The Indianapolis journal., 1885-04-08
MONEY, STOCKS AND GRAIN.
The Stock List Dull and Listless, with a
Weak Feeling in Everything.
The Flour Market Shows Increased Strength,
and Wheat Fiuetuates Moderately, Under
Growing Activity in Speculation.
MONEY AND STOCKS.
The New York Market Opens Weak and so
Continues Through the Day.


Continues Through the Day.
NEW YORK. April Money on call continues
easy at per cent, closing at J.
Prime mercantile paper, 405 per cent
Bar silver, $l.062.
Foreign exchange is dull, but firm at un-
changed quotations Quotations for actual
were 81 84 and 81 S63; the posted rates are 81 85
and 81. 49,
Government bonds are quiet and unchanged.
State securities have been neglected.
The railway bond market has been more active
to-day, the total sales being 81, ,42l. 900, an in
crease yesterday Of about S., 600, and prices
this evening are irregular compared with the
last previous sales The changes, however, are
in many cases for only fractional amounts. Erie
seconds new continue active and there was con-
siderable business in Chesapeake & Ohio frsts
and the Nickel plate frsts. Mr.. Huntington.
president OF the company, says he thinks the
interest on the frsts will be paid at maturity,
but he is not positive. He says the company
has not earned It's fixed charges after paying for
improvements, operating expenses etc.
The total sales to day on the Stock EXchan ge
foot up 1882 shares, which is moderate in
crease over the last few days, but the gain was
confined principally to one stock-Pacifc Mail
the total transactions in which amounted to
So, 500 shares. Seven other stocks-Lackawanna
Western Union, st. Paul Northern Pacific
preferred, Lake Shore, Northwestern and Union
Pacific, in the order named. contributed $1,000
shares leaving only 2s 200 shares to be dis
tributed among the remaining fifty stocks traded
in during the day Prices at the opening were
weak, bat after the first hour the market settled
down into dull and listless condition. Late in
the afternoon the weakness extended
throughout the whole list and prices
this evening are generally from to per cent
lower than they closed yesterday. The air has
been full Of bear" rumors for the past twenty
four hours regarding the Northern Pacific prop
erty, and it has been repeatedly stated that the
company weuld not be able to earn its fixed
charges during the current fiscal year. Presi-
dent Harris, of the Northern Pacific, says this
statement is absolutely false in every particular;
that, in the first place, the fixed charges are only
little more than one-third the amount stated in
the reports aioat, and, further, that the com
pany does not owe dollar of unfunded debt
which it has not cash or cash receiyables to
meet, and that every dollar of money
due to meet fixed charges is in
bank. Although this statement was circu-
lated the street before the board closed,
the final prices of the Northern Pacifics show a
gain of per cent over the lowest of the day. at
16s for common and 3Ss for preferred. This is a
prices of yesterday. Central Pacific is down s
per cent at 3Oa. 1t is stated that the directors
have decided to publish the lease of the Central
70 the Southern Pacific Company in the forth
coming annual report of the Central Pacific,
which is to be issued in a short time. Oregon &
Transcontnental is down per cent, at 1ls and
Oregon Railway and Navigation Is per cent, at
61a 1t is stated that there was no
meeting of the directors of the company here
to-day, and that none will be held at present.
The Lake Shore lost per cent AT 500 after touch
Ing SO, and New York Central is per cent.
lower, at 884. Laekawanna is down per cent,
1T, l04, and Delaware q Hudson, {, at 7Ss.
The final prices are generally at or very near the
lowest figures. The market closed weak at the
decline
Lackawanna; $4,000 Lake Shore IL 600 North
western; Is, 600 New York Central; $4,000; Pa
eiic Mail; Is 900; ST. Paul ii 600, Union Pacific;
1900 Western Union, and Il, 900 Northern Pa
eifc.
The market closed with the following prices
hid.