The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-29
CONDITION OF THE R K
Wheat BuOyant, with an Advance of One
Cent Over the Figures of Monday.
The increased Firmness Caused by Favorable
Fe4eign Reports and q Good Export De-
mand-Provisions Firm and Higher.
Increased Activity in Stocks, Accompanied
nv Higher Prices.

Increased Activity in Stocks, Accompanied
by Higher Prices.
YoRK, Dee. 2s.-Meney on call was easy at
B to 6 per cent, closing offered at l.
Prime mercantile paper, 405 per cent.
Sterling exchange was fairly active at $4.70si for
6O.day bills, and $4.s3la for demand.
The total sales OF stocks to-day were 213, 1919
shares, including the following: Delaware, Lacka'
wanna 8 Western, 81, $50; Erie. $780,; Lake Shore.
TO- 95; Louisville & Nashville, 4,S79; Northwestern,
8,045; New Jersey Central. 19,O5O; Reading. 50, $50;
St Paul, ID 800, Texas Pacific, 8 1926; Union Pacific,
$500; Western Upion, $500; Richmond s. West
Point. $3.50.
Government bonds and State bonds were dull and
steady.
The stock market displayed more activity. notwith-
standing the fact that the interruption Of telegraphic
communication prevented the business which would
have been done for foreign account. Prices occupied
o higher range, beng generally firm to strong through
out the day, the lowest figures being recorded at the
opening. and the highest in tho last few minutes of
business. The advance was started by the covering of
shorts" upon the absence of the expected London
selling. The movement was accelerated later by the
news of the adjustment of the difficulties between the
Reading company and its employees, which naturally
leading stocks under that head furnished
over half Of the entire business done, being
remarkably strong and active throughout the after
IOOH. ~. Il VA q uhAS ~ UHO 0Cilo Ahchi
that there would be any reduction in the dividend.
and Union Pacific was strengthened by q statement
from one of its prominent directors. contradictory to
the late reports from London in regard to the conat-
eral trust bonds. Among the specialties, Cameron
Coal and Green Bay were active and strong, while
Philadelphia Gas was especially weak. The opening
was generally steady, first prices showing insignificant
changes from last evenings final figures, except Pa
cifc Mail, which was up L and New York Central So.
The market was dull, although considerably more
active than during the past few days. Prices were
decidedly strong, and advances ranging up to over
I per cent. were established IN the first
hour. Later, the market became dull and
featureless, and the movement In prices ceased,
but after IL o'clock the coal stocks became promi-
nent, and on a somewhat better business prices again
advanced. The last hour saw a renewal of the activi-
ty and strength of the early morning, and the market
closed quiet but strong at the best prices of the day.
Sales. 213, 9l7 shares, of which Reading furnished
62. $50. Lackawanna 81, $50, Jersey Central $1,000.
st. Paul Ii, 300. and Lake Shore 10. 999. The entire
active list is higher this evening, the principal adj
vances being Reading, 3 per cent? Richmond & West
Point, lie; Cameron Coal, GA; Jersey Central, 23s;
Colorado Coal, Lake Shore and Western Union. l3s
each; Lackawanna, 2ls, and Hooking Valley and Union
Pacific, lis each.
Railroad bonds were somewhat more active; sales,
81. 059. 900. Green Bay incomes, with $1A7, 600.
and Denver & Rio Grande tours, with 1896 600, were
the only active issues. Houston g. Texas, western
division, coupon off. rose 2, to 1US; the seconds, Big,
TO 95. Closing quotations were: