The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-21
CONDITION OF THE MARKETS
The Wheat Pit Shows Increased Activ-
ity, and Prices Are Decidedly Lower.
An Easy Feeling in Corn, Accompanied by o
Lower Range of Prices-0ats Active and
Higher-PrOyisions Active and Easier.
MONEY, BONDS AND STOCKS.

"A Dull and Uninterestins Market in New
York, with a Quiet but Firm Closing.
NEW YORK, Nov. 20.-Money on call WAS
easy at a per cent, the las. loan being made
At q per cent, closing offered at 2a2s.
Prime mercantile paper, Al 06 Der cent
Sterling exchange was quiet but steady at
4s4I for sixty-day bills and s4.s7s for demand.
The total sales Of stocks to-day were 173. 4l2
shares, including the following: Delaware.
Lackswanna & Western, 5000; Erie, 1855;
Lake Shore, 5000; Louisville & Nashville.
$500; Missouri Pacific, $500; Northwestern,
800; Northern Pacific preferred, $500; Read
ing, "A. 200; Richmond g. West Poinr, 10, 700;
81 Paul. %, 200; Union Pacific, $500; Western
Union. 1900.
the stock market today in all its departments
was dull and uninterssting, most of the stocks
traded in fuctuating ever a range Of less than l
Der cent, but while there was some weakness
shown during the forenoon, q general improve
ment later about recaiaed the Losses OF ysster-
day. Operators are still awaiting DEVELOPMENTS
on the railroad situation. and there is a very
marked indisposILion TO trade. pending some turn
Ia affairs, aud In the meantime the traoers and
bears" who show all the speculative activity,
rave the making OF quotations practically TO
SOulo purchases OJ LouQO1 LUIS
morning gave the market a strong tone. out after
the limited demand from thatcenter was satisfied,
The traders went in for another raid upon
values, buL soon found that they had oversold
their market and covering was the order Of the
day later. The pressure was upon the same
stocks which felt the attacks yesterday, and
New England, Missouri Pacific and St Paul
we're the only features of the day. The first
named was specially weak in the forenoon, and
sell of over a point. a portion Of which WAS aft
erward recovered. ST. Paul was bought BIZ the
foreigners. but its movements were devoid Of
special significance, and late In the day Missouri
Pacific became the leader On buying, based up
on runors OF q settlement OF Southwestern
troubles. There was some speculative interest
shown in Lackawenpa, Reading. Lake Shore,
Union Pacific. and Richmond & West Point,
but the transactions in those stocks
call for no spec al comment The
advances at the opening extended to per cent.
IN Lake Shore. and while a strong tone pre-
vailed for some time. the bears" soon attacked
the list and brought prices down from ! to / per
cent. and later New England was forced of
over l per cent. The depression was of short
duration, however, and the market became in.
tensely dull. and no movement of Importance
was seen until we'll into the afternoon, when
Richmond & West Point moved off q fraction.
which was followed, toward ? p. NJ. by = general
advance. accompanied by a marked increase in
the amount OF business done. and. Missouri Pa
ci6c taxing the lead, the highest prices Of tie
day were reached shortly before the close of
business Inc market reacted signify In the
last few minutes, but the close was quiet and
firm at the figures. There were a few frsc-
tional declines for the day. but the great major
ity Of the list showed fractional advances.
while Missouri Pacific was exceptional with q
gain of l..
Railroad bonds showed more vim today,
though the animation YVES again monopolized by
the Reading issues, the firsts contributing S237,-
900. and seconds Sll4, 900 to tbs days total of
81, 207. O00. The tone of dealings was again firm.
and most Of the bonds dealt in show advances
over their last previor5 quotations. The princi-
pal gains comprise St Paul. II. e. ID. sevens.
Il. TO 1927. and International seconds, q, to 10.
Denver & South Park frsts declined 3. at 70.
and Sehsndoah Valley first certificates, 3. at 80.
Government bonds were dull but steady.
State bonds we're dull and steady. Closing