The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-07
CONDITION OF THE MARKETS
Heavy Wheat Trading, Though the Vol
ume Is Less than on Recent Days.
After Considerable Fluctuations Prices De-
cline from Those Current on Saturday
Provisions Irregular but Stronger.
MoxEY, BONDS AND STOCKS.

Stocks Extremely Active, but Erratic, Clos
Ing weak--lsonds Moderately Active.
NEW YORK, Dec 6--Money on call was active at
B015 per cent. closing at s asked.
Prime mercantile paper, 405 per cont.
Sterling exchange was quiet, but steady, at $4.soa
for AKty-day bills and 1884 for demand.
Th6total sales of stock to-day $50 335 shares,
inciudins the following: Canada Southern, 80 76O;
DeIawRSe, Lackawanna 8 Western. Is, $40; Denver
8 Rio Grande, g. 1oO Erie, 30,518 Kansas s. Tex
as, S575; Lake Shore, Is, 453; Louisville & Nash
Vile, II, 5oS; Michigan Central. 4,s1O; Northwest
eFn aS1O; New Jersey Central 1885; New York
Central, 1910, Northern Pacific, 5000; Pacific
Mail, IL. ITO; Reading. $780, st. Paul. 10000;
Texas Pacific, 6,053. Union Pacific 20, 400; West
ern Union. %. 2oo Wabash Pacific g. 125; North
err Pacific preferred 5000; Oregon 8 Transconti-
mental, 7035s Hooking Valley, 100o5
Government bonds were dull and steady to firm.
State bonds were dull and steady.
The stock market. while again extremely active
was somewhat erratic In it's movements and some
half dozen stocks monopesed the major part of the
interest. London q moderate buyer, especially
in the early hours It's favopites being the Pschc reads
St Paul and Wabash the market exhibiting its usual
strong undertone until the last hour. Canada South
era was one of the special features and remark
buying, though the movement was somewhat Of a
mystery the street Reading in the last two hours
became active apd strong, though the advance made
was entirely wiped out later. Runprs were circulated
S probable purchase Of the East Tennessee by the
Norfolk 8 Western Company. and the trading in
STOCKS of both the second companies was extremely
active 81 advancing prices The Wabashes
aS foreign Eq buying though they ssgged off toward
the close. The remainder of the list moderately
active and generally steady to firm until the last hour
when they yielded under the pressure brought to bear
kv the professional operators. The opening very
active and strong, advances over Saturdays final
prices ranging from ls0s per cent generally while
Canada Southern was up 10s- The general market in
there was little movement In prices except in Canada
Southern, Union Pacific, st. Paul and the East Ten
ptssees which were joined later by Norfolk g. Western.
The upward movement in the few stocks which were
eSog continued until about l;30 P. NJ, Louisville 8
Nashville, Lackawanna and Jersey Central sharing
IN the rise n the last hour however, drive as the
general market crrried prices down sharply aid, after
fractional rally, tt closed wesk in many cases at the
lowsst 6gures reached. Sales 590335 shares.
Beading furnished II 500, Norfolk 3 Western pre-
b18, and st. Paul. 10000. Final changes are with
bht few exceptions, in favor Of lower prices. and
Richmond West Point lost la Northern Pacific
preferred and Western Union, each, H. and New
England, 1. Cameron Coal is up 4ls; Canada South
ern, 2ss, and Norfolk g. Western 81.
Railroad bonds were moderately active; sales,
and cksLplates $500, 600. The market, Was gerfer-
ally firm to strong early in the day, though it weak
ened in the sftornoon. Buffalo, New York & Philar
depha frsts z to 3D. and tae trusts receipts g
10 az; Houston 8 Texas seconds 3, to 93 Indiana.
Mexican Central firSts l2Ss; 10 81. Closing quota.
tious were: