The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-11
ACTIVE TRADING In GRAIN.
The Wheat Market Full of Excitement,
and Transactions Very Heavy.
Prices for the Day Average About Two Cents
Below Those Of Thursday-Proyis-
ions Active but Irregular.
MONEY AND STOCKS.

The Market Still Influenced by the War
News from Europe.
NEW YORK, April 10.-Money on call continues
easy at per cent, closing at l.
Prime mercantile paper, 4a5 per cent
Bar silver, 81 06aa.
Foreign exchange is quiet and steady at un-
changed quotations; actual business is done at
o. S4aa and 81. 66a.
Government bonds are quiet but firm at un-
changed quotations
State securities slow, with a little more activ-
fly: prices firm, except Tennessees, which are
heavy.
Railroad bonds have been active and prices
generally maintained
The stock market continues subject to the
latest European war news. The opening prices
to-day were generally from to per cent.
lower on account of general impression that
the outlook for peaceful solution of the diff
eulties between England and Russia was more
favorable and the advance in London of the
price of British consols. Some activity was
developed by an effort on the part of the specu-
IstOrs who saw profit in the current quota
lions. to realize, but after the first hour the
market became very dull, and fluctuations were
generally within extremely narrow limits. Lake
Shore and Pacific Mail were pressed for sale,
however, and the tendency of the other
comparatively active stocks was to find slightly
lower quotations, which continued until shortly
before o'clock, when a slight rally occurred,
and the market closed duh and steady at quota
tons, which, in most cases. are al per cent.
higher than the lowest of the day. To this,
however, there were several exceptions, in which
the lowest and the final figures are the same.
There is a prevalent belief that tho troubles be-
tween England and Russia will assume a
more definite shape in very short
lators are simply waiting. Although the
street is much divided as to the ultimate effect
of war between those countries upon our securi-
ties for the time being belIigerent news is
hailed as an assurance of general advance in
prices, not only of the better class of railroad
securities. but also of the products of our soil,
and of many manufactured articles, while re-
ports of peaceful character tend to drive the
market back into the rut into which it has been
running for SO long time.
The total sales to-day were only 156, 600
shares, a decrease from yesterday of 1873, 100
shares, and of to-days business AZ per cent. con-
Eisted in transactions in Lake Shore,
Lackawanna and Northwestern. OF no
to as much as $1,000. Lake Shore
opened at 59s and after selling at 59s broke in
morning to So After midday drive was made
at this Stock which depressed the price to $751; but
In the last hour there was a rally on a limited
business to 58s, net Decline as compared with
1dSt ofonIuR VI Ia per CENT OHlOH dCtuC was
also pressed for sale in the afternoon, and the
price, which opened at 43as and touched 43 in the
morning, fell to 424. In the final rally, how
ever, it rose to 42s and closed at 42s, loss of /
per cent. Lackawanna sold from LOG down to
1041, and closed at l05, decline of per
cent. G., b. & @. is Il per
cent. lower, at I'LL and Louisville
and Nashville is per cent lower, at 30s. The
losses for the remainder of the list are less than
1perceut. The executive committee Of the Oregon
Railway and Navigation Company, has decided
to recommend the usual dividend of II per cent
quarterly, but in view of the snow and ice pre-
vailng along the line of the road during the win
Ter, the resolution recommends that payment
be made one month later than usual
Transactions loo, 600, shares to wit; Lacka-
wanna, %. 600: Lake Shore, $4,000; North
western, %, 600; New York Central, II, 900;
Pacific Mail, $4,000; St. Paul, 10000 Union
Pacific, $4,000; Western Union. 5000.
The market closed with the following prices
bid