The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-22
UNSETTLED AND NERVOUS.
Wheat Experiences Considerable Fluc-
tuatiOn Within a Narrow Range.
Corn Defes Generally-Accepted Rules, and Is
Strong in the Face of Weak Wheat
Market and Increased Receipts.
MONEY AND STOCKS.

Unusually Large Amount of Business in Rail-
road Bonds-Stocks Active.
NEW YORK, July 21.-Money on call was easy
at per cent.
Prime mercantile paper, 4a5 per cent.
Foreign exchange quiet at $4.S44 for sixty
days AMI $4. Sc. for demand.
The total stock sales to-day were $50, 1870
shares, including Delaware, Lackawanna &
Western, 20, SIG; Erie 5,120: Kansas & Texas
o270 Lake Shore, Sc 0S3 Louisville e. Nash
vile, 5000; Missouri Pacific, 400; Northwest
ern, 1882; New Jersey Central, $500; New
York Central, 20, 612; Pacific Mail, 4, 495; ST. Paul.
29940 Texas & Pacific, 900; Union Pacific,
I06 no. Western Union, 8, l95; Northern Pacific,
preferred, 7,4G9; Oregon Transcontinental, II,
125.
State bonds have been very dull and quota
tons steady
Government bonda are dull and quotations are
firm.
There has been a decided active and strong
maket for railroad bonds, including the specula-
tive issues, the sales of West Shore amounting
to $6I9 900; of Erie seconds consol to 80 1872 900,
and of other securities of this class to 1875 o00
making total of 81, 626 600, which is the largest
business of any day during the current year.
There were transactions exceeding ST., 900, 600 in
West Shore firsts between IL and o'clock The
price opened in the morning at 39a, fell
quickly to 39s and rallied in the forenoon to 400,
sold up to 42s, and closed at Az, an advance of
per cent Erie second consols from 58a to
594 in the forenoon, and before o'clock to 81,
but in the last hour declined to 59s, and closed
with a net advance of Il. The rest of the bust
ness was we'll distributed, and prices are gener-
ally higher, but the gains IN many cases are only
for small amounts
The stock market was more than usually reg
ular this forenoon, but at the same time was
very active During the forenoon there was a
decided upward movement In the general list,
followed later by moderate reaction and then
another rally, which carried prices about p. NJ g,
IN a majority of cases, to the highest quotations
of the day. In the last hour there was decline
of 1 to per cent which was checked just be-
fore p NJ, the market closing steady at fraction
al gains over the final fluctuations of yesterday.
While this is fair description of the general
market, there notable exceptions to the
rule. Lake Shore was particularly strong in the
forenoon, selling up from 81 to go in the space
of one hour, back to 6Sk and up to 694 before 2
o'clock In the last hour it fell to 672 and closed
at that price, a net gain of / per cent, with
fluctuations of p per cent. New York Central
is up !, after fluctuations of 2 per cent. Rumors
were freely circulated today that the Colo
was strike on the Union Pacific railway, the
result of which decided weakness on that
stock, which opened at ST. and sold down 2 per
cent, closing on rally of per cent. and with
net loss of II at 90 This is the only active
stock on the list which shows a decline. 1t is
semi officially stated that there is no truth in
the rumor. The publication had the effect of
causing certain amount or uneasiness and a
decline on the whole list. The grangers
were decidedly stronger until later
in the day, Northwestern advancing Il and ST.
Paul q, but portion of this gain was lost in
the last hour, the former closing with adj
vance of !. The latter is the only active stock
on the list that shows net advance of more
than per cent Omaha. preferred, however,
is up q and Canada Southern H. On the other
hand Missouri Pacific is 8 lower, all light
dealings The total sales were sos, 100 shares
of which Union Pacific contributed LOG ITO
shares, St Paul 49, 900 shares and Lake Shore
5000 shares
The market closed with the following prices
bid: