The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-13
BETTER PRICES FOR GRAIN.
Weakness in English Securities Causes
Another Advance in Wheat.
Corn Also Advances and Provisions Are Mod
erately Active and Prices a Shade
Higher-A Strong Stock Market.
me Market Continues Strong Under the In
fluence of War News.

me Market Continues Strong Under the In
fluenee of War News.
NEW YORK. April 11.-Money on call contin-
ned easy at per cent, closing at ].
Prime mercantile paper, 4a5 per cent
Bar silver unchanged at $106s.
Foreign exchange is extremely dull, with I'm
changed quotations. actual business is done at
kS4a and a. Sc.
Government bonds are quiet and steady.
State securities are quiet and quotations in
some cases lower.
The railway bond market was quiet, the total
aarday Of 500 000 OF today's business, $3.50 900
consisted of transactions in Erie seconds, new
which opened at SAL, sold at 54ss, and then up to
81, closing at 55s-an advance. Of 10
ness was well distributed, the sales in
no cases being for large amounts. Prices were
somewhat irregular, but there were more gains
than losses. Central of New Jersey issues were
prominent for the advances made The total sales
Tor the week (six business days. were &C. 464, 900
IN increase over last week of five business days.
9I2e,oO0.
The stock market continues subject chiefly to
European war news. At the opening, this morn
ing, prices were firm, and, in some cases, to
higher than the closing last evening There was
q manifest disposition the part of the
sShOrts" IN the grangers and the Vanderbilts to
cover. There are rumors that q new s'bull"
combination has been formed in the grangers.
The market continued strong, but only
fairly active until the announcement was made,
near the middle of the day, that England would
probably declare war before Monday when an
&ctive buying movement set in, accompanied by
afurther advance IN prices which continued until
about o'clock In the last hour the market was
firmly held bat made no furthergains, and finally
closed strong near the best price of the day. The
total sales were 274. 900 shares, an increase over
yesterday of SO, 600 shares, but of to-day's bust
ness over % per cent consisted Of sales of North
western. St Paul Lackawanna, Lake Shore, Pa
cifc Mail and Western Union. In no other stock
sid the transactions amount to as much as Is, 600
shares. As compared with last evening" prices
she close yesterday, while c., B. G. @. issup aper
cent, at 1914. The weakest stocks on the active
list late in the afternoon, were the Wander
bits. Lake Shore, which in the gen.
eral advance rose to 60s in the afternoon,
declined later to so. at which it closed
net gain of per cent. New York Central is
up !, at 90s, after selling between 9Gs a 69s;
Western Union fuetuated Il per cent. and closed
Pacific is also u higher. Central, of New Jer-
sey, was prominent for its strength early
IN the day on the general i'm
rsession that the Reading company would in
some way, raise the money to pay the amount
now due the Central and that the relations be-
tween the two companies would continue as
heretofore. President Little, of the New Jersey
Central, has been in Philadelphia in the interest
OF his company, and it is generally conceded
by insiders that the Reading will
not Igive up its hold on the
Central without legal fight Lackawanna was
strong all day, and shows gain Of IL. Della
ware & Hudson is up II per cent. Louisville g.
Nashville gained per cent, as did also Mis-
sour Pacific The other advances were for
smaller factions.
The street was devoid of news having an in
Gnance upon prices, other than the European
waE news. A comparison OF prices at the closing
of this week with those Of last week, shows
u per cent Union Pacific gained Ii; Della
ware Hudson, Il; St Paul, II, and
Pacific Mail and Central Pacific each Ii
perscent. Some of tho inactive stocks, how
ever, are lower notably Oregon e. Transconti
mental, which is down 7, and St Paul preferred
ts "a lower. The total sales of stocks this week
acre 1.ll9,3O0 shares, an increase of 49, 900
over the five days of last week.
Application has been made to the Stock Elk
change for the listing of the following securi-
ties Louisville e. Nashville Railroad Company,
1887 900 additional ten-forty per cent. adjust
inert bonds. making the total amount sold
and issued to date 100000 Atchi
eon, Topeka & Santa Fe, $2,500,0O0 additional
per cent sinking fund secured bonds; New
York & New England So, 600, 900 additional 6
per cent frstmortgage bonds making SIC, 000-
Georgia $217, 600 additional consolidated first
mortgage divisional bonds Included in the
transactions were 1000 Lackawanna. 90 900
Lake Shore $4,000 Northwestern, IL, 900 New
York Central $4,000 Pacific Mail, Al. 900 st.
Paul. 1000 Union Pacific, and 1900 Western
Union.
The market closcd with the following price