The Indianapolis journal., 1889-12-16
CONDITION OF THE MARKETS
Wheat Seems to Have Reached Bottom
and Taken a Turn for the Better.
Cash Corn Cent Higher, with Good Ad-
vances in the Speculative Futures-0ats
Hold Steady-Little Doing il Pork.
MONEY, STOCKS AND BONDS.


The Market Stronger, with Marked Advances
Scored I'm a Few Instances.
NEW YORK. Dec. 14.-Money on call was
easy. with no loans closing offered at 3 per
cent.
Prime mercantile paper. 60712 per cent.
Sterling exchange quiet and steady
at q. s0l2 for sixty-d bills and S4.S41 for
demand.
The total sales of stocks to-day were 115.-
ssl shares. including the following: Atchi-
son, 1.792; Delaware, Lackawanna e. West
ern. 1851: Kansas & Texas, 1880; Mis-
souri, Pacific, S,76s; Reading, 12.4O0; Rich
mond x West Point. 1900: st. Paul. 1900;
Union Pacific, 1.65: Western Union. 2.2l0
The stock market betrayed the same gen.
eral characteristics to-day as usual OF late,
but there was a stronger tone to the gem
ersl list and marked advances were scored
in a few instances. Less than half dozen
stocks monopolized the interest taken in
the speculation, while the Others were dull
and without feature. London was not a
factor in the dealings, and the market re-
solved itself into "A merely local affair, but
the easier condition of money and the pros
pect of plenty TO be had at ruling rates IN
cliEed the shorts to cover in the general
list, while the purchasing continued in
Sugar A rumOr in the board that the
Texas had been accepted. and that there
would be q settlement between the diff
ferent committees. brought IN heavy buy
ing of that stock, which made 1T one of the
leaders in the general list. Lackawanna
was sirong and active. and the strength in
that stock was explained by the assertion
that there was too much company on the
bear" side. and some of the smaller ones
were being forced to cover. Mis-
souri Pacific; notwithstanding the Iqb;;
report to June so. was strong
all the way ont. The opening
was steady, most of tho active stocks being
unchanged from last nights figures, but the
and strong tone was developed through
out the list. with Kansas & Texas, Atchi-
son. Lackawanna. Chicago 81 Eastern llii-
nois preferred and the trusts especially con-
spicuous for the advances made. Manitoba
also became one of the leading strong stocks
later The bank statement was issued early.
and was considered favorable, showing a
large increase In the surplus reserve,
and the upward movement which
had halted somewhat fSs ,rtss gained na,In in
closed fairly active and strong at the best
prices of the day. Almost everything on
the list Is higher tonight and, while the
gains are generally contined to small frac-
tions. Sugar rose 3as. Kansas ~ Texas l7s
aud Manitoba IL. The sales of listed
stocks reached 90ss1 and Sugar Refineriee
contributed 20,390 shares out of the total of
"a $50 unlisted shares.
Railroad bonds were quiet, and while the
tone of the general market was firm. the
majority of the important changes are de-
clines. The sales were only $500 900. of which
SITS 900 were Kansas & Texas skies. which
were the strong feature of the dealings
Laclede Gas fives lost 2. at IS. The sales of
bonds for the week were S7,375, 900. against
s.. .9S7. 900 for last week.
Government bonds were dull and steady.
State bonds were dull but firm. Closing
quotations were: