The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-25
CONDITION OF THE MARKETS
light Transactions in Wheat, but the
Market Shows a Very Firm Tone,
FUSED by Favorable Advices from European
Marke:s-COrn Quiet and Steady, PrOvis-
ions Higher, Closing Very Steady.
MONEY, BONDS AND STOCKS.

The Market Dull and Listless, with the SMALL
est transactions of the Year
NEW YORK, Dec. N.-Money on call was
'asy at sos per cent, closing at 3 per cent
asked.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull but steady 81 70!
FOR sixty days, and 81 SO! for demand.
The total sales of stocks to-day were 10 1914
shares including the following: Delaware.
Laekawanna & Western, 79O0 Lake Shore,
B,O65; Louisville & Nashville. ALSO; New Jersey
Central, 1O,49O; Reading, $500; st. Paul. 7,4l0
Western Union, 9, 740; Oregon & Transconti
3ental, 1910
Covers nent bonds have been dull and firm.
State bonds are dull and steady.
The stock market to-day, in consequence of
tomorrow being Christmas. was excessively dull
and without special feature. A large proper
ion of the brokers were absent. and those who
ttended the board gave as much attention to
The buffoonery usual at this time as they did to
trading in stocks The transactions were nearly
monopolized by four stocks-Jersey Central,
New England. Reading and ST. Paul. The
former was conspicuously strong in the early
trading upon considerable covering of Shorts"
but in no other stock was there an important
movement during the day, with the single excep-
ton of Tennessee Coal, which rose 2 per cent,
but afterward lost the advance The strike
on the Louisville & Nashville adversely affected
that stock in the early morning, but the slight
loss after the opening was later recovered. The
opening was weak, declines from last evenings
6nal prices ranging up to per cent the
latter in New England. There were some
aurther slight declines in the early
trading. in which Louisville s. Nashville was
the leader. The rally which followed was led
by Jersey Central which quickly reached the
highest prics of the day, after which the market
dropped into dull and listless state. in which
the hutuatons were measured by very small
fractions, and in no case did they possess any
lignifcance. The market finally closed. as It
had been throughout the day, extremely dull
and steady The business done was the smallest
FOR the year. amounting to only 70, 1914 shares.
Railroad bonds were slightly more active on
sales of ST. 043. 000 The improvement. however,
was entirely due to the increased trading in
Denver & Rio Grande fours, in which the sales
were $242 600 The only special feature was the
advance in Shenandoah Valley frsts upon the
decision of the master, which invalidates
large portion of the issue. In the remainder of
the list the same dullness and apathy that pre-
vailed in the stock market was noticeable, and
final prices show slight changes only. Closing
quotations were:
Threeper cent bondslOoaa Louisville & Nashville Gals
-Four per cent bonds. l2S5sL.. II. A. 81 c. GO
-Four and half per c. ll0la Mar & Gin. LIST pref 49,.
Pacific 6s of '95. 1858 Mar. & Gin. seconds 49,
Louisiana consols. s2l2 Mem. & Charleston. ~
Missouri 6s----- lob Michigan Central. -. 80 z
Tenn settlement 6s l07 Mimi g. ST Louis 1S
Tenn. settlement IS 100 Mimi & St L. pref ~
Tenn Settlements. 79ia Mo. Pacific, ex. div. JOS u
Central Pacific lists. l16le Mobile & Ohio. ...l IS
Den. & Rio g. lists :. 1l9l2 Morris s. Essex..l 1913
DEN. & r. G.. w. lists rs Nashville Chat. 1919
Erie seconds 9Sl9 New Jersey Central. 50l2
~. K. & Z. gen. 6s. % Norfolk & W. pref. - 40
Northern Pacific lsts.1lS Northern Pacific. 81
Northern Pacific DDS. 1903 "A Northern Pac pref. go
Northwestern consosl39 Chi. d Northwestern 3l2
Northwest debsnt. 5s.l0S 70. & Northw'tn pref. 40
St L. & S. +. gen. m II 212 New York Central 1924
ST. Paul consols 1872 Ohio Central
StP. Chi. g. Pac. 1stsIl9 Ohio s. Mississippi 27A
Texas Pee I'd grants. So Ohio & Miss pref - g0la
II. p. r. G. ex. coup. 75i2 Ontario & Western 1910
Union Pacific hrsts- .1j0l2 Oregon Navigation lOO7e
West Shore l04 "A OrAg'n e. Transcont 3l3i
Adams Express 1875 Oregon Improvement 40
Allegheny Central . Pacific Mail 48
Alton & Terre Haute. 30 Panama - ps
Alton Il T. II. pref. 81 Peoria, d. & E 2sa
American Express. l07 p Pittsburg ...l47
B.. O. r. e. NJ SIS Pullman Palace Car l38la
Canada Pacific $3.50. G6s4 Reading . 33la
canada Southern. G2Ts Rock Island $3.50 1851
central Pachc ~ st. L. a. San Fran. 81 a
hesapeake q Ohio. 0ltS,. L. & San j. pref. 90 a
n O. pref irsta l5lzlSf {. &S n ST preflta