The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-22
MARKETS A LITTLE FIRMER.
Stociss Still Inactive, but Held with
Remarkable Steadiness.
Greater Activity and Firmer Feeling in
Wheat-Corn Higher-Proyisions
Firm but Quiet.


Honey Still Easy-Stocks Quiet put Firmly
Held.
New YORK, May 2L-Money on call easier
ut per cent
Prime mercantile paper, 405 per cent.
Foreign exchange dull at 81. S63 for sixty days,
and 81 So for short sight.
The sales of stock to-day aggregated 122, 800
shares, including Delaware, Lackawanna &
Western, 81, 925; Lake Shore, 5000; Northwest
srn, 400; New York Central, 6,275; Pacific
Nail, II, 275; ST. Paul, 20. 400; Union Pacific "a,
loo
Government bonds are quiet at unchanged
quotations, except decline of in the threes.
There were sales of the threes at 1881, and the
registered fours at 121s and re fours coupon
atI22
State bonds were weak, with decline of to
3 per cent in the quotations for some of the
Alabama and Michigan issues. There we're sales
Of Louisiana consois at 75a, and exclusive of the
matured coupons at 642
The sales at the stock exchange to-day foot up
about the same as yesterday, the transactiors
to-day amounting to 122, 900 shares, but of this
20 per cent was done in the first hour, and
from that time until the close the dullness was
as great as has been seen any time for many
months. There was absolutely no feature TO the
the inactivity. The extreme fluctuations in the
nctiye list In no case exceed J. except Union
Pacific, which was traded in within a range of
!. and Pacific Mail, which fuctuated / per cent
The closing prices this evening are a small frac-
lion higher than yesterday, almost without ex-
ception, the gains ranging from to per cent
There was decided strength in the early deal
Ings in both Pacific Mail and Union Pacific,
due to the general belief that the differences
between the Pacific Mail and the Pacific rail-
roads had practically been settled
Respecting the Oregon Railway e. Navigation
lease to the Northern and Union Pacific, it is
stated late this afternoon that progress has been
made, but no conclusion has yet been reached.
There was meeting at the Northern Pacific
Office this afternoon in regard to the, matter.
The general impression in this case is, also, that
statement will be made satisfactory to all par
ties interested.
The bull party in the market continue very
confident, claiming that the extreme ease Of the
money market must lead to increased pur-
ehases for investment They also insist
that the short interest is growing
large. especially in Union Pacific,
In which they claim the short interest amounts
10 100, 600 shares. 1t is said the PENNSYLVANIA
Lackawanna and the West Shore. roads have all
nss-reed to !. --ssstoration of rates between New
York and Chicago and that q FORMAL demand
viii be made upon the New York Central to do
the same. If this is refused, it is alleged that
movement will be made before the Attorney
general to remove the directors for maladmin-
istration.
Crop reports have been received to-day from
Mr.. Hoxie, of the Southwestern system, showing
that the business of that system during the cur
rent year, promises to be very much heavier
than it was in 1884, especially in Texas, where
the increase averages 80 per cent.
The total transactions In railroad bonds to-
day has been very large amounting to So, OIL, 500,
but more than one half this bbussssness was con
fined to dealings in Erie seconds, new, alone, the
sales of which were 81, 500, 500. There was also
considerable bidding done in Missouri Pacific
hrsts consos. and some of the Missouri, Kansas
& Texas issues, and during the afternoon in
Nickel plate frsts, which became very weak,
selling down to II and closing with net loss of
a, at III Erie seconds were at one time as low
as 49,, but were buled in the afternoon and
closed with loss of !, at 49,.
The market closed with the following prices
bid: