The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-20
CONDITION OF THE MARKETS.
Dull and Easy Feeling in Wheat,
with an Absence Of Outside Trading,
The Market Finally Closing Trife Below the
Prices of Friday-0ats Steady and Easier
Provisions Very Dull and Lower.
MONEY, BONDS AND STOCKS.
7ubsidence of the Pressure to Sell, Followed
by Increased Strength.

HubSldonCe OF the PRESSURE CO sell, rOlloWeu
by Increased Strength.
NEW YORK. Dec. 18.-Money on call was quiet
anging from 20s psr cent. closing at 2
Prime mercantile paper, 405 per cent
Sterling exchange barely steady at $479 for
sixty-day tis and SASS for demand.
The total sales of stocks to-day 3O4. 833
shares, including the following Canada Southern,
10, O0O Delaware, Lackawanna & Western q. 040;
Erie, Is, $50; Kansas s. Texas, $500; Lake Shore,
III, $50; Louisville & Nashville, 1O605; North
western, A. 790 New JerseyCentral $3.50; Reading,
OF 1872 Richmond s. West Point, 1850; Hooking
Valley, $3.50; st. Paul, 80, AGO. St. Paul & Omaha,
$1,000 Texas Pacific. 5,s40; Union Pacific II, 4SS;
Western Union. 6,255.
Government bonds were dull and firm
State bonds were dull and steady.
The stock market exhibited marked change from
theprevous days of the week and instead of the pres
sure and rush waiting tendency developed which
confined fluctuations within a comparatively small
ange and restricted transactions to such extent
that the business of the day foots up but little
half of the smallest of the other days of the week.
Money ruled comparatively easy. the highest rate
obtained being 8 per cent. The market during the
forenoon extraordinarily quiet, and prices
on lower level than those of yesterday,
sut after the publication of the bank
statement. which regarded as favor
able to lower rates for money in the immediate fut-
nre the bulls made special efforts to advance prices,
and in some notably Manhattan, New England
and Susquehanna d Western were remarkably
cessful Foreign houses did very little trading for
the most part being confined to the professionals and
traders, and consequently possessing little sig
Aifcance Reading the active stock, but its fuc-
tuations unusually narrow and it ended at the
price that it did last evening. New England was
of the conspcuously strong stocks of the after
noon the improvement being principally upon
shat the party were endeavoring to retain Mr..
Clark in the presidency Hooking Valley also
lonspicuously strong upon reports that the books
would be closed for election Monday, and that
director Susquehanna 81 Western was strong upon
the prospects under the reorganization scheme.
The opening fairly steady; changes from
last evenings quotations being confined within
Il per cent. either way. There was no
animation whatever to the trading and before
early transactions made at declining figures, but
firm tone soon developed and by noon the early
losses lad generally been recovered. In the after
aoon, however, decided strength shown
9aned by increase in the amount of business done.
Reading and st. Paul the only really active
the latter 80 420 shares The total sales of the day
304 S33 shares The final changes generally
in favor of higher prices the only important decline
being in Tennessee Coal which lost 214. Chatta-
ncoga gained per cent, Hooking Valley and Cam
erou Coal &c. EACH
Railroad bonds were dull sales, ST, O64. 900.
Prices were generally firm. and almost invariably
show advances. The active issues West Shore
fours the sales of which 600 and Atlantic
b Pacific incomes. with $l03 600. The Atlantic &
Pacific frsts gained 4. TO 80; Louisville s. Nashville
sonsols 3l4 to ] 10: West Shore registered fours 9
TO 1O4a; Ohio & Mississippi sinking funds 2, to 81
and Lafayette Bloomington & Muncie incomes,
10, to 20. Closing quotations