The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-21
FAIRLY ACTIVE MARKETS.
Speculation Not Very Active, Though
the Volume of Business Is Fair.
Operators About Evenly Divided as to the
Future of the Wheat Market-Pro-
visions Dull and Easy.
MONEY AND STOCKS.

Good Demand for Railway Bonds-The Stock
Market Active and Strong.
NEW YORK, June 20.-Money on call was
easy at per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was dull and steady at
1885, for sixty days, and s4.SGs for demand
The total stock sales to-day were 206, ola
shares including the following Delaware,
Lackawanna & Western, 26, 100; Lake Shore.
16, 205; Louisville & Nashville, 6, 400; Northwest
ern, 10,540; New Jersey Central 5000; New
York Central, IL, 253; Pacific Mail, 4,6S5; st.
Paul, 1880; Union Pacific, 10, 100; Western
Union, "a, 0l0; Northern Pacific preferred, 1890.
Government bonds are quiet and strong at an
advance OF for everything except the tours,
which are unchanged
State bonds have been quiet and strong.
Railroad bonds continue very active, and
little larger than those of yesterday amounting
to %, 300, 600, the increase being due to larger
business in Erie second consos, the transactions
in which aggregated 81, 337, 900. The sales
Of West Shore frsts were 1884,
600. Prices are generally higher,
and there was a very decided GAIN accompanied
by the activity in the second consols, which
closed at 52a, net gain of q per cent West
Shore frsts closed at advance of per cent.
Iowa Midland frsts are up 81 Houston Il Texas
Central firsts, western division, coupon off, g.
New Orleans Pacific frsts, coupon off, IL Wa
n.sh , Chic.ca division fves, 4; st, Louis,
Kansas City 6 Northern real estate sevens,
Q. few of the issues traded in
are lower. The business in this class
Of securities during the current week has been
&hal IF fop fbo ho fQta lcala
were $l4, ST, 500, an increase over last week.
which was about an average week.
The stock market has been active and steady
nearly all day. Prices at the opening were, in
many cases, shade better than the closing
quotations last evening and in the early deal
ings there was a very decided advance made
by the Vanderbilts, Lackawanna and st. Paul.
accompanied by heavy transactions. After the
first hour the market was less active, but con-
siderable amount of business continued to be
done throughout the day, and prices advanced
until nearly o'clock, when there was a halt
followed by somewhat lower quotations for the
more active stocks. Lackawanna, Northwestern
and Pacific Mail were exceptions, selling lever
than at the opening, and they did not fully re-
the losses before the close, but in the last
hour the general list rose to about the
highest prices of the day, with
the exceptions indicated, and of
Lake Shore, which was heavy most of the after
noon. The total business of the day was larger,
with one exception llast Monday, than any other
day since May %.
The street is growing day by day more fully
30 believe that some of the leading operators
who have been on the .'bear" side of the market
Woerishoffer ombination, are now act
lively buying stocks, and it is claimed
that after they secure their line
of stocks it is reasonable to believe that there
viii be much better chance to settle the differ
ences between West Shore and New York Cen.
trail, which would, in turn, lead to further
buying movement, as the railroad fight is the
most serious obstacle to general ''bull' cam
paign. Leading brokers say that the pro-
gramme seems to be to advance the dividend pay
ing securities first and the lower priced securities
later. The closing prices this evening are gen.
orally from to Il higher than they closed yes
terday, the greatest gain among the active stocks
beng made by New York Central and New Jer-
market this morning to buy the Vanderbilt
stocks Western Union, Missouri Pacific
and Manhattan consolidated sold this
afternoon .ex. divided Among the less
active shares the feature of the
day was the advance in Manitoba, which made a
net gain of a. per cent. There was no we'll
defined reason known for this advance although
it was said to be due. in a great measure, to an
attempt to cover short contracts. Omaha pre-
ferred is also up 4. There was IN
reports that the Canadian govern
nent would buy 100000 worth of its
land which would be sufficient to enable the
company to complete the road. The stock this
evening shows gain of !.
Comparing prices this evening with those week
age, nearly everything on the list is higher; Union
Pacific and Kansas e. Texas for small fractions,
New York Central is up AZ, Central of New
Jersey and Michigan Central, each 4, Lake
Shore 81, St Paul 81, Rock Island g. West
ern Union q, and others for smaller amounts,
The total sales for the week have been 1.l0S, 239
shares, which is the largest weeks business
since the latter part OF last month.
The market closed with the following prices
bid: