The Indianapolis journal., 1885-12-18
CONDITION OF THE MARKETS.
Wheat Rules Stronger, the Result of a
Sudden Revival in Speculation.
A Large Increase in the Number of Buying
Orders-Little Doing in Corn-PrOviSiOns
in Fair Demand and Strong.
MONEY, BONDS AND STOCKS.

n Quiet Market in Railway Bonds-Business
In Stocks Confined to a Few Issues.
NEW YORK, Dec 16.-Money on call was
easy at II 024 per cent.
Prime mercantile paper 405 per cent.
Foreign exchange was quiet at $4 "a for sixty
days and $4.874 for demand.
The total sales of stocks to-day were 500, 892
shares, including the following: Delaware,
Lackawana & Western, 3S, 40; Erie, %, 236;
Kansas & Texas 122, 595; Lake Shore, 65, 455;
louisville & Nashville, 10,260; Northwestern,
$3.50; New York Central, a. 409; Northern Pa
eifc, 8,10O; Pacific Mail, 1920; st. Paul. Ga,
100; Texas Pacific, II, ,062; Union Pacific 19, $40;
Western Union. $1,000; Northern Pacific pre-
fsrred, SO, 720; Oregon & Transcontinental,
H,7l7
Government bonds were quiet and strong to-
day.
State bonds were quiet and steady.
Railway bonds were rather quiet except for a
few issues The total sales amounted to So, $685.
0OO A conspicuous feature of the days busi-
ness was decline in Texas Pacific, Rio Grande
division, coupon off, from 514 to 45, with sales OF
,000 Erie second consols are down /, with
sales of $2990 900. West Shore receipts were
steady, with sales Of $345, 600. The Missouri,
Kansas & Texas issues were conspicuously
strong, and the skies closed with an advance of
per cent the fves. IL and the sevens per
cent Prominent among the declines were Ches-
apeake & Ohio SKIES, series B. coupon off, per
cent, and l., B. & W. irsts, l! per cent
A very large percentage of the business in
stocks continues to be confined to a few issues.
The trading in Missouri Kansas & Texas to-
day, amounted to 122, 600 shares, and there was
an active business in Lake Shore, st. Paul,
Northern Pacific preferred and Lackawanna.
The total for the five stocks mentioned was over
SO per cent. of the days business, which amount
ed to 500, 900 shares. The morning business was
extremely active, but thereafter it was more
quiet, although at no time particularly dull.
Opening prices were irregular, but generally
rather lower than the close last evening,
with exceptional declines in New York
Central of per cent There was considerable
feverishness and rregularity in the early deal
ings followed by an advance, at which time the
highest prices of the day were generally reached,
the gains from the opening ranging from frac-
tions to over per cent. Prices remained steady
to strong un til o'clock, and then became rather
heavier and yielded slowly during the remain
der of the day. The losses in number of in
stances at the close amounted to i per cent.
just at the close the decline was checked, and
the final sales in number of cases were shade
above the lowest figures. and the market closed
firm at the decline. The exceptional instances
of strength included Missouri, Kansas & Tex
as. Michigan Central, Missouri Pa,
eifc, Oregon Navigation, and, until
in the last hour, Pacific Mail. The last stock
mentioned, at 2 o'clock was selling at per cent.
above last evenings closing price, but it lost the
advance and closed only ! per cent. higher At
the opening, Missouri, Kansas & Texas showed
loss of !, at 334 1t advanced rapidly to 80,
but grew weak and closed at 33s, advance
of per cent. The Vanderbilts were heavy all
day, and at no time sold above the prices at
which they closed yesterday, and each shows a
loss of / per cent Canada Southern is also
down l. st. Paul l, and Norwestern Ii per cent.
The strength in Northern Pacific, was caused by
q report that they had disposed of a large
amount of land in the Northwest.
The market closed with the following prices
bid: