The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-06
A HEAVY DECLINE IN PORK
Causes a Weakness in Wheat, Which
Closes Easy and Lower.
4 Marked Speculative and Shipping Demand
for COrn-0ats Firm and Steady-Pro-
visions Excited and Very Active.
MONEY AND STOCKS.
an Glasses of Bonds Dull-Stocks a Litu
More Active.

al GLASSES OF Bonds DulI-StOckS L1tuS
More Active.
NEW YORK, Aug 5-Money on call was easy
ut II per cent.
Prime mercantile paper 405 per cent.
Foreign exchange was quiet and unchanged.
The total sales of stocks to-day were 233 007
shares, including Delaware, Lackawanna &
Western, 43, 23O Erie, 10, 255; Kansas & Texas,
1870; Lake Shore, 500 Louisville & Nash
vile, TO- 300 Missouri Pacific, 800; North
western, IL, 500; New Jersey Central, $780,
New York Central, 1900; ST Paul, 19500
Union Pacific, 1885; Western Union, 3OG05;
Northern Pacific preferred, 6,775; Oregon Trans
continental, 1880
Government bonds have been quiet and strong
State bonds are dull and without material
change.
There was a moderately active business in
railroad bonds, Erie second consols contributing
$685., 900, West Shore frsts $l2s, OOO and the re-
mainder of the list $4,000. The advances
made were mostly in the afternoon.
There was some improvement in o-days bust
ness on the Stock Exchange. At times the
market was fairly active, but the movement of
was the direct result of manipulation,
and by less skillful hands than have
controlled operations at times in the past.
Late in the day business relapsed into degree
of dizziness seldom equaled. The total sales for
the last three quarters of an hour were less than
1000 shares The transactions for the day were
E33, 600 fshares, increase yesterday of
S6, 500 shares; but most of the increase was in
I1ackawanna--43,2 30 shares against only $50
yesterday-and Western Union--30, 600 against
IA, 430 yesterday.
The movement in prices to day was quite
irregular, one or two stocks moving upward
while others neglected or weak Generally
speaking, however, the Gould stocks and Lacka-
wanna led in the mornings decline and North
western in the afternoons advance. The
dulness so great late in the day that the
market closed without decided tone. There
was slight advance at the opening in many
cases, but it was soon followed by general weak
ness, during which Lackawanna sold from 1913
70 98s. These were the extreme prices of the
day. In the afternoon it rallied to 1901. sold
again at 99s, back to 100, and closed at 99a-a
net loss of q per cent. Union Pacific was weak
in the afternoon. but, after fluctuations with a
loss of per cent, closed at 47s Western Union,
which fell in the forenoon II per cent,
to 67s, recovered the decline before 2
o'clock and at the close A shows a
made gain of : per cent in the morning, but
lost it before noon. After midday it developed
remarkable strength, selling up Il per cent. from
the lowest quotation of the forenoon, to 100; but
later declined J. and closed at 99a-a net advance
of Il per cent The statement of the company
for the month of July shows increase in
earnings over the same month last year of $97,
500 st. Paul. although little more active, fuc
tuated within narrow range, and this evening is
up per cent The Vanderbiits were quiet, and
New York Central closed unchanged, while Lake
Shore is lower. Central. of New Jersey, was
feverish, and closed with a gain of Il per cent.
Reports came from Chicago, and were credited
here, that consolidation OF the Pullman and
Wagner seeping-car companies was to be eff
fected at an early day. Nothing was learned
here in regard to the matter but Pullman stock
roee from 1853 to 1881, and closed with gain of
per cent; Memphis q Charleston is up / ! per
cent Other changes are for fractional amounts,
and most of them show declines.
The market closed with the following prices
bid: