The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-15
LOWER PRICES FOR GRAIN.
Wheat, Corn and Oats All Close q Frac-
ton Lower Than on Monday.
The Provision Market Shows Considerable
Strength-No Change of Importance in
Any Other Line of Trade.
MONEY AND STOCK 8.


The Largest Transactions the Stock Ex-
change in any Day for Six Months.
New YORK, July l4-Money on call was
easy at per cent
Prime mercantile paper, as per cent
Foreign exchange lower at $464 for GO days
and 81 So for demand.
The stock sales to-day were 427, 262 shares,
including Central Pacific, 5000; Delaware,
Lackawanna G. Western, 1868; Erie 6735;
Kansas & Texas $3.50; Lake Shore, 465S5;
Louisville & Nashville 1880: Northwestern,
1920; New Jersey Central, $500; New York
Central, 45 $780, Pacific Mail, A. $780, ST Paul,
98 no; Texas Pacific, 4, 700; Union Pacific, 49,,
260: Western Union, ID $780, Northern Pacific,
preferred, 4,72l; Oregon Transcontinental.
3,73O
Government bonds have been little more
active and quotations rather weak for every
thing
State bonds were very quiet and quotations
about steady.
There was again small business in the general
bond list, and also reduced trading in the specu-
lative issues that have been so active of late.
The total sales today So, 294, 100. of which West
Shore frsts were 81, $751; 00O Erie seconds.
soils, $40, 900, and the NJ, K. & T. issues 1914,
600, leaving only 1888 600 to be divided among
all other railroad bonds traded in. Prices are
irregular
The stock market has been very irregular and
unusually active today, the total sales-427, 262
shsres-exceeding tie business of any single
day for the past six months. AS usual how
ever, the principal portion of the business was
Al.
Lackawanna, with nearly $4,000 shares, and
Lake shore and New York Central, with 46 500
and a.. 800 shares, respectively contributing
over So per cent of the days business If to
this be added four other stocks, Louisville &
Nashville, Northwestern, Union Pacific and
Western Union, the trading in the remainder
much as 5000 shares The morning
was remarkably active, the total sales for the
first hour amounting to 128, 600 shares. Prices
Of the leading stocks moved up and down, with
out much regard for each other but the most
feverlsh on the list was Lackawanna, which
made many fluctuations, and closed, finally, at
979 The only stock which more active on
the list, St Paul, was comparatively steady in
the forenoon, at little above Is, except a sale
of 100 shares. at 74s until in the afternoon,
when it reached 76, and after selling again at
75i in the last hour it rose to III, but closed,
finally, per cent lower, with gain of Il per
cent. The street was abundanty supplied
with reports respecting the alleged settlement
of the differences between the trunk lines.
among them being one to the effect that Mr..
Depew and Mr.. Twombey had gone to confer
with Vanderbilt on the subject of an agreement
between the New York Central and the Penn
sylvania roads. Other stories were freely cir
euiated, but nothing definite was known on the
street regarding negotiations but the belief is
general that settlement will be reached very
soon. New York Central rose l. per cent. from
last evenings closing price, but closed with net
gain of l per cent, and Lake Shore is up j.
Northwestern was comparatively quiet, although
is was alleged that some of the Chicago
ing special attention to St Paul,
transferred their business today to the North
western, claiming that it, too, should realize
handsomely from the forthcoming traffic ex-
pected from that section OF the country. The
final prices show net gain of !. Both Western
them selling above the closing price last evening,
and each showing loss at the close OF J, which
is, however, ! per cent above the lowest of the
day Union Pacific, with fluctuations of only l.
is higher than it closed yesterday There was
considerable strength developed in the last hour
in Louisville & Nashville, portion of
which was lost, the stock closing with
gain of per cent Omaha preferred is up /,
Missouri Pacific II. and Canada Southern g on
light transactions. Other changes are unim
pOrtant. The best prices of the day were gen
orally made after $50 P. NJ, but there was a
very decided reaction during the last fifteen
minutes, amounting III some cases to per cent,
and the market closed irregular, excited and
feverish. The leading bull operators say that
next week they will take hold of some of the
lower priced stocks and advance them to very
much higher figures, mentioning such stocks as
Pacific Mail. Louisville & Nashville, and Erie.
The market closed with the following prices
nd