The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-23
LOWER PRICES FOR GRAIN.
The Wheat Market Opens Active, and
Later Becomes Dull and Steady,
Closing Slightly Under the Figures of Satur-
day--Corn Firm but Quiet-Provis-
ions Quiet, but Generally Firm.
MONEY AND STOCKS.

Enormous Dealings in Railway bonds
Stocks Active and Strong.
NEW YORK, June 22--Money on call was
easy at per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull and steady at
"a s5I for sixty days, and g. Sc. for demand
The total of the stock sales to-day was 214, 233
shares, including the following: Delaware,
Lackawanna & Western, AZ, $780, Lake Shore,
49, 1885, Louisville e. Nashville, 13, AGO; North
western, 1885: New Jersey Central, 2l.4S0;
Pacific Mail 43O5; St. Paul. 80 CO. Union
Pacific, IL $50: Western Union, 20,2l6.
Government bonds quiet and steady at I'M
changed quotations, except the fourand-a-half
per cents, which are down !.
The was little more business in State bonds
this afternoon. and quotations are steady. There
has been an enormous business today in West
Shore frsts and Erie second consols. the sales
of the former being about double an average
days business in the whole list. The same in
huences that operated in the decline in the Van
derbilts caused break in the West Shore hrSts
from 381. at which they sold in the morning, TO
30, from which they rallied & but closed at 800.
The transactions in these bonds during the last
hour amounted TO $8l5,000, and during the day
to So 2Gl 600 The transactions in Erie second
consols $13l 600, the bonds declining at the
same time q per cent. The total sales for all
bonds for the day 81 362, 600. is the largest bus
mess in many months in this class of securities.
The new week opened on the Stock Exchange
with a strong and active market First prices
were. in nearly all cases. to higher than the
closing quotations last Saturday. and, al
though some little feverishness was shown in the
early transactions. the market soon became
steady and strong, and so continued until about
10 O'clock. 1t was simply continuation of the
strength and activity displayed last week, the
gains ranging in most cases from ! to per cent;
but St Paul, Louisville & Nashville and Lacka-
wanna rose to i per cent, with
large transactions in the stock last men
toned. 1t was in Lackawanna that the greatest
weakness was displayed in the early dealings. 1t
opeued9 lower and soon declined !. to 1913. but
by o'clock it was again selling at 1905. de-
termined attack was then made by some OF the
leading operators upon the Vanderbilts and
Lackawanna, which was continued throughout the
afternoon, and which resulted in a decline of II
to q from the highest prices OF the day, except
for Union Pacific which only fell :, but which
rose in the forenoon only J. The market closed
weak, at within fraction of the lowest prices of
the day. The exception to the rule
is an advance of in Louisville &
Nashville. The break this afternoon
accompanied by statements that the alleged
scheme for the settlement of the troubles be-
tween the New York Central and the West
Shore had been broken off, and various other
reports Of similar nature. Late this afternoon
a dispatch from Chicago was received and crcu
lated on the street, however, to the effect that
the pool agent there was in receipt OF advices
that general restoration of freight rates will
be ordered, to take effect on July l, when it is
expected the Central Traffic Association will be-
gin operations. and that passenger rates Will be
advanced to morrow. The total sales to. day
were 2l4. 200 shares, and the business very
well distributed. there being no very active
stocks, except Lackawanna and st. Paul.
The market closed with the following prices
bid: