The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-28
CONDITION OF THE MARKETS
Wheat Rules Slow, and Fluctuations
Are Kept Within a Narrow Range,
The Market Closing at the Figures of Friday
Corn Firm and Slightly Higher-Pro-
visions Active and Trile Higher.
MONEY, BONDS AND STOCKS.

Stocks Dull and Heavy, with Lower Prices
for Nearly All Shares.
NEW YORK, Dec. 27.-~Money on call was
quiet at 5 al per cent, closing at per cent.
Prime mercantile paper, 4a5 per cent
Sterling exchange was dull but steady at
- 79I for sixty-day bills. and 81 834 for demand
The total sales of stocks to-day were liz, 293
shares, including the following: Canada South
ern,3 $50, Delaware Lackawanna 6 Western 81
$50; Erie, g. TO- Lake Shore, 9,4l4; Louisville g.
Nashville, 10, 760; New Jersey Central, 4,325;
Reading, 81 $40; ST. Paul, 81, 422; Union Pacific,
l4,470; Western Union, 5000; Richmond & West
Point, 1920
Government bonds were dull and steady.
State bonds were duh and steady.
The stock market while showing a larger
aggregate of shares sold than on Friday, diff
fered in degree only as to the dulness. To-day
being bank holiday in London, there was no
Ar.itragie business, which aided in the prevail
Ing stagnation. The influences over the market
were generally Of an unfavorable character, Of
which the discussion of the interstate bill, the
strike upon tho Reading and the rumored re-
duction in the rate of dividend upon St Paul.
were most conspicuous. Money was easy, with
a. maximum rate of per cent. There was a
small pressure to sell in the early morning,
which, however, soon disappeared, but general
heavy tone was noticeable throughout the day,
and it developed into decided weakness anon g
Few stocks toward the close, and over one
third of the entire days business was done in the
last forty-fve minutes ST. Paul was conspic
nous feature in the late decline for noted
above, and the coal stocks were also prominent
for weakness toward the close Union Pacific
yielded steadily throughout the day, while
Louisville & Nashville, after the first hour,
remained comparatively firm. There was
squirt Of 81 per cent in Houston 81 Texas, the
result of the better feeling caused by the new
proposition OF Mr. Huntington to the bondhold-
ers of the company, The remainder of the list
were remarkably dull aud without feature; The
opening was weak, first prices being TO below
Fridays closing figures, while Reading was down
& The trading was dull and prices weak Lacka-
wanna. Louisville 81 Nashville, Union Pacific,
and Richmond & West Point scored material de-
clsnes. The market then became extremely dull
Ind some improvement In 6gures was noticeable,
cut in the last hour the decline resumed,
with marked increase in the amount OF bust
ness done, and the market closed dull but weak
At the lowest. prices reached Sales. 172. 293
shares. Reading furnished 81 S40 St. Paul, 81
400; Lackawanna, 81 $50: Union Pacific, IL, 470;
Louisville 10 760. The entire list is lower,
Beading being down lS; ST Paul, II, and Union
Pacific, Il.
Railroad bonds showed no Improvements;
sales, 5000 West Shore fours furnished
$4,000 The only feature in the dealings was
the strength of the Houston e. Texas issues, the
remainder being dull and stagnant Hooking
Valley general mortgages lost q, at $751; Ken
lucky Central fours were up 2, at 81; Mexico
Central irsts, 9 at 60. and Manitoba consnls 2
at 10 Closing quotations were: