The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-12-20
CONDITION OF THE R K
Continuation of the Upward March of
Values in the Speculative Wheat Pit.
Corn. However. Takes a Heavy Slump. and
Closes Materially Lower-0ats Remain Dull
and Steady-Little Interest in Pork.
MONEY, STOCKS AND BONDS.

An Animated and Bunish Market, with Mis-
souri, Pacific Leading the Procession
NEW YORK, Dec. 19.-Money on call was
easy. ranging from 8 to 2 per cent, the last
loan being made at 8, closing offered at 4
per cent.
Prime mercantile paper. 607l2 per cent.
Sterling exchange quiet and steady at
s4.sOa4 for sixty-day bills and S4.s44 for
demand.
The total sales of stocks to-day were 261,-
797 shares, including the following: Della
ware, Lackawanna & Western, 38.s25; Den
yer, Texas, e. Fort Worth, 6.4S4; Erie. 3.l00;
Kansas & Texas, 9.s53; Missouri Pacific,
A, 70l; Reading. $1,000; st. Paul. 1888; Union
Pacific. 9.940.
The stock market was more active and
decidedly strong to-day, making q marked
contrast with the trading Of yesterday. and
material advances were made all along the
line under the lead of Missouri Pacific and
speciaItles. Missouri Pacific was by long
odds tho great feature Of the day and the
buying in 1t was for both sides of the account.
several prominent operators being conspic-
uous as buyers of large blocks of the stock.
The declaration OF the dividend coming so
soon after the attempt to depress the stock
by means of q report six months old, and
which failed to get credence upon the
street, was q powerful element in the buy
ing movement, while the handsome sur
plus shown of nearly 81, OOO, 900 was another.
Beside there wero reiterations of the ru-
mors, which came in q more credible shape,
that there had been. or will be. some ar
rangoment between the Missouri Pacific
and the Kansas q Texas which will be adj
~vantageous to both sides and. incidentally,
to the stock market. The attention of the
bears" was given almost exclusively to
the coal stocks. but after the first hours
trading the course of these properties was
upward with the remainder of the list.
Their transactions were large, but except
In Lackawanna the fluctuations were
small and unimportant. Tho rumor of the
deal between the Missouri Pacific and the
Kansas g. Texas also stimulated buying of
the latter stock and it scored l per cent. adj
vance, though all of it vas not held at the
close. Among the specialties, Chicago, st.
Louis q Pittsburg continued its late rise
and reached still higher figures. followed
Worth. Sugar was again very prominent
In the dealings and after opening off 1 per
cent. it rose 3, helped by the scarcity of the
stock for delivery and the belief that it has
gone into hands which are able to hold it
against any attacks to which 1t be may sub
ject in the future. The advance brought 1t
up to 5914 and most of the improve
ment was retained. Consolidated Gas also
CODtluucu ltS Use OF Tic past lew uayS, 8nu
OIL small transactions scored a material gain.
The remainder of the list was dull and list
less throughout the day. and calls for no
comment. The trading in unlisted stocks
reached *. 945 shares.
Railroad bonds were quiet, and. while a
firm tone prevailed throughout the day.
the dealings were marked by no feature of
Importance beyond the activity and
strength in Kansas & Texas skies Inc the
Atlantic IL Pacific tours. The former con-
tributed SIS. 600 and the latter $131 900 to
the days total of S1.47S. 900. Peoria. Deca-
tur & Evansville firsts rose pa, closing at
103 and Reading second incomes 2. closing
at 50.
Government and State bonds were quiet