The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-21
THE HEATAND THE MARKETS
The Warm Weather Interferes with the
Operations Of Traders On Change.
Wheat Opens Strong, but Soon Weakens and
Closes Lower-Corn and Provisions
also Close Weak and Lower.
MONEY AND STOCKS.

Tho Market Opens Active, but Closes Fever
ish and Weaker
NEW YORK. July 20-Money on cali was easy
at per cent
Prime mercantile paper, 405 per cent
Foreign exchange dull but steady at $4.s4 for
sixty days and $4.s5 for demand.
The total stock sales to-day were 374, 439
shares, including Delaware, Lackawanna G
Western 24,340; Erie. $500: Kansas & Texas,
10 605 Lake Shore, 4255O; Louisville & Nash
vile, $500; Missouri Pacific $500; Northwest
ern Is, 80; New York Central, 1857: Northern
Pacific, 245 Pacific Mail, $780, st. Paul, So. 92j;
Texas & Pacific, 1920; Union Pacific, 45, rs;
Western Union, 1885, Northern Pacific, pre-
ferred, 10,2I9; Oregon Transcontinental, 81, 515.
Government bonds are quiet and quotations
firm.
State bonds have been dull, and quotations
shout steady. except the Arkansas sevens, which
are 3 to per cent. higher.
There was some improvement in business in
the general railway bond list, with continued
activity in Erie second consols. and moderate
trading in West Shore frsts, the sales of the
latter being $4,000
The stock market has been again decidedly
active to-day, but without accomplishing the
same results were accomplished during the
past week. The sales were 374, 439 shares, de-
crease, as compared with the five hours of bust
but an actual increase for the
time during which business done.
There were sales of 50, 900 St. Paul az, 500 Lake
Shore and 1880 Oregon Transcontinental.
With the exception of the three stocks named,
the trading in no case was for large amounts,
and business was comparatively well distributed.
1t the opening the room well supplied with
buying orders, which caused prices to open
strong. and in the early dealings some of the
more active stock made further advances from
Saturdays closing prices, of to per cent. 1t
was at this time that the highest prices for the
day were made. The market felt the
effect of a manifest disposition on the part
Of many traders to realize, together with
. resolute attack by some of the prominent
bears, and decided reaction took place before
noon. The total sales for the first hour were
nearly $50, 900 shares. In the afternoon the
market was less active, but irregular and fever
ish, with general tendency downward, espec-
tally for Union Pacific Lake Shore and Western
Union. The publication this morning of an in
terview with Dlr. Vanderbilt, in which that gen
Eleman declares that the railroad war is not set
tied, and will not be until New York
Central has obtained the West Shore and other
similar statements to the same effect, attracted
much attention, and was the subject of much
discussion. There were, however, no new de-
velopments as to the actual situation Of affairs.
A heavy attack on Union Pacific carried the
price OF that stock down from 90, at the opening
60 51a, at which it closed. Western Union
reached its lowest point about o'clock, from
which it rallied over l per cent, most
of the gain being lost in the last
hour. The stock closed with net decline
of LIZ. The grangers were highest at
the opening, and lowest at the close, St Paul
closing i and Nortf western Is lower than
Saturday. New York Central, which rose Il per
cent in the early dealings, fell nearly per cent
by l o'clock, rallied !, sold down again to the
lowest price just before o'clock. and closed on
q slight rally with loss of l per cent Lake
Shore was weak throughout, and closed within
! of the lowest price, with loss of per cent.
There was unusual activity in Oregon
Transcontnental, but it opened and
closed with gain Of only per cent. rising in
the meantime II. Oregon Railway is up +
The Northern Paeifcs were also strong and
each shows gain of J. Manitoba, on sales of
5000 shares, is up 81, after fuctuating between
s94 and L04 III. K. & r. is per cent. lower
Missouri Pacific L. Canada Southern 2, and
others less than per cent. It is said that the
recent developments IN trunkline affairs have
led the B. & o. Company to hasten it's action in
securing an entrance into New York, over the
Jersey Central.
The market closed with the following prices
hid.