The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-04
VERY FEW OUTSIDE ORDERS,
And Business in Wheat Limited Almost
Entirely to Local Transactions.
The Frost Reports Send Up the Price of Corn
o Few Points-Provisions Primer and
Higher-StOcks Dull but Firm.
MONEY, BONDS AND STOCKS.
Honey Easy-Railway Bonds A~ctive-Stocks
Dull and Lower.

Honey Easy-Railway Bonds Ac~tive-StOcks
Dull and Lower.
New YORK, Sept. 3.-Money on call was
sassy at 1014 per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was was weak at 4.823 for
sixty days, and g. 844 for demand. The weak.
mess of foreign exchange is due to the presence
of cotton bills and an absence of demand from
importers.
The total sales of stocks to-day were 1913, 213
shares, including Delaware. Lackawanna &
Western. 16. 76O; Erie, 5000; Kansas & Texas,
vile, $685.; Northwestern, $3.50; New York
Central, 7,945; st. Paul, 24,085; Texas Pacific.
9s5lO; Western Union, 20,047; Oregon & Trans
continental. 5,275.
Government bonds have been dull and strong.
State bonds have been neglected.
The railway bond market was again more
active, With a heavy trading in Erie second
sonsols, the sales OF which were 81. 1873, 600, dur
ing which the price rose from 664 to 67kk, broke
10 66s, rallied again to gu. and finally closed
weak at 66g-a net loss of l per cent. There
was also considerable speculation in East Ten
nessee, Virginia & Georgia issues, the transact
ions agggregating 1873, 0O0. Tie incomes de-
clined !, to Is, and the consolidated fves Is, to
b822, after selling as high as SO. The West
Shore frsts rose IL, to AL, and there
were sales of the trust receipts at 44ss-no
change. It is claimed that the Gulf, Colorado &
Santa Fe company has been buying the securi-
Ties of the Fort Worth & Denver City for the
purpose of securing control. The Fort Worth &
Denver 6rsts rose to day %, to TIL, and Gulf,
Colorado & Santa Fe firsts declined /. to Ill.
The Denver & Rio Grande Western frsts are
mp !, at 514. At the Office of the company in
this city it is stated that the proposed funding
scheme for taking care of the past-due coupons
is being favorably received by bondholders, and
they have no doubt that the desired amount will
assent to the proposition.
The stock market was dull and firm nearly all
lay, until during the last hour, when there was
Adecided break in prices, during which, in a
majority of cases, the earlier advances were lost
and something more. There were only slight
changes in the opening quotations from the clos
ing prices yesterday. but the upward movement
began almost Immediately after the opening,
tinued to climb slowly higher until about
j r. NJ, when, in most cases, the
highest prices of the day were made.
The gains in no case. however, amounted to as
much as | per cent. The market was then steady
until after 2 p. NJ, when it began to decline. An
attempt was made on the part of the Union Pa
eifc pool to sell that stock. the result of which
was q break from 50a to 49,, from which there
was a late rally to so. and another decline to 49Ss,
which was stopped at that figure by the sounding
of the3 o'clock gong-a net loss of II per cent.
The break was further aided by reports that the
net earnings for July would show a large de-
eraase. The reported dealings in the stock
during the day are the largest of any on the list,
but they amount to only "a, 500 shares. The
grangers have been dull, and closed with only
slight changes. Reading is down / and Lacka-
wanna per cent. Reports regarding the pres
ent condition of the coal business continue very
unsatisfactory. 1t is understood that the
Lackawanna company has made further con-
SESSIONS in prices during the last two DAYS, and
that the reduction has haen met oy the Lehigh
%TV::.iley. fNsone 81 the active stocks are higher
except Pacific Mail. which closed with a gain of
l. The market closed about steady, after a
Blight rally, and generally ! to ! per cent. above
tbe lowest prices of the day.
The market closed with the following prices
hid.