The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-19
LIGHT TRADING ON CHANGE.
The Markets Devoid of Exciting Feat
ures and Business Rather Dull.
Heavy Sales by Call Holders Eases the Market
Somewhat, but Strong Feeling
Prevails Throughout.
MONEY AND STOCKS.

Heavy Transactions in Railway Bonds
Stocks Active and Slightly Higher.
New YORK. June 18-Money On call was
easy at II per cent.
Prime mercantile paper, 495 per cent
Foreign exchange was quiet and unchanged.
The total stock sales to-day were 1877 736 shares,
including the following: Delaware, Lackawanna
& Western, 30,470 Lake Shore, "a, 595; Louisville
& Nashville, $3.50; Northwestern 1,051; New
Jersey Central IL, 100; New York Central, 20,
Cos; Pacific Mail, f. 654; st. Paul, 22,7l0; Union
Pacific, I9, 400; Western Union, 14,089; Central
Pacific, 5,252.
Government bonds have been inactive and
weak, the quotations showing decline of s04
per cent, the heaviest decline beingin the threes
and tours.
State bonds have been quiet, with quotations
generally strong. The business in railway bonds
to-day was the largest for the current month,
the total sales being So, 367 600. There was less
activity in West Shore irsts than yesterday, but
the sales foot up 1920, 600, and there was heavy
trading in Erie second consols. The transac-
tons were 1887 900. There was renewed activity
in the Nickel-plate firsts the sales of which ag-
gregated $288, 600. By some persons it is be-
ieved that the movement in New York Central,
and West Shore, and Nickel plate bonds has one
common origin, and a report to this effect, COM
ing from London, was circulated this afternoon
Prices are generally higher, but the West Shore
hrsts gained only / per cent, at 36s. Nickel
plate frsts are up a per cent
The stock market as measured by the num-
Der of shares bought and sold-lS7, 700-was not
more active than yesterday but there was a
much better supply of rumors and greater inter
est was taken in the transactions The leading
features in to-day's market may be said to be the
strength of the Vanderbilts and the weakness of
Lackawanna. It is reported that the Wander
bilt party has parted with so much New York
Central stock that it has virtually lost control,
and the talk about the efforts of the Penn
sylvania and the Lackawanna managers,
and also Of the movement said to have been
made by Mr.. Gould to establish through Eastern
connections for Wabash by way of the Grand
Trunk and West Shore. was revived, and pre-
dictions were freely ndulged that q surprise was
IN store for the New York Central party. The
street was also well supplied with statements
showing that the coal trade is in very unsatis-
factory condition, which may have aided the
sbears' IN depressing the price of Lackawanna
At the opening this morning the market was
weak and prices yielded from to (, led by
by Union Pacific Pacific Mail and New York
Central. while Lackawanna declined l per cent
The lowest prices of the day We're made at this
time. Between III and IL o'clock there was a rally
of to per cent, the strongest stocks being
Lake Shore, which advanced Il per cent, New
York Central and Lackawanna each II, and
Union Pacific l. In the afternoon the general
list renamed about steady until near the close,
when it showed some signs of being tired, but
closed steady at little below the best prices of
the day. Union Pacific was heavy in the after
noon, and Lackawanna steady after it lost per
cent from the midday quotations. The grangers
were very steady. Northwestern suffering from
an early announcement that the earnings for the
second week of June were only $446. 1000, a de-
crease from the same week last year of $37, 600
The result of to-dav's operations is general ad-
! 4
The market closed with the following prices
bid: