The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-16
CONDITION OF THE MARKETS,
A Weak Feeling in Wheat, Though
Prices Are Practically Unchanged.
Corn Shows Similar Features, Accompanied
by Light Trading-0ats Quiet and I'm
changed-PrOvision Higher.
MONEY, BONDS AND STOCKS.
Day of Great Excitement and Enormous

a Oay OF Treat EXeIteInene ana enormous
Transactions the New York Exchange
NEW YORK Dec. 15.-Aioney call was extreme
y strong, with active demand, ranging from 10
per cent. per to Il per cent per diem and in
lercst The last loan was made at ls per cent. and
Interest. closing offered at Is and interest
Prime mercantile paper, 405 per cent.
Sterling exchange dull but firm at 81. 80 for
sixty-day bills and $4. 8314 for demand.
The total sales Of stocks to-day were l. 1873 534
shares, including the following: Canada Southern.
26,975; Delaware, Lackawanna s. Western. 1902 $40;
Delaware & Hudson, 1907; Erie, 81, CTS, Kansas &
Texas. 1928; Lake Shore 36.075 Louisville &
Nashville, 47,S6o, Missouri Pacific, 1885, New
Jersey Central 80, 400 New York Central, 1s, 2s5;
Northern Pacific, 1890; Ohio & Mississippi 10 1875,
tactic Mail, Ia, sos; Peoria, Decatur g. Evansville,
B,95oI Reading, 1si ,oe5i St Paul, 70,6l0 ST. Paul
s. Omaha, 16, $50, Texas Pacific 10, 900; Union Pa
ci6c, $4,000; weaSrn Union, 80 $685. Wabash Pa
ci6c. 400 Northern Pacific preferred. H. 500, Ore
gon B Transcontinental 1431o; Richmond g. West
PoEA II, 900; Hooking Valley, 1856
Government bonds were dull and weak.
State bonds we're dull and steady
Over one million shares was the total business in
stocks to-day which has never before been equalled
IN the history Of the Exchange, and but seldom APP
preached. The at the opening of the Stock Elk
Shange this morning was one of the widest ever wit
aessed there For several minutes the entire floor
was crowded with knots of brokers surging from
side 70 the other, all seemingly bent selling stocks
Prices dropped with such rapidity to demoraize
brokers who had buying orders, and little heed
was paid to fractions In making sales. Declines in
the first few minutes ranged up to per cent. To-
ward the end of the first hour slight rally occurred
the grangers trunk lines and Union Pacific display
ing considerable strength The market was feverish
and irregular. however, and another slump soon fol-
lowed New England and Reading leading the decline.
The extreme activity was largely decreased after
IL O'Clock. accompanied by slight reeoveries in
stocks. The downward movement, however, was
again resumed Manhattan assuming the lead In the
last hour general rally took place, and material ad
vances over the lowest figure mere recorded. The
market closed active but firm at the recovery. The
total sales of the day were 1.08S, 434 shares of
which Reading furnished 1SI, 065 Lackawsnna.
IQ2, $40; St, Paul 70 $780, Western Union, 50 500;
New England, "a, $780, and very large business in
the remainder of the list Jersey Central is the only
stock the active list showing advance It's gain
for the day being 3d. New England lost 8le West
Point, 6ss; Reading, 514 Manhattan and Tennessee
Coal & Iron, per cent. each Omaha, 4le Missouri
Pacific 37e Canada Southern. ga; Lackawanna
5sa; Hooking Valley. 3ss; Pacific Mail, 3l4; Michi-
gan Central 3, and others from / to per cent
Railroad bonds were completely overshadowed by the
excitement in the share market, and with the excep
ton of few speculative issues the trading devoid
of interest Erie second consos, Atlantic & Pacific
ipcomes Fort Worth 81 Denver fxsts, Denver & Rio
Grande fours, Hooking Valley consols and Texas Pa
cfc income trust receipts absorbed the entire inter
est among bonds. Prices however. sympathized
closely with the movement in stocks and with or
two exceptions weak throughout the day. Hook
ing Valley fves lost 2, at &c. Denver & Rio Grande
foars q at 76los Houston s. Texas Seconds g. at go;
Indiana. Bloomington & Western frsts g at 81; the
Eastern division skies. L. at 90 New York Central
skies. A 81, at lO1; Ontario q Western irsts q at
Jos; Nickelpate seconds, g. at g. and Texas Pacific
income trust receipts, 3, at 3d. Closing quotations
were;