The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-31
CONDITION OF THE MARKETS.
Light Trading by Spectators, with a
Firmer Tone for All the Cereals.
A Slight Advance in Values All Around
Narrow Fluctuations in Wheat-Proyis-
ions Steadier and Shade Higer.
MONEY. BONDS AND STOCKS.

Unusual Activity in Railway Bonds-Stocks
Strong and Active.
NEW YORK, Dec. 30.-Monev on call was
easy at q 93 per cent.
Primo mercantile paper, 405 per cent.
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were 81, 1852
shares, including the following: Delaware
Lackawanna & Western, 14.70O; Erie. 81, $50;
Kansas & Texas, 15625: Lake Shore, 80 1876;
Louisville g. Nashville, $500; Lake Erie &
Western, $500; Northwestern, 1880; New
York Central, 1927; Pacific Mall 6265;
st. Paul, 46, 100; St Paul & Omaha, 9033;
Texas & Pacific, $500; Union Pacific, 1880;
Western Union, 13, 100 Northern Pacific pre-
ferred, %, 100; Oregon 6 Transcontnental IA, 1875
Government bonds we're active and firm.
State bonds were active and firm.
Railway bonds were unusually active. The
There was also a very widely distributed bust
ness in others on the list. With few exceptions
prices are higher the gains in many cases being
material. Erie second consols reached the high.
est price at which they have sold this year, SO,
. gain of q; West Shore fours were also con-
spicuous for their activity and strength. selling
up to 103 and closing lower, with gain of IL
Texas & Pacific Rios are up Il. The Missouri,
Kansas g Texas issues showed fractional gains.
Houston & Texas is up q; l., B. & w. firsts, II;
New Orleans & Pacific frsts. coupon off, Il;
Ohio Southern firsts, /, and the incomes. /.
Stocks were strong at the opening, and some
what more active. First prices were generally
! to per cent. higher than last evening. A
somewhat irregular movement in the early trad
ing resulted in decline of to ] per cent, but
this was soon checked, and the market was
strong throughout the forenoon, reaching the
highest quotations before noon. Throughout
most of the afternoon the tendency was slowly
downward. The declines. however, were only
small, light business, and during the last
hour, and especially the latter part OF the hour,
renewed frmness was the feature, the market
closing generally at an advance of to
per cent. over last evening. The extreme fiuc-
STATIONS, with few exceptions, did not exceed
per cent. There has been unusual trading for
the past two or three days in st. Paul, and the
stock shows a gain this evening of Il. The
common. which was the most active on the list,
was up per cent Northwest is unchanged
The Vanderbilts were conspicuous for their
frmess, and West Shore tonight is H. and New
York Central per cent higher Considerable spec
lation has been INDUCED in todayas to the amount
Of the next New York Central dividend and the
dividend onsseveral thousand shares oflstock was
sold this afternoon at 3 per cent, the purchasers
dend tomorrow. The Omahas were con-
spicuous for their strength; the common shows
a net gain of II. and the preferred is
bup-1 per cent. There was good business in
Erie common, but the fluctuations were within
a range of per cent The stock is higher
than yesterday. Lackawanna sold ex. dividend
of L., and is up J. The total sales for the day
were 81, 452 shares The recent strength in
Lake Shore is attributed, at least in part, to an
impression that the directors would declare a
dividend tomorrow. 1t is stated this evening"
however, that the Vanderbilts and their associ-
ates are opposed to any dividend at present. and
it is thought will be declared A large
shipment of New York Central stock and Erie
second consuls was made this week to Europe by
a prominent German house here.
The market closed with the following prices
bid: