The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-09
CONDITION OF THE MARKETS
Heavy Offerings of Wheat Cause an I'm
usually Sharp Break in Prices.
Corn Develops Considerable Weakness, but
Rallies Toward the ClOse-PrOvisiOns Act
i've, but Nervous and Unsettled.
MONEY. BONDS AND STOCKS.

Stocks Continue Firm and Nearly All Active
Shares Bring Higher Prices.
NEW YORK, Dec 8.-Money on call was
active at 409 per cent, closing at 405 per cent.
Prime mercantile paper 405 per cent.
Sterling exchange dull, but steady at
a. SOL for sixty-day bills and 81 49,. for demand.
The total sales of stocks to-day were 42S, 500
shares, including the following Canada South
err $50; Delaware, Lackawanna e Western.
rs, $50; Erie, 11,450 Kansas & Texas, SOLO,
Lake Shore, 1906; Louisville & Nashville, Al
las; Northwestern. $500; New Jersey Central,
6,130; Reading. 1880; ST. Paul, q. $50; St Paul
& Omaha 1850; Texas g Pacific. 1850; Union
Pacific, l,40O Western Union, 1926; Wabash
Pacific, IL 050 Oregon & Transcontinental. a. 52
Richmond g West Point s. 10O Hooking Valley,
1885.
Government bonds and State bonds were dull
and steady
Stocks continued firm, and nearly everything
on the active list Is higher tonight There was
no important effort to depress prices, and con-
siderable covering of shorts" put out in the last
few days was done. The business was the
fslong" account was mostly by the foreign
houses, their speclalties being St Paul, Read
ing and Louisville & Nashville. The i'm
provement in prices, while subject to several re-
8cttO0St continued tuFOuRlOuC the Ohy ana
gathered force toward the close. Reading was
hgain active and was weak in the forenoon but
the losses were recovered later in the day upon
the reports from Philadelphia of efforts by Mr..
Corbin to do away with the proposed assess
ment. Louisville g NASHVILLE, however, was the
'rue leader of the market. The heavy buvir::
by the foreigners on the increased earnings Of
the road stimulated its friends here, and it
moved up nearly per cent. New England also
attracted considerable attention. and in the
morning hours was remarkably strong upon
confidence in the future of the road, but later it
remained barely steady after a recession from
the best prices of the morning. The Wabashes
opened higher, but lost the advantage later in
the day, though there was a marked improve
ment toward the close. Laokawanna became a
special feature In the afternoon, upon the re-
fusal of the cour. in Pennsylvania to grant an
injunction against the coal companies. The
The Changers, Trunk-lines and Western Union
were all quiet but moderately strong. The
opersng was very irregular, with changes from
last evenings final prices ranging from to
either way. Business was comparatively light,
but prices were firm and strong, while the
Wabashes were remarkably weak. Norfolk q
Western and Louisville 8 Nashville also be-
came prominent for their strength, the market
quieting down toward noon. 1t remained quiet
and moderately firm until the last hour, when
the upward movement gathered strength, and
on an increased business the market closed
strong at or near the best prices reached
Sales, 42S6 96 shares Louisville & Nashville
furnished IL 1885, Lackawanna. %. $50; ST Paul
1880 All the active stocks are higher this
evening, though generally for fractions only
Louisville d Nashville advanced q, Lacka-
wanna Hooking Valley and Canada Southern,
II eachj Michigan Central, H. and Texas Pa
cihc. /.
The sales of railroad bonds were 81, 3S3, 600.
Erie second consols contributed $142, 900, and
Green Bay incomes $108, 000 Prices were gen.
orally heavy to weak, especially during the fore
noon, and last prices generally show declines.
Closing quotations were,