The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-26
LIGHT TRADING In WHEAT.
The Absence of Exciting Foreign News
Causes a Rather Heavy Market.
Good Speculative Business and an Unsettled
and Weak Feeling in Corn-Provisions
Freely Offered at Lower Prices.
MONEY AND STOCKS.

MONEY AND STOCKS.
Activity In New York, with Frequent De-
ciines and Advances.
NEW YORK, May 25-Money on call was
easy at per cent
Prime mercantile paper, 405 per cent
In foreign exchange nothing was doing and
quotations are unchanged.
The total sales of stocks to-day were 236, 736
shares, including the following: Delaware,
Lackawanna e. Western, 62.s10; Lake Shore,
1880; Northwestern, 81 410 New York Central,
ii, 785; Louisville Nashville 4,080; Pacific
Mail, is, 030; st. Paul, 22,275; Texas Pacific,
1916; Union Pacific, IS, $780, Western Union, 10.
49,
The changes in quotations for government
bonds, are an advance of ! in the coupon four
and-one-half per cents and the tours, and a de-
cline of in the threes. There sales of the
threes at 1903, and the four and one half per
cents. at 111a.
State securities have been quiet and steady,
except decline Of per cent in Michigan sew
ems and per cent in Missouris.
There has been very decided reaction in to.
days stock market. Prices at the opening were
I to per cent. lower for most of the active list
with some exceptionally greater declines, and
after dull trading for quarter of an hour, there
was a decided break, with increased activity
during the next fifteen minutes. The decline
was then checked, and the market became dull
and stronger This operation was repeated
several times during the day. The declines were
accompanied by increased trading. and the
rallies, which were slight, developed inactivity.
In the last half hour there was "a general rally
especially in the Gould stocks, and in the of
Western Union the closing quotation is shade
higher than on Saturday, but with that exception
the active list was from to . lower than on
Saturday The greatest declines were in Della
ware & Hudson, %; Pacific Mail, i; Northwest
ern. II; Union Pacific, Is; St Paul, II New
Jersey Central, L. and New York Central and
Central Pacific each / per cent. The closing
prices leave final Declines however, of to
per cent, except Northwestern, which is down
II; Central of New Jersey, and Central Pacific
each l, and Lackawanna i, and Delaware &
Hudson 2s per cent. There was a considerable
increase in the amount of business done during
the day, the total sales being 236 1876 shares. but
of this business Lackawanna contributed 81 500
shares, and Union Pacific $4,000 shares Over
one-half the total sales were made
during the forenoon. The lowest prices of
Western Union, Union Pacific. and Lackawanna
were reached in the forenoon, while the lowest
prices of the grangers, the Vanderbilts. and the
rest of the active list were made after 2 o'clock
The street was unusually free of rumor having
garded as the combined effect of the natural
reaction following last week s advance, and the
efforts of the bears" to make the most of the
rumors that the railroad war is not ended. The
trading in Erie seconds, consolidated, to-day, was
1893 000 leaving about average business for the
remainder OF the list. The closing prices this
evening are irregular, the most noticeable
changes being a decline of II in the c., B. e. O
iowa divisionl tours, at 94S; Ii in the st. Paul
first Lacrosse division), at l00 Il in Lake
Shore division bonds. at ILL., II in Louisville &
Nashville, IL. FL. 81 Nashville frsts, at 1885, in
New York q New England firsts, at 1I74; in
Central Pacific gold bonds Mt l04, and ] the
California 81 Oregon (series 81 skies, at 101
in Toledo, Peoria & Western irsts
Mt 72a; New York, Susquehanna s. West
ern frsts, coupon off, at 60a. Erie
second consols opened this morning at so
and during the forenoon sold down to AS, with
sales of $89000 The transactions in the after
only little over 100000 and the
price was about steady, closing with slight
rally, however. at 49-a net decline of per cent.
Columbus, Hooking Valley & Toledo trsts are
down l. at 70: Chicago, st. Louis & New Or
leans seconds, fves, !, at 110a; Indianapolis,
Decatur e Springfield irsts l, at Sc; Interna-
tional & Great Northern firsts /. at 100: Metro
pcsitan Elevated seconds /, at 100; Milwaukee,
Lake Shore 81 Western firsts l, at l00 Nickel
plate frsts Is. at T05; West Shore frsts !, at
30R Midland of New Jersey firsts l. at a. and
Union Pacific frsts J. at 1l5s.
The market closed with the following prices