The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-17
CONDITION OF THE MARKETS.
Wheat Continues Heavy, and the Chi
cago Exchange Is Bare of Features.
Commission Men Complain that Speculation
Is at Very Low Ebb-Corn Depressed
Weak Feeling in Provisions.
MONEY, BONDS AND STOCKS.

Well-Distributed Business in Railway Bond.
Stocks Active and Strong.
NEW YORK, Dec 16.-Monev on call wa.
easy at II a2l per cent.
Prime mercantile paper 405 per cent.
Foreign exchange was quiet and unchanged
The total sales Of stocks to-day were CO. 75i
shares, including the following: Delaware
Lackawana & Western, 597s7 Erie, 3d. 1915
Kansas & Texas, LOG, 900; Lake Shore, 1920
louisville & Nashville, IL, 800; Missouri Pacific
1890; Northwestern. 30,550 New York Central
10, $780, Pacific Mail, Is. 700; ST. Paul, g. 22S
Texas Pacific, 1860; Union Pacific, 1880
Western Union. 30,575; Northern Pacific pre-
ferred, Al, 27O Oregon & Transcontinental, IT, 125
Government bonds were active and strong to-
day.
State bonds have been neglected.
The business in railway bonds to-day was bet
ter distributed than for some days past; the
total sales were SO, 434 900. The Texas Pacific
Rio Grande division, frsts coupon off. fell from
40 to AZ in the forenoon, but rallied later, on
large sales, to SOL, closing at A9a, gain of pei
cent The land grants are up 2, at 80. West
Shore receipts, with sales OF 1887, 900, closed
with an advance of per cent There were sales
q gain of L. The Missouri, Kansas &
Texas consolidated SKIES are up per cent. and
the sevens per cent Nickelplates frsts are a
shade lower, at 81
Stocks were again active and strong to-day.
The total sales were 620,575 shares Missouri,
Kansas & Texas, ST. Paul. Lake Shore, North
western and Northern Pacific preferred con-
tributed nearly 60 per cent. of the days business
After firm opening and some hesitation in the
carly dealings. with more or less irregular
movements the market steadied and was
firm at midday, at fractions above last even
ing's closing. During the next hour there
was decline, during which a large por-
ton of the early advance was lost,
but from that time until 3 P. NJ. the market was
conspicuously strong, and advanced from frac-
tons to over per cent. It closed strong at
about the best prices Of the day, and at an aver
age of over per cent. above last evenings final
figures.
At the time the "street" became aware that a
receiver had been appointed for the Texas Pa
cifc that stock was selling at little above IL,
bat following the announcement it rallied over
/ per cent, and closed with o gain of l.
Missouri Pacific, which. prior to the announce
ment, was quiet below 10Y. rose to Ill, but
was very feverish in tho final dealings, closing
at 109s-a gain of 81 per cent. The street &C
eepts the placing of Texas e. Pacific in the
hands of receiver as the first step towards a
closer alliance, with possibly ownership by the
Missouri Pacific. and hence the advance in the
latter stock. There was very heavy trading in
Missouri Kansas & Texas. the sales amounting
to LOG, 900 shares, and was accompanied by an
advance from 3O4 to 33s. The stock closed with
q gain of q per cent at 49, on a moderate
business. Pacific Mail rose to 614c, gain of q
At the monthly meeting of the directors, to-day,
the treasurer's report showed, for the six months
ending Oct 81. that its net earnings amounted
to 1886, les. Union Pacific was heavy, unfa-
vorable reports of earnings for the past quarter.
and shows gain of only g. Oregon Navigation
sold all day, under the new rule, ex-dividend.
The market closed with the following prices
bid: