The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-21
CONDITION OF THE MARKETS
Wheat Quiet, with Light Trading and a
Feeling Of Increasing Weakness.
Corn Slow and Easier, with Only Moderate
Shipping Demand-0ats Dull and I'm
changed-Proysions Strong and Higher.
MONEY, BONDS AND STOCKS.
London a Heavy Seller of Stocks, Causing
Decline, the Market Closing Weak.

London a Heavy Seller of Stocks, Causing n
Decline, the Market Closing Weak.
NEW YORK, Dec 2O.-Money on call was quiet at
2 to per cent. closing offered at 2.
Prime mercantile paper, 405 per cent.
Sterling exchange quiet but steady at 4.79a4
Tor sixtyday bills, ana 81. S3ia for demand.
The total sales of stocks to-day Ale, 1913
shares including the following: Canada Southern,
D,362; Delaware IackRwanna e. Western, 40, $40;
Erie H. 7S5. Kansas & Texas. $780, Hooking Val
lev s,51b; Lake Shore, IL, $50; Louisville & Nash
vile g. 925; Missouri Pacific, $685. Northwestern,
1890; Northern Pacific. preferred, 1882; Oregon g.
Transcontinentat 8 AGO. Reading 81, $50: st. Paul,
SO, 237, St. Paul s. Omaha, 5000; Texas & Pacific,
4.445, Union Pacific 19040.
Government and State bonds were dull and steady.
There was heavier selling of stocks for London
count this morning than has been noticed since the
or, in sympathy with the London market. and the
bears" and room traders also joined in the
ent which resulted in further material declines dur
ing the first hour The selling for foreign account had
decidedly unsettling effect upon the opinion of the
street while there none of special character
to Affect values excepting the reports OF earnings by
Che Northwestern and Omaha companies which ia
vorable The market rallied when the selling pressure
Vas removed but there was dropping tendency
tempt to liquidate long accounts induced renewed
selling by the bears" which. notwithstanding the
free offerings of money at low rates broke
the list badly, and the market closed
very active and weak at material
declines from yesterdays figures. Reading Union
Pacific Lackawanna and St Paul were the special OBJ
jects OF attack late in the day. the weakness in Union
Pacific being attributed TO the failure of the House
consider the refunding BILL Sterling exchange rates
advanced l2c in consequence of the sales of
curisies in thia market. The opening this morning
remarkably weak. six stocks showing declines
from Saturdays final figures of from ] to 81 per
cent There were further declines in most of the
tive stocks during the first half hour, which fol-
lowed by comparative dullness with prices uctuating
within range. The last hour. however.
renewal of the selling prices again yielding materi
ally, and the close weak and active at the
lowest figures of the day. Sales. 416 S94 shares.
Reading sold 81 $50 shares. which was followed by
ST. Paul with SO, 227; Western Union S,45O
Everything the active list is lower this evening
with very few stocks in which the decline is less
than per cent The most important losses com.
prise Tennessee Coal, GIG; Norfolk & Western pre-
ferred. 3; Reading and Hooking Valley, 27s Union
Pacific. pa Western Union 26s
Railroad bonds were remarkably quiet throughout
the day, the sales being only 81, 00S. 900. Denver &
Rio Grande tours the only issue displaying any
special activity their sales being $112 600 The spe-
cia feature of the trading the sharp advance of
Sig per cent in Susquehanna & Western 6rsts coupon
off, to 81. Closing quotations were: