The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-21
STEADY PRICES FOR WHEAT.
Fluctuations Confined to Narrow Range
and Marked by a Steadier Tone.
The Depression in Values Caused by the Large
Stocks in Store-Proyisions Active at
Slightly Lower Prices.
MONEY, BONDS AND STOCKS.

A ell-Distributed Business in Railway
BOnds-Stocks Active and Dull by Turns.
NEW YORK, Aug 20-Money on call was easy
ut II per cent.
Prime mercantile paper, 4 al per cent.
Foreign exchange was quiet ands0nehaneed.
The total sales of stocks to-day were 40, 81
shares. including the following: Delaware.
Lackawanna & Western, "A, 7l6; Erie, 55l6,
Kansas G. Texas, $3.50; Lake Shore, 1885,
Louisville & Nashville, 16, S95; Northwestern,
n,l47 New York Central, 1885; Ontario &
Western, 1885, Pacific Mall 9,57l; Reading
200; St Paul, 81, l55; ST Paul & Omaha, 49,
100; Texas Pacific, 1855; Union Pacific. 28.575;
Western Union, 81 $50; Northern Pacific pre-
ferred, l1,267; Oregon g. Transcontnental
1925
Government bonds are dull and steady.
State bonds were a little more active and
quotations steady.
There was we-distributed business in rail
way bonds to-day, the sales amounted to $2,412
OO0 of which Erie second consols contributed
e871, 900 and West Shore frsts 1898, 900, leaving
for the rest Of list 81, 1868, 900.
The reported business on the Stock Exchange
to-day indicates quite active market, but it
was active and dull by turns. Many determined
efforts were made to set the ball rolling upward
and onward, but when the orders issued had
been executed there were few buyers found TO
carry on the work thus started and the result
was small business until new batch Of orders
made their appearance. Prices at the opening
were decidedly strong, the advances in the open
ing quotations over final prices yesterday rang
ing from to !. During the fore
noon, and generally within the first hour
of business, there were further advances, which
made thestotal gains as compared with yester-
day, amount to n per cent, with exceptional
advances in the Omahas The extreme rise in
Union Pacific was Il, but it did not reach its
highest point until later in the day Pacific
Mail, Lackawanna and Reading each rose !;
Canada Southern, Il: Minneapolis 6 ST. Louis
preferred, L. the common, IL and others frac-
tional amounts. There a long period of
dizziness after midday, and material decline
from the highest figures, which developed into a
very decided weakness in the last hour
especially in Lackawanna, Lake Shore, Jersey
Central, St. Paul, and New York Central. The
break in Lackawanna. in the last hour, amounted
to II per cent; Lake Shore fell l. Jersey Central,
!; St Paul, :; and New York Central, !.
Canada Southern shows a gain of l J, and Min
neapos d St Louis l. Except Pacific Mail,
which is up ,. all of the active list is lower. The
coal stocks were weak, because the old combina-
ton, by which the companies were restricted to
allotted percentages in their production, no
longer exists, and Lackawanna positively refuses
to enter into another ombination. The market
closed weak, generally at or near the lowest
prices of the day with sales of 401, 400 shares.
The market closed with the following prices
bid: