The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-19
CONDITION OF THE MARKETS.
A Dull and Easy Feeling in Wheat
with an Absence Of Outside Trading,
The Market Finally Closing Trifle Below the
Prices of Friday-Oats Steady and Easier
Provisions Very Dull and Lower
HONEY, BONDS AND STOCKS.

Gubsidence of the Pressure to Sell, Followed
by Increased Strength.
NEW YORK, Dec 16.-Money on call was quiet
ranging from 20e per cent closing at q
Prime mercantile paper, 405 per cent
Sterling exchange barely steady at $4.79 for
slxty-day bills and $4S3 for demand.
The total sales of stocks to-day 3o4, 032
shares, including the following: Canada Southern,
10, 600, Delaware Lackawanna & Western, 81 ,040;
Erie, Is, $50, Kansas & Texas, $780, Lake Shore,
IL $50, Louisville q Nashville, 10,605; North
western, a. 700; New JerseyCentral $780, Reading.
81. 1852; Richmond g. West Point. 1880; Hooking
Valley 8, $50; st. Paul. 3042o; st. Paul g Omaha,
1900; Texas Pacific $40; Union Pacific, II, 4S8i
Western Union 6.255.
Government bonds were dull and firm
State bonds were dull and steady
The stock market exhibited a marked change from
heprevous days Of the week. and instead of the pres
sure and rush. waiting tendency developed which
confined fluctuations within comparatively small
range and restricted transactions to snch 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
forenoon was extraordinarily quiet and prices were
on lower level than those of yesterday.
but after the publication of the bank
able to lower rates for money in the immediate fut
ure the bulls made special efforts to advance prices
and in some cases. notably Manhattan, New England
and Susquehanna 81 Western, remarkably sue
cessf1l Foreign houses did very little; trading for
che most part being confined to the professionals and
roomtraders, and consequently possessing little sig
Hi6cance. 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 conspicuously strong stocks of the after
noon the Improvement being principally upon rumor
that the new party were endeavoring to retain Mr..
Clark in the presidency. Hooking Valley was also
would be closed for election Monday, and that an
influential New York capitalist would be elected q
director. Susquehanna 81 Western strong upon
the prospects under the reorganization scheme.
The opening fairly steady; changes from
last evenings quotations being confined within
sDanimation whatever to the trading, and before
the market became positively dull The
eSrly transactions made at declining figures but
firm tone soon developed, and by noon the early
losses had generally been recovered In the after
noon, however. decided strength was shown, accom-
Reading and st. Paul were the only really active
stocks the sales of the former being 67,462 and of
the latter 80 420 shares The total sales of the day
304 1913 shares. The final changes generally
in favor of higher prices the only important decline
being In Tennessee Coal, which lost 24 Chatta-
ncoga gained per cent, Hooking Valley and Cam
eron Coal 49, each.
Railroad bonds were dull; sales 81, O64 900.
Prices generally firm, and almost invariably
show advances. The active issues West Shore
fours the sales of which 1879 O0O and Atlantic
8 Pacific incomes with $103, 600 The Atlantic &
Pacific frsts gained d. TO 80; Louisville & Nashville
sonsols GA to 10; West Shore registered tours O.
and Lafayette Bloomington s. Muncie incomes,
10, to 40. Closing quotations were;