The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-07
WHEAT ON THE DOWN GRADE
Heavy Deliveries at Initial Points
Garry the Price Down One Cent.
Corn Strong ON Reports of Damaging Frosts
in the Northwest-The Same Influence
Strengthens the Provision Market.
MONEY, BONDS AND STOCKS.
Bonds Continue Dull-The Stock Market
Irregular and Feverish.


Bonds Continue Dull-The Stock Market
Irregular and Feverish.
NEW YORK, Sept 5.-Money on call was
Easy at 1011 per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull at $4S3 for sixty
DAYS, and ST. IS for demand.
The total sales of stocks to-day were LIS, 911
shares, including Delaware, Lackawanna &
Western, IA 400; Lake Shore, 14,9O0; Louisville
81 Nashville 4,47O: Northwestern, $500; New
York Central, 5000; New Jersey Central $3.50;
Pacific Mail, 4,125; Reading $500; st. Paul,
1900; Texas Pacific 4,30S, Union Pacific, 81,
$780, Western Union, IL, $40.
Government bonds were dull and strong.
State bonds were neglected.
There was an average business in railway
bonds The sales were 81, 492, 900, and the trad
ing was more than usually well distributed.
There were sales of 1887, 900 East Tennessee
issues, $3.50, 900 Texas Pacific, also 1921. 900 of
Erie second consols.
For several days past the street has been
promised some important development in regard
to the Erie railway of favorable character.
It was annoudced this afternoon that con
tract had been signed between the Erie and
giving the Erie company entrance into Cincin-
natl over that route. Erie is to give, it is
understood, it's business to the c., c., G. 81 l. at
Dayton.
The stock market was dull, somewhat irregu-
lar and more or less feverish. There was weak
opening, the first prices being from to lower
than they closed yesterday, and during the last
half hour there was further decline of to ] in
most of the active stocks, while O., B. q O., in
which there was an unusual amount of business
fell
checked and the market became very dull, until
an upward movement carried prices back to the
opening, by P. NJ
Union Pacific again led in the amount of
business done, the sales amounting to over 80
per cent. of the total days business, and this
stock closed 3 above the lowest price of
the day, and lower than yesterday.
President Adams to-day denies that the
company is in trouble on account of the floating
debt. He is quoted as saying that the notes i'm
mediately maturing are all small and after
meeting its September fixed charges, the COM
pany has ST. 600 600 in cash. At no time since
he became president, he says, has the financial
condition of the company been more easy or its
outlook more favorable.
Jersey Central was prominent for its weak
ness at the opening but it was very dull all day,
At little above A. until 2 p. M, but in the next
half hoar declined to A. and closed with a loss
sf per cent The Vanderbilts were weak both
New York Central and Lake Shore showing a
loss of ! per cent. ST. Paul, and Louisville q
Nashville are also down :, and Manitoba Il
One of the more prominent exceptions to the
general course of the market was Pacific Mail,
which, in the morning, rose from 49a to 81
Later, it became steady shade below that
price, and closed with an advance of J. Com
pairing prices this evening with those of week
ago, most of the stocks the active
list are lower, Jersey Central showing the great
est decline-4l. Reading is down 81; others are
far less than per cent and the gains, where
they occur, are for fractional amounts The
total sales for the week were .313, 90 shares, of
which Union Pacific contributed 1876. 700 shares;
ST. Paul 136, 200, Lake Shore lab. 100, North
western 109, 100 and Western Union SO, 400
shares
The market closed with the following prices
hid.