The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-15
CONDITION OF THE MARKETS
Wheat Rules Higher During the Day, but
Closes at About Tuesdays Figures.
Corn Moderately Active Within q Narrow
Rsnga-0ais Quiet and Steady-PrOyisiOns
Fairly Active and Somewhat Primer.
MONEY, BONDS AND STOCKS.

Weak Opening at New York, Followed By
Better Prices for Active Shares
NEW YORK. Nov. l4.-Money on call was
easy at az per cent, the last loan being made
~ 2, closing offered at.
Prime mercantile paper, Il a 81 per cent
Sterling exchange dull but steady at
81 s4i for sixty-dsy bills and sAs7t for do
mand.
The total sales OF stocks to-day were 232.
Ia4 shares, including the following: Delaware,
Laekawanus & Western, 100; Erie. s. 400 Kan
sss q Texas. 300; Lake Shore, 45.s0O; Mis-
sour Pacific. 5,leO. Northwestern, 1900:
Northern Pacific, preferred, $500; Oregon
Transcontinsntal. $500; Reading, &c, 400; Rich
mond & West Point, COCO; ST. Paul. IL 900;
Texas Pacific. 500; Union Pacific, $500; West
ern Union. $500.
TIE stock market was again weak In the for e.
noon to-day. bnt reacted before noon and from
that time advanced slowly but steadily an
closed generally at the top figures. which, in
most Of the list. were fractiopslly better than
those OF last evening. The trunk-line scare had
Aoout run its course this morning, and there
was an evident DISPOSITION to await further de-
vslopmenIs. ann as foreign operations were o
limited scale and OF very little importance either
way, there was q quiet market until the "bears"
made another onslaucht upon the list,
and especially the Vanderbilts and Lacka-
wanna. but the impression made upon
the general lis. was unimpOrtant and the good
suppor. given the Vanderbits at the low range
VI quotations encouraged the bulls" and the de-
eline was soou checked Later there were
Yumors Of negotiations 10 progress for the settle
nent OF the Trupk-hne difficulty. and President
Depew came out with an interview which did
much 10 restore confidence aud an upward
movement was started when ceased only with
the close Of the board Besides the Vanderbilt
and Lackawanua, Union Pacific and San Fran
cisco were subjected to considerable pressure in
fks forenoon, and later 10 the day st. Paul and
Duuth slumped of suddenly from 39l to l5t
. very light business. New England was a
marked feature OF the dealings throughout
the day, being strong even the face of the
falling market OF the forenoon, and later
leading the advance and closing with heavy
gain. The street 10, as usual, in the dark as to
the source OF the buying, though 1t Is believed
the Vandsrbilts and the Pennsylvania were
seeking control were circulated, but no facts
we're forthcoming. The Gould stocks and
Atcnison were also prominent IN the foreooons
rise, as was also Cotton Oil and the weak stocks
of the forenoon. The opening sales we're made
on quiet business and generally at prices .
shade of from those Of last evening. but the
drive OF the "bears" soon brought activity and
decided weakness, and for the first half hour .
large business was done at declining prices with
the Vsnderbiits in the lead The market soon
became dull again. as the attack lost its force,
and q slow Improvement begun. while
nearly al feature disappeared from the list
New England, however. was positively strong,
and the others seon gathered strength. the deal
ipes of the afternoon being accompanied by
modsrate animation. Very little special feature
was shown. however. and the opening prices
were passed, and the close was at the best figures
of the day. The setive list is almost Invariably
higher. and New England is up It..
The railroad-bond market was dull, and be-
yond firm tone there no feature through
out the day, except the animation in the Texas
Pacific seconds, which furnished S127, 600 out OF
the total days business Of 81. 059, 000 Evansville
b INDIANAPOLIS cobsols rose 4. to l07.
Governmsns bonds were dull and steady.
State bonds were dull and firm. Closing