The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-12
CONDITION OF THE MARKETS,
Unsettledand Nervous Feelingin Wheat,
Followed by Rapid Fluctuations.
Prices Decline Slightly, but the Loss Is Re-
covered and the Market Closes Firm
Provisions Active and Stronger.
MONEY. BONDS AND STOCKS.

A Quiet Day in Railway Bonds-The Stock
Market in Control of the "Bears."
NEW YORK, Dec. 1L-Money on call was
easy at 92s per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was dull, but strong at "a. "a
for-sixty days and 81 sc for demand.
The total sales of stocks to-day were $40, 68l
shares, including the following: Canada South
ern, 5000; Delaware. Lackawanna g Western,
att Erie, 1920; Kansas & Texas 5000;
Lake Shore, GA, $50; Louisville & Nashville, o.
no; Northwestern, 80. 400; New York Central,
IS 900; Pacific Mail 10. $40; Reading 1900; st.
Paul, 65, 900; Texas Pacific, 34,227; Union Pa
eifc, &c. u.s. Western Union, 19,025; Northern
Pacific preferred, 22640 Oregon & Transcon-
tinental, 1892.
Government bonds were dull and steady to
day.
State bonds were dull but steady.
The general railway bond list was quiet but
there active trading in few of the specu-
lative issues. The total sales were $3,2l8, 000
Texas Pacific irsts. Rio Grande division, coupon
of, contributed $685. 900 of this, and closed un
changed. Erie seconds, with sales of 1928. 600,
declined z.
stock market this morning, and first prices were
generally from to per cent. lower than the
closing figures last evening. with exceptional
declines for greater amounts. The business of
the first hour was very active and during the
first thirty minutes there was further decline
of fractions for the general list, and over l per
cent in a few instances. During this time the
lowest prices of the day were generally made.
A rally before IL o'clock was followed by another
effort to depress quotations, which was success
fv11 lvy cd ayfo nd hat fty,oa
with only moderate reactions, the market
moved slowly but persistently upward reaching
the highest price late in the afternoon, and
closing generally within as of the best figures
of the day. The "bear" points in regard to
Texas & Pacific and other Southwestern securi-
ties were widely circulated this morning leading
to decline In Texas & Pacific of nearly 2per
cent, and in Missouri Kansas g. Texas of Il
per cent The Vanderbts, the grangers and
other issues received material support, and,
without the circulation of any important news
the execution of continuous buying orders re-
suited in the early check to the decline, as stated,
and the subsequent advance. The total sales
were 570680 shares The conspiculously active
stocks were Lackawanna, St. Paul, Lake Shore,
NJ, X. 81 T., Texas Pacific, Northwestern, Union
Pacific, Northern Pacific preferred, and
Louisville s. Nashville Lackawanna
assumed conspicuous position in the
dealings, especially during the afternoon when
after selling at 1914, it to 1881 and closed
lower with net advance of q, with sales that
exceeded anything else on the list The other
net gains were for fractional amounts, and the
exceptions to the advance among the active
stocks were NJ. K. 6 r.. which shows net
loss of g. Texas Pacific Is; Central and u P. +;
and l.. s. N. and Northern Pacific
preferred, each !. Northwestern is I'M
changed at 1889. The report published
today showing the gross earnings for
che FIRST week in December, gives an increase of
$4,000 over the same week last year.
The market closed with the following prices