The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-29
LIGHT TRADING ON CHANGE.
Limited Transactions in Wheat Until
Near the Close of the Session,
When the Longs" Manifest Disposition to
Offer Considerable Quantities = Little
Doing in Provisions, and Prices Easier.
MONEY AND STOCKS.

Dull Market for Railway BOnds--Stocks
Weak and Dull at Lower Prices.
New YORK, June 1.-Money on eafl was
easy at per cent.
Prime mercantile paper, 405 per cent
Foreign exchange was dull and unchanged.
The total sales OF stocks to-day were 100, s62
shares, including the following Delaware
Lackawanna & Western, 80, 0S4; Lake Shore
5,I00 Louisville & Nashville, CABS; Northwest
srn, 1000; New York Central, 1850; Pacific
Mail, 1880; st. Paul, PAGES; Union Pacific
Il, 300; Western Union. 3 404
Government bonds are dull and firm, except
tor the threes which are shade higher.
State bonds were very dull all day, but quo
tations were steady.
The railway bond market has been dull to-
day, and over two thirds Of the business was in
West Shore and Erie second consols. the sales
of the former being 1890, 900 and of the latter
t240, 900. while the total transactions amounted
10 500, 900. Prices were irregular and
the changes in many cases were only for small
fractions. the total sales for the week have
been $12 $50, 900.
The stock market has been weak to-day, New
York Central, Pacific Mail and Central of New
Jersey leading. At the same timo business has
been very dull. Prominent brokers say, how
ever, that there are two spectators ready to
trade in stocks to-day to one six weeks ago, and,
barring adverse influences in certain special
stocks, the market exhibited strong undertone.
Notwithstanding the decline for the past two
days, the street is "bullish" the situa-
ton. The market opened weak, and after
q fractional decline, rallied generally to shade
shove the opening quotations, and then slowly
sagged off during most of the remainder OF the
day There was a little rally III the afternoon,
followed by decided weakness between and 3
o'clock, in which Jersey Central led, on the
Al~zA - ~ 1,N,1 id
to give the Reading company another chance to
retain the lease of the Central and IN intimation
was therefore forwarded to the Reading company
IN which it was stipulated that If the Reading
company does not pay the July dividend when
due, legal proceedings will be begun at once to
annul the lease. This is final. President Little
says, there is little doubt that the lease will be
cancelled. The Jersey Central Company, it
Ia stated, has also decided not to silow the cou-
pons due July to be bought. The negotiations
between the Central and the Baltimore & Ohio
ere still pending. The street was in possession
of nothing of interest regarding Pacific
Mails loss of its steamer at Yokohama,
bat the stock was pressed for
sold down to 4Ss, but in the afternoon showed
more strength than the general list, and closed
with a loss of only 3. Friends of the grangers
still talk "bullish," and Northwestern only
were also weak, Lackawanna losing net J, and
Delaware and Hudson /. Other de-
clines are generally for fractions less
than ], but none of the active list
shows any gain Louisville & Nashville is I'M
changed. Rock Island sold ex dividend this
afternoon. The total sales for the day were
only $50, 862 shares, of which Lackawanna, st.
Paul, New York Central and Pacific Mail con-
tributed nearly 100 600 shares Comparing prices
this evening with those Of week ago. everything
is lower except St Paul, Z; Louisville & Nash
vile, {; Chicago. Burlington & Quincy, !; and
Missouri Pacific, higher. The greatest decline
was in Pacific Mail 4s, but New York Central is
down 3; Delaware & Hudson and Lake Shore.
each, q; Jersey Central q, and others smaller
amounts The total sales for the week have
been larger than any time for six weeks past,
amounting to 1,219, 244 shares.
The weekly statement of the associated banks,
issued to day, shows the following changes:
Loans increase ----%4, So!, lOO
specie, uocfeaS6
Legaltender, increase 29Ol, 700
deposits, increase o,U1Z,oOO
Circulation decrease. So 100
Reserve, increase Soo,SZC
The banks now hold $63, 1914, 425 in excess of