The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-12-19
CONDITION OF THE MARKETS
The Large Dimensions of the "Short'' In
terest Cause a Reaction in Wheat.
Temporary Advance Of Nearly a Cent Scored
Sharp Twist Given to the December Corn
~0ption-Larger Trading in Oats.


"Bears" Resume Control of Quotations-The
Usual Drop in Sugar Trust.
NEW YORK. Dec. 1s.-Money On call was
easy, ranging from 4 to s per cent, the last
loan being made at 4, closing offered ut
per cent. :
Prime mercantile paper. 607l2 per cent.
Sterling exchange quiet and steady
at s4.sOa4 for sixty-day bills and s4.s4l2 for
demand.
The total sales Of stocks to-day were 216.-
15S shares, including the following: Atchi-
son, 1900; Delaware, L~ackawanna & West
err, S1,26s; Kansas e. Texas, 1856; Lake
Shore, 4,750; Louisville & Nashville, 3,214;
Northern Pacific preferred. 1866; Reading.
B2.650; st. Paul, 1855; Union Pacific, 11,29O.
There was the usual quiet business in the
stock market to-day, and the usual prepon-
derance of a few special stocks In the deal
ings, but the bears" resumed control of
quotations, and the tone of the mar
ket underwent q change for the worse,
though the impression made upon values
was generally measured by small
fractions only. The trading was largely
professional. and London was a factor only
by the selling of a block of stock, which,
however, was absorbed at a slight conces-
sion in the price. Missouri Pacific was one
of the active features of the forenoon. and
u Y al al1CA upOh Az A1PCAk nov
ment would be presented at the meeting of
the directors, this week. showing satisfac-
tory earnings upon the stock. There were
also rumors of an arrangement between
Missouri Pacific and Kansas & Texas, which
had its influence. Sugar Refineries was. as
usual. the great feature of the market, and
it was hurt by the growing impression
that the recent sales have been for inside
in the trade will be. seriously
detrimental to the business of the trust.
1t opened off the gig per cent. dividend, at
SO, and almost steadily declined until it
touched 80 toward 1 p. NJ. A rally then
brought it up to 5134 In the last hour and 1T
closed at 574. Dizziness and stagnation
was the chief characteristic of he remain
der of the market and the close was dull
aud steady at a shade better than the low
est prices.
Railroad bonds were more quiet to-day
and sympatnized to some extent with the
depression in the share list though the
tone of the market was generally firm and
and advances are rather In q majority this
evening. The sales OF all issues were ST.
O6O.0O with no special animation. Alton
* Terre Haute dividends rose 5 to so.
Government bonds were dull and steady.
State bonds were quiet but firm. Closing
quotations were:
Four per CT. reg..-126 &C., Il. & Q..-.....1061s
Four per cts coup. .127 &C.. St l.. * P.----- Is
-Four and a ias reg .104sslC.. st. (. q P. pref. 4Ol4
Pacific IS Of 's5...1I6 illinois 6entrai--.1is.
Louisiana stp'd 4s. 94lsiI.. Il. II W.. Gig
Missouri s.----.-.103 Lake Erie q West. II
Tenn. new set IS -1104lL 4. & w. pref 62l4
Tenn. new set S.. 1O24I Lake Shore. -...-..1O7a4
Mutual Union 6s. 10Olal Michigan Central 9S4
gen. 5s- IS %. * Mississippi. Ola
st. l.. S-F.gen.m .112l2l0. & NJ. pref..-.--. SO
Adams Express. l Peoria, u. d e.. Is
Alton & 7. H. IL 156
Alton & Il. IL. pref.1lO Pullman Palace .-1SS12
American Ex..--..113 III. s. Express. SO
Ches. * Ohro----,- 26l4lW., ST. l.. & P Is
G.. D. pref. lists 65 w. st. L. Il p. pref. 304
G. * o. pref. DDS. 4414lWells-Fargo Ex---13S
Chicago & Alton 1 Western UDion.--. S53
NEW YORK, Dec. 1S.-Bar silver. Csc.