The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-03
EHE r K AND THE WAR
The Peace RumorS Inspire Holders Of
Grain with q Desire to Unload.
Rtices, However, Are Well Maintained. and
the Closing Figures Are Nearly as High
as Those of the Previous Day.
N AND STOCKS.
10 New Features in New York-The Market
Dull, but Very Firm.

20 New Features in New York-The Market
Dull, but Very Firm.
NEW YoRz, May Mooney on call con
sinues easy at l per cent, closing at l per cent
Prime mercantile paper, 4a5 per cent
Bar silver, $1.065.
In foreign exchange the quotations are I'M
changed; actual business, 81 Sc and SASS. There
II very little business doing.
The sales Of stocks to-day aggregated 112, l59
shares, including the following: Delaware, Lackar
wanna & Western, II, 500; Northwestern. 5000;
New York Central, 10, 400; Pacific Mail, 5000;
St. Paul, Is, 400; Union Pacific, $500; Western
Union, 6,400.
Government bonds have been quiet and
strong. The fours advanced !, while the threes
yielded to 1929 bid. at which price sales were
made. Other quotations unchanged. State
bonds have been very quiet, and quotations gen.
orally about steady.
Notwithstanding the extreme dizziness of the
stock market, railway bonds continue quite
sctive, the total sales to-day being 81, 246, 600.
The business was not so well distributed, how
ever, as for some time past. There was large
trading in Metropolitan Elevated seconds, Mis-
souri, Pacific frsts, Erie seconds, new, and some
If the Missouri, Kansas & Texas issues. The
sales of Erie seconds, new, amounted to $40,
900. The fluctuations for the most active issues,
however, were not wide, and prices this evening
Of the bonds traded in are irregular.
The week closed at the Stock Exchange to-day
without any material change in the situation.
The stock market continues very duu. but at the
same time it is very firmly held. The advocates
Of higher prices in the near future insist that
stocks are nearly all loaded in strong hands,
making it practically impossible for the
spears to shake out any consiGera-
bic amount by their hammering process.
Prices were a shade lower this morning, on a
renewed attack by the bears" upon the whole
List, but the declines were very small, and
during the remainder of the day the market con-
tinued dull and strong, until late in the after
noon, when it yielded a fraction, but closed firm
ct the decline. Some idea of the extreme list
~lessness of the market may be obtained
from the fact that only two of the
lions of l per cent. The two stocks
mentioned being New York Central and st.
Paul, each of which was traded in within a range
of 1 per cent. The dizziness is indicated by the
statement that the sales amounted to only H.
200 shares, only one stock-St. Paul-with
Is, 900 shares, showing a business for the day
amounting to as much as 1000 shares, and
so per cent. of the business was confined
TO five of the usually most active stocks.
The result Of the late decline left most of the
active stocks a shade lower than last evening,
but the differences are only to J per cent.
Union Pacific and Missouri Pacific made net gains
of J. Some of the leading bull operators claim
to have been letting the market alone, simply
10 demonstrate it's inherent strength. There
Is renewed talk of an effort to induce the Union
Pacific directors to resume dividends on July l.
The total sales of the week have amounted to
cn1y 755, 900 shares, a decrease from last
of 250, 900 shares. The changes in prices, as com
pared with last Saturday, are unimportant, be-
ing in most cases far less than i per cent.
The market closed with the following prices
bid: