The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-13
OF THE MARKETS.
Wheat Proves Uninteresting, and Finds
No Favor in Speculative Minds.
Corn Slightly Firmer for the Deferred OPP
tiens-Tncreased Firmness. Followed by
Higher Prices for Provisions.
MONEY, BONDS AND STOCKS.

SKoderate Activity i'm Railway Bonds-A
Heavy Decline in Prices Of Stocks.
NEW YORK, Dec I2-Monev on call was
sasy at IL s2s per cent
Prime mercantile paper, 405 per cent
Foreign exchange was quiet and unchanged.
The total sales of stocks to-day were 57l, 94
shares, including the following: Delaware,
Laekawana & Western, 1926; Erie. 29,55o;
Lake Shore, I42, 40; Louisville & Nashville, 49,
2o0 Northwestern. 20,475; Pacific Mail %, 600;
Gt. Paul. 81 035; Texas Pacific, l6, 425; Union Pa
eiic, "a, 405; Western Union Is. $50; Northern
Pacific preferred, LAS; Oregon & Transcon-
tinental, 1853
Government bonds were dull and steady.
State bonds were dull, but strong.
Railway bonds were moderately active in
fsw of the speculative issues. The total sales were
e5,243 OOo West Shore receipts contributing
$3.50, 600; Erie second consols, $685. 0O0 Nickel
plate frsts, $500 000 Texas & Pacific, Rio
Grande division, $3.50, 600. The total sales for
tie week were $19,2l6o0e an increase over last
week of $210, 900.
There was heavy decline in stocks to-day
After strong opening, which showed advances
for the active list of to ) per cent, and which
were about the highest quotations of the day,
there was a decline until the close. At times
the market was extremely active, especially
when it was most conspicuously weak, and the
reactions were accompanied by dullness, and
only slight reactions Several causes have
operated to produce to-days results. Early
iE the day it was reported that new
issue of bonds, amounting to $50, 600, 600,
was to be made by the Lake Shore,
the alleged object being to take care OF the bond
ed indebtedness of the Nickel-plate. That stock
was decidedly weak selling down from 863 to
az. Later in the day the papers published
synopsis of the Vanderbilt WILL The interpreta-
tion made that the bulk Of the fortune had
been left in such condition that it was liable to
come on the street at any time. and many old
sbulls' suddenly turned and sold their stocks.
Very decided weakness was also developed in
Pacific Mail, following reports that Congress
was certain to support the Postmaster general,
and that the company would be deprived of any
future subsidy Pacific Mail closed with loss
Of 81, New York Central l. Northern Pacific pre-
ferred g. Omaha common q, Northwestern g,
St Paul II, Western Union IL Missouri Kansas
ID Texas g. Louisville & Nashville and Missouri
Pacific each ], Oregon Navigation &. Reading !,
and Union Pacific (. Chicago Burlington &
Quincy was conspicuously active, and, with
net advance of per cent. is the only active
stock that shows a gain. The total sales were
a7I,O00 shares. Lake Shore alone contributed
Ia, 100 shares; Lackawanna, IS, 200, and there
were sales of $1,000 in ST. Paul. Prices this
evening, compared with a week ago. gener
rally down from fractions to over per cent,
with loss of u in Texas & Pacific; Pacific Mail
and Lake Shore each lost ST. Northern Pacific
preferred 81; Northwestern, 4; Canada Pacific
each Al; Union Pacific, Al; Erie M, K. & t.,
vach Is; St. Paul. 81; Jersey Central, 81, and
Western Union. 3 per cent The total sales for
the week were 3, $50, 730 shares
The market closed with the following prices
bid: