The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-08
DULL BUT STRONG MARKETS.
The Smallest Volume of Transactions
Known for Several Weeks Past.
Despite the Limited Trading, Prices of Grains
Continue Very Strong-Proyisions Dull,
but Prices Generally Firm.
MONEY AND STOCKS.

The New York Market Opens Firm, and
Closes Moderately Steady.
NEW YORK, May Money on call was easy
at per cent
Prime mercantile paper IA per cent.
There was no business doing in foreign ex-
change.
The sales of stocks to-day amounted to 259, 715
shares. including Delaware, Lackawanna &
Western, 25.58o Erie 4,43o Lake Shore, 1880;
Northwestern, "a, 2S5; New Jersey Central, A.
$50; New York Central, 46,370 Pacific Mail, g.
205; St. Paul, Al, 200; Union Pacific, Ii, $50;
Western Union, 1000
Government bonds are dull and unchanged in
quotations, except an advance of ! in the cur
rency skies of 1895.
State bonds have been neglected
The stock market was firm at the opening.
and first prices were generally a small fraction
higher than they closed last week, but the Van
derblts were an exception to this rule, and a
break in New York Central and Lake Shore
occurred Immediately after the opening. The
Gould stocks were we'll supported throughout
che day. but the grangers and the Vanderbilts
made important declines, the total decline in
New York Central from the closing price last
evening amounting to %, while Lake Shore fell
rs per cent. The rest of the list yielded an
average of per cent, and, with fair amount
of business, the market continued weak until
after i o'clock, when the decline was checked
and moderate rally followed, the market finally
closing steady midway between the highest and
lowest quotations, and at prices which are. for
the most active stocks, from to Il per cent
lower than they closed last evening. New York
Central was an exception, making net loss of
q per cent; Lake Shore is down IL; Michigan
Central, IL St Paul, II; Northwestern and
Laekawanna each, !; Consolidated Gas and
Rock Island, each, II; Omaha common, L. and
the preferred, Z; and the less active stocks gem
orally for smaller fractions. Erie showed gain
of per cent, and Pacific Mail, Oregon Naviga-
ton, Missouri, Kansas 81 Texas. Texas Pacific
are unchanged Canada Southern developed ex-
ceptional weakness, selling down from q to %,
and raying 70 Is on total sales of lob shares.
The Afternoon was we'll supplied with sensa-
tional runors affecting the financial standing of
some OF the prominent houses on the street, but
they could not be verified, and were probably
only another device of the enemies OF the believ-
ers in higher quotations. The impression pre-
walls quite generally that the railroad war in
Che West is largely the outgrowth of desire on
the part of certain officials of the roads to force
down prices. and secure an immediate settle
ment therefor. The total sales to-day were
259, 759 shares or IL, 900 shares more than yes
serday; but three stocks to-day, New York Gen.
trial, Lake Shore and st. Paul, monopolized
129 600 shares or about one-half Of the days
business. While the Gould stocks were strong,
they were very quiet.
The railway bond market has been less active
to day. the total sales being only 1924 000 de-
crease from yesterday of 1851, 900. The most act
i've issues were the Erie seconds, new West
Shore frsts, Denver g. Rio Grande Western
frsts, and Missouri Pacific consols. Prices are
Irregular this evening compared with last pre-
vious sales. Among the advances, Chesapeake
d Ohio sixes series B, coupon on, are up ;, at
GIL, and for the same bonds coupon off; ST.
Paul & Sioux City frsts, II. at 1l9a Cleveland
q Toledo new bonds, ], at 103; Louisville &
Nashville, New Orleans 81 Mobile firts l. at 81
Lafayette, Bloomington & Muncie firsts, /, at &C.,
Fort Worth s. Denver frsts, ], at GAL, and LIZ n :
: Island frsts, consolidated, p, at 107 The de-
clines include the Central Iowa frsts, coupon
on, /, at so; Canada Southern firsts, guaranteed,
I, at 90; East Tennessee. Virginia & Georgia
consolidated ives, J. at 46; Louisville, New Or
leans & Texas frsts, 81, at 80; Union Pacific
firsts, J. at 114a; Kansas Pacific firsts, CONSOLE
dated 5 at SO; st. Louis & San Francisco Sec
onds, Class A, "a, at 97a; St. Louis & Iron
Mountain general consolidated fves, I, at 51a,
and Western Union, sevens registered, % at no.
The market closed with the following prices