The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-28
EXCITING DAY ON CHANGE.
Wild Fluctuations in Wheat, Caused by
the Conflicting War News.
The Market Finally Closes q Trife Lower
than Saturdays Figures, and Higher
than the Opening Yesterday Morning.
MONEY AND STOCKS.

The New York Market Continues Dull, but
the Undertone Is strs M.
NEW York, April 27.-Money on call con
tinues easy at III per cent, closing at II per
cent
Prime mercantile paper, 405 per cent.
Bar silver, unchanged at $1.05.
Foreign exchange is very dull; practically there
is no business doing, actual business is done al
a. Sc and $3.50
The sales Of stocks to-day aggregated 162, 04s
shares, including the following: Delaware, Lack
awanna g. Western, $500; Northwestern, IL,
200: New York Central, 30 9O0 Pacific Mail, g.
500; St Paul, 80 400; Union Pacific. q, 800; West
ern Union, 5,4O0; Oregon & Transcontinental,
$500
Government bonds were very strong this af-
ternoon, the fours advancing and the four
andahalf Ger cents. per cent with sales of the
fours at 1923.
State bonds were quiet. Quotations are gen.
orally about steady,
There was a well-distributed business in rail
way bonds, none Of which. however, were active
except the Chesapeake & Ohio. Prices this even
ing show greater number of advances than de
clnes, as compared with previous Sales but the
changes in many cases are for only small frac
tions Considering the dizziness of the general
market, the investment demand for securities OF
this class is very good The total sales to-day
were 1922, 600, decrease from Saturday OF $67,
O00
The stock market continues dull, but with a
6trong undertone. Prices at the opening this
morning were shade lower than the closing fig
ures on Saturday, but the decline was immedi
ately checked. and the upward movement when
Immediately followed continued until late in the
afternoon, when, on some realizing and the pub
hcation of news to the effect that cutting
of rates in the West spreading, the
market reacted attraction, but closed firm at
prices which, in most cases, are fraction higher
than they closed last week.
The war news has ceased to have any decided
effect upon the market. To-days business, al
though light was almost double that of Satur
day, the total sales being 10000 shares OF
which st. Paul, New York Central. Union Pa
cific, Oregon & Transcontinental Northwestern
aad Lackawanna contributed nearly 76 per cent
There was considerable activity and strength in
New York Central this forenoon, on report
that negotiations were again under way
looking to settlement or the
differences between that company and
West Shore. The stock advanced per cent.
from the opening. In the afternoon the next
quarterly dividend was offered at of l per
per cent, and the stock reacted, closing at a net
loss of per cent. Lake Shore was quiet. and
shows a gain of 3 per cent. at the close. There
was good buying of the grangers during the
early part of the day, Northwest selling up to
IS, and st. Paul to 71s while Omaha preferred
advanced to n. The advances were subsequent
ly lost, Northwest closing lower and ST. Paul
unchanged. Omaha preferred is still up !.
There was unusually active trading in
Oregon e. Transcontinental, which closed
this evening higher, both the actively
and the advance being attributed to the opera
tions of inside parties who claim that this stock
has not responded to the favorable influences
attending the negotiations for leasing the Oregon
Navigation and Transcontnental lines to Union
and Northern Pacifcs Advces from Boston,
received on the street, this afternoon state that
joint lease of the Oregon Navigation has prac-
tically been agreed upon. Missouri Pacific is
higher 1t is officially stated that the earnings
of Pacific Mail for the month Of April. partly
estimated on the business between New York
and Aspinwail, amounted to $l02.124, gain
over the same month last year of So, 788 The
stock, however is'a lower this evening, ON very
small business. Union Pacific shows gain of
aper cent.
The market closed with the following prices
hid: