The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-02
CONDITION OF THE MARKETS.
Heavy Dealings Among Wheat Specu-
lators, with a Strong Feeling.
Corn Strong, with More Life in the Specula-
tive Trading-Provision Active. Pork
Absorbing the Lions Share of Attention.
MONEY. BONDS AND STOCKS.

A Marked Decrease in the Business in Stocks,
c6mpaIlied by Better Prices.
NEW YORK, Dec. 1.-Money call was
active at 5010 per cent, closing at per cent
asked.
Prime mercantile paper, 405 per cent
Sterling exchange was dull and weak at 81 S0aa
FOR sixty day bills, and 81. 83s for demand.
The total sales of stocks to-day were 587, 1872
shares, including the following: Canada
Southern, 1885; Central Pacific, 1882; Della
ware Lackawanna & Western, l4,14O; Erie, 90
500; Kansas & Texas. H. $780, Lake Shore, 1893;
louisville & Nashville, $685.; Northwestern.
1000; New Jersey Central, IL 5O0 Ohio 6 Mis-
sissippi 410O Reading, 100 no. St. Paul, 80, 1870;
Texas Pacific, 1850; Union Pacific, 10, 255;
Western Union, Is, TAO; Northern Pacific pre-
serred, 1921; Oregon & Transcontinental, 4.3OO:
I Richmond & West Point, 9,45O; Hooking Valley,
IL. 700.
Government bonds were dull and steady.
State bonds were dull and firm.
Stocks showed marked decrease in business,
and though the morning hours were continu-
snce of yesterdays movement, the afternoon
saw general recovery and the close was strong,
generally at the best prices of the day The trad
ing was marked by much irreeularity and some
feverishness, though the market again showed a
strong undertone. London was heavy buyer,
especially Ia Union Pacific which led the mar
ket. Reading recorded larger number of shares
sold, but the latter is a half stock Union Pa
Sihc was influenced greatly by the report of the
government directors. The business in Reading
was only about half that of yesterday, and
the fluctuations, though sometimes violent were
confined within a range If only per cent.
There was more business in St Paul, and twas
remarkably steady when the remainder of the
list was weak. but it also failed to respond to
any great extent to the better feeling prevailing
In the afternoon The coal stocks, grangers and
Vanderbilts comparatively quiet except
Lake Shore, which was decidedly strong in the
afternoon. Central Pacific sympathized with
Union Pacific and notably strong toward
the close on an Increased business. Oregon I'm
proyement was strong, closing with n net gain of
ii per cent. The market was decidedly strong
at the opening, the general list showing ad
vances of to ]. Hooking Valley
. was up & Union Pacific. II; New
England i and West Point. 81.
The opening figures however. were not man
tanned, West Point recorded a drop of p in the
first twenty min ltes. All the leaders were
prominent in the downward movement, but the
market rallied toward the end of the hour The
early losses, however, were not made up until
well into the afternoon, the market in the
meantime, having been comparatively quiet
IN the last two hours, An active business,
prices continued to advance under the leader
ship of Union Pacific, and the close was strong.
at about the best prices reached Sales
5S7, l22 shares Reading furnished I60. 40;
Union Pacific, lis 255; ST Paul, 80, 300;
Texas Pacific 1850, and Erie, 20, 800.
Everything on the active list is higher, Union
Pacific being up 81: Chattanooga. 2: West Point,
IL Northern Pacific preferred, L. Pacific Mail.
IT, and Canada Southern, New England and
Colorado Coal, each per cent.
Railroad bonds were more quiet than for many
days Sales, 81 ,S77000. The active issues were
the Detroit, Mackinac & Marquette land grants.
with sales of $273000 Texas Pacific income
trust receipts, $4,000, aud Erie seconds con
soils, $4,000 Prices were steady 10 firm in the
early part of the day, but yielded materially in
the afternoon. final changes being about equally
divided between gains and losses. Closing quo
thtions were