The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-08
A LITTLE MORE ACTIVITY.
The Wheat Market Rules Firmer and
Closes at Slight Advance.
Corn Strong and Higher-0ats Close a
Shade Easier-ProyisOns Quiet and
Steady, Closing Shade Better.
MONEY AND STOCKS.

Remarkable Strength Developed In the Al
ternoon by the Gould Stocks.
New YORK, Aug. Money on call was easy
at per cent.
Prime mercantile paper, 405 per cent
Foreign exchange dull, but steady at 81 So for
sixty days and 81 So for demand
The total sales of stocks to-day were 2G4, $40
shares, including Delaware Lackawanna s.
Western, 81 400; Kansas & Texas. 1926; Lake
Shore, 1882; Louisville & Nashville, 1880;
Missouri Pacific, 1900; Northwestern, ID, 442;
New Jersey Central, $500; New York Central
1900; ST. Paul, 10, 200; Texas Pacific, 1850:
Union Pacific II, 585; Western Union, 1922;
Northern Pacific preferred; 8, 500; Oregon Trans
continental, r. 265.
Government bonds are quiet and unchanged,
except the currency skies, which are weak.
State bonds have been dull and generally
strong
the railroad bond market has been fairly act
i've and prices generally about steady. The
trading in Erie second consols amounted to
$263,0O0, aud in West Shore frsts to $500, OOO
and in the rest of tho list to 81, 053, 000 1t is
said an important gain has been made In the west
Shore negotiations by the abandonment of all
opposition against the scheme by the Ontario &
Western parties.
The feature of to-days stock market has been
the remarkable strength developed this after
neon in the Gould stocks. The market
this forenoon was very dull and In
the fret hour weak, the decline in that time, as
compared with the closing, last evening" rang
ing from to per cent, with Lackawanna down
II. After IL o'clock the duliness became in
tense, but prices rallied small fraction. 1t
was little after II that life invested
In Western Union The street was literally
supplied with rumors all tending to show that
an understanding had been reached between
Western Union and the Baltimore & Ohio Tel
egraph companies by which they were to
operate either in harmony as two separate. or
und0r one management; or, In other words, that
the Western Union had secured control
of the Baltimore & Ohio. 1t
Is known the Baltimore & Ohio lines
were offered to the Western Union some sixty
days ago. aud that the terms not accepted
Il is now suggested, however that negotiations
have since led 20 better results. Western Union
rose in the afternoon from 69a to IL, and closed
lower-a net advance of q per cent-the sales
for the day being very large-83, 200 shares. The
bulls in New Jersey Central claim that of
Che considerations offered to the Baltimore e
Ohio managers for the surrender OF their tele-
graph company is through railroad from Phil
adelphia to New York, which, it claims, Mr.
Jersey Central stock The stock was
dull all day, but rose II per cent
from this mornings decline, and closed
on reaction in the last half hour, with
a net gain of per cent There sales of
only 1900 shares of Missouri Pacific between II
and 2 O'Clock. during which the price rose from
90 TO 922c in the last hour on a number of small
transactions, and closed at that price Union
Pacific and Lake Shore are up per cent. New
York Central shows gain of per cent. Other
gains are for fractional amounts, but almost
everything is higher. Pacific Mall however, is
an exception. but the sales were
. limited to $50 shares. AS tomorrow will be
observed as legal holiday, The week on the Elk
change closes this evening. Prices now, as
compared with the closing quotations last Satur
day, A per cent. higher for New Jersey Cen,
trial, 81 for Western Union, p for Reading, and
2 for Louisville & Nashville, and Missouri Pacific,
while Lackawanna is down q per cent The
sales for the FIVE days were l,Ol4,84S shares, a
decrease from the Six days of last week of III,
400 shares.
The market closed with the following prices
bid: