The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-26
DULL MARKETS ALL AROUND.
The Bulls and Bears in Wheat Come to
a Practical Deadlock,
Ind Find 1t Impossible to Put the Price
Either Up or DOwn-Corn Sympathizes
with Wheat-ProvisiOns Easy.
MONEY AND STOCKS.
q Further Decided Weakness Developed in
the Stock Market.

the Stock Market
New YORK, July 25-Money on call was cas-
OR at II per cent.
Prime mercantile paper 465 per cent
Foreign exchange quiet but firm at $4. So for
axty days, and s.. S6l for demand.
The total stock sales to-day were 35lS5l
shares, including Delaware Lackawanna
g. Western, l9,06O Kansas & Texas, 1885,
Lake Shore, 50, u.s. Louisville & Nashville, 13,
$50; Missouri Pacific. 5000; Northwestern, H.,
$50; New Jersey Central, 1920; New York Cen
trial. 500; Pacific Mail, 10 $50; St Paul, g. 725;
Union Pacific &C. 7G0 Western Union, So, $50.
Oregon Transcontinental, 1910.
Government sonds were quiet and strong.
State bonds have oeen dull and firm.
The railway bonds 4. lrket has been unusually
dull today the total sales being only 81, 760 $780,
Of which West Shore contributed $606, 600, and
Erie seconds, consols, 1858, eco, leaving only
s6l6, 600 for other issues. In sympathy with the
stock market, prices generally have been weak.
There was a further decided weakness de,
veloped in the stock market to-day especially in
tho forenoon. The break was led by Union
Pacific, which sold down from 80 to 465c before
midday, with large trading. The declines in the
eest of the list were for smaller amounts, but
the whole market was weak and irregular.
The break was accompanied by active
dealings, the sales for the forenoon
amounting to 100, 600 shares After midday
the market became quiet, and in many cases
there were fractional recoveries followed later
by renewed weakness, especially in the grangers
and the Vanderbilts, which was checked, how
ever, a little before o'clock, the market closing
dull and irregular but in nearly all cases little
above the lowest figures Of The
day, Some idea of the, irregulaIity of
market may be obtained by the
statement that the lowest prices for Union Pa
sifc, Pacific Mail New York Central and Lacka-
wanna reached in the forenoon, while
Western Union, Missouri Pacific ard Louis
vile & Nashville did not touch their
lowest figures until some time after
midday. and Northwestern, ST. Paul,
the close of the board. By 2 o'clock Union Pa
eiic had recovered nearly per cent, but in the
last hour 1t developed renewed weakness selling
down within per cent. of the lowest quotation
of the forenoon. 1t rallied with others, just at
closing making the net loss for the day q per
cent, with transactions aggregating 96, 789
shares, over q per cent. of the total days
business. Conservative operators who have
been bulls for the past three or four months, do
not hesitate to say that the market should have
reaction of as much as 10 per cent before it is
. safe purchase again. They are predicting
40 for Union Pacific, 20 for St. Paul, 50 for
Lake Shore, 50 for New York Central,
and 60 for Western Union. So far as the street
is concerned, the condition has entirely changed,
and the feeling is a bearish one. The net re
suits Of. to-days operation is decline of /! in
Western Union and st. Paul, and ! in Reading,
II in Lake Shore, Michigan Central and Jersey
Central and per cent. in Northwestern and
Louisville & Nashville. New York Central
is down only /, and Lackawanna J, while Chi
sago, Burlington & Quincy is up l per cent,
she only important advance. There was again
the same effort to break Reading by selling it in
twentyshare lots. The most important changes
since week ago are declines of u in Union
Pacific in Missouri Pacific q in Pacific
Mail, II in Lake Shore, L. in Western
Union, and l in Lackawanna. while
Jersey Central is up 81: Manitoba
81; Michigan Central %, and Omaha preferred
q. The sales for the week were 2 81, 44 shares,
the largest on record for many months exceed
ing by a few thousand shares, the business of
last week Of this weeks business. seven stocks
Union Pacific. St Paul. Lake Shore, Lacka
wanna. Western Union, Northwestern and New
York Central-contributed 1000, 600 shares.
The market closed with the following prices
bid: