The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-29
RATHER UNSTEADY MARKET.
Wheat Opens Lower, but Stiffens Up
and Closes Fraction Higher.
Corn Firm, but Trading Light--0ats Con-
tinue Firm-Mess Pork Strong and
Steady-Lard Closes Higher.
MONEY AND STOCKS.

Heavy Dealings in Railway Bonds-Stocks
Irregular aud Feverish.
NEW YORK, July 2S-Money on call was easy
ct per cent
Prime mercantile paper, 4 05 per cent
Foreign exchange dull and unchanged
The sales of stocks to-day were 362 391
shares, including Delaware Lackawanna
G. Western, 2S5OO; Erie, Is, 395; Kansas & Texas,
10, 900; Lake Shore, Sc, 525; Louisville & Nash
vile, 10, 765; Missouri Pacific, 17,475; Northwest
ern, 1880; New Jersey Central, 2l,670; New
York Central 81, 531; St Panl, GO 740 Western
Union, 1920; Union Pacific, So 635; Northern
Pacific preferred, 1890; Oregon Transcontnent-
al, 5,160
Government bonds are dull and steady.
State bonds have been quiet and about steady
This has been one of the most active days in
the railway bond market that has been seen in
the past six months, the total sales being
"a, 100000 Erie second consols contributed
81, $4,000, during which the price rose to g.
closing lower, with net advance for the day
of 3 per cent West Shore frsts were traded in
to the extent of 81, 069000 from AL down to
43&, closing at the latter quotation. loss of
] per cent. There was left only ST., $4,000 for
the rest of the list, little more than an
average days business. Prices are generally
higher.
The stock market has been somewhat irregu-
lar to-day, and at times feverish. and, taken as a
whole, moderately active but the business has
bsen limited to a few of the favorites st. Paul
leading, with sales of g. 700 shares. The next
most active stock was Lake Shore, with 80, 800
shares, and the sales of New York Central
Lackawanna, Union Pacific, Western Union and
New Jersey Central ranging in amounts to 20, 900
shares each. There was, however, unusual ac-
fiNyitu in mi fo Init
H,475 shares to the days business,
and which displayed more than the ordi
nary amount OF fevershness and weakness.
The market opened strong, New York Central
showing gain of = E. & L. S. Il. In some
instances fractional advances were made in
early dealings. This was, however, followed by
a decline, which continued during most of the
forenoon, carrying prices down l to per
cent, and reaching the lowest quotations of the
dav, with a less active market. Prices again
became firm, and so continued during the fore
noon, but with few exceptions the
early losses were only partially recovered,
Union Pacific New Jersey Central and
Lackawanna being the only prominent stocks
that made their highest quotations in the last
hour. The market closed heavy, of the
small reactions that took place in the afternoon.
It is semi-offieially stated that the Missouri Pa
cifc is extending its lines into the Union Pacific
territory The net results of to days operations
is decline OF ! per cent. in the Vanderbts,
for NGrthwestern' and N,s. for St. t., Paul
Missouri Pacific, while the rest of
the list is up from to Il
per cent. Union Pacific developed noticeable
strength in the last hour reaching the highest
quotations of the day. The course of days
market indicates the fact that the announce
ment of the settlement of the troubles between
New York Central and West Shore has been
very fully discounted, as is shown by Slight
decline in the price of the two securities
most directly interested. The indications are
there is a possibility still of some difficulty
in bringing about final adjustment of the
affairs of the West Shore road, although no one
doubts that as far as the street is concerned the
matter is settled.
The governing committee of the Stock Elk
change admitted to the list the Farmers Loan
and Trust Company certificates for the second
mortgage 7per cent. bonds of 1876 of the In
dianapolis, Decatur & Springfield railway,
deposited with that company in pursuance of an
agreement between the second mortgage bond
holders and the company. The amount of the
certificates cannot exceed So. IT'S, 900.
The market closed with the following prices
bid: