The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-07
DULLEST FOR MANY WEEKS.
Trading in the Wheat Pit Absolutely
Without Any Features.
Corn Ruled Strong and Closed Higher-0ats
Firm and NEUTRALITY-SUSPICIOUS. Show
More Strength and Close Higher.
MONEY AND STOCKS.

Continued Dizziness in All Kinds of Bonds
Stocks Inactive.
New YORK, Aug. 6.-MOney on call was easy
at per cent.
Prime mercantile paper, as per cent
Foreign exchange was firm, but quiet and IN
changed.
The total sales Of stocks to-day were 226, 4Z0
shares, including Delaware, Lackawanna &
Western, 25 CSC; Denver & Rio Grande, s, 800;
Lake Shore, 10, 214; Louisville & Nashville IA,
TAO; Missouri Pacific, 500; Northwestern, 81,
915 New Jersey Central, 1859; New York Cen
trail, 4.400; Reading, 3,900 St Paul, 19, 525;
Union Pacific, 6,O25; Western Union, SO, 600;
Northern Pacific preferred, 1870; Oregon Trans
continental 90O0
Government bonds have been dull and steady.
State bonds have been quiet but without
material change.
There was little less than the usual amount
of business of late in railroad bonds, the sale of
Erie second consols being 1871, 500 and of West
Shore firsts only $50 900. 1t is generally under
stood that the West Shore reorganization will
be carried out as proposed by Drexel Morgan &
Co There were also sales of $ll0, 900 East
Tennessee, Virginia & Georgia incomes, at
al a 10. and an active business IN Louisville d
Nashville trusts, at go a 95l.
To-days stock market has been only moder-
ately active, and irregular. In some cases the
lowest prices were made at or near the opening,
and the highest late in the day, while in others
the rule was almost directly reversed The
sales foot mp only 226, 400 shares, 600 shares
less than yesterday. but to-days business was
done under more noise and excitement, and the
street was much better supplied with rumors.
An important feature of today's trading was the
strength developed in the New York
Central The substance of dispatches from
Baltimore was that the Baltimore & Ohio
Railroad has made an arrangement with Reading
by which the former guarantees 4per cent. on the
Jersey Central stock, and that the Baltimore u
Ohio has thus secured direct connection with
this port The Carrot Gould telegraph comb
nation story was also revived. Jersey Central
stock opened ! lower. but it did not sell below
the opening price, and before P. NJ. it had ad-
vanced to 40 tat which large block changed
hands,, a gain of p per cent. 1t later yielded
II per cent and closed at a net
advance of Il per cent Lackawanna was weak
under rumors of trouble in the California pool
Northwestern was very strong, advancing per
cent. over yesterday highest quotation, and clos
ing with net gain of per cent, after sales of
less than 20 900 shares St. Paul. with about the
same amount, is per cent An effort was made
tocreate the impression by circulating kilograms
fourth week of July showed an in
crease of $685. $50, instead of a
decrease, as published the other day.
At the Office of the company in this city, it was
stated that the August report, showing de-
crease, was correct Louisville & Nashville rose
per cent. in the forenoon, but lost most of the
advance later in the day, and closed with net
gain of !. Memphis & Charleston was up 2 per
cent. Chicago. Burlington & Quincy up /. !, and
the two Omahas and Western Union each 2
Union Pacific fuctuated l per cent, and closed
at the lowest price of the day, with net loss of
1. Lake Shore is ! lower, and New York Cen
trail for the past three days has been unchanged
at 96s.
The market closed with the following prices
bid: