The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-17
CONDITION OF THE MARKETS.
4 Fair Amount of Trading in Wheat,
but the Feeling Is Very Unsettled.
Corn Quiet and Steady, the Market Failing
to Show Any Features of Interest-Pro-
visions Active, Strong and Higher.
MONEY, BONDS AND STOCKS.
The Stock Market Receivers from the Panic O
IuAdnasdav and Iaftes Prices Prevail

The Stock Market Receivers from the Panic of
Wednesday, and Better Prices Prevail.
NEW YORK Dec 16.-Money on call was stronger
Hanging from per cent per annum to a per cent.
and interest per diem, closing at per cent asked
Prime mercantile paper 405 per cent.
Sterling exchange was dull and steady at Sd 80 for
sixtyday bills and ga. 1914 for demand.
The total sales of stocks to-day were 500 EGO
shares including the following: Canada Southern.
16,475; Delaware, Lackawanna & Western, 3,4oO;
Delaware & Hudson, 8, 7O6 Erie, 25.5O0i Kansas &
Texas, 1865; Lake Shore, 1866; louisville g.
Nashville 20 $40; Michigan Central $500; Missouri
Pacific, 1888; Northwestern, 1885, Jersey Cen
trail IT $40; New York Central, 10 600; Ohio &
Mississippi, 4,05O; Pacific Mail, 1858, Reading
96,5e5, st. Paul, Al ZOO St. Paul s Omaha s948;
Texas Pacific. 14s4O; Western Union, 1885;
Union Pacific, 2O.715; Northern Pacific preferred.
978, Oregon & Transcontnental, $3.50; Hooking
Valley, 1O,475.
Government bonds and State bonds dull and
heavy
There was a marked change in the appearance of
the stock market from that of yesterday the extraor
binary activity disappearing and wild desire to sell
giving way at least appearance of renewed con-
hdence, which increased as the day advanced. One
factor In producing this result was the increasing
result of manipulation though the advance in the
Bank of England of discount rates Is expected to
check In measure the flow OF gold to this country.
The disposition sell manifest in the early
Ing, and there strong opening, In sympathy
with the higher London figures, but the improvement
vss lost. the dealings being feverish- The slight
pressure to SELL however, gave way to con
ndent buying In which the more substantial stocks
we're conspicuous The Vanderbilts, coal stocks and
Louisville g Nashville showed marked improve
ment. Later on, when the buying had become gen.
eral the shorts became alarmed at the situation,
and in the last hour heavy covering the days to-
tai to large fsures and the best prices of the day
were made in the last ten minutes. London bought
Lake Shore and Erie well as Reading. Boston
houses were buyers of Union Pacific.
The opening was comparatively quiet, but strong,
advances over last evenings final figures ranging up
TO 10 per cent Heavy selling however, in the first
ten minutes, broke Lackawanna2 per cent and the
early gains were generally LOST The trading contn-
ned feverish, though toward there were renewed
declines. which finally checked toward 1890.
Increased volume of business, the entire active list
sharing in the advance The last hour saw marked
increase In the business done as well as more decd
edupward movement and the market closed strong,
at about the best figures reached Sales, $50, 260
shares Reading furnished 96565, Lackawanna,
Western Union, 81 895; Erie % 800 and Louisville
g Nashville, 1860. There is not single stock on
the active list showing decline this evening while
serred, Gig; Chattanooga; 3; Canada Southern 27s;
New Eagand ga; Norfolk s. Western, preferred, and
Wabash, preferred, "a cach
Railroad bonds showed much more strength than
stocks, and show decided improvement over yester
days prices, although, compared with sales made
some time back they the effects of tho slump of
Che past three days. The business amounted to only
81 $50, 900, Of which West Shore fours sold 1924
900; Atlantic & Pacific incomes, $146, 0o0 Denver
& Rio Rrande fours and Fort Worth & Denver firsts
were also conspicuous in the trading. New Orleans
Pacific trust receipts q to 80; Texas Pacific in
1879, zig, to S7ls Atlantic s. Pacific frsts lost 3 a.
to IS, Louisville & Nashville consos, 3l4 to 1882
Oregon Improvement frsts, 3. to 99o and St. Joe &
Grand Island incomes, 3, to II. Closing quotations
were: