The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-25
A LOWER RANGE OF PRICES.
Increased Activity in the Wheat Mar
ket, Accompanied by Lower Figures.
The Market Finally Closes Steady at De.
cline from the Prices Of Monday-Pro-
visions Quiet and Easier.


Continued Activity i'm Railway Bonds-The
Stock Market Steady and Strong.
NEW YORK, June "a Mooney on call was
easy at per cent.
Prime mercantile paper, 405 per cent
Foreign exchange was dull but steady at 81 So
for sixty days, and 4.S6 for demand.
The total stock sales to-day were 205, 31e
shares, including the following: Delaware,
hacKawanna & Western, a6,0lO; Lake Shore,
1900; Louisville g. Nashville, 1875; Nerth-
western, 10. $40; New Jersey Central Ia, ITO;
New York Central, 14,20O; st. Paul, 1890;
Union Pacific, 1860
Government bonds are dull but strong The
tours and the coupon four-and-a-half per cents.
are up 4, and the threes recovered their morning
loss.
State bonds are quiet and quotations steady.
The railway bond market continues active,
the total sales to-day being 81, 362, 600, nearly
one-half of which - 81, 1856, 900 - consisted OF
transactions in West Shore frsts, while the sales
Of Eric second consols were 1928, 900, leaving a
little less than 81 ,0000 to be divided among
the rest of the bonds dealt in. Prices this even
Ing are irregular.
After the decided break in yesterdays stock
market unusual interest was felt this morning
in the course of prices to-day, but nothing i'm
portant occurred until late this afternoon. First
prices were rather heavy, and during the fore
noon, on slight fluctuations there was decline
ranging from I to / per cent, Jer
sey Central being an exception by
showing unusual strength in resist
ing the general downward movement.
and the market then became steady, but without
any material increase of business until after ]
p. What at first was only slight advance,
developed during the last hour, into a general
upward movement, the advance in that time
amounting to, in some cases, as much as per
cent, and to per cent for the whole list.
The rally was accompanied also by increased
activity.
The low prices at which it is reported sales of
coal have been made during the current week
had depressing effect upon Laekawanna, which
sold down over per cent from last evenings
closing prices, and failed to recover more than
the early losses, and closed finally with loss of
per cent With the exception of two or three
inactive stocks, it is the only one which shows a
decline. The grangers developed decided strength
during the last hour, st. Paul showing at the
close gain of Il per cent and Northwestern Il;
Lake Shore is also up II, and New York Central
Ii; Western Union gained ], Union Pacific /,
and Louisville e. Nashville !. The
story that the Chicago, Burlington &
Quincy had secured control of Manitoba, has
been revived again. and it is also said that q
the stock, and it is intmated that a corner may
be contemplated. Whatever may have been the
cause. Manitoba opened this morning q per
cent higher, at 963 and rose during the day to
1.0l, closing with gain of { per cent, at 99s.
Chicago, Burlington e. Quincy is up l. and Rock
Island II. The total sales were 205. 800 shares,
the most active stocks being st. Paul and Lacka-
wanna; the sales of no other stock equaed
20 600 shares.
The governing committee of the Stock Ex-
change this afternoon admitted to the list the
following securities: 81, 100000 of the general
mortgage bonds of the c., c., c. e I. Railway
Company; New York Central & Hudson River
debentures of 1904 amounting to 81, $50, 900; Bal.
timore & Ohio Railway Company, $40, 600 900,
per cent. gold bonds of 1926 recently issued;
Fit Worth & Denver City Railway Company's
stock to the amount of 6600 shares and Pitts
burg, McKeesport & Youghiogheny stock,
100000, and first mortgage per cent. bonds Of
1892, 81, 250. 600.
The market closed with the following prices
bid:
RHs