The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-30
EXCITING DAY ON CHANGE.
Decidedly Lower Prices for All the
Cereals and Also for Provisions.
Wheat Declines in Spite Of the Circulation of
the Most Damaging Crop Reports Yet Re-
ceiyed-Corn One Cent Lower.
MONEY AND STOCKS.

EAe New York Market Shows Increased Ac-
tivity, but Prices Are Weak.
New YORK, May 29.-Money call was
easy at per cent
Prime mercantile paper, 495 per cent.
Foreign exchange was dull at 81. 86l for sixty
days. and $4.SS for demand.
The total sales of stocks to-day were It's, 254
shares including the following: Delaware.
Lackawanna and Western, 26,lso; Louisville
g Nashville, 1914; Lake Shore, 9,220; Jersey
Central $3.50; Northwestern, 20, 500: New York
Central. 16, l4l; Pacific Mail $685. ST. Paul.
30. 4s0; Union Pacific, 22,325; Western Union,
6,255; Northern Pacific preferred 1885,
Government bonds have been quiet and steady
at quotations.
Quotations for State bonds are irregular
Some of the Tennessees and Ohios showing de-
clines in prices from to per cent, while
Michigan sevens are higher.
The railway bond market continues active and
prices generally strong The total sales to-day
were 81, 900, 900, an increase over yesterday of
$4,000 In to days business. Erie second con-
soils contributed ST. 1886. 000 The total sales
during the past five days amounted to $40, 1872,
600. The sales during the past month have
amounted to nearly $40, 000 900, an increase over
The Stock Exchange will be closed until IL
o'clock on Monday next.
President Harris, of the Northern Pacific
company, says there is no truth whatever in the
statement recently made regarding the lease of
the Oregon Railway g. Navigation. in which
1t was alleged the terms had been settled.
The stock market has been little more active
to-day, the total sales being lis, 200 shares; but
Of this amount over 60 per cent. consisted of
transactions in st. Paul Laekawanna Union
Pacific Central.
which the sales ranged between 30, 600 and &C. 600
each, in the order named. Prices were somewhat
irregular. but, taking the day as a whole, weak.
The declines this evening, as compared with
yesterday, range from ! to per cent. In early
trading this morning there was a drive made at
the market, (which reduced prices small fractions
from the opening quotations. but which was met
In short time by sustaining orders. The high
est prices,were reached generally before mid
day In the afternoon the market became very
dull, with dropping tendency, but without any
decided breaks, which continued until o'clock,
when prices again yielded The decline was
checked shortly before o'clock, and
the market closed steady on a rally of
to per cent from the lowest
quotations of the day. The selling movement in
the afternoon was encouraged by news from the
West that the St Paul had given notice of its
withdrawal from the Colorado and Utah pool,
and that there was trouble between other lines
belonging to the pools recently established be-
tween Chicago and the far West st. Paul was
especially weak on this account, and shows loss
of per cent from last evening. The
announcement this morning, that the
proposition of the B. & O., so far as the New
Jersey Central is concerned, is simply working
arrangement, by which the B. & o. is to secure
entrance into New York over the Jersey Central
lines, but that no guarantee of either interest or
dividends ON the bonded stock of the latter is
contemplated, had depressing effect on the
stock, which closed with net loss of Il. Pa
eifc Mail, Union Pacific and Western Union,
were among the strongeStstocks on the active list,
yielding in the final quotations only to ].
Comparing prices this evening with the closing
quotations last Saturday, almost everything on
the active list is lower. the declines ranging
from fraction to 80, the latter Lackawanna.
Transactions for FIVE days this week. 739, 757
shares, against /. 038 600 last week. Lake Shore
shows loss of u; New York Central, u; Lack
awanna 81; Delaware & Hudson, Al; Omaha Al;
st. Paul, 81; Northwestern, %, and others on
the active list smaller fractions for the month.
The market closed with the following prices
bid