The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-12
BETTER PRICES FOR GRAIN.
Weakness in English Securities Causes
Another Advance i'm Wheat.
Corn Also Advances and Provisions Are Mod
erately Active and Prices a Shade
Eigher-A Strong Stock Market.
ONE n STOCKS.

MONEY AND STOCKS.
The Market Continues Strong Under the In
fiuence of War News.
New YORK, April 11.-Money on call contin-
ned easy at per cent, closing at ],
Prime mercantile paper, 405 per cent
Bar silver unchanged at 81. 06R.
Foreign exchange is extremely dull, with I'M
changed quotations; actual business is done at
o. 81 and 81 s6as.
Government bonds are quiet and steady.
State securities are quiet, and quotations in
some cases lower.
The railway bond market was quiet, the total
sales being only 1913, 600, an increase over yes
terday Of $220. 600. OF today's business, $4,000
consisted of transactions in Erie seconds, new,
which opened at 54s, sold at 54as, and then up to
s56s, closing at 55s-an advance of IL
per cent. The remainder of the bust
ness was well distributed, the sales in
no cases being for large amounts. Prices were
somewhat Irregular, but there were more gains
than Losses. Central of New Jersey issues were
prominent for the advances made. The total sales
for the week tsix business days) were SO, AGA. O00
an increase over last week Of tive business days.
$l26, 600.
The stock market continues subject chiefly to
European war news. At the opening, this morn
ing, prices we.e firm, and, in some cases, ! to )
higher than the closing last evening. There was
q manifest disposition on the part OF the
ssshorts" In the grangers and the Vanderbilts to
cover. There are rumors that a new bull
combination has been formed in the grangers.
The market continued strong, but only
fairly active until the announcement was made.
near the middle of the day, that England would
probably declare war before Monday, when an
active buying movement set in, accompanied by
afurther advance in prices, which continued until
about 2 o'clock. In the last hour the market was
firmly held, but made no further gains, and finally
closed strong near the best price of the day. The
total sales were ga. 600 shares, an increase over
yesterday of so, 600 shares, but of to-day's bust
ness over 70 per cent. consisted of sales of North
western. st. Paul, L~ackawanna, Lake Shore, Pa
cifc Mail and Western Union. In no other stock
did the transactions amount to as much as IL, 600
shares. AS compared with last evening, prices
are generally from ] to 2 per cent. higher than
the close yesterday, while c., B. & G. is.up : per
cent, at 124a. The weakeststocks on the active
list, late in the afternoon, were the Wander
bilts. Lake Shore, which in the gen
declined later to 59a. at which it closed
. net gain of / per cent. New York Central is
MP ], at 90s, after selling between 90s a S9ss;
Western Union f1uctuated II per cent. and closed
within of the highest price of the day. Union
Pacific is also II higher. Central, of New Jer-
sey, was prominent for it's strength early
In the day on the general i'm
preston that the Reading company would in
some way, raise the money to pay the amount
now due the Central, and that the relations be-
tween the two companies would continue as
heretofore. President Little, of the New Jersey
Central, has been in Philadelphia in the interest
Of his company, and it is generally conceded
BY. insiders that the Reading will
Central without a legal fight. Lackawanna was
strong all day. and shows a gain of II. Della
ware q Hudson is up Ii per cent Louisville 81
Nashville gained | per cent, as did also Mis-
souri, Pacific. The other advances were for
smaller factions.
The street was devoid of news having an in
fuence upon prices, other than the European
war news. A comparison of prices at the closing
of this week with those of last week, shows
higher prices nearly all round, ranging from l to
q per cent. Union Pacific gained Il; Della
ware s. Hudson, Il; St Paul, Il, and
Pacific Mail and Central Pacific each Ii
percent. Some of the inactive stocks, how
ever, are lower, notably Oregon & Transconti-
is q lower. The total sales of stocks this week
were Ills, 300 shares, an increase of 455, 600
over the five days of last week.
Application has been made to the Stock Elk
change for the listing of the following securi-
ties: Louisville q Nashville Railroad Company,
1887, 600 additional ~ten-forty 6 per cent. dust
inert bonds. making the total amount sold
and issued to date SO, 000, 600; Atchi-
son, Topeka & Santa Fe, $1,000, 900 additional
6 per cent. sinking fund secured bonds; New
York & New England. So, 600, 900 additional 6
per cent frst-mortgage bonds, making $40, 000.
600 listed: and East Tennessee, Virginia 81
Georgia $2l7, 600 additional consolidated first
mortgage divisional bonds. Included in the
transactions were 81. 600 Lackawanna. 90, 000
Lake Shore, As. 900 Northwestern, IL, 900 New
York Central, 5000 Pacific Mail, Al. 600 St.
Paul, IA, 900 Union Pacific, and II, 900 Western
Union.
The market closed with the following price