The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-30
CONDITION OF THE MARKETS.
Wheat Moderately Active. and Trading
Marked by an Easier Feeling.
Prices Practically the Same as One Year
Ago-Corn Easier and Lower-Pork
Frmer and a Shade Higher
MONEY, BONDS AND STOCKS.
light Business in hallway Bonds-Frequent
Variations in the Stock List.

Light Business in hallway Bonds-Frequent
Variations in the Stock List.
NEW YORK, Aug. 29.-Money on call was
sassy at Il per cent
Prime mercantile paper, 4a5 per cent.
Foreign exchange was quiet and unchanged
The total sales of stocks today were 2O4, $40
shares, including the following: Delaware,
Lackawanna g. Western, p, 765; Kansas &
Texas, 1900: Lake Shore, IL 100; Louisville
& Nashville 10, $40; Northwestern, 90 6l4 New
York Central IL, 550 St. Paul, q, 525; Texas
Pacific 4,540; Union Pacific. 6665; Western
Union, %, lOl; Northern Pacific preferred, 3, 266;
Oregon Transcontinental, 1900.
Government bonds arc dull and firm.
State bonds are dull and steady.
The sales of railway bonds to- day foot up less
than on any day in nearly two months, the total
being only 81, 085. 900, of which Erie second
eonsols contributed 1886, 900. Prices are gener-
nlly higher.
The stock market to-day has been alternately
moderately active and extremely dull and
frm The fluctuations, however, were
nat wide, as a rule, until during the
last hour when there decided
break, led by the grangers Prices were weak
ut opening, showing decline of a per cent.
from the final figures last evening, and during
the first fifteen minutes there was further frac
fional decline This was followed by a slow but
moderate reaction, and the market became eX
tremely dull and comparatively steady, and so
continued until late IN the afternoon.
The announcement made shortly after
2 o'clock that the dividend on the
preferred stocks of the Northwestern company
had been declared, and that it amounted to only
IL per cent, instead of 2, the amount expected
for some time past, was the signal for break in
ali the grangers. in which the remainder OF the
list sympathized The declines in the last
forty five minutes were from l to 2 per
cent, the greatest weakness, next to
the grangers, being in the Vanderbts
and Lackawanna. In fact the latter was
heavy, and the street was unusually we'll sup
piled with vague reports tending to show that
there was to be break in this stock. There
was very little news of interest afoat during
the day. previous to the announcement of
the Northwestern dividend. the market
being featureless until after o'clock. It closed
generally at the lowest price of the day, with a
net decline, as compared with last evening" of
30 in Northwestern, Il in St Paul, 2s IN Omaha
common. AZ in preferred in Lake Shore, Il in
New York Central, and ! per cent cent
Western Union, New Jersey Central Oregon
Navigation. and Northern Pacific preferred
Louisville & Nashville was weak all day. and
closed with loss of II per cent The market
closed weak, DuC OeclueOly increased ACTIVITY
IN the last hour ran up the total transactions to
$4,000 shares in excess of yesterdays business,
the sales to day being 204, $40 shares Comparing
prices this evening with. those of a week ago
the most important changes are decline of Al
in Northwestern - in Omaha common and Il
in the preferred. 81 in Lackawanna, q in Read
ing, q in st. Paul, % in Lake Shore, and q in
Chicago, Burlington & Quincy and Northern
Pacific preferred. None of the active list shows
an advance. The total sales for the week were
1888, 800 shares
The market closed with the following prices
bid: