The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-22
WHEAT ACTIVE AND STRONG
The Market Develops Unexpected Life,
and Prices Advance One Cent,
The Rise Being Based on Statements that
Milers Are Paying Higher Prices
Provisions Quiet and Firm.
MONEY, BONDS AND STOCKS.

Continued Activity in Railway Bonds-Stocks
Strong and Active.
NEW YORK, Sept 2L-Money on call was easy
ut 1a1s per cent, closing at II.
Prime mercantile c-per, 405 per cent.
Foreign exchan ge--o wing to a scarcity Of com
mercial bills, quotations nave advanced to ST. S3a
for sixty days and 81. s54 for demand
The total sales of stocks to-day were 256, S81
shares, including the following: Delaware,
Lackawanna & Western, $4,000; Kansas &
Texas. 19, CTS; Lake Shore, 3d. 1885, North western,
14,22S; New Jersey Central. .4.26O; New York
Central, IL 96S; Pacific Mail, $780, St Paul, a. 592
Texas Pacific, II. $40; Union Pacific $780, West
srn Union $3.50; Northern Pacific preferred,
z,470; Oregon & Transcontineptal, 5,240.
Government bonds dull and firm.
State bonds very dull, but firm.
The railway bond market was again active,
the sales amounting to 50, 701. 000 There was an
unusual amount of trading in some of the specu-
Jative issues that have been quiet Of late, nota-
bly, the trust receipts of the West Shore frsts.
the sales of which aggregated $499, 900. at a net
advance Of per cent. There were sales of $C49
900 of Erie second consols. The rest of the
business was we'll distributed.
Continued strength and fair amount Of ac-
tivity characterized the opening transactions at
the Stock Exchange this morning first prices
being generally to I above the closings of
Saturday OF the twenty-six most active
stocks, the highest prices of fifteen were
made at the opening, and the others rose
from TO per cent After midday a selling
movement started which continued until
late In the afternoon, resulting in decline of !
to Il per cent. The decline was checked in the
neighbo rhood of o'clock, and slight rally fol-
lowed when the market became steady and
slosed in most cases to above the lowest
quotations of the day. From information OBJ
tanned from what is considered inside sources
there is some doubt this afternoon as to the har-
monious action of the meeting of the presidents
of the trunk lines tomorrow. The problems to
be settled are difficult and complicated, and, it
Is alleged, demands will be made by some of the
companies which the others cannot possibly
grant. President Garrett, of the
Baltimore 81 Ohio, who arrived from
Europe yesterday. declined TO talk in regard to
the matter this afternoon. The sales to-day were
256. 300 shares, Of which Lackawanna contrib
uted AZ, 900 and lost Il per cent; the remainder
Of the active list is down from to per cent,
It is said insiders in this company to-day have
but with very little success Next to IIacka-
wanna, ST. Paul and Lake Shore were the most
active stocks, while Northwestern and New York
Central were quiet. There is decline of for St
Paul and for Northwestern, while Lake Shore
lost and New York Central J. The Gould
stocks generally dull and weak, except
Missouri, Kansas 81 Texas, which is unchanged
The market closed with the following prices
bid.