The Indianapolis journal., 1889-12-01
CONDITION OF THE MARKETS
Sharp Bresk in the December Option Also
Nay Wheat Higher, but December Lower
Uneasy Feeling in 0ats-Pork Dull.


lively Bear Rsid-Heavy slumps I'm Bic
Four and Sugar Trust.
NEW YORK. Nov. 30.-Money on call was
easy, rangingfrom 4 to 6 per cent. the last
lcsn being made at 4. closing offered at 3.
Prime mercantile paper. 5l207 per cent.
Sterling exchange quiet and steady at
t4s0s4 for sixty-day bills and s4.S5 for de-
mand-
The total sales of stocks to-day were 24o,-
521 shares. including the following: Atch-
ison. 1900; Delaware, Lackawanna g.
Western, $500; Denver, Texas e. Fort
Wortk. 4.soo; Lake Shore, 5000; Louisville
& Nashville. 4,S00; Missouri Pacific. 6.OO0:
Northwestern, 4.sO0; Northern Pacific pre-
ferred. 5000; Reading. 1880; Richmond &
West Point. 5000; st. Paul, 16,5O0; Union
Pacific. II. 500; Western Union, 5000.
The stock market to-day was inactive.
feverish, irregular and weak, and prices
are materially lower oil over the list than
last evening. notwithstanding the favora-
BILE bank statement. The ''bears1 were ex-
tremeIy active and aggressive, and large
amounts of shorts were put out, but the
heaviest liquidation seen for a long time
was INDUCED in. aud in few stocks prices
came down with q run. The trusts
were again prominent in the down.
ward movement. and while Chicago
Gas was forced off still further, it
became comparatively firm In the last
hour, and was supported at from TO 2
per cent. above the lowest figure. Sugar
took its place, however, and long stocks
came out literally and before the close OF
the session 50 was reached against 661s last
evening. The most important movement
IN the railroads was in c., c., G. & st. Louis,
and from dullness it sprang into activity.
while its price declined as rapidly as that
of Sugar. and it reached e61a before the
downward movement was checked, though
partial recovery took place in the last
few minutes. The drop was oceasioned by
the throwing over of block of stock held
in a. brokers Office for the account of
an operator who is in financial diff
culties- Among the other stocks of the
regular list. the declines from the best
prices generally ranged up to per cent !,
the most conspicuous being the Chesapeake
d Ohios and the San Franciscos, the first
preferred of the latter selling at SO against
1O6 two days ago. The railroad list was
quite strong for the first hour. bu t many
more margin. which precipitated upon the
market q flood of long stock toward the
close, breaking the market though the
final losses in most stocks is con-
tined to fractions. = Chicago Gas
was first in point of activity,
with 40. 315, and Sugar Trust next with SO.
leo. The entire list is lower. and Sugar is
down 6as; c., c., G.. & st. Louis, 81: Chi
cago Gas. 2; Tennessee coal. 2iq; Chesa-
peake q Ohio. second preferred, 1s4: Jersey
Central. liz; Denver. Texas & Fort Worth.
IL: Wisconsin Central, lie; st. Paul and
Burlington & Quincy, 1 per cent. each.
Railroad bonds failed to respond to the
activity and excitement In stocks and the
dealings of the two hours reached only
s611 ,0o0 while the fluctuations were
insignificant as rule and no tendency in
either direction could be noticed, the final
changes being about equally divided be-
tween gains and losses Northwestern de-
bentnres rose gig to 11112; Denver ~ Rio
Grande fyea 2 to Sc. The sales for the week
were S6.511 900. against S7.345. $50 last week.
Government and State bonds were dull
and steady. Closing quotations were:
ri los a 10ak,