The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-22
WEAKNESS IN THE MARKETS
HEect OF War News Overcome by Favor
able Weather in the Wheat Region.
me Grain Market Subjected to Frequent
fluctuations, but the Tendency Is Toward
Lower Prices-Preyigions Lever.
MONEY AND STOCKS.
Ine New York Market Opens Strong, br
Closes Irregular.

1h0 New York Market Opens Strong, but
Closes Irregular.
NEW YORK, April 2l.-Money on call con-
tanuss easy at la II per cent, closing at / per
ouHk
Prime mercantile paper, 4a5 per cent
Bar silver, $1094
Foreign exchange is quiet at unchanged quo.
tions; actual business is done at $500 and
SkS7s.
The sales of stocks today aggregate 235, 692
shares, including the following: Delaware,
Laekawana and Western, %, 700; Lake Shore,
$500; Northwestern, 81, 800; New York Cen
trail, $780, Pacific Mail, % 200 St Paul, 81, 600;
Union Pacific 49, 500.
Government bonds were very strong. the reg
istered four and-ahalf per cents. showing gain
IN quotations of and the tours of / per cent
There were sales of coupon tours at 1921.
State bonds were quiet and steady, except
some of the Virginia bonds, which are higher.
There was moderate business in railway
bonds, but the trading was very we'll distributed
and prices are generally higher, although tn o
gains in most cases are only fractional
The European news this morning was more
warlike, and the stock market opened strong
and in the early dealings made advances of to
per cent over the closing quotations of yester
day. This occurred during the first hour, but
early dispatches from Chicago confirmed the re-
ports already received to the effect that the rail
road fight between the different roads leading
west from Chicago was assuming very serious
proportions and was undoubtedly increasing
The marked closed on a slight rally from the
lowest figures reached for many stocks, but at
bottom quotations for others. A very noteworthy
change in the general tone of the market is
shown in the fact that its disposition is to be-
come dull and listless whenever prices weaken,
and more active as they advance which is the
direct reverse of the tendency for long time
past until recently The total sales were 235, 500
shares. of which St Panl, Union Pacific, North
west Pacific Mail, and Lackawanna contributed
II per cent The closing prices this evening are
irregular compared with yesterday, with the
break occurred shortly after midday, when
the afternoon it sold off slowly but
rallied to and closed at 95s. St. Paul.
which was the most active stock on the list, rose
in the early trading, and then slowly but per-
sistently declined throughout the day until it
touched 69s, but closed on a decided rally at 70a,
d loss of only per cent Northern Pacific pre-
terred shows loss of (. The strongest stock on
the list was Union Pacific, which rose early to
49, and in the break in the afternoon yielded to
lSk but rallied to 40 and closed at 4Ss Missouri
Pacific is per cent higher, due partly to the an
n0uncement that all the litigation that can in
any way raise the question as to the validity of
the companys corporate existence has been set
tied Louisville & Nashville is also up 1.
The market closed with the following prices
hid: