The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-13
CONDITION OF THE MARKETS
Wheat Fluctuates Within a Narrow
Range and Closes at Lower Prices.
Corn Moderately Active and Prices Frife
Easier-0ats Heavy and Lower-Provisions
Active and Practically Unchanged.
MONEY, BONDS AND STOCKS.

The ttBears" Secure Possession OF the Market,
and Lower Prices Prevail.
NEW YORK, Dec lL-Money on call was
active at 408 per cent, closing at 5 per cent
Prime mercantile paper, 405 per cent.
Sterling exchange was dull and unchanged.
The total sales of stocks to-day were $50, $40
shares. including the following: Canada South
ern, 10. $50; Delaware, Lackawanna e Western,
"a AGO; Delaware & Hudson, 1900; Denver &C.
Rio Grande, 3O1O Erie, 24.S $50; Kansas & Texas,
Il $50; Lake Shore, 2S,341; Louisville 6 Nash
vile, 26155 Missouri Pacific, 10, TIA; North
western, Abs: New Jersey Central, 1906
Pacific Mail, 1906; Reading, 11350O; ST. Paul,
"a, $50; St Paul 6 Omaha, 1850; Texas s. Pa
ciic, 1890; Union Pacific, IA, $50; Western
Union, 43, 10: Northern Pacific preferred, g. go;
Oregon & Transcontinental, 4, 400; Hooking Val
ley, 49, 50.
Government bonds and State bonds were dull
and steady
The stock market was in possession of the
clears from beginning to end, although the
final figures are somewhat better than the lowest
of the day. There was nothing new IN the way
Of advices to cause the break, but the ''bears"
used the material already on hand-the tight
money market. the interstate commerce bill,
and late in the day. the unfavorable bank state
ment. The most was made out of these, and the
forenoon saw prices materially lower though the
purchases for foreign account prevented the
dizziness from assuming large proportions; but,
later in the day. the heavy sales
of s1ong" stock, induced by the
frightening of the weak holders, produced
another decided slump 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
a material recovery took place. and the market
closed active and firm. Sales, 559, $40 shares.
Reading furnished 113. 500; Western Union, 49,
40; Lake Shore, %. 34l; Erie. 24,s6O; ST. Paul,
24,850, Almost everything is lower. Tennessee
Coal being down 9per cent; Chattanooga, 81;
Reading, %; East Tennessee frsts, preferred, 81;
Norfolk & Western. preferred, H. and the COM
mon, Il; Hooking Valley and Lake Shore, II,
each.
The railroad bond market was quiet, and at
times DULL sales, $1.273, 000 Texas Pacific in
come trust receipts furnished $l8S,000. Prices
were generally firm in the forenoon, but yielded
in sympathy with stocks in the afternoon, and
closing prices show irregular changes Mack
mac e Marquette land grants lost A. to 5; Wa
bash general trust receipts g to g. Susque
hanna 81 Western de5entures, coupon off, lost g.
Lafayette, Bloomington e Muncie incomes are
down to So Sales for the week, SIC, 49,, 600,
against SIS, $4,000 last week. Closing quota
tons were:
IL N IT a