The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-31
CONDITION OF THE MARKETS.
Wheat Moderately Active, and Trading
Marked by an Easier Feeling.
Prices Practically the Same as One Year
Ago-COrn Easier and Lower-Pork
Firmer and a Shade Higher.
MONEY, BONDS AND STOCKS.

light Business in Railway Bonds-Frequent
Variations in the Stock List.
NEW YORK, Aug. 29.-Money on call was
easy at II per cent
Prime mercantile paper, 495 per cent.
Foreign exchange quiet and unchanged.
The total sales of stocks to-day were 2O4 549
shares, including the following: Delaware.
Lackawanna & Western. 27,765; Kansas &
Texas 1000: Lake Shore, IA, 100; Louisville
& Nashville, 10, $40; Northwestern, 20. 8l4; New
York Central 1850; St. Paul, 2l525; Texas
Pacific 4,54O; Union Pacific 6,665; Western
Union, %. 1Ol; Northern Pacific preferred, 1885,
Oregon Transcontinental, 1920.
Government bonds are dull and firm.
State bonds are dull and steady.
The sales of railway bonds to-day foot up less
Than on any day in nearly two months, the total
being only 81, OS5, 600, of which Erie second
eonsols contributed 1886, 000 Prices are gener
ally higher.
The stock market to-day has been alternately
moderately active and extremely dull and
firm. The fluctuations however, were
not wide, as a rule. until during the
last hour, when there was a decided
break, led by the grangers Prices were weak
from the final figures last evening, and during
the first fifteen minutes there was a further frac
tional decline. This was followed by a slow but
moderate reaction, and the market became ex-
tremely dull and comparatively steady. and so
continued until late in the afternoon.
The announcement made shortly after
2 o'clock that the dividend on the
preferred stocks OF the Northwestern company
had been declared, and that it amounted to only
II per cent, instead Of 2, the amount expected
for some time past, was the signal for break in
all the grangers. in which the remainder OF the
forty five minutes were from l to 2 per
cent, the greatest weakness, next to
the grangers, being in the Vanderbilts
and Lackawanna In fact the latter was
heavy, and the street unusually we'll sup
piled with vague reports tending to show that
there was to be break in this stock. There
was very little news of interest af1oat during
tha day. previous to the announcement of
the Northwestern dividend, the market
being featureless until after 2 o'clock. 1t closed
generally at the low est price Of the day, with
net decline, as compared with last evening, of
% in Northwestern, II in ST. Paul, q in Omaha
common. a. in preferred; in Lake Shore, II in
New York Central, and l per cent
each in Delaware Hudson,
Western Union, New Jersey Central Oregon
Navigation. and Northern Pacific preferred.
Louisville & Nashville was weak all day, and
closed with loss of / :! per cent The market
closed weak, but decidedly increased activity
in the last hour ran up the total transactions to
10000 shares in excess of yesterdays business.
the sales o-day being 204 $40 shares. Comparing
prices this evening with those of a week ago
the most important changes are a decline of AZ
in Northwestern. IS in Omaha common and A.
in the preferred 81 in Lackawanna, p in Read
ing, q in st. Paul, % in Lake Shore, and q in
Chicago Burlington & Quincy and Northern
Pacific preferred. None of the active list shows
an advance. The total sales for the week were
1893 800 shares.
The market closed with the following prices
bid: