The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-14
STRONG FEELING In WHEAT,
1ue in Large Measure to an Expected
Decrease In the Visible Supply,
Ind to an Anticipated Falling Off in Receipts
at Principal Receiving POints-Pro-
visions Strong and Higher.
MONEY AND STOCKS.

Money Easy-Stocks Strong, with Heavy
Dealings, and Tending Upward.
New YORK, July 13.-Money on call was
easy at per cent.
Prime mercantile paper Al per cent
Foreign exchange was quiet but steady, at
a So for 60 days and $780, for demand
The stock sales to-day aggregated 341, ia
shares, including the following Delaware,
Lackawanna & Western, 40675 Erie, 11,050;
Kansas & Texas, $500; Lake Shore, SO, $50;
Louisville & Nashville, 15.415; Northwestern,
5.OO5; New Jersey Central f. 25; New York
Central, 81, TG; Pacific Mail, 10. l05; ST. Paul,
$3.50; Union Pacific, 1860; Western Union.
"a, 565; Northern Pacific, preferred, $3.50; Ore
gon Transcontinental, 6, $50.
Government bonds were quiet and quotations
rather weak for the threes and fours.
State bonds have been quiet and quotations
steady.
Railroad bonds have been more active and
stronger, in sympathy with the stock market,
especially Erie second consols, which are II per
cent above the opening. West Shore frsts have
recovered the morning loss.
The stock market has been strong all day
The belief is very general on the street that the
railroad troubles have been so nearly settled
that complete adjustment of differences 8
practically assured. Stories have been afl0at to
the effect that the papers have already been
signed: but this is not generally believed 1t is cur
rently believed. however, that President Depew,
of the New York Central is decidedly in favor of
adjusting the past differences, and that he is
taking an active part in the present regulations.
1t was reported on the street, to day, that he
had gone TO confer with Mr. Vanderbilt. Some
of the more prominent bull operators say that
they taking little active interest in the
market at present, as they do not wish to see
prices advance too rapidly: and the disposition of
the public at present is sufficient to carry the quo
tations upward fast as IA healthy condition of
the market will warrant. They talk confidently
however, of much higher prices, subject
always to moderate reactions. Although there
were only four hours during which the Stock
Exchange was open today, the total sales were
341, IVA shares an increase over Saturday of
g., 800 shares. The most active stocks to-day
were St Paul, Lackawanna, Western Union,
New York Central, Lake Shore, and Northwest
ern, in the order named, the total transactions
In which amounted to go 800 shares, leaving
ITO, 300 shares to be divided among the rest of
the list. Nearly 40 per cent of the days business
was In St Paul and Lackawanna. Prices at the
opening this morning were, with few exceptions,
at or above the closing quotations last week
but during the first hour there loss of !
@3 per cent. which was recovered, however,
shortly after The exceptional declines in
that line were Central, of New Jersey !, and
Western Union, l per cent. The market made
slow but steady movement upwards from noon
till 2:30 O'clock, and in the last half hour there
was more rapid advance, with increased action.
Prices in most cases at the close were a shade
below the highest figures Of the day
but the market closed strong, with consid
cradle excitement The result of the day IS
operations is net advance of from
| to Il per cent, except for Canadian
Pacific and Western Union, the latter closing
with net loss of per cent st. Paul was also
comparatively heavy until late in the day, when
it made sharp upward movement, closing with
gain of Ii per cent.
The sales of West Shore frsts were ST. 897 co.,
and of Erie second consols 81 486 000 while the
total transactions in all other issues amounted
only to $4,000. The trustees of Kansas Pacific
consolidated bonds are in the market again as
buyers
The market closed with the following prices