The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-31

Stocks Open Active, But Close Dull and Gem
orally Lower.
NEW YORK, July 30-Money on call was easy
ut II per cent
Prime mercantile paper la per cent.
Foreign exchange was quiet and unchanged.
The total stock sales to-day 378 597
shares, including Delaware, Lackawanna
& Western, GO, 730; Erie, 1900; Kansas & Texas
Is 800; Lake Shore, 43, 300; Louisville 6; Nash
vile, 1915; Missouri Pacific, ID 900; Northwest
srn, 1850; New Jersey Central, $3.50; New
York Central, IL, 100; ST Paul, 43, $780, Union
Pacific, 20, 1885, Western Union, sc, $50; Northern
Pacific, IL $780, Oregon Transcontinental, 10 175
Government bonds have been dull and fever
ish.
State bonds have been very dull and quota
tons steady.
The sales of railway bonds amounted to &c.
GA, OO0 of which go 205000 were Erie second
consols and 100000 West Shore frsts, leaving
1864 900 for the rest of the list. There was con
tinued strength in Erie second consols in the
forenoon the bonds selling up to 63sc, but later
they yielded materially, selling as low as 6lac,
and closing at 81 &c, net decline OF per cent.
West Shore frsts sold between 434c and 42ac,
closing at the latter quotation, decline or per
42c. Prices, however, generally higher.
The stock market has been more or less unset
tied and irregular all day, though IN general it
was strong in the forenoon and weak in the
afternoon. There was large business done
between 10 and II o'clock the reported transac-
tons amounting to 249, 1897 shares, but the rest
of the day was dull, the sales of the next three
hours aggregatng only 1884, 600 shares. There
were no very active stocks except Lackawanna,
Western Union, st. Paul and Lake Shore
Western Union was notably strong. on rumors
of some kind of an understanding between the
Western Union and Baltimore q Ohio, by which
the two lines are to be merged Nothing defn-
lite is known, however in regard to the truth of
the rumorS. The stock rose in the forenoon /
per cent, but Missouri Pacific also gained II
Union Pacific L, Lake Shore Il, Lackawanna
II, ana others fractional amounts. Jersey
Central, on the contrary was weak for time
selling down :, most of which, however, was
recovered, and again nearly all lost before the
midday. While prices were irregular, the down
ward movement in the afternoon was a slow one,
In many stocks for considerable time
remaining stationary. The greatest weakness
IN the last hour was developed in the grangerS and
Vanderbts. Northwestern is l. lower, St Paul
+, New York Central l. Manitoba l. Lackawanna
/, Lake Shore unchanged. The gains other than
those mentioned are: Pacific Mail J. Canada
Southern, l; Union Pacific, i Northern Pacific,
common, l. and the preferred !. With few eX-
ceptions the closing prices were at within !
per cent. of the lowest figures of the day, West
ern Union, however. being up from the lowest
quotation, Oregon Navigation |, Missouri Pacific
! and Northern Pacific, common, l. 1t is said
there is danger of some of the bondholderS of
the ST. Louis. Kansas City & Northern Railroad
Company securing possession of that road for
the purpose of establishing an opposition line
between St. Louis and the far West.
The market closed with the following prices
bid: