The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-19
HIGHER PRICES FOR WHEAT.
The Market, After Considerable Fluctu-
alton Closes at the Highest Figures.
Sorn Ruled Easier, but Borrowed Strength
from the Wheat NEUTRALITY-SUSPICIOUS.
Steady ard NOminally Unchanged.
MONEY AND STOCKS.

Money Continues Easy-Unusually Large
Transactions on the Stock Exchange.
NEW YORK, July lS.-Money on call easy
at per cent.
Prime mercantile paper, 4uo PER cent
Foreign exchange dull and unchanged.
The total stock sales to-day were 44S,65l
shares, including Central Pacific, 1910; Della
ware, Lackawanna & Western, 1890; Erie,
I7,435: Kansas & Texas, "a, Cos; Lake Shore,
1920; Louisville & Nashville 16, 800; Missouri
Pacific, q Cos; Northwestern, %, 815; New York
Central %, Ais: Northern Pacific, 6642; Pacific
Mail, g. LIS; st. Paul common, $3.50; Texas Pa
cifc, 10, 160; Union Pacific, $4,000; Western
Union, 80. 1885, Northern Pacific, preferred, TO-,
537 Oregon Transcontinental, 19,045.
Government bonds are quiet and firm.
State bonds have been very quiet and quota
tions about steady There was again large trad
ing in Erie second consols, to-day, accompanied
by a further decided advance in price. The
bonds were very active IN the forenoon, during
which they rose from 57s to 500. In the after
noon, they touched GO and closed on a
reaction at 599 net advance Of i
per cent. The bonds have not sold
at that price before, this year. The transactions
aggregated 81, sl6 600. West Shore firsts were
less active, the sales being only $28 900, and at
the close the bonds are lower. The
trading in the rest of the list $878, 600, and
prices are generally higher. The sales for the
week were $40 600, 600, which is the largest bust
ness done during any week for the current year.
The advance in stocks to day was irregular,
the highest price being realized generally in the
forenoon. The market was, however, strong at
the opening, and with only moderate reactions
was strong all day. The important declines &C.
Cured between l and 2 O'clock, when, in
one or two cases prices yielded
as much as per cent The market closed, in a
few cases, at the highest prices reached. The
net gains, as compared with last evening, are
"a per cent. for st. Paul q for Lake Shore, =
for Western Union and Michigan Central IL for
Union Pacific and Canadian Pacific, and frac-
tional amounts for the rest of the list
The sales for the day aggregated 448 700
shares With the exception of st. Paul,
the transaction in which amounted to So 600
shares the business we'll distributed. Union
Pacific scored 80, 600 shares, and Lake Shore 49,
300 One of the reports circulated to-day to ac-
count for the recent advance in prices was
to the effect that Jay Gould, Pierre
pont, Morgan and some others had gathered
400 000 shares of stock prior to the advance
and had gone to Mr. Vanderbilt and offered him
any part of the amount they had collected The
result of the weeks operations is a net advance
I'm Lake Shore of 81; st. Paul. 81; Lackawanna
81; New York Central and Northwestern, each
So; Michigan Central, A. Louisville &
Nashville %, Missouri. Kansas & Texas, %:
Oregon Transcontlnental and Union Pacific
each %; Canada Southern, g. and others less
than 2 per cent. The total sales were the
largest of any week during the current year
2,3l5, 716 shares-of which St Paul, Lake Shore,
New York Central and Lackawanna contributed
l227, 200 shares, leaving little over 1000, 600
shares to be divided among the other stocks
traded in.
The weekly bank statement to-day shows the
following changes
Loans, increase. .-....-...........-.$1 OBS 900
Specie increase. Observation-Disclosures. 131. 100