The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-14

got Much Doing in Bonds-stocks Rather
Quiet
NEW YORK. Aug. 13-Money on call easy at
IL per cent
Prime mercantile paper 405 per cent
Foreign exchange was quiet at $780, for
sixty days, ard 81 81 for demand.
The total sales of stocks to-day were 3l3,587
shares, including Central Pacific. 1907; Della
ware Lackawanna 81 Western, %, 400; Kansas q
Texas, %, 700; Lake Shore, Is 220 Louisville &
Nashville, 16, $40: New Jersey Central, 1850:
Northwestern, H. $50; New York Central G, 800;
Ohio Central, 4,055; Reading, 16 $50: st. Paul,
$3.50; Texas Pacific, 1850; Union Pacific,
$500; Wabash, $780, Western Union, q, 267;
Northern Pacific preferred, 20,789; Oregon
Transcontinental, 4,450
Government bonds have been quiet and strong
today.
State bonds have been very dull and with no
material changes
In the amount of business done the railway
bond market shows increased activity but the
increase was confined to a few issues. Unusual
attention was given to Atlantic & Pacific west
ern division incomes. the sales of which agere-
gated $637 600, the price at the same time
gain of H. The irsts are also a shade higher at
r. with sales of 500, 600. There were sales of
6846 900 of Erie second consols, and $335 900
West Shore firsts, the former closing unchanged
at 63s. and latter lower, at Az The sales of the
rest of the list were limited to $3.50 600.
The stock market has been unusually irregu-
lar, and at times feverish. The total sales
indicate about an average amount of business of
late, but this was made to appear as large as
possible by trading in small lots, usually 100 to
200 shares. and by accompanying the transaction
with great deal of noise ard apparent excite
ment Many stocks were weak in the forenoon.
after displaying some strength near the opening.
rallied again after midday, only to sell off again
after l p. NJ. In the afternoon the highest
prices were made in the first half hour, and the
lowest in the last hour, the market
closing heavy The most prominent exception
was New Jersey Central. The stock opened at
5Os, sold at 5l4 49, SO. 503, 51s, closing at 504
or lower than it opened. Louisville & Nash
vile was another strong stock, on the statement
that the companys annual report about to be
issued, will make very favorable showing.
The grangers were prominent for their weak
ness in the afternoon. ST. Paul closing with
net loss of !, and Northwestern with :. Omaha
preferred is also down II. All the old
active stocks materially lower, Western
Union showing a net decline of !, Union
Pacific !, ard Missouri Pacific per cent. NJ,
X. q L. was stronger on the announcement that
q pool had been formed among the Southwestern
roads, to run for Fl sc years. A knowledge of the
fact that the foreign bondholders had agreed
upon reorganization scheme for the Wabash
company, led to material advance in the com
mon and preferred stock of that company. The
preferred sold at l4s, but closed Il lower a gain
of per cent, Y rest of the active list per
sents about an equal number of advances and
declines, the changes, however being fractional,
except Lackawanna which is down Z
The market closed with the following prices
bid: