The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-03
A DULL DAY ON CHANGE,
The Approach of the National Holiday
Causes Falling Off in Business.
Wheat Continues Moderately Steady, with a
Strong Tone-COrn Slightly Lower
Provisions Very Weak and Unsettled.
MONEY AND STOCKS.
Wide Fluctuations in Railway Bonds-Stocks
Lower but Strong.

Wide Fluctuations in Railway Bonds-Stocks
Lower but Strong.
New YORK, July Mooney call was
easy at II per cent.
Prime mercantile paper 4 as per cent
Foreign exchange dull at s4.S4s for sixty
days, and 81 854 for demand.
The total stock sales today were 206, 9S2
shares, including the following: Delaware,
Lackawanna & Western, 45, 1888; Lake Shore,
a275; Northwestern, Is, $50; New Jersey Central,
I1,635; New York Central, Ia, $40; Pacific Mail,
1920; st. Paul, 80 49, Union Pacific, 1885;
Western Union, 1886.
Government bonds are quiet and quotations
firm, especially for the tours.
There has been no business in State bonds,
but quotations are firm.
About the usual amount of business continued
10 be doue in railway bonds for investment.
The trading in two or three speculative int
rests however fuctuated wildly. The sales or
West Shore firsts amounted to $3.50, 000 and OF
Erie seconds consols to only $50, 600: while the
sales of all bonds amounted to $l,015, 100 Prices
are generally higher.
The stock market has been unusually irregular
to-day, but the result of the days operations is a
greater or less decline for nearly everything on
the active list. The weakest stocks were the
RTduSeTS, AeflLEdl VI N0W Jersey duu
Mail, and the strongest were the Vanderbilts
Lackawanna and Gould stocks. except Pacific
Mail. The business of the day foots up nearly
rs many shares as yesterday, but the dealing
In Lackawanna grow less day by day, the sales
to-day being d, 400 shares. There were trans
actions in Pacific Mail amounting to 46, 400
shares, and in Northwestern to 49, 900 shares
These were the active stocks Pacific Mail de-
s0ped eay weakness +h selling down from
but A yielded to AZ: Gas from WHICH Which
it rallied to 47s and closed with net loss of Is
1t is semi officially announced that a dividend
will be declared about the 10Th of July, when the
company will show enough casa on hand to pay
the dividend and still have surplus of $40, 000
It was announced to-day that the Reading Com
pany had stopped sending daily remittances to
the Jersey Central, and that counsel for the
Jersey Central had beer in conference with the
president preparing proposal to be submitted
to the court, asking that the lease be set aside,
and the road restored to its stockholders.
There was some activity in the stock this
morning and after fuctuating considerably it
closed with net loss of Il per cent. Lackawanna
opened at g. sold down quickly to Co., and then
developed considerable strength in the
forenoon, in which it rose to 923, but
it fell later to 90s rallied to go and closed with
net gain Of ] per cent at 919 New York Cen
trail is unchanged, after fluctuations of only !
per cent. and Lake Shore is ] lower, with fuc-
tuations per cent 1t was said London com
mittee representing New York Central stock
holders is expected to visit this country soon for
the purpose of looking into the management of
the New York Central St Paul was dull in the
forenoon and more active after midday, with the
prices steady at fraction above II. until
o'clock, when the stock declined rapidly to 7O2
and after selling at re closed at FOG. Traders
claim that they detected holders of the stock at
tempting to realize and the break Immediately
follnwaa- NaDtlsrrootcru ir s-lse /, ssrd
within of the lowest price of the day. The
market closed strong on a rally from the lowest
prices.
The market closed with the following prices
hid: