The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-14
CONDITION OF THE MARKETS.
Wheat Proves Uninteresting, and Finds
No Favor in Speculative Minds.
Corn Slightly Firmer for the Deferred OPP
tions-Increased Firmness. Followed by
Higher Prices for Provisions.
MONEY. BONDS AND STOCKS.

Moderate Activity in Railway Bonds-A
Heavy Decline in Prices of Stocks.
NEW YORK, Dec 12.-Monev call was
easy at II a2s per cent.
Prime mercantile paper, 465 per cent.
Foreign exchange was quiet and unchanged.
The total sales of stocks to-day were 81, 974
shares, including the following: Delaware,
Lackawana & Western, 1926; Erie. 30, $50;
Lake Shore, 142, 40; Louisville & Nashville Is.
200 Northwestern, 20,475; Pacific Mail, %, 600;
St. Paul 81, OBS; Texas Pacific 16, 425; Union Pa
eiic. "a. 405; Western Union, Is. $50; Northern
Pacific preferred 81, 145; Oregon & Transcon-
tinental, 1858.
Government bonds were dull and steady.
State bonds were dull, but strong.
Railway bonds were moderately active in a
few of the speculative issues The total sales were
$3,243, 900, West Shore receipts contributing
$500. 600; Erie second consols, 1858, 900; Nickel
plate firsts 100000; Texas & Pacific, Rio
Grande division, $3.50 00O The total sales for
the week were $l9, 100000, an increase over last
week of 100000
There was a 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 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 o-day's results. Early
IN the day it was reported that a new
issue of bonds, amounting to $50, 600, 900,
was to be made by the Lake Shore,
the alleged object being to take care of the bond
cd Indebtedness Of the Nickel plate. That stock
was decidedly weak, selling down from SCH to
64s. Later in the day the papers published a
synopsis of the Vanderbilt will. The interpreted
tion was 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
"bulls' suddenly turned and sold their stocks.
Very decided weakness was also developed in
Pacific Mail, following reports that Congress
certain to support the Postmaster general,
and that the company would be deprived of any
future subsidy. Pacific Mail closed with a loss
of 81, New York Central l, Northern Pacific pre-
ferred %, Omaha common 81, Northwestern q
St Paul Ii, Western Union 1 /, Missouri Kansas
IL Texas /. Louisville q Nashville and Missouri
Pacific each 1, Oregon Navigation (, Reading I,
and Union Pacific ). Chicago, Burlington &
Quincy was conspicuousy active, and, with a
stock that shows gain. The total sales were
1000 shares Lake Shore alone contributed
I42, 700 shares; Lackawanna rs, 200, and there
were Gales of $1,000 in St. Paul. Prices this
evening, compared with week ago. are gener-
rally down from fractions to over per cent,
with loss of u in Texas g. Pacific; Pacific Mail
and Lake Shore each lost 3d. Northern Pacific
preferred 81; Northwestern, II; Canada Pacific.
louisville & Nashville and New York Central,
each Al; Union Pacific Al; Erie. NJ. K. & IT,,
each 49, 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: