Steady.
MONEY, BONDS AND STOCKS.

Moderate Business In New York, with . Dull
but Strong Closing.
NEW YORK, Nov. 5.-Money on call was
easy .. 2e2i per cent. the last loan bsing made
1t p per cent, closing Ct 202i per cent
Prime mercantile paper, Al at per cent
Sterling exchange was dull bat steady NJ
o. s4t for 60-day bills and sis7a FOR demand
The total sales OF stocks to-day were 98, l9l
shares, including the following: Delaware, Lack
awanna &c Western, 500; Erie, $3.50; Louis
villa & Nashville, 1000; Missouri Pacific. 3,ll2;
Northwestern, 1850; Norfolk & Western pre-
fsrrsd, 1900: New York Central, LOO; Northern
Pacific, 800; Oregon g. Transcontinental, 1900
Reading. 13. go; Richmond & West Point. 1875;
ST. Paul 6,l20; Union Pacific, 1l,6o5; Western
Union. 7,ll0.
The stock market to-day, with the exception
Of q moderately active business for q few min
uies in the first hour. when the accumulation OF
orders over the holiday were being executed,
was intensely dull, and after about 5000 shares
had changed bands, in the first hour, the next
hours business was only 5000 aud the first
two hours OF the afternoon a business
Of only Ia, 900 shares the entire days transac-
hons footing up only 98. l9l shares. London Was
liberal buyer in this market at the opening,
but there was no increased disposition to trade
among the local operators. and after the foreign
demand was satisfied the markes relapsed into
most intense dulluess. From that time out the
dealings entirely in the hands OF the pro-
tessionas, and as the general impression Is that
.here are to be higher figures after the election,
10 by the traders, which served to maintain
prices throughout the day, and was sufficient TO
sause some animation in the last hour, when
few stocks again moved up.
Other circumstances favored the advance,
however. the absndo nmsnt by the Iowa Rail-
road Commission of the position taken by them
last fall. and the continued talk Of q settlement
Of the Southwestern difficulties all aiding in the
creation of marked "bullish' feeling. The
opening figures were decidedly strong, advances
extending to per cent, and the business OF
the first hour more active than usual for
the past few days. while it was, at the same
time, much more evenly distributed. The up
ward movement made great progress IN the
hour. though the gains over first prices were
confined to fractions, with San Francisco,
Northwestern ard Pullman most prominent
Lsckawanna became prominent for strength, as
did also Reading and New Englsnd, and all
moved uo fractionally. The close was dull
but strong at the highest prices
of the day There were only two stocks which
displayed any animation Reading, which con-
tributed I3, 230 and Union Pacific IL. COS shares
to the grand total The active list is almost In
varisbiY higher, and Notwithstanding the limit
Cd character OF the dealings the advances are,
In most instances. for material amounts, and
San Francisco preferred rose II; Chicago. Bur
.ington s. Quincy / per cent. and Erie like
AMOUNT
The railroad bond market was dull, like the
share list. and was equally featureless. though
sfrm tone prevailed throughout the day. The
Galveston, Harrisburg e. San Antonio seconds
were conspicuous for weakness, while the st.
Louis, Arkansas 81 Texas issues were once
more prominently strong. The Galveston, Har-
risbure & San Antonio seconds lost g. az 1881
aud Chattanooga seconds, Al. TO 1O4.
Govern ment bonds were dull and steady.
State bonds were dull and steady. Closing