The Indianapolis journal., 1885-08-16
CONTINUED DULL MARKETS.
Nobody Buying Wheat but the Shorts,
and They Touch 1t Lightly.
Corn Weak and a Fraction Lower-Oats Quiet
and Weak-Proyision Inactive with
Slight Changes in Prices.
MONEY, BONDS AND STOCKS.
Railway Bonds Active-The Stock Market
Active and Strong.


Railway Bonds Active-The Stock Market
Active and Strong.
New YORK, Aug. 14-Money on call easy al
II per cent
, Prime mercantile paper 4a5 per cent
Foreign exchange was dull at 81 s5 for sixty
days, and $4 SCI for demand.
The total sales of stock to-day were 334, ,394
shares, including Delaware, Lackawanna &
Western, &c, go; Erie, 6,367; Kansas g. Texas,
H,065 Lake Shore, 48, 700; Louisville 81 Nash
vile, Is, 475 Northwestern, 5000; New Jersey
Central, 3,400; New York Central, is. 710; Pacific
Mail, 3,O25; ST Paul, 19,O6O Texas Pacific, 49,
297; Union Pacific, 9,l2O; Wabash, 3,100; Western
Union, 26l75 Northern Pacific preferred, 8,454;
Oregon Transcontinental. 15, ,S03
Government bonds have been dull and prices
steady.
State bonds have received some attention
and quotations for some of the Southern issues
are little higher, while in other cases they are
steady.
The railway bond market has again been un-
usually active, the days business being one of
the largest in months past, the transactions
amounting to 81, 245. S00 Erie second consols
contributed $1,S8S00O A. & P. in
comes $39I, O00, West Shore irsts 1924, 600,
NickelPlate frsts $25S,0OO, East Tennessee
e. Virginia incomes $22O, 900 and the first skies
S144,000 leaving 81. 900, 900 to be divided among
the rest of the list Erie seconds were particu-
larry strong all day, and closed with gain of %
per cent. Other gains were Chesapeake &
Ohio currency, skies, 1s Indiana, Bloomington
& Western, seconds. 3; indianapolis, Decatur &
Springfield, Il; Louisville & Nashville, 1O40
skies, 2; Texas Pacific & Rio Grande, skies, 81
and the terminals, 5; Texas Central frsts of
19ll, II; St. Louis, Kansas City & Northern real
estate sevens, -; Green Bay incomes, Il; Mobile
81 Ohio second debentures, 8; st. Louis Alton &
Terre Haute dividend bonds, 81. and New York.
Susquehanna & Western frsts, coupon off, y.
Ohio Central incomes are down l and g There
other important declines.
The stock market has been active and strong,
especially for the Vanderbilts, the coal stocks,
Louisville & Nashville and some of the low
priced securities The grangers were, however,
barely steady, and the Northern Pacific, Oregon
Transcontinental and Chicago. Burlington
& Quincy were heavy. The ad
vance in the Vanderblts was due
to the announcement that the Central Traffi C
Association had elected commissioner, had
agreed TO the formation of pool on a money
basis, and had adopted resolution to
restore rates east bound next Monday.
The strength in Lake Shore was
further stimulated by a report in the afternoon
that a settlement had been effected with the
Nickel plate bondholders. on a basis of per cent
Lake Shore was strong from the opening to the
close of the board, but it's most rapid advance
was made in the last hour, when it rose II per
cent and closed below the best price of the
day, with net gain of % per cent In
the afternoon New York Central touched
par FOR the first time this year,
Yielded later to yos, rallied again 10
par. and closed at that price, a gain of Il per
cent Michigan Central is also q higher. Lack
awanra rose to 101 and closed below that
price net gain of J per cent Delaware &
Hudson is up Il, New York Central J, Louis
vile & Nashville l, Texas e. Pacific and NJ. K
& Il. Il. Northwestern opened and
almost Immediately sold at 103
but it was heavy during the remainder of the
day, and closed with loss of !, while ST. Paul.
with fluctuations of only ;, is higher, and the
Missouri Pacifcs and Oregon Transcontinental
are down each / Comparing prices this
evening with those of a week ago.
nearly everything is higher, Western
Union being the only prominent exception, with
O. loss of % per cent. Louisville & Nashville
is up 64, Lake Shore 81, Texas Pacific 3. NJ, K.
Il T. q, New Jersey Central q, Delaware &
Hudson % and Northwestern2 2 The total sales
for the week were 1894, 918 shares against lob.
$50 shares for the five business days of last week
The market closed with the following prices
bid: