The Indianapolis journal., 1889-11-15
CONDITION OF THE MARKETS
Speculative Wheat in Lively Demand,
and Prices Continue to Advance.
The Close Sees Slight Decline in May, though
December Isa Point Higher-Corn and Oats
Somewhat Weaker-Pork Also Lower.
An All-Around Improvement, with Material
Advances I'm Everything but Cotton-Oil.

An All-Around Improvement, with Material
Advances in Everything but Cotton-Oil.
NEW YORK, Nov. 14.-Money on call was
easy, ranging from to 6 per cent. the last
loan being made at 5; closing offered at 5
per cent.
Prime mefcantile paper, 51207l2 per cent
Sterling exchange quiet and steady at
s4sola for sixty-day bills, and $4.s4s4 for
demand.
The total sales of stocks to-day were
265, ,997 shares, including the following:
Atchison, 1885; Union Pacific. 1850; Della
ware, Lackawanna & Western. 20. .9S3; Den
yer, Texas g. Fort Worth. 4,215; Erie, 4. 700:
Louisville Il Nashville. %. .43l; Missouri Pa
cifc. 500; Northern Pacific, preferred,
1876; Oregon Transcontinental. 1886; Read
ing. 1900; Richmond & West Point, 9,O39:
st. Paul. $685.
The stock market was quiet, though the
dealings extended to an unusually large
number of shares, and the temper from
opening to close was moderately bullish,
with no marked demand for stocks. while
the shorts covered to some extent The
movement of prices after the first half hour
was steadily. though slowly, upward until
well into the afternoon, when the buying
assumed large proportions, and the rise was
ness done was more even than for two
months and everything, down to the spe-
cialties, which are only dealt in from time
to time. showed some improvement. The
fsasSns though TIE
West Point seemed to drag after its sharp
advance of the past few days. and the
grangers followed with marked move
ments In the specialties. The trusts with
the exception of Cotton Oil, were not active.
though they followed the general market
IN making material advances. There was
plenty of Cotton Oil for sale at about 80
and it failed to get much above that figure.
Sugar was the only one which made any
.paratively dull throughout the day.
Louisville e. Nashville was in good demand
for some time but the insiders took hold
Of ora it ,us after it had crossed nes ,.,, 70
further. @ p spart in in Transeontinsntsi re snasi
was one of the special features of the day,
but the Northern Pacifics did not respond,
remaining dull. and tonight are only
freely by the Chicago party; and the earn
ings Of st. Paul for October are said to
make = very favorable exhibit, and it was
generally believed that the influential
Chicago operators are again purchasing it.
The Others kept pace. with Rock Island,
specially prominent In the inward move
ment. Among the low-priced shares were
Denver, Texas 81 Fort Worth, Ontario &
Western and Norfolk & West
ern preferred. which showed marked
clede Gas Company was traded in
upon the board FOR the first time to-day
ranging between 217s and 20l2. Open
ing prices were generally from Is to
;s per cent. better than last nights figures,
and the list though meeting with some op-
position from the bears moved up SLOWLY,
and the trading throughout was devoid of
special feature. the, upward movement
ffrxyx xxvrt n h anE
stocks. and these Interruptions were short
lived and generally insignificant. The
close was fairly active and strong at about
the highest prices of the day. The final
out the list, and Sugar and Ore
gon Transcontinental are up Ia each;
Tennessee Coal a like amount; Jersey Cen
tral, l2: Louisville q Nashville. los; Rock
Island. Denver. Texas & Fort Worth. Lack
awanna, Norfolk g. Western preferred
and st. Paul. IA each: Consolidated Gas.
lis; Hooking Valley and Canadian Pacific,
per cent. each, and the others fractional
amounts.
Railroad bonds showed the same broad
ening of the interest il the market as
stocks. but there was a small aggre-
gate to the business done, and the
sales of all issues reached only
sSssd thougn Was usarv sSs t%Ga 9%SsF that Of Of
yesterday. The Chicago, Burlington Il
Quincy fours were the only active bonds,
with sales of 100000. The market failed
to show the steady strength which marked
the dealings in shares, and several material
losses were sustained in different portions
of the list. These, however, were generally
In active issues, and were more than coun-
terbalanced by advances, which are rather
In majority tonight. The general list is
but slightly changed.
Government bonds have been dull and
steady. State bonds have been dull but
firm. Closing quotations were:
-Four per CT reg. 1877 lC., b. & Q.1O6la
Four per CT coup 127 &C., st. L. K P------ Is
Four and les reg 1o4 c., St. L. Il p. pref. 3sa
Four anda Leo coup10 05 y Fort Wayne
Pacific 6s of '95..-117lsl Illinois Central IL Il
Louisiana st'pd4s. 90isIL. b. & w.. Gig
Missouri 6s- 101 Il Lake Erie & West. IS
Tenn. new set. 6s- 100 IL. K. & w. pref 643s
Tenn. new set. 5s-102 Lake Shore -.106 "a
Mutual Union 6s .101 Michigan Central 81 So
stL. q IN gen. 5s S5l2lO. Il Mississippi. 23l4
stL &S.F. gen. M $40. & NJ. pref. 50
Adams Express. .-1 81 i2l Peoria, ID. & E.. 1888
Alton d I. H. A lPittsburg. -156
Alton a T. III. pref.1 Pullman Palace. 1874
American Express116 lU. 5. Express.--..- So
Ches. 4 Ohio 257slW., st. l.. & P. 174
&. * o. pref lists 64aIW., st. l.. & p. pref 325
Q. & u. pref DDS 43l2IWells * Fargo Ex.137
Chicago Il Alton -133 Western Union.. S1as