The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-04
THE MARKETS AND THE WAR
The Peace Rumors Inspire Holders of
Grain with a Desire to Unload.
Prices, However, Are Well Maintained, and
the Closing Figures Are Nearly as High
as Those of the Previous Day.
MONEY AND STOCKS.

No New Features I'm New York-The Market
Dull, but Very Firm.
New York, May 2.-Money on call con-
tinues easy at per cent, closing at per cent,
Prime mercantile paper. as per cent
Bar silver, $l.08s
In foreign exchange the quotations are I'M
changed; actual business, 81 sc and sisS. There
Is very little business doing.
The sales of stocks to-day aggregated liz, l59
shares, including the following: Delaware, Lacka-
wanna 6 Western, II, 800; Northwestern, 8, 200;
New York Central, 10, 400; Pacific Mail, 5000;
St Paul. 18,40o; Union Pacific. $500; Western
Union, 6,400.
Government bonds have been quiet and
strong The tours advanced !, while the threes
yielded to 1925 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 dullness of the
stock market railway bonds continue quite
active the total sales to-day being 81, 246, GOO.
The business was not SO we'll distributed, how
ever, as for some time past. There was large
trading in Metropolitan Elevated seconds, Mis-
of the Missouri, Kansas g. Texas issues. The
sales of Erie seconds, new, amounted to $340,-
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 duh, 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
''DearsD to shake out any considera-
bic amount by their hammerine process.
Prices were shade lower. this morning, on a
renewed attack by the bears" upon the whole
list, but the declines 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 fraction, but closed firm
1t the decline Some idea of the extreme list
lessness of the market may be obtained
from the fact that only two of the
usually active stocks showed extreme fuctua-
tions of l per cent. The two stocks
mentioned being New York Central and st.
Paul each Of which was traded in within range
Of per cent. The dullness is indicated by the
statement that the sales amounted to only liz,
200 shares, only one stock-St. Paul-with
H. 600 shares showing a business for the day
amounting to as much as $4,000 shares, and
30 per cent. of the business confined
TO FIVE of the usually most active stocks.
Tie result Of the late decline left most of the
active stocks shade lower than last evening,
but the differences are only to ! per cent
Union Pacific and Missouri Pacific made net gains
of !. Some of the leading bull operators claim
10 have been letting the market alone simply
TO demonstrate its inherent strength. There
Ia 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
pnly 755 900 shares decrease from last
Of $50 900 shares. The changes in prices, as com
pared with last Saturday, are unimportant, be-
ing in most cases far less than per cent
The market closed with the following prices
bid: