The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-01
A SUDDEN CHANGE OF FRONT
Speedy Subsistence of the Furry Caused
by the Afghanistan War News.
Wheat Prices Decline One Cent from the
Closing Figures of Monday, and the
Market Closes Strong and Steady.
MONEY AND STOCKS.

4 Moderate Business in Railway Bonds
Stocks Less Active and Slightly Heavy.
New YORK, June 30-Money on call was
Easy at per cent
Prime mercantile paper, 4a5 per cent
Foreign exchange was quiet and unchanged.
The sales OF stocks to-day aggregated 289, 896
shares including the following: Delaware, Lack
awanna & Western, 80. 425; Lake Shore, q, 800;
Louisville & Nashville, $3.50; Northwestern,
9,96S; New York Central, &c, sos; Pacific Mail
$3.50; ST. Paul. 81 60; Union Pacific, Al, 1885,;
Western Union. 32,072
Government bonds were dull and strong.
There were no sales of State bonds.
There has been a moderate business to-day in
general railway bonds, in addition to the sale
Of 1927 600 of West Shore firsts, and $500 of
Erie seconds. The total sales of all bonds for
the day, amounted to 81, $40, 900. Prices are gen
orally higher
Lackawanna has again been the feature of the
stock market today, although the total transac-
tons in that stock were little less than yester-
day, while the total business of the day figures up
e, 600 shares more than yesterday. Everybody
appeared to have an order to sell Lackawanna
at the opening, and the first price was lower, at
96s. than the closing quotation of last evening.
This was also the highest price of the day; it
sold down rapidly in the morning to "a. which
was the lowest purchased, if the dividend be ad-
ded to the quotation of the last hour. The stock
was very active and feverish throughout
the morning hour the total sales amounting
to 30, 600 shares. The sales in the next hour
were only 5000, but there was little improve
ment in the afternoon, the total transactions
being 90. 400 shares against lis, 800 yesterday.
After rallying to 50 and selling again at 94s, the
price rose in the forenoon to 954, broke later to
94s, and at 2 o'clock was selling at 95a, and at
215 P. NJ at 95a During the rest of the after
noon it sold, ex. dividend off per cent the
first such sale being made at 934, from which
Che price rose to and ell osed at 93s, making net
loss of II per cent. for the day. The rest of the
active list sympathized only slightly with the
course of the stock first mentioned, and. with few
exceptions, prices have been well sustained.
The highest prices were generally made in the
the forenoon, and the lowest between i and P.
NJ. Western Union touched the highest quota
tons soon after the opening, from which it de-
cined Il per cent. and closed with loss of ]
per cent Union Pacific is also down !, after
declining q, from so, the highest price of the
forenoon. The other losses in the active list are
generally for less than per cent Northwest
ern is down !, after recovering per cent. from
the lowest price at which it sold. while st. Paul
is per cent. higher. at rs after fluctuations of
l per cent. Six stocks in the order named-Lacka-
wanna Union Pacific, St Paul. Western Union,
New York Central and Lake Shore contributed
sc per cent, or 249 300 shares of the days bust
ness leaving only 40, 500 shares to be divided
among the remainder of the list. The whole
market was less active during the afternoon, and
especially during the last hour. Although the
dividend on New York was declared only this
morning, the stock sold this morning ex dividend,
but the closing prices show net advance of !
per cent, while Lake Shore is per cent. higher,
=. rally from the lowest quotation of Il.
Among the inactive stocks, Missouri Pacific is up
E. and Manitoba per cent. 1t was announced,
late this afternoon, that the freight agents had
decided to advance rates on grain and provisions
from Chicago to New York to Is and 20 cents, the
advance to take place to morrow. The market
closed Father heavy.
The market closed with the following prices
bid: