The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-24
NONE. BONDS AND STOCKS.

Further Decline I'm the Volume of Trans
actions, the Market Closing Steady.
NEW YORK, Dee. 23-Money on call was
easy at Sac per cent, closing at per cent.
Prime mercantile paper, 405 per cent
Sterling exchange was dull but steady and IN
changed
The total sales of stocks to-day were 198.375
shares, including the following: Canada South
ern, 8, 900 Delaware Lackawanna e. Western,
IA, 300; Erie, $500; Lake Shore 6,295; Louisville
& Nashville, Ii, 260; New Jersey Central %, 020;
Reading, 49, 720 st. Paul. 13 49, Texas Pacific.
$500; Union Pacific, 5,43O; Western Union, 9,265;
Hooking Valley. 1926
Government bonds were dull and steady.
State bonds were neglected.
The volume of business in stocks showed
still further decline The attendance at the
board was unusually small, and the dealings
were confined almost entirely to the room and
professional traders. The small activity dis
played was confined to three or four special
stocks and the usual leaders OF the market were
dull and listless throughout There was fair
business in the FIRST half hour only, during which
time slight effort was made by the bulls to
advance quotations. which were supplemented by
some little buying by the foreign houses.
Louisville & Nashville was the most oons picuous
feature of the dag, and the official denial of GER
tain unfavorabe reports in regard to the COM
pany was factor in advancing its prices. Read
ing and jersey Central were the prominent weak
stocks of the day, the former being affected by
the announcement that holders OF the general
mortgage bonds and the first series fves were
opposed to the plan. Jersey Central was the OBJ
ject of special bear" attacks throughout the
afternoon, and several lots at sixty days sellers
options were put out at about below the mar
ket. Considerable comment was caused by the
sale of 100 shares of Dubuque &
Sioux City at par, an advance OF 10 per cent
aver the last previous sale. The opening
was quiet and somewhat irregular though gen.
srally firm the majority of stocks showing ad-
vances over last evenings final figures of to !
The activity disappeared after the first half
hour, during which considerable strength was
shown by Louisville & Nashville, Jersey Cen
trail and Colorado Coal The short squirt was
followed by extreme dulness throughout the
list, and prices became heavy, Jersey Central
being the leading stock There was little
movement to prices until after l F. M,
when the downward movement gained
strength. There was slight rally
in the last hour but the market closed barely
steady at fractions better than the lowest prices
Sales, 195,475 shares of which Reading fur
nished 80, 700; Jersey Central, %, 020; st Paul.
19,475; Louisville 81 Nashville. II. 260 and Lack
awanna, 14300 Final prices show irregular
changes, which, in the active list. do not exceed
either way.
Railroad bonds were less active; sales. $685.
600. Prices were firm in the forenoon, but
weakened toward the close and final prices
show irregular shanges. Chesapeake & Ohio,
series b, coupon off, lost II, at 75s; Jersey Cen
trail convertibles. 81. at log; the debentures, %.
at 70; Delaware 81 Hudson. Is of 1891 q. at ITO;
Houston & Texas general 6s rose, 2 to r. Clos
inc Ouotations were: