The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-31
CONDITION OF THE R K
Wheat Opens Easy, but Receivers Its
Toneand Closes at a Slight Advance.
Corn Rules Steady, Without any Marked
Chanseg in Prices-0ats Quiet and Firm
Provisions Again Active and Very Strong.
MONEY, BONDS AND STOCKS.

A Firm and Strong Market, with Higher
Prizes for the Active Shares.
NEW YORK, Dec. 30.-Money on call was
easy at a per cent, closing at A per cent.
Prime mercantile paper, 6D7 per cent
Sterling exchange was dull but steady and
/. unchanged.
The total sales of stocks to-day were 444, 955
Vshares, including the following: Canada South
ern, II, 500; Delaware. Lackawanna 81 Western,
81, 750; Erie, Is. $50; Kansas & Texas. $500: Lake
Shore, q, 62O; Louisville & Nashville. IL, 100;
Missouri Pacific, 3,522; Memphis e. Charleston,
$500; New Jersey Central, A. 948; New York
Central, 3,105; Pacific Mail, {, 230; Reading. 81, $50;
81. Paul, q, 095; St. Paul 6 Omaha, 1910; Texas
&Pacifc, 21, $40; Union Pacific, 1880; Western
Union. q, 15O; Oregon & T-ranscontinental. $500;
Richmond & West Point. "a. 740; Hooking Val
ley, ALSO; New England, 1920.
Government bonds and State bonds were dull
andsteady.
Stocks showed further Improvement, both in
the range of prices and the amount of business
done. The foreign houses did little or nothing,
but an increased demand for stocks developed
from all quarters. There was good buying for
the slongf account, and the liquid alton
of 'tshort" contracts made further progress.
The news of the day was entirely favorable,
and advices from Washington that the interstate
bill was likely to go TO a conference committee
tor amendment and the failure of the Bank of
England directors to advance the rate of DIS
count were encouraging to the 'bulF' side. The
-1ividDnds upon the Vanderbilts declared to.day
were somewhat disappointing, and these stocks
failed to respond to the general better feeling,
being sluggish and at times weak. The feature
of the day was the Southern stocks, all of which
were unusually active and strong upon re-
newed talk of a combination between these prop
critics, although nothing definite in regard to the
matter was developed. There was specially
heavy inside buying in Richmond & West Point,
and it records a phenomenal advance this even
ing. Favorable traffic returns induced consider
able covering of shorts" in New England,
which, together with the Gould stocks, was
conspicuously strong throughout the day.
There was little animation among the rangers,
though they were steady to firm. The opening
was generally strong. advances ranging from
1 to 4, though West Point was up II and Hook
ing Valley /, while Lake Shore was off /. There
was active trading, and after some few slight de-
clines in the early dealings, the entire market
became strong, and under the lead Of jersey
Central and Richmond & West Point, advanced
materially during the first hour. The rise, ex-
ceDt iE a few special stocks, halted before noon,
and a fractional reaction took place. There WIS
q renewal of the buying IN the afternoon, and
further progress toward higher prices was made.
although on a somewhat reduced business.
Reafzations again caused a sagglng of prices in
the last hour. but the market recovered in the
last fifteen minutes and closed strong Ct a shade
under til e best prices of the dry. Sales, 444,
500 shares. Reading furnished 81, 100; Jersey
Central, A .94S; West Point. "a. TAO; L-ackawanna,
3l.750; ST, Paul, "a. 1895. Tho entire active list,
with the exception of Canada Southern and
! Michigan Central, is higher this evening, the
most notable gains being West Point, 81; New
England. %; Colorado Coal, Il; Lackawanna and
Pacific Mail. IL.
Railroad bonds were active; sales. 81, 563, 900.
The conspicuously active issues were Jersey Cen.
trail consols. with 1854, 900; Denver & Rio Grande
tours, $4,000. and Texas Pacific land grant re.
ceipts. BIB, 900. Ohio Southern incomes rose
2. to 43: St. Joseph and Grand Island inco mes,
to 65, and the second debentures 5, to 40. Clos.
ING nnnfatinns were: