The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-23
A BEARISH WHEAT MARKET
Influenced by Better Crop Reports and
Easier Foreign Markets.
Corn Continues in irsir Speculative Request
and Closed IIigher-PrOyisions Quiet but
Steady-0ther Markets Unchanged
MONEY AND STOCKS.

Railway Bonds Active--sienifcaut Advance
I'm Jersey Central.
NEW YORK, July 22.-Money cali easy at per
cent Prime mercantile paper as per cent
Foreign exchange quiet and unchanged
The total sales of stocks to-day 1856 794 shares
Including Delaware Lackawanna Western, %, $50;
Denver & Rio Grande, {: 200; Erie, 1900; Kansas &
Texas IS eco: Lake Shore. "a AGO. Louisville &
Nashville, 9 $50 afichigan Central, 1865; Missouri
Pacific, A. $50, Northwestern, 1879; New Jersey
Central, 81 ,475; New York Central, 1913; Read
ing, $500; ST. Paul, 81 Cos; Texas Pacific 1900;
Union Pacific 81 426 Western Union, 23,6S5;
Northern Pacific preferred 5000; Oregon Transcon-
tinental 8 go.
Government bonds have been dull, but quotations
are firm.
State bonds have been neglected
Railway bonds were again very active, but the pPin-
cipal business was confined usual, to trading in
two securities the sales of WestShore frss being 81
066 600 and of Erie seconds, consols, 8 30, 900.
leaving 81 1868 0G0 foI the investment list There
was a decided advance il the West Shore frsts
to-day than there has been for some time past and
the bonds sold higher than any time before in many
months West Shore opered at i 81, and sold two
three times during the day a: Al, but most
Of the fluctuations were ,es;n made - between aas
al advance Of per cent. Erie second consols rose
in the forenoon from 5912c to 6Ohsc and about
steady in the afternoon to within fraction of 80,
advance of only l2 per cent.
The most prominent feature of to-day's stock
ket has been the great advance Jersey Central Phil
adelphia & Reading following second best The
general market was moderately active sales being
1856 794 shares decrease from yesterday of 8 500
and Jersey Central was the third most active stock Oh
the list. 1t opened l. per cent higher at dolce and
during the forenoon to 44c, bat yielded again
20 43;Sc, the transactions being generally in small
lots of 100 to 300 shares In the afternoon the stock
was duh until 2 O'Clock, when it mad advanced to
44le. In the next half hour it to 40, and be-
tween that and O'Clock, jumped to 4I12 and closed
at that price there being difference at times Of y
between DtatlOnS
advance as pared with last evening is ZIP per
cent. During the time, Reading rose 10 per
cent. to 1872 and closed l6 lower with sales Of only
6, 500 shares. The only assigned for tins
sudden advance in the price Of Jersey Central
that it being bought generally for the
account of the b. & o. railroad which having failed
to induce the Jersey Central Ulcers ratify the b.
& 0 agreement with Reading for through New
York connection suddenly determined 20 secure d
found few believers. that purchases being made
for the account of Vanderbilt who found necessary
go increase his holdings of the stock carry the
agreement alleged to have been made be
tween the New York Central and Pennsyl
Vania roads The other notably strong
stocks were Pullman Palace Car which gained 3 per
cent, per cent. of which subsequently lost.
Ia per cent the grangers, Western Union and Lake
Shore Western Union reached its highest point late
in the afternoon and closed after reaction of Il per
cent, at 66lo St Paul also shows net advance Of
L. after decline of il from the highest price of the
day, and Northwestern is up j per cent. New York
Central is up 3s. and Lake Shore e. Both reached
their highest price before noon and compare
lively steady in the afternoon. closing within Is of
the highest quotations reached.
The Iketc closed with the following priceS hid