The Indianapolis journal., 1885-07-24

Unusually Heavy Dealings on the Stock Ex-
change-Largest Sales for Months.
New YORK, July 23.-Money on call was easy
at per cent.
Prime mercantile paper, "A 5 per cent
Foreign exchange quiet at s.. .65a for sixty
days ami $4. 663 for demand.
The sales of stocks to-day were SOS, 292 shares.
including Delaware Lackawanna & Western.
1890; Delaware & Hudson. G,l45; Erie. s92
Kansas e. Texas, II, $50; Lake Shore, 45, 345;
Louisville & Nashville, 44645 Missouri Pacific,
$500; Northwestern, 81 915; New Jersey Central,
Is, 360; New York Central q ,445; Pacific Mail,
1866 Reading. $50; st. Paul, 7l,475; st. Paul
g. Omaha, $500; Texas Pacific, 1925; Union
Pacific, 7G, 348; Western Union, A. 875; Northern
Pacific preferred, $780, Oregon Transconti
mental, II, 835.
Government bonds have been dull but strong.
State bonds were quiet and steady
There is no special feature in the railroad bond
market. The sales were large, amounting to
s.. .345, 600, but Erie second consols contributed
81, 1884, 000 and West Shore frsts only $64S, 600,
leaving about the usual business of late for the
other issues traded in.
The stock market has been more active to-day
than for many months past The total sales
were go, 392 shares, an increase over yesterday
of 31,600 shares. The trading in each
of three stocks-Union Pacific, Lack
awanna and St Paul-was between 10000
and 76 600 shares. and IN three other stocks
Lake Shore, Western Union and Louisville &
Nashvilie--between A, 800 and $500 The sales
of the six stocks mentioned contributed 35480
shares, leaving 2l3, GOO shares to be distributed
among the other stocks on the list. the sales Of
nn nt expppdipp IN fhp
morning, with little interruption, there a
marked tendency upward, which continued until
I o'clock, and the highest prices of the day
made in the last hour, the gains from
the lowest morning prices up to this
time ranging from /! to % per cent, except
IIackawanna which rose per cent. In the last
twenty minutes, there was a rapid break, which
carried prices down to Il per cent, the market
closing active ana weak at the decline, but from
to over 2 per cent? higher than the closing
quotation last evening. The coal stocks played
an important part in today's market. Lacka
wanna f1uctuated heavily, and closed with
gain of %. Delaware & Hudson on small
TRANSACTIONS, is up Il; Central of New
Jersey closed at loss of l per cent,
the only decline among the active stocks,
with one exception. Reading is L. higher. The
Gould stocks show comparatively only small
advances, Western Union and Pacific Mail each
being up only per cent. while Missouri Pacific
is down ] per cent. Union Pacific, however
shows gain of L. The grangers are higher
Northwestern Is up IA; LOUISVILLE d Nashville Is
up II. No dividend is contemplated. Missouri
Pacific common is up ! and the preferred II.
The proposed lease of the Oregon Navigation
property by the Northern Pacific and Union was
ratified today by the directors of Northern
Pacific. feature of the day has been
the bringing forward of some of the lowest
priced and inactive stocks that have not been
traded in for months past 1t is stated that
Gould mas sold out all his holdings in Union Pa
ciflc, and that Boston, also, has been a large
seller at the advance 1t is understood the c.,
B. & O. is building 200 miles of new line into
the Union Pacific territory, and the earnings of
the latter company are not as satisfactory
was anticipated.
The market closed with the following prices
bid: