The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-19
DULLNESS IN THE MARKETS.
Wheat Quieter and Steadier Within a
Narrow Range of Fluctuations.
Germ Dull and Lifeless, with Very Little
NEUTRALITY-SUSPICIOUS. Flat and Prices
Generally a Shade Easier.
MONEY, BONDS AND STOCKS.

Railway Bonds Still in Good D~emand-Great
Activity in Coal Stocks.
New YORK, Sept. 17-Money on call was easy
at1013 per cent
Prime mercantile paper, 405 per cent.
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were 2l8,8 SIC
shares, including the following: Delaware,
Lackawanna & Western, $3.50; Kansas &
Texas, II, $780,; Lake Shore, 1925; Louisville &
Nashville, 10, 495; Northwestern, 9,155; New Jer-
sey Central, 3, 1905; New York Central. 4, $50; Pa
cific Mail, %, 100; St Paul common %, $50; Texas
Pacific, 500; Union Pacific, 4,785; Western
Union, 6,6l5; Northern Pacific preferred, 6.317;
Oregon & Transcontinental, 1890.
Government bonds are quiet and steady.
State bonds were not traded in on the Elk
change to-day. and quotations are heavy.
There was again a large and welldistributed
business IL railway bonds, and prices as a rule
we're well maintained without any material ad-
vance, except for a limited number of issues.
The sales of Erie seconds were 1862, 600.
The most prominent feature in to-day's stock
market was the strength developed in the coal
stocks. There were whisperings on the street,
last evening, that the coal companies were Job
tanning rather better prices for coal, and these
soft murmerings developed in stentorian tones
to-day. Inquiry among the leading coal
companies and the prominent middle
men elieits the statement that prices
have stiffened. Conservative coal men say, how
ever, that this squirt Of activity III the demand
was inevitable, but can only last q short time if
the present policy of unrestricted output is pur-
sued. Lackawanna heads the list in the amount
of business done, with sales of $3.50 shares, and
the stock, which opened at 100. rose with only
slight reactions and closed with a gain of Il per
cent. Delaware & Hudson is up q, and Jersey
Central shows a net gain of l per cent. The re-
mainder Of the general list shows only fractional
gains. First prices, as a rule, were the lowest
of the dav, and the highest prices were gener
ally realized by 2 O'Clock. In the forenoon
The market was irregular and only mod
erately active. After moving up and down
within a narrow range during the forenoon, it
became more decidedly strong after midday, but
in the last hour developed considerable dullness.
There was a small raid at one time on Pacific
Mail, which drove prices down. but it rallied
later. and closed with a gain of / St Paul was
comparatively quiet. and closed with a net loss
of L The statement for the second week of
September for Northwest shows a decrease
In gross earnings, compared with tle same week
last year, of 500, 900. Among the Gould stocks,
which were quiet, Western Union is unchanged:
Union Pacific is ! lower; Missouri, Kansas &
Texas Z, and Texas Pacific / higher. The squirt
of activity in the two stocks last mentioned,
which occurred a couple of days ago, has entirely
subsidized.
Early in the afternoon a despatch from Boston
was circulated, stating that President Adams
Missouri would build into the Union Pacific ter
ritory as absolutely false, but a later dispatch
received here saws: 1.-THE Burlington g Mis-
souri, track passed Norton on Sept. G. The grade
and bridges are completed to Oberlin, and the
road will take nine-tenths of the business of this
section"
The market closed with the following prices
bid: