The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-18
MARKETS WEAK AND LOWER
Wheat Opens Decidedly Weak, and So
Continues to the Close.
Corn Also Lower and Weak Throughout
Provisions Close Steady, After Sew
eral Sharp Fluctuations.
MONEY, BONDS AND STOCKS.
In Unusually Active Day on the Stock
Market.

LIN Unusually Active Day on the Stock
Market
NEW YORK, Aug 17.-Money on call was easy
1T Il per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was dull at 81. 84s for sixty
days, and 1886. for demand.
The total sales of stock to-day were AGO. 314
shares, including Central Pacific. 4,200; Della.
ware, Lackawanna & Western. y, 920; Denver
q Rio Grande, f. 115; Erie 6,078; Kansas & Texas,
IA, us; Lake Shore, BOIL; Louisville & Nash
viils 13, 100; North western. 10 660; New York
Central %. $50; Northern Pacific. a. 935; Northern
Pacific preferred, Is, l25; Ohio Central, 3. 100,
Pacific Mail, 1885; Reading, $500; St Paul,
58. los; Texas Pacific, G, 865; Union Pacific 25,-
$40; Western Union, 29,0l5; Oregon Transcon-
Enent al, 70, 800.
Government bonds have been more active and
strong for threes and fours
State bonds have been more active and quota
tons steady, except the Arkansas and Tennessee
compromise, which are 2a5 per cent. higher
In the railway bond market the Erie second
consols monopolized a large portion of the days
business, the sales being 81, OILS, 900, and at the
same time the prices declined from 69a to 60.
rallied to 69s again and sold early in the after
q,
Is per cent. There were sales of $4,000 of
West Shore frsts, and 1923, 900 of Atlantic &
Pacific incomes, leaving for the rest of the list
81, 1899 000
Wall street has been wonderfully we'll supplied
with reports of an abundance of good things to-
day. and the stock market has responded accord
Ingly. Everything on the active list except
Jersey Central, is higher this evening, and a
majority of the active stocks show gains of over
per cent. while several stocks are up over
froy Satu oil
hons. The market opened very strong, with
gains of a per cent, and while very active, the
early trading developed considerable feverish-
ness, accompanied by fractional declines
IN number OF eases. Greater strength
and stability were developed after
midday and decided advances were
established. After an hour of activity and a
fractional yielding in quotations, renewed life
was again infused into the market the Lacka.
wanna taking the lead, and all the coal stocks
becoming strong, the advance continuing until
the close Of the board at o'clock In some cases
the last sale was s04 lower than the immediate
preceding prices, and tho quotations showing
the condition of the market at the close indicate
withdrawal of support 10 the final transactions
The MISUNDERSTANDING Sin the Vanderbilts
was expected this morning when it
known that the New York Central and West
Shore had both. ordered the restoration of local
passenger and freight rates to take effect this
morning. and the belief was very general that a
complete restoration of through rates local as
well as general, would take place in few day The
final advance, in which the coal stocks led, was
accompanied by reports that the coal companies
had agreed to restrict the production for the
month Of September. Nothing definite in re-
gard to this matter is known this evening
The result of to-day's business is a
gain of 80 per cent in Lackawanna, p in Della
ware & Hudson; q in Northern Pacific, pre-.
ferred, q in Reading, in St Paul and between
! and II in New York Central, Union Pacific,
California Coal, Michigan Central. Pacific Mail,
Northwestern Louisville & Nashville and c.,
B. & q. Jersey Central, however was com
paratively heavy all day. and closed without
change from Saturdays final figures. The total
sales we're AGO. 300 shares, which Is the largest
days business for nearly a month past and
that too, with only four hours business. Aside
from sales of &c, 900 shares of Lackawanna. So,
100 shares in st. Paul. and 81, 300 shares in
Lake Shore the business was we'll distributed,
the sales in no other equailing 80 900 shares
The market closed with the following prices
bd
mn