The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-28
LIGHT TRADING ON CHANGE.
Limited Transactions in Wheat Until
Near the Close of The Session.
When the 'GLongs" Manifest Disposition to
Offer Considerable Quantities - Little
Doing in Provisions, and Prices Easier


a.
Weak and Dull at Lower Prices.
New YORK, June 2T-Money on call was
easy at per cent.
Prime mercantile paper, "A per cent
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were 80, 862
shares. including the following Delaware,
Lackawanna & Western, 80, 0S4; Lake Shore
5,100; Louisville 6 Nashville, 6,435; Northwest
ern, 1000; New York Central, 1850; Pacific
Mail, 1885, ST. Paul, "a, 625; Union Pacific
1896; Western Union. 3,40.
Government bonds are dull and firm, except
for the threes which are shade higher.
State bends were very dull all day, but quo
fations were steady.
The railway bond market has been dull to-
day, and over two. thirds of the business was in
West Shore and Erie second consols, the sales
Of the former being $500, 900 and of the latter
$40, 900, while the total transactions amounted
20 1902, 900. Prices were irregular, and
the changes in many cases were only for small
fractions. The total sales for the week have
been $12,5s9,000
The stock market has been weak to-day, New
York Central, Pacific Mail and Central of New
Jersey leading. At the same time business has
been very dull. Prominent brokers say. how
ever, that there are two spectators ready to
trade in stocks to-day to one six weeks ago, and,
barring adverse influences In certain special
stocks, the market exhibited strong undertone.
Notwithstanding the decline for the past two
days. the street is sbullish" on the situa
ton. The market opened weak, and after
fractional Decline rallied generally to a shade
above the opening quotations, and then slowly
sagged off during most of the remainder of the
day. There was little rally in the afternoon,
followed by decided weakness between and 3
o'clock, in which Jersey Central led, the
announcement that the company had decided
TO give the Reading company another chance to
retain the lease of the Central and an intlmatlon
was therefore forwarded to the Reading company
In which it was stipulated that if the Reading
company does not pay the July dividend when
due, legal proceedings will be begun at once to
annul the lease. This is final. President Little
says there is little doubt that the lease will be
cancelled The Jersey Central Company, it
rs stated, has also decided not to allow the cou-
pons due july to be bought. The negotiations
between the Central and the Baltimore & Ohio
are still pending. The street was in possession
Of nothing of interest regarding Pacific
Mails loss of its steamer at Yokohama,
but the stock was pressed for
sale at every opportunity, and it
sold down to 48s, but in the afternoon showed
more strength than the general list, and closed
still talk ''bullish," and Northwestern only
shows loss of I. The principal coal stocks
were also weak, Lackawanna losing net !, and
Delaware and Hudson 1. Other de-
clines are generally for fractions less
than ], but none of the active list
shows any gain. Louisville & Nashville is un-
changed. Rock Island sold ex dividend this
afternoon. The total sales for the day were
only $50, 1862 shares of which Lackawanna, ST.
Paul, New York Central and Pacific Mail con
tributed nearly 100, 900 shares. Comparing prices
this evening with those of a week ago, everything
is lower except st. Paul, :; Louisville & Nash
vile, 5; Chicago, Burlington 81 Quincy, !; and
Missouri Pacific. ! higher The greatest decline
was in Pacific Mail, AZ, but New York Central is
down B. Delaware & Hudson and Lake Shore
each. q; Jersey Central, q, and others smaller
amounts. The total sales for the week have
been larger than any time for six weeks past
amounting to 2l9 244 shares
The weekly statement of the associated banks
issued to day, shows the following changes:
Loans, increase pa, So1, IUO
specie, decrease OS4, NV
1egal-tender, increase Z,9O1,7 700
Deposits, increase SOP, 300
Circulation decrease. ------.-----....-. 6S, 100
Reserve, increase Soo,3L0
The banks now hold sos, 1894, 425 in excess of
legal requirements.
The market closed with the following prices
bid