The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-04
ONLY MODERATELY ACTIVE.
That Was the Condition of Business in
the Chicago Grain Pits Yesterday.
Large Offerings of Wheat Cause a Further
Decline in Prices-Little Doing in Pro-
visions and Prices Unchanged.
MONEY AND STOCKS.

guinness In Halfway Bonds-Ine StOck
Market, Dull but Strong.
New YORK, July 3.-Money on call was
easy at per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull and unchanged.
The sale of stocks to-day aggregated l40 1927
shares, including the following: Delaware,
Lackawanna & Western, 1857; Lake Shore 90,
GO; Northwestern, zoos; New York Central,
- 100; Pacific Mail, 1866: St Paul, 10, ITO;
Union Pacific 3 925; Western Union, 1890.
Government bonus have been dull, but quota
lions steady
State bonds have been quiet and quotations
steady.
The railway bond market has been dull, es-
pecially so during the latter part of the day.
The total sales were only $895, 900, of which
West Shore firsts contributed $3.50, 000 and Erie
second consols $205, 600. The remainder of
the business was distributed in small amounts,
and prices are generally higher The total sales
For the five days have been &c. 27 0OO only one
half the business during the six days of last
week; but there has been a steady advance In
the prices Of most of the investment issues
The stock market has been very dull and
strong all day. The total sales only lao, 300
shares. and Of this amount five stocks, Lacka-
wanda, Lake Shore, Pacific Mail st. Paul and
New York Central, in the order named,
contributed 112, 300, leaving only % 900 shares
to be divided among the remaining stocks traded
in. Prices at the opening were decidedly strong,
showing an advance of to per cent. for every
thing except New York Central, which up
per cent. The changes during the day were
upimportant, the reactions being only slight and
the upward movement being well supported,
especially the close of the board The
emit Of tH1 3ovy'o SC nIxy fNu
almost everything on the list, ranging from to
IL per cent. The most important gains were in
the Vanderbilts, Lackawanna, and Del
aware & Hudson, the other changes
being for fractional amounts. 1t is
conceded that the railroads are having a heavy
tonnage and all that is now wanting, it is claim
ed. is profitable rates.
There are some indications that the long
talked-of settlement of the trouble between
New York Central and West Shore is approach
ing consummation. A dispatch was circulated
on the street in the forenoon, to-day quoting
President Roberts, of the Pennsylvania road,
saying: "There is no change in the railroad
situation; things are as bad as they can be- and
the immediate future is not brilliant" But
on the other hand, reports were circulated pur
porting to give the views of the New
York Central officials. The statement
being made that they were jubant over the adj
vance in rates ordered yesterday and they be-
heve the advance will be maintained. The mar
get closed, In most cases, at or within a small
faction of the highest prices of the day, and
strong at the advances made. Tomorrow being
a general holiday, the Stock Exchange will be
closed. Comparing prices this evening with
those of last Saturday, the changes are unm-
pOrtant, except for Lackawanna. which is down
s. few stocks are higher, notably the Van
derbiits, New York Central being up l, and Lake
Shore i. The total sales for the past five days
have been 1,1l0,098 shares against 1,2l9, 844
shares for the six days of last week
The weekly bank statement, issued to-day,
shows the following changes:
Loans increase ...-.-.............$ 3, 40 900
Specie, increase Observation-Disclosures. 1853 600
Legal tenders, decrease. Observation-Disclosures $40, 700
IeposlUs, increase 4,Ooo,oOO
Circulation, decrease Observation-Disclosures. 71,4OO
Reserve, decrease. ----------.-------. 1,78S, 525
The banks now hold SOL 607,S9S in excess of
legal requirements
The market closed with the following prices