The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-30
CONDITION OF THE R K
Unusually Large Trading in Wheat, Ao-
companied by an Unsettled Feeling.
Corn Opens a Trifle Higher and Rules Quite
Steady During the ~Session-0ats I'm
ehanged-Provisions in Active Demand.
MONEY. BONDS AND sTooKs.


the Entire Session.
NEW YORK, Dee. 29-Money on call was
easy at Sac per cent, closing at 3 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was steady at Sax 30 for
sixty-day bills, and 81. 81 for demand.
The total sales of stocks to-day were 435, 523
shares, including the following: Canada South
ern, 5,645; Delaware. Lackawanna g. Western,
20, PIG; Erie, II. 2S5 Kansas 6 Texas. 1850; Lake
Shore, 16, go; Louisville & Nashville. 1910; Mis-
souri, Pacific, 3.02e; Northwestern, $40; New
Jersey Central, 34.910; Northern Pacific. 4, LOO;
New York Central. APO; Reading, 90, 1926; st.
Paul, 35, 24O; ST Paul & Omaha, 4, 325; Texas &
Pacific, 6,420; Union Pacific, 16. ITO; Western
Union, Is, 1920; Oregon q Transcontinental 5000;
Hooking Valley, :, 100.
Government bonds and State bonds were quiet
and steady.
Stocks were active and strong. almost without
a reaction, from the first few minutes until tho
last hour. Foreign houses did very little, but
the delay in the communication with London IN
settled the "bear" contingent and the "bulls"
took advantage of their temporary position to
push prices up still further. TINS induced ex-
tensive covering of .shorts," and in some few
stocks there was good buying for the long ac-
count. A half dozen stocks, as usual of late,
monopolized a greater part of the interest. but
greater animation was also noticeable In several
of the specialties. Reading was the great
feature OF the day, although the only item of in
terest affecting its value was the statement that
an agreement for an interchange of traffic be-
tween that line and the Jersey Central railroad was
In process of arrangement. Jersey Central was
also materially aided by the same story. Rich
mond & West Point became specially active and
strong in the afternoon. under heavy buying.
The advance was accompanied by ruraors OF new
developments in the property. The Vanderbilts
we're all strong, especially Lake Shore, and tbs
entire active list participated more or less in the
general advance. The opening was irregular,
the changes from last evenings final figures
ranging from ! below to ] above. There were a
few slight declines in the early trading. in which
Reading was prominent, but the general list was
strong, and the early losses were quickly recov-
cred. Before the end of the first hour advances
ranging up to Il per cent. had been established.
This was followed by a period of
comparative quiet, accompanied by a
noon the activity and advances were
again renewed and lasted until after 2 p. NJ.
when considerable realization of profits caused a
slight decline and the market closed barely
steady. but close TO the best figures of the day.
Sales, 436, 523 shares. Reading furnished co.
325; Eackawanna, 70. ZIG; Jersey Central, a.
$40, and ST. Paul 80, $40. The active list again
shows material advances, Richmond d West
Point being up AZ, Lackawanna. p; Philadelphia
Gas and Central Pacific, 2; Cameron Coal and
jersey Central. II.
Railroad bonds also felt the stimulus of the,in-
creased business and the better feeling prevail
ing on the street. and were active and strong
throughout the day. Sales, 1892, 600. Denver
& Rio Grande tours furnished 1922, 600, and
West Shore forrs $f56, 000; Jersey Central de-
bentures rose 81. to 81; Lafayette, Blooming
ton & Muncie frsts, 8, to no. Closing quota
tons were: