The Indianapolis journal., 1885-12-16
CONDITION OF THE MARKETS,
Activs Trading in Wheat, Accompanied
bya Nervous and Uncertain Feeling,
Caused by Easier Foreign Markets and the In
crease in the Visible Supply-Corn Easier
and Provisions Slightly Lower.
MONEY. BONDS AND STOCKS.

LESS Activity in Railway Bonds-Stocks Act.
i've and Higher for Nearly All Issues.
NEW YORK, Dec. 15.-Money on call was
easy at II a2a per cent
Prime mercantile paper, 405 per cent.
Foreign exchange was quiet and unchanged
The total sales of stocks to-day were 594, 800
shares, including the following: Delaware
Lackawana & Western 3l,5O0. Erie, 1896
Kansas & Texas, % 925 Lake Shore, 145, 500;
louisville & Nashville, 1850; Northwestern
1850; New Jersey Central, 7.51O; New York
Central II, 365; Pacific Mail, 12O27; ST. Paul.
90, 725; Texas Pacific, 21, ,62O; Union Pacific, 80,
go; Western Union. 24,S60; Northern Pacific
preferred, Al, l52; Oregon & Transcontinental,
1855.
Government bonds were active and strong to-
day.
State bonds were neglected.
There was less activity in some of the specu-
9stive railway bonds to-day, and the total sales
snow loss of nearly 81 900 OOO The aggregate
was 81, ,577, 900. The Union Pacific Rio Grande
division, coupons off, show gain of II per cent,
with sales of $460, 600. Erie seconds are up l
per cent, the transactions amounting to $317,-
O00 Nickel-plate frsts were steady at decline
OF per cenG
The persistent decline in stocks which was
she most conspicuous feature in the deal
ings Saturday and Monday, received a
decided check this morning. The excitement t
and extreme activity were confined to the first
hour, and the appearance of weakness was dis
persed long before midday. Union Pacific
Jersey Central and Lake Shore were most
conspicuous for the gains made Later there
was decline of fractional amounts, except
In few instances, where the losses amounted
A. 81 kahI Del e.
preferred and Union Pacific. This was again
followed, however, by good buying that contin-
ued to the close. The final prices were at or
within small fractions of the best of the day,
and ranged from to per cent higher than the
closing quotations last evening. The average
advance to-day is considerably greater than the
average loss yesterday AS was the case yester
day, the heaviest trading was in Lake Shore and
st. Paul. There was activity and com
parative heaviness in Northern Pa
swanna Union Pacific, Western Union,
Oregon & Transcontinental, Missouri, Kansas &
Texas, and Northwestern, and light sales for
the rest of the list. Among the many rumors
af1oat was the statement that the Vanderbilts
had come to an agreement to protect the price
Of the stocks left by their father, and that to-
days buying was largely for their account
Naturally, nothing definite could be learned in
regard to the matter. With sales of 154 566
shares, Lake Shore, after opening at ela, ad-
the afternoon, closing at "a, gain of ! per cent
New York Central, on small business, is up II
per cent. and Canada Southern per cent The
grangers were also very strong; Northwestern,
and St Paul each showed gains of Ii per cent.
Northern Pacific was unusually feve~r;;ssn.:, ard
after opening At 5S3 and selling ! higher,
yielded to 57s rose to 80, and closed with a net
gam oi ~ per c.nu
Wall street has been flooded with rumors in
regard to Texas & Pacific for week past. The
statement comes from what is considered to be
reliable source that the company last week,
permitted note to 60 to protest. which had
been given to the Missouri Pacific for money ad
vanced, one authority placing the amount of the
note at ST. S00O0o Unless the security holders
come Immediately to the relief of the Texas &
evitable, and rumors say that papers are now
being prepared for that purpose The stock
closed with loss Of per cent.-the only active
stock which shows decline
The market closed with the following prices
hid.