The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-20
HIGHER PRICES FOR WHEAT.
The Market, After Considerable Fluctu-
alton Closes at the Highest Figures.
Corn Ruled Easier, but Borrowed Strength
from the Wheat Market-PrOvisions
Steady and Nominally Unchanged.
MONEY AND STOCKS.


transactions on the Stock Exchange.
NEW YORK, July l&-Money on call easy
at per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange dull and unchanged.
The total stock sales to-day were AS, 651
shares, including Central Pacific, 1910; Della
ware Lackawanna g. Western, 80, 800; Erie,
I7,435: Kansas & Texas, "a, COS; Lake Shore,
49, 200; Louisville & Nashville, 1895: Missouri
Pacific "a, COS; Northwestern, %, 815; New York
Central, %, Ais; Northern Pacific, 6,642; Pacific
Mail, 6, 178; St Paul common, 60, 630; Texas Pa
eifc, 10, 16O; Union Pacific $4,000; Western
Union, 80, l66; Northern Pacific, preferred, TO-,
537; Oregon Transcontnental, 19,045.
Government bonds are quiet and firm.
State bonds have been very quiet and quota
tons about steady. There was again large trad
ing in Erie second consols, to-day, accompanied
by a further decided advance in price The
bonds were very active IN the forenoon, during
which they rose from SIS to 59s. In the after
noon, they touched 90 and closed on a
per cent The bonds have not sold
at that price before, this year. The transactions
aggregated 81, $4,000 West Shore irsts were
less active, the sales being only $28 00O and at
trading in the rest of the list 1915, 600. and
prices are generally higher The sales for the
week were $l9, 900 600, which is the largest bust
ness done during any week for the current year.
The advance in stocks to day was irregular,
the highest price being realized generally in the
forenoon The market was, however strong at
the opening and with only moderate reactions
was strong all day. The important declines oc-
CURED between 1 and o'clock, when, in
one or two cases prices yielded
as much as per cent The market closed, in a
few cases, at the highest prices reached The
net gains, as compared with last evening, are
"a per cent. for ST. Paul q for Lake Shore, Il
for Western Union and Michigan Central Il for
Union Pacific and Canadian Pacific, and frac
tional amounts for the rest of the list
The sales for the day aggregated 49, 700
shares. With the exception Of ST. Paul.
the transaction in which amounted to So 900
shares the business was well distributed. Union
Pacific scored so, 900 shares, and Lake Shore 49,
ZOO One of the reports circulated to-day to &C
count for the recent advance in prices was
to the effect that Jay Gould, Pierre
pont Morgan and some others had gathered
400 600 shares Of stock prior to the advance
and had gone to Mr. Vanderbilt and offered him
any part of the amount they had collected The
result of the weeks operations is a net advance
IN Lake Shore of 81; ST. Paul, 81; Lackawanna,
81; New York Central and Northwestern, each
So; Michigan Central, a; Louisville e
Nashville. q, Missouri, Kansas & Texas, %;
Oregon Transcontlnental and Union Pacific
EACH %; Canada southern, 2, and others less
than per cent The total sales were the
largest of any week during the current year
23l5, ZIG shares-of which St Paul, Lake Shore
New York Central and Lackawanna contributed
1927, 200 shares. leaving little over 1000, 900
shares to be divided among the other stocks
traded in.
The governing committee of the Stock Elk
change have admitted to the list 81, 615, 900 Chi
cago & Northwestern Railway consolidated
z per cent sinkngfund bonds of 1915
OF this amount 81, 100000 are to be used for
taking up and canceling preferred sinking fund
general first mortgage and extension bonds that
mature Aug l. The new bonds will not be
dealt in on the exchange till Aug. l, at which
time the bonds which mature on that date will
be dropped from the list.
The weekly bank statement today shows the
following changes:
Specie, lncreaSe.- 1Ol, 1OU
Legal tenders increase. 1872 500
Deposits increase. OBSERVATION-DISCLOSURES. a, 1874 600
Circulation, increase. Observation-Disclosures. 500
Reserve, increase. OBSERVATION-DISCLOSURES. 672,75O
The banks now hold 4573 473 in excess of
legal requirements.