The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-24
CONDITION OF THE MARKETS.
Cold and Freezing Weather Causes a
Sharp Reaction in the Wheat Pit,
and Exercises an Opposite Influence on Corn
Provisions Quiet and Slightly Higher
at the Closing Of the Board.
MONEY. BONDS AND STOCKS.

Small Transactions In Railway Bonds-The
Export of Goid--Stocks Irregular.
NEW YORK, Dec 3D. Money ON call was
easy at p a3 per cent
Primo mercantile paper 405 per cent
Foreign exchange was dull at $4 SO for sixty
days, and 1885, for demand.
The total sales of stocks to-day were 40l, 23l
shares, including the following Delaware,
Lackawanna & Western, "a, 1913; Erie. 10,515;
Kansas & Texas 2e,920; Lake Shore, As, 470;
Louisville g. Nashville, 12,260; Northwestern,
24,600; New Jersey Central, 1000; New York
Central $500; Pacific Mail, 1880; st. Paul,
41,450; Texas Pacific, 4,730; Union Pacific IL,
40; Western Union. ll,600; Northern Pacific
preferred, %, 260; Oregon & Transcontinental,
$3.50.
Government bonds were dull and steady to-
day. except the threes, which were active and
strong
State bonds were quiet and about steady.
There was a better distributed business in
railway bonds than for some time, but the total
sales were less than usual, amounting to only
81, 600 600. The business was mostly Of q retail
character.
The scare caused by reports of heavy ship
ments of specie to Europe proved only ephem-
eral The sudden advance made yesterday
for sterling bills. this evening, are below the
prices at which shipments can be made without
loss. 1t is probable, however, that $780,
900 will be sent oil the steamer Adriatic
tomorrow, arrangements having been made
for that amount by Brown Bros & Co.. who
state however, that it is still possible for the
shipment to be deferred or abandoned. Another
shipment of 800, 900. il is stated, will be made
ON Tuesday next by another banking house.
Great interest was felt in stocks this morning.
0uaratar1 Q0upht throuph the OnpniuO
tons, to discover the effect Of yesterday s
rumors Opening figures were generally to 4
per cent below the final quotations yesterday,
but the lowest prices were made either
ut or soon after the opening. There
was some hesitancy for short time, and
then the market started upward, advancing
throughout the forenoon, during which time
nearly all of the really active stocks rose from
20 L. Lackawanna gained 2 per cent. . During
this advance the market was active, but after
midday it became quiet and slowly declined, los
ing the greater part OF the forenoon's advances
before o'clock. At about the beginning of the
last hour there was slight rally and then an
irregular movement considerable fevershness
being developed in Lackawanna and Texas q Pa
eifc, with small declines also in the grangers
The market closed generally weak at only
slight changes from last evenings figures,
the advances and declines being about equally
divided, except in a few instances where there
were losses of l to Ii per cent Louisville g.
Nashville conspicuous for its weakness
during the middle of the day, selling down from
at Az but the stock closed at &c higher, with
q net loss of per cent. Texas & Pacific yielded
slowly from 124 to IL before IL o'clock. In the
last hour it broke to 10 and closed at 1O3 a
loss of per cent. The total sales for the
day were 4Ol. 200 shares, but over go per cent Of
this was in half dozen Observation-Disclosures
Lake Shore, St. Paul. Missouri, Kansas &
Texas. Northern Pacific preferred and North
western. The Vanderbits were strong all day. at
no time selling below the opening quotations
Lake Shore was the second most active stock on
the list: it rose Ii, but in the afternoon lost J
and closed with gain over last night of 3. New
York Central shows an equal advance on small
business.
The market closed with the following prices
hs1.