The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-04
CONDITION OF THE MARKETS.
Feritable Boom in Wheat, Accompanied
by a Decidedly Bullish Feeling.
zhe Price Goes Above Eighty-Six Cents and the
Dealings Are Attended with Much Excite.
ment-Provisi0ns Inactive but Steady.
rsoNEy, BONDS AND STOCKS.

A Decreased Business in Stocks, but the
Market Continues Feverish and Excited.
NEW YORK, Dec. 3-Money on call was
active at 507 per cent closing at per cent.
asked,
Prime mercantile paper, 405 per cent.
Sterling exchange was dull but steady at 81 500
for sixty-day bills, and 81. 500 for demand.
The total sales of stocks to-day were 524, SAT
shares, including the following: Canada
Southern, $3.50; Delaware Lackawanna 81 West
ern -33, 700; Erie, 81, 410 Kansas & Texas, $500;
Hooking Valley, 1850; Lake Shore, 26, 142;
Louisville 8 Nashville, 4,50O; Michigan Central,
1920; New Jersey Central, 1920; New York
Central, II, 1865; Northern Pacific, Is. 1855; Pacific
Mail, IL, TAO; Reading 74,810; st. Paul, 42370;
st. Paul & Omaha, 3, 10N Texas & Pacific, 1850,
Union Pacific, 1920; Western Union, 5000;
Wabash Pacific, 11,790; Northern Pacific pre-
ferred, 6.9l2.
Government bonds were dull but firm.
State bonds dull and steady
The stock market again showed a slight de-
crease in the amount of business DONE There
was considerable feverishness at times, but the
market was. most of the time, strong. The oft
repeated story of the settlement Of transconti-
mental affairs was again circulated and once
more denied. The story found believers that the
Richmond 8 West Point people had acquired
control of the East Tennessee system. This was
officially denied but In such manner as to con-
firm the suspicion that negotiations to that end
are pending. London was prominent buyer OF
St Paul and Northern Pacific, and the latter
was unusually active. The features of the trad
Ing were the Vanderbilts, the East Tennessees,
the Wabashes. Reading, New England and Lack
swanna. The last and New York Central
the advance in New York Central
is the outcome of the belief that the rate of divi
dends will be increased during the coming year,
rs well as of the fact that it has not responded
TO the advances among it's kindred stocks The
delay in issuing the reorganization plan has caused
a decrease in the confidence of operators in Read
ing, and there considerable ceiling to-day,
but 1t received support In the afternoon and re-
covered to the opening price. The opening was
active and strong A majority of the active list
shows advances over last evenings final prices
Of to l, though West Point New England and
Union Pacific were each lower. Prices were
Arm to strong. West Point, New England
and the Wabashes being specially noticeable
Later, some irreeularity was displayed and
in the early part of the afternoon prices yielded
slightly, while Reading was decidedly weak. The
market was somewhat quieter at this time, but
In the last hour renewal of the upward move
and Reading attracting most attention. The
market closed active and strong, and in many
cases at the best prices Of the day. Sales, 524,-
SAT sharesl Reading furnished u, 810 ST Paul.
AZ. $40; Lackawanna, 80, 700 and the Union Pa
ciAc 81, 80 followed by Lake Shore, New Eng
land and Erie in the order named. The net re-
suit Of the days business 10 an advance in al
most everything on the active list, Union Pacific,
CeAtral Pacific and Texas Pacific being the only
exceptions. New York Central Is up 23 Chatta-
nooga, II; West Point, n; Lackawanna Il;
Northern Pacific common, II; Lake Shore. Ii,
and others fractionally.
RRailroad bonds were more active and strong.
Erie second consols furnished SILT, GOO out of a
total of 80. 842 900, with net gain of per cent,
at l0ls, Atlantic 8 Pacific incomes furnished
1882 000 and Indiana, Bloomington & Western
incomes $4,000. Texas Pacific income trust
receipts. Denver 8 Rio Grande fours and East
Tennessee ives were also prominent ST Paul,
South Minneso,s skies. gained 2. at llS; Wabash
Detroit SKIES, :, at So Lake Erie & Western
incomes lost Al. at 49, Closing quotations were: