The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-12
CONDITION OF THE MARKETS
Wheat Fluctuates Within q Narrow
Range and Closes at Lower Prices.
Corn Moderately Active and Prices Trile
Easier-0ats Heavy and LOwer-ProvisiOns
Active and Practically Unchanged.
MONEY, BONDS AND STOCKS.

The 'sBears' Secure Possession OF the Market,
aud Lower Prices Prevail.
NEW YORK, Dec. 1L-Money on call was
active at 40S per cent, closing at per cent
Prime mercantile paper, 405 per cent.
Sterling exchange was dull and unchanged.
The total sales Of stocks to-day were $50. 940
shares. including the following: Canada South
ern, 1O.450; Delaware, Lackawanna & Western,
24,46O; Delaware g. Hudson, $500; Denver g.
Rio Grande, 1910; Erie, 24,seo; Kansas & Texas,
14,l5O; Lake Shore, 2s, BAL: Louisville g. Nash
vile, 26.155; Missouri Pacific, 1O7 North
western, Abs: New Jersey Central, 19, DIG;
Pacific Mail, 1905; Reading. 1850; ST. Paul,
24,850; ST. Paul g. Omaha, $780, Texas 8 Pa
cifc, 1890; Union Pacific, 1850; Western
Union, 43, TO- Northern Pacific preferred, 6,910;
Oregon & Transcontinental, 4, 400; Hooking Val
ley, 16,75G
Government bonds and State bonds were dull
and steady.
The stock market was in possession of the
'bears" from beginning to end, although the
final figures are somewhat better than the lowest
Of tho day. There was nothing new In the way
OF adsices to cause the break but the clears"
used the material already on hand-the tight
mepey market, the interstate commerce bill,
and, late in the day. the unfavor::hle bank state
ment. The most was made out of these, and tho
forenoon saw prices materially lower, though the
purchases for foreign account prevented the
dullness from assuming large proportions; but,
later in the day, the heavy sales
Of "long" stock, induced by the
fri.hteHiaS of the weak holders, produced
smother decided slanp. Support was accorded
the market by the leading bulls" in the last
hour. and better feeling then prevailed. No
stock escaped the attack, and declines differ
only in degree though some of the specialties
showed very wide fluctuations on small bust
ness The course of prices was downward in
the early trading, and, after slight rally, the
decline was resumed before noon. After
that time the dizziness was accelerated, and
was not checked until the last hour, when
q material recovery took place, and the market
closed active and firm. Sales, $50, $40 shares.
Reading furnished 113500 Western Union, a.
7l0; Lake Shore, 28, 341; Erie. "a, 800; St Paul,
24,850. Almost everything is lower, Tennessee
Coal being down 9per cent; Chattanooga, 81;
Reading, 81 East Tennessee firsts, preferred, 81;
mon, Ii; Hooking Valley and Lake Shore II,
each.
The railroad bond market was quiet, and at
times dull; sales, $1,273, 900. Texas Pacific in
come trust receipts furnished $685. 600. Prices
were generally firm in the forenoon, but yielded
In sympathy with stocks in the afternoon, and
closing prices show irregular changes. Mack
mac & Marquette land grants lost 4, to 5; Wa
bash general trust receipts, 2, to 62: Susque-
hanna 81 Western dehentures, coupon off, lost 3;
Lafayette Bloomington 6 Muncie incomes are
down to S. Sales for the week, $40, 484, 900.
against $l5, 7l5, 900 last week. Closing quota
tions were: