The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-20
CONDITION OF THE MARKETS
Increased Activity in the Wheat Pit,
Prices Being Unsettled and Lower.
Corn Moderately Active, the Market Showing
Weakness Toward the ClOss-0ats Quiet
Provisions Active and Stronger.
MONEY, BONDS AND STOCKS.

AFairly Active Opening at New York, Fol-
lowed by Dulin~ss and Lower Prices.
NEW YORK, Nov. l9.-Money on call was
easy at q per cent, the last loan being made
~ 2 per cent. closing offered st2
Prime mercantile paper. Al a6 Der cent
Sterling exchange was dull but firm at q 5f}
for sixty-day bills and s4.s7s for demand.
The total sales of stocks to-day vere 248.637
shares. including the following: Delaware.
Lackawanna & Western. IL, 400; Erie. :. 200;
Lake Shore, 1880; Louisville s. Nashville.
1854; Missouri Pacific. 5000; North western,
20, 500; Northern Pacific preferred, $500; Ore
ron TrsIscontinsntal, 3.7Oo; Reading. $4,000;
Richmond & West Point, 81. OoJ; St. Paul. 45,-
200. Union Pacific, $500; Western Union. 1880.
The stock market to-day was fairly active
during the forenoon. but dull later in the day
and weak ane declining during most of the
time. The weakness was accompanied by q
fair amount OF animation, but this was alter
mated with dull peiiods, when prices renamed
STEADY and the list without feature. The news
OF the day was of . neutral character, and no
Developments of . kline to affect the market
either way became known, but London was q
seller at the opening and Chicago also Joined in
the selling movement later, which brought the
traders in line for lower figures and lines OF
short" stock we're put out, which, accelerating
the decline, uncovered some STOP orders. which
added another elsmsnto of weakness. The principal
buyers were commission houses. and IN some III
stances round amounts OF stocks were taken, but
they had little effect IN checking the general
downward tendency OF prices. The pressure
was especially severe upon St Paul and Louis
Vile q Nashville, and when these stocks began
10 20 the rest Of the list followed. although the
movements in most Of the list were confined to
fractional amounts. New England, for some
time, was q feature of the trading, being we'll
held against the general decline. but a rumor
was started thai there was to be no contest for
control and IL quickly followed in the wake OF
the leaders. Missouri Pacific displayed consider
able weakness. and among the speciaities, Pail
man was notably weak on light trans
actions. as was also Pacific Mail. The
declines at the opening extended to
I per cent, and though there WAS q
light business doing prices continued to decline
steadily. with St. Paul and Missouri Pacific
leading, while New England was exceptionally
we'll held until late il the first hour. when 1t
gave way suddenly and dropped over . point.
Richmond d West Point showed some strength
toward noon, but Louisville & Nashville became
the leader Of the decline, and after II O'Clock
the weakness became more pronounced and the
market more active. Lake Shore became
specially weak. while New England again stiff
fened up. but the general list failed to respond
and the weak tone continued until the close Of
business, which was dull At the lowest prices Of
the day. The active list. without exception. 10
lower this evening, and Pullman lost 2, Louis
vile & Nashville Il, ST. Paul Ii, Pacific Mail
and New England II each. Mem phis & Charles
con / per cent, and the others fractional
amounts.
Railroad bonds were dull and almost feature
less throughout the day, and while there was no
general movement or tendency IN either direc-
ton, tho majority Of the important changes in
quotations are in the direction OF lower figures.
The only marked feature was tho activity and
strength IN the Milwaukee,, Lake Shore & West
ern convertibles, which contributed sl23,O00o out
- q sns.1 1aua hnsfnaaa NJ &QIN nm ThA d.
ehnes include Minneapolis & ST. Louis frsts. 2
a. "a. international first rose ?, to l04. and Mil
waukee, Lake Shore 81 Western convertiblss, II
to 92&.
Government bonds were dull but Arm.
State bonds were quiet and steady. Closing
nunfafiona ware: