The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-16
SHARP DECLINE IN CONSOLS.
Which Carries the Price of Wheat Up
Two and Quarter Cents.
Corn Sympathizes with Wheat-ProvisiOnS
Close Steady and Slightly Higher-All
Other Markets Close Strong.
MONEY AND STOCKS.

An Active Day on the Stock Exchange, with
Heaviest Dealings of the Year.
NEW YORK, July 15.-Money was easy at
per cent
Prime mercantile paper, "a per cent
Foreign exchange dull and unchanged.
The stock sales to-day were Ala, 974 shares,
including Delaware, Lackawanna 81 Western,
80, $40; Delaware & Hudson, 3. l60; Erie, 1850;
Kansas & Texas $685.; Lake Shore, GO, 100;
Louisville & Nashville, 29,46O: Northwestern,
5000; New York Central, 81. $50; New Jersey
Central, 1875; Pacific Mail, 1906 ST Paul,
81 175; Union Pacific, 10000; Texas Pacific,
$500; Western Union, H. 2l.
Governments are dull and weak, especially the
threes and fours.
State bonds have been neglected, but quota
tons are about steady
Again the total transactions in railway bonds
foot up to very large figures, 81. 049 000-but the
sales of West Shore frsts were 81, 699, 900; Erie
seconds, consols 81 063 600; the Missouri, Kansas
and Texas issues, $685., 900, and East Tennessee,
Virginia, and Georgia, $4,000, leaving for the
remainder of the list only 1874, 600. Prices in
most cases show further advances.
The stock market has again been very active
Laekawanna and the Changers The total
sales to-day were 474974 an increase over yes
terday of 1900 shares, and decidedly the
larg est days business this year. But it was
the same half dozen stocks which yesterday
made up the larger portion of the transactions
that led the list again to-day. The trading in
st. Paul, Lackawanna, Lake Shore, New York
Central and Northwestern amounted to 323, 300
shares. over GO per cent. of the days business,
the stocks mentioned leading in the order named;
bnt it Lackawanna and the Vanderbilts
that attracted the greatest attention, and
that scored the greatest advance in
prices. Instead of being feversh and
irregular as yesterday the stocks mentioned
moved steadily upward until Lackawanna rose
from 964 to 1904, New York Central from 92s
to 96A, and Lake Shore from 6ls to 654, the
highest prices of the day being reached shortly
before 2 P. NJ. At the same time Pacific Mail
was weak, on a rumor that the dividend would
be passed, and that the steamship
Australian would be taken off after ttser
stated, however that the suspension of the Aus
tralan, will be no loss to the company, as it has
never made any money from that route. The
usual quarterly dividend of Il per cent was de-
clared, after the payment of which it was stated
the company will have about $400, 600 cash ON
hand. The stock was not active, and closed &c
lower than last evening. st. Panl, also. after
opening at 7e4, and selling early up to I'll, lost
Che advance in the first hour and remained about
eteaOy until late In Lne AFTERNOON, Wnen IL
again became strong and closed a
reaction, per cent. below the highest quota
tion reached, with net advance of ) per cent
Western Union was comparatively quiet all day.
selling only per cent above last evenings
closing quotation, and ending today without
change Northwestern rose q per cent, of
which was lost in the final quotation In the
early part of the last hour there was fractional
reaction which was recovered and again lost
before the close of the board, the market finally
closing weak at fractions below the highest
price of the day.
The market closed with the following prices
bid: