The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-30
A FURRY In THE MARKETS,
Caused by News of Warlike Charac-
ter from Far-0f Afghanistan.
A Good Deal of Excitement Results from the
Efforts of the "Shorts" to Coyer-Pro-
visions Slightly Higher.
MONEY AND STOCKS.

Railway Bonds Active and Firm-Large Sales
and Heavy Break in Lackawanna.
New YORK, June 29.-Money on call was
easy at 2 per cent.
Prime mercantile paper, AIS per cent
Foreign exchange was quiet at 81 8fs for sixty
days. and S. 85a for demand
The total stock sales to-day were 264, 324
shares, including the following:
Delaware Lackawanna & Western, lis, 485;
Delaware & Hudson, 5000; Lake Shore, 1l,02O;
louisville & Nashville, oslo; Northwestern
1900; New Jersey Central, $780, New York
Central, 15,2Os; Pacific Mail, 1O43O; ST. Paul,
$500; Union Pacific, 24,7O0 Western Union,
$500.
Government bonds were more active, and
quotations firm, except the threes, which are /
lower.
State bonds have been little more active,
and quotations are steady
The railway bond market has been only
moderatively active Not including the two
leading speculative issues, the total sales were
$255, 000-Erie seconds and West Shore frsts
sales taking over one half of the total. Prices
are lower for the active issues. The trustees of
the Kansas Pacific railway consolidated bonds
have bought and retired, since December "a
last 81 600 GOO of these bonds, reducing the
Union Pacific bonded debt that amount 1t is
estimated the land sales will permit the retire
ment of another million of these bonds by Jan
uary / next Ali the leading roads in
Texas, including the Gould and Huntington sys-
TENS, have entered into a ten year pooling ar
rangement and rates will be advanced on the
LIST of July.
The feature of to-days stock market has been
AL IL klNo
development of single item of news affecting
the intrinsic value of the property. The decline
Is attributed to the action of single broker who
is generally supposed to control the price of the
stock. 1t is reported that he recently disposed
of large portion of his holdings OF
the stock, and after giving additional
orders this morning to sell, left
the street, and has not been seen during the re-
mainder of the day. Some persons believe that
he has also gone short of the general list
Whatever may be the cause, Lackawanna
opened this morning at 1909, the same as it
closed on Saturday evening, and after selling at
1908 rallied to l01 during the first hour, and
then steadily declined, on heavy sales, until it
later it rallied to 97s, and closed at
974 with fluctuations of ~ The total
sales of Lackawanna were 1l5,485 shares.
while the total sales for the day of all stocks
were 264, 900 shares, leaving only 14S 800 to be
divided among the rest of the list. of which ST.
Paul and Union Pacific contributed 60, 900 shares
The rest cf the list was decidedly dull the sales
in no case amounting to as much as IA, 900 shares
The highest prices for the general list were made
at or soon after the opening, and the lowest
generally little after / o'clock Pacific Mail
closed with net gain of Z; Central
of New Jersey is up ]. and Louisville e.
Nashville is higher With these exceptions the
closing quotations were from to lower than
the final sales Saturday, but generally only / to
4 below the highest prices reached today 1t
was announced this afternoon. that the Jersey
Central Company will file its petition this week
for the annuling of its lease to the Reading. and
that the interest due on July will positively
not be paid then The rally from the lowest
prices was from to per cent.
The market closed with the following prices
bid