The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-09
CONDITION OF THE MARKETS
Wheat Commands Higher Figures at
the Opening, but Reaction Follows.
Corn Stronger at Slightly Higher Figures
Oats in improved Dsmand-PrOvisiOns in
Increased Demand at Higher Prices.
MONEY, BosDs AND STOCKS.

A Dull Market In New York, Only One Stock
Showing Any Activity.
NEW YORK, Nov. Mooney on call Was
easy at z25. the last loan being made At 2,
closing offered al .
Prime mercantile paper, - 06i.
Sterling exchange was dull but steady ~
e. Sit for 6O-day bills and 81. s7i for demand
The total sales OF stocks to-day were 1885,
04l shares, including the following: Delaware.
LackswannA & Western, 800; Erie, $500;
Lake Shore, $780, Missouri Pacific. 1850;
Northwestern, 5000; Northern Pacifo, pre-
ferrsd, 5000; Reading. do, 6.34o; Richmond &c
West Point II. AS; ST. Paul. 9l6o; Union
Pacific, IL zoo; Western Union. 5. $50
The stock market to-day was dull, except for
one stoek, but it was weak and declining in the
forenoon, and the losses made duriog that time
were never recovered. The prices at the close
were. in great majority of the list. materially
lower than those OF last evening. There were a
number OF disgusting advices received during
the day, such as the disruption OF the Western
Passenger Association. and the trouble with the
coal diggers on the Panhandle, but the principal
cause of the Generalization was the unusually
heavy sales for foreign accou Mt. which were
assigned for this outpourinc of long ntocks
was that the foreigners were distrustful that the
new administration might make suen changes
IS would retard business. ard 80 hurt the values
of securities. There the usual amount OF
short stock put out by the "bears' and traders.
but this exercised no special influence upon the
course of prices The coal stocks. aud especially
Reading. were the leaders In the dscline, ana
the dealings in the stock mentioned assumed
large proportions, and furnished nearly half the
business done. The trunk Ices were heavy,
aud in some cases decidedly weak on the recent
reductions and the refusal OF the Pennsylvania
TO advance rates had marked influence They
were follow I'd by the southern stocks. and not
wIthstanding tho favorable outlook for the
Southwestern lines both Atchison and Missouri
Pacific were prominent for the declines estab-
lIshed. Cotton OIL was q feature of the day.
being, after the first decline. remarkably strong,
and on q large business closed a fraction higher.
Union Pacific prominent among the nctlv
stocks, but its movements were small and It's
price vel maintained throughout, and
Tennessee Coal was conspicuous during the
early trading by an adyarca or over
point. though the greater portion OF
the advance was stterward lost The rest OF
the list were dull. aud call for no comment. The
opening was moderately active. but in marked
contrast to that OF yesterday, was decidedly
weak, and the losses from last evenings closing
figures extended to 1 Der cent The market re-
mainsd almost motionless until toward II
o'clock, when there was Q renewal OF ths weak
ness ana prices u oVed on rAplnly. ana Seuhue
Southern, Missouri Pacific and Reading became
specially prominent for the declines setsb
lishsd. A lull in the market was accompanied
by a hrmer tone for the rest OF the
forenoon, bat later the market WAS attacked
with Sigor and the lowest prices of the day gen
orally were reached abo e l p. NJ Dizziness
again interviewed aud prices made slight recov-
eries, but the market continued without feature
until the close. which dull and steady &c
firm at but slight gains over the lowest figures
reached. The volume OF business shows some
increase over that OF yesterday. The activ,
stock are almost invariably lower tonight, AM
Reading los, II; Atchison. Ii; Canada Southeri
aud Norfolk & Western preferred, Is each
Missouri Pacific, per cent
The RAILROAD bond market was some what NOR
active to-day, but, as IN the shsr, list, this was
entirely due 10 the animation shown in the
Reading issues, and the second incomes contr B.
uted Sl77, 900 TO the days total of 81, l39. 900.
Tsers was no other feature to the dealings, and
while there was q firm tone in the forenoon
and some advances were made, this disappeared
later. and the closing ARures show Irregular
changes, which generally for small fractions
Government bonds were dull and steady.
State bonds were entirely neglected. Closing