The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-16
A BULLISH DAY ON CHANGE.
The Visible Supply Statement Causes
Great Trouble Among the "Shorts,"
A Number of Whom Exhibit Intense Anxi-
ETY. to Sell-Corn Dull and Lifeless
Provisions Without Change.
MONEY, BONDS AND STOCKS.

A Well-Distributed Business In Railway
Bonds-The Stock Market Generally Dull.
New YORK, Sept. 15.-Money on call was
basy at / oil per cent
Prime mercantile paper, 405 per cent
r Foreign exchange quiet at 81 SO for sixty
lays and 81 IS for demand.
The total sales of stock to-day were 216, 936
shares, including the following: Delaware,
Lackawanna & Western, 24,S25; Erie. 1850;
Kansas & Texas, $3.50; Lake Shore, SO, $50;
Louisville & Nashville, II, Ais; North western,
1859; New Jersey Central, 9,310; New York
Central, 1920; Pacific Mail, 1885, St Paul,
36755; Texas Pacific, 6,970; Union Pacific,
13 $50; Western Union, ATS; Northern Pacific.
preferred, AGO. Oregon Transcontinental, 1856.
Government bonds are quiet and strong.
State bonds are dull and steady.
There was again well distributed business in
railroad bonds to-day The total sales were
k1,567,O 0O of which Erie second consols con-
tributed $3.50 OOO leaving $l,3OsO 900 for the rest
of the list. There was considerable activity in
Texas Pacific issues, and prices are generally
higher.
There has been little in to-day's stock market
Of special interest During the first hour there
was moderate activity, but from that time till
the close business was very dull. The opening
per cent of the highest prices
Of the day. Lackawanna advanced
per cent in the early dealings and Northern
cent In some cases the closing prices are the
lowest of the day, but generally to 3 above
bottom quotations. Some of the socalled active
stocks are small fractions higher, notably the
Northern Pacific. of which the common is up ]
and the preferred !, and Lackawanna ]. There
was very decided decline after IL A. NJ. Later
there was recovery, and the market then sim
ply drifted throughout the afternoon, slowly
tending downward Lake Shore developed de-
eided weakness In the last fifteen minutes, sell
ing from 69a to 69s, and there was an equal
decline in ST. Paul during the same time, while
the rest of the list closed heavy. The news of
the day was unlmportant other than dispatch
es received from the West tending to confirm the
slight advance in east-bound rates reported yes
terday, to twelve cents. and the announcement
OF meeting here of the representatives of the
Southern roads for the purpose of adjusting
differences 1t was understood that it was
agreed TO restore passenger rates between South
ern and Eastern points, the restoration to take
effect at once The contest for position On the
new board of directors of the Northern Pacific
continues but the parties most deeply interested
are working very quietly. One of the questions
at issue is whether not the Oregon
Navigation lease shall be ratified, and an
other directly connected with this question re-
lates to the completion of the Cascade branch.
Messrs. Wright, of Philadelphia and Morgan
q Ives, of this city, it is said, ars in favor of
building the Cascade division, and are working
to reflect President Harris. The opposition IS
led by Mr.. Elijah Smith, of the Oregon Naviga-
ton Company, Mr.. Billings and Others and it is
claimed that the report put on the street to-day
that President Cable, of the Rock Island, was to
be made president of the Northern Pacific, orig
mated from desire on the part of Mr.. Smith
and others to place him in that position The
present board Of directors has already approved
the lease of the Oregon Navigation by vote Of
10 to3
The market closed with the following prices
bid: