The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-11-25
CONDITION OF THE r K
Further Declines in Wheat Cause Large
Speculative Business at Chicago.
Difference Between December and May Options
widened-Corn Closes Unchanged-Oats
Weaker-Hog Products Lower.
MONEY, STOCKS AND BONDS.

The Market Quiet and Dull, with Few
Changes of Importance.
NEW YORK. Nov. 23.-Money on call was
easy, with no loans, closing offered at 506
per cent.
Prime mercantile paper 6G7l2 per cent.
Sterling exchange quiet and steady at
s4.soai for sixty-day bills and $3.50 for de-
mand.
The total sales of stocks to-day were 1885,
05S shares. including the following: Atch-
ison. S,275; Delaware. L~ackawanna 81 West
ern, 200; Louisville & Nashville, 2.225;
Northwestern. 5,2l9; Northern Pacific pre-
ferrcd. ass; Oregon Transcontinental. 4.325;
Pacific Mail. 1000; Reading, 1900; Richmond
* West Point. 2.S19; st. Paul, 1880; Union
Pacific. 3.s15.
The stock market, owing to the absence
of a large number of brokers' at the East
ern sports. was quiet to dull to-day, and
the fluctuations. as a rule. were slight and
without Significance. The renewed attack
upon Reading met with but poor success,
and Louisville * Nashville and some of the
specialties felt the influence of the pressure
brought TO bear. The market displayed q
firm undertone throughout, and after the
issue of the bank statement, which
was published earlier than usual and
was regarded as favorable, there was
covering OF shorts" upon q lib
eral scale, and tho upward movement
which followed was very pronounced. Out
side of Reading aud Atchison there was
was little interest in the stocks of the usu-
ally active list. though the Northern Pa
ciics attracted considerable attention.
Atchison was strong on the seml-ofiiclal
statement that the success of the reorgan-
ization plan would be announced to-day,
bur, like all the active stocks. its final gain
was Insignificant. The center of interest in
the regular list was Chesapeake e. Ohio,
which was strong and active for all three
classes of stock, on the belief that the Van
derbilt- Drexel-Morgan interests were wait
ing for a turn, and had SO advised
their friends. The common stock was most
active. but the preferred stocks took the
lead in the upward movement, and both
scored material advances.
There was more interest in the trusts,
and the reorganization committee of Cot
ton Oil announced that a majority of GER
t~iticates had been deposited under the
plan. and that after Dec. 2 certificates will
penalty as may be fixed by the committee.
Most decided strength was shown by Cot
ton Oil in the last hour, n it
closed with. a marked gain. A
large. short interest in the stock is
reported to have covered yesterday. which
was not without its influence upon the
stock. San Francisco preferred was the
special weak point in the list, and it drop
ped 8 per cent to so on light trading. but
recovered about half of the loss. The close
was active and strong at the best prices of
the day. The sales of listed stocks. how
ever, were only SS7,601.
Railroad bonds were active for the
short session, to-day, the sales
reaching 'S7S6.OoO, though only two
the Gulf, Colorado 81 Santa Fe SKIES showed
any special animation. The tone of the
dealings was moderately strong all the way
out, but the final changes were in but few
cases for more than fractional amounts.
The sales of bonds for the week were ST.
79.0O0, against 50, 336, 600 for last week.
Government bonds were dull and steady.
State bonds were neglected. Closing quo
tations were:
-Four per ct. reg-.-127 &C.. II. e. Q..--.--106ls
Four per CT. coup .127 &C., Sc. L. P...-.. 15
Four and a les reg. 1043slC., ST. l.. & p. pref. 80
Four and i2scoup1O5 2lFort Wayne----.--156l2
Pacific IS of % lI7s Illinois Central. l7$
Louisiana st'pd As. DIAL. B. & -------- Ola
Missouri 6s.----...1OZ Lake Erie 4 West. 1874
Tenn. new set 6s- 100 III. 4. & W. pref 63l0
Tenn. new set S. 1902 Lake Shore. -..-.-.1O65s
Mutual Union Us .1O0l2 Michigan Central. 96lo
St.L-&I.M .gen.5s.- 64lolO. IL Mississippi 22ls
ST. l.. a. S.F gen. m III 10. Il N. pref.------ 80
Adams Express $50 Peoria, ID. a. E.. 194
Alton & +. II. pref.1i22 Pullman Paiace...1sSls
American Express116 u. 3. Express .----. S5l2
Ches. & Ohio 27oplW., 81. l.. IL P 16ls
G.. D. pref 1sts-- Sea- W., st. L. * T. pref. 321s
q. q o. pref. Eds. Ash Wells u Fargo Eek. 1877
Chicago u Alton 80 Western Union.--- "A
The weekly bank statement shows the
following changes:
Reserve. increase. $685.. 325
Loans. decrease 607, 200
Specie, increase 100000
Legal tenders. decrease.---.--.-.-- 337,1OO
Deposits. ACKNOWLEDGEMENTS. 3,292.9OO
Circulation, increase 5000
The banks now hold 81, ASS, 200 in excess OF the
20 per cent. rule.