The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-11
MONEY, STOCKS AND GRAIN.
Heavy Trading in Railway Bonds and
az Irregular Market for Stocks.
4 Decidedly Dull Day in Grain Speculation,
Though the Markets We're Active at
the ClOse-Proyisions Firmer.
MONEY AND STOCKS.

Heavy Dealings in Railway Bonds-Stocl8s Ir-
regular and Unsettled.
NEW YORK, July 10.-Money on call was
easy at l per cent.
Prime mercantile paper, 4a5 per cent
Foreign exchange was quiet and unchanged.
The stock sales to-day were 49, 121 shares, in
Guiding the following: Delaware, Lackawanna
e. Western, "a, 500; Erie, 4, 900; Kansas & Texas
3,2l0; Lake Shore q, 300; Louisville & Nash
vile. Ii $685. Northwestern, 4,105; New York
Central, %, go; Pacific Mail, 1870; St Paul,
3.201: Texas Pacific, $3.50; Union Pacific 63S5;
Western Unicn $500.
Government bonds have been quiet, but quota
tons are firm.
State bonds have been neglected There was
again very heavy trading in West Shore frsts
and increased activity in Erie second consols,
the sales of the former amounting to 81 268 900,
and of the latter to $685. 900. The activity was
accompanied by O decided advance in West
Shore frsts, which rose from 36a, at which they
sold during the forenoon, to 38s. In the
last hour they declined to 81 and
closed at 37s, a net gain Of per cent
Erie second consols are up per cert, at 81,
after selling as high as 543 There was mod
crate business in the other issues the trading in
which was we'll distributed Prices are gener-
ally higher.
The stock market has been irregular and I'M
settled day, the movements in certain stocks
apparently being quite independent of other
shares. The total sales were IFS, 900 shares,
decrease from yesterday of %. 200 shares. Lack
awanna, st. Paul g. New York Central contrib
uted so per cent of 3o-days dealings. One of the
special features of the market the strength
In the Vanderbilts, on a growing impression that
the effort to adjust the differences between the
New York Central and the West Shore on the
one hand and the Pennsylvania and the South
Pennsylvania on the other, is meeting with con-
siderable encouragement, at least. 1t is conf
IDENTIFY predicted that the whole railroad trouble,
Is far as the trunk lines are concerned, will be
than the usual effort for some time
10 being made in this direction.
New York Central opened at 87s. and sold down
quickly to 81 ], and then steadily advanced until
it sold at SSs. Later it yielded to SO, rallied to
49,, and closed at $50, net gain OF per cent.
Lake Shore is up per cent, with corresponding
changes in quotations, and with fluctuations of
II per cent. Western Union, on a small bust
ness is ! higher, and Chicago, Burlington &
Quincy, which was more active than
usual for that stock, shows an advance
of ! ner cent With these exceptions
prices at the close Ia per cent. lower, ex
cept Lackawanna, which shows net loss of :.
Some of the inactive stocks are also down more
than I! Omaha and Reading each showing q loss
Of J. The grangers, led by St Paul, were com
paratively steady, the stock mentioned selling,
however, from 73s to 72g and closing at 72ss.
loss of per cent; but when the Vanderbts
were strongest it was barely steady North
western was less active. and, with fluctuations
of only per cent, is also lower.
The market closed with the following prices
bid
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