The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-15
AN ACTIVE DAY ON CHANGE.
Great Excitement in the Grain Markets
Accompanied by Higher Prices.
Provisions Show Increased Strength, and VAL
ues Advance Slightly-Bond and Stock
Markets Dull but Very Steady.
MONEY AND STOCKS.


Tho New York Market Generally Dull, but
Prices Are Slightly Higher.
New YORK. April l4.-Money on call contin-
mes easy at per cent, closing at 1.
Prime mercantile paper, 405 per cent
Bar silver, $l.07a
Foreign exchange is quiet and unchanged
actual business is done at 81 854 and 81 S7A.
The sales of stocks o-day aggregated 160, 955
shares, including the following Delaware, Lack
awanna Western, %, coo; Lake Shore, 22000
Northwestern, q, 900; New Jersey Central, 5000
New York Central. 1000; Pacific Mail, 81 900
ST. Paul, $4,000; Union Pacific, 1000; Western
Union, 1000.
Government bonds have been quiet with ar
advance of per cent. in the quotations for the
tours and the four anda-half per cents, and a
decline Of in the threes. There were sales Of
the fours at 1913 0121a late in the day.
State bonds have been quiet but quotations
are generally firm. There was fairly well dis
tributed business in railway bonds. none of which
were active except the Erie seconds and the West
Shore frsts, and they only in the early part OF
the day The total of the sales was 1919, 900, a
decrease from yesterday of s53, 600. Prices this
evening are generally higher than they closed
yesterday. Speculation In Wall street continue
in waiting mood, and the stock market remains
dull and featureless The general opinion Is
that the first effect of declaration of war in
prices, and probably this opinion has greater
number of advocates to-day than week ago,
but there is manifest disposition on the part Of
operators to take no further important risks un-
ill something more definite is learned
regarding the European situation. There
were few stocks to-day which fuctuated as
much as per cent, and the total transactions
were only l6099O shares-a decrease from yes
terday of s., 800 shares There were five stocks
on the list to-day the trading in each Of which
amounted to more than 10000 shares, and the
total was III, 900 shares, or nearly SO per cent.
of the days business in all the stocks traded in.
These were Lackawapna, Northwestern, ST.
Paul, Lake Shore, and Pacific Mail. The total
sales OF no other stock on the list amounted to
more than 1920 shares At first prices were
generally at or shade above the closing quota
tons of last evening, but they were followed
Immediately by slight decline and extreme
dullneBs which continued with only slight f1uc-
tuations until o'clock In the last hour some
activity was infused into few Of the stocks,
especially Pacific Mail, the grangers, the Van
derbilts, and Lackawanna; and the market
finally closed somewhat feverish at prices that
ara pretty evenly divided in numbers between
advances and declines as compered with last
evening.
It was given out to-day that the Pacific Mails
quarterly meeting to consider the question of d
dividend would be held to morrow, and that the
usual amount would probably be declared, on
which the stock rose from 5l5, at which it sold
early in the day to 531 in the last hour closing
at 52s, gain of per cent. Central of New
Jersey, was also strong throughout the day. on a
general understanding that the Reading would
pay the amount due to the Central, on April l..
The stock sold up to 36a and closed higher.
at 36s. The grangers were well held all day,
west, after selling up to $50 aud 73b for St.
Paul, which is within ! of the highest price
reached. The fiuctuation in neither case,
however, amounted to as much as l
per cent Lackawanna gained per cent, at
1914. after selling at 1913; Lake Shore
continued weak and at time sold as
low as 5Sa, but finally reached SO at the close
loss of only per cent New York Central
is unchanged at 90e. Central Pacific fell per
cent to 81 A. and Oman preferred is lower, at
IS. On sales OF 800 shares Manitoba fell to 3d.
3 loss of Iper cent
The governing committee of the Stock Ex-
change held meeting to-day and advised the
brokers who sold Mutual Union stock short" on
Saturday, to settle with the firm of Zimmerman
& Forshay, who bought the stock of them on a
basis of 20 for those who sold at IT. and received
3 per cent margin. and ~ for those who sold al
the same price and received per cent. margin
It is stated that the principal for whom Zim
norman e Forshay bought the stock has au-
th0rized such settlement, and most of the
brokers have already made settlement on this
basis
The market closed with the following prices
bid: