The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-09
HEAVY TRADING In WHEAT.
Higher Prices Because of Prevalence of
Rumors of Short Crops.
Trade in Provisions Not Very Active, but
Prices Continue Steady-Stocks Fluctu-
ate Slightly and Close Weaker.
MONEY AND STOCKS.

Tho New York Market Generally Bearish-
Fluctuations Very Moderate.
NEW York, April 8.-Money on call continues
: Easy at per cent, closing at /.
Prime mercantile paper, 405 per cent
Bar silver, L063.
Foreign exchange is quiet at unchanged quota
tions. Posted rates 81 S5 and 81 49, but actual
business is done at $4s4a CASA and a. 66a a
Ls6s.
Government bonds have been dull. but strong,
and there is gain of per cent. in the quota
tons of the threes and the four-per-cents., both
registered and coupon.
State bonds are quiet and strong, quotations
IN many cases showing moderate gains.
The railway bond market has been more quiet
Today, the total sales being only $91S, 400, de-
crease from yesterday of $685. 600 As measured by
the number of shares bought and solo, Lake
Shore was the most active stock on the Exchange,
the total transactions footing up $4,000 shares,
but the extreme fluctuations were only of per
cent; the highest price which was reached in
She morning was so and the lowest price until
the last hour of business was 5Sa, but between
2 and 8 o'clock it fell to and closed at
58s-a loss of per cent. The next most active
stock was Pacific Mail, in which the trading
amounted to 2l,170 shares, with fluctuations
Of II per cent Opening at 48s, the lowest
price of the day. it rose in the forenoon to 80,
became very dull in the afternoon at
l9s 049s, and so continued until after o'clock,
The close to 47s-a net gain of i per
cent. The course of these stocks fairly illustrates
the character of the market to-day. There are
more stocks on what is generally considered the
active list that show advances than declines, but
the extreme fluctuations have been within mar
row limits, and the trading in no other stock has
amounted to as much as IA, 900 shares. The to-
tai sales were 162, 420 shares, decline from yes
terday of IL, 900 shares At the opening prices
were generally shade lower, with two or three
stocks as much as per cent below the closing
prices of last evening, from which there was
rally, then slight decline; then, on reports of
impending war trouble in Europe, another small
advance followed with some show of in
Extreme dizziness and slight fluctuations pre-
vailed until late in the afternoon, when prices
generally yielded a fraction and the market
closed weak. The street is generally bearish,
and it is believed that quotations must be lower
before a renewal of activity can be hoped for;
but there are some prominent houses that claim
that the present dullness is the result of apathy
on the part of the bulls, and that an advance is
the next thing in order. The Gould party, which,
for some days past, has taken no apparent inter
est in the market has arrayed itself 1t is said,
on the side of the bulls.
Comparing prices this evening with those of
twenty four hours ago, the most important
changes are an advance of per cent. in Central
of New Jersey, in Union Pacific and 3 per
cent in the Northern Pacific. On the other hand,
Chicago, Burlington Quincy is IL lower.
This stock has been particularly weak on ac-
count of the heavy falling off in the earnings as
recently reported. Manitoba is down per cent.
Notwithstanding thsdecision of Judge Ingraham
to-day awarding to the Oregon Transcontinen-
tai company $l12233 in its suit
against Kahn, Loeb d Co., to
recover damages for the sale of it collateral
some time ago, the stock has been weak all day
and closed.a lower than yesterday. The grangers
were very dull and Northwest is higher and
St Paul lower. The dividend on 5000 shares
of Northwestern was sold to-day at - to S. V.
White. but the sale subsequently, fell through,
the purchasers claiming inability to deliver In
either cash or script
OF the transactions to-day, 5000 were Central
Pacific 5000 Lackawanna 81 900 Lake Shore,
II 900 Northwestern, 5000 New Jersey Central
5000 New York Central $1,000 Pacific Mail,
1900 st. Paul, 10000 Union Pacific, 1900
Western Union. 10000 Northern Pacific, 1000
Oregon and Transcantineptal
The market closed with the following prices