The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-27
DULL MARKETS ALL AROUND.
The Bulls and Bears in Wheat Come to
a Practical Deadlock,
And Find 1t Impossible to Put the Price
Either Up or DOwn--COrn Sympathizes
with Wheat-Proyisions Easy.
MONEY AND STOCKS.
a Further Decided Weakness Developed IL
the Stock Market

a Further Decided Weakness Developed in
the Stock Market
New YORK, July 25-Money on call was cas-
ier at II per cent.
Prime mercantile paper 4@5 per cent.
Foreign exchange quiet but firm at .853 for
sixty days, and s. S6I for demand.
The total stock sales to-day were 351 SOL
shares including Delaware Lackawanna
& Western, 19,C60 Kansas & Texas, 1885,;
Lake Shore, 80, lis; Louisville & Nashville, 49,
$50 Missouri Pacific. 5 500; Northwestern, H.
$780, New Jersey Central, 1900; New York Cen
trial. 7,G20; Pacific Mail, TO- ESQ; St Paul, 65 725;
Union Pacific, Sc 760 Western Union, 49, 450;
Oregon Transcontinental, 1910.
Government bonds were quiet and strong.
State bonds have been dull and firm.
The railway bonds market has been unusually
dull to day, the total sales being only 81, 760 500,
of which West Shore contributed $606, 900, and
Erie seconds, consols $55S, eco, leaving only
$6l6, 900 for other issues. In sympathy with the
stock market, prices generally have been weak
There was further decided weakness de
veloped in the stock market to-day. especially in
the forenoon. The break was led by Union
midday, with large trading. The declines in the
rest of the list were for smaller amounts, but
the whole market was weak and irregular
The break was accompanied by active
dealings, the sales for the forenoon
amounting to 100000 shares After midday
the market became quiet, and in many eases
there We're fractional recOveries, followed later
by renewed weakness, especially in the CHANGERS
and the Vanderbilts, which wasfchecked how
10 knfo 0ofn to1oo
dull and irregular, but in nearly all cases little
above the lowest figures of the
day, Some idea of the irregulaIty of
market may be obtained by the
cifc, Pacific Mail, New York Central and Lacka-
wanna We're reached in the forenoon while
Western Union, Missouri Pacific and Louis
vile Nashville did not touch their
midday and Northwestern St. Paul
Lake Shore and Jersey Central shortly before
the close of the board. By 2 o'clock Union Pa
cifc had recovered nearly per cent, but in the
last hour it developed renewed weakness. selling
down within per cent. of the lowest quotation
OF the forenoon. 1t rallied with others, just at
closing, making the net loss for the day q per
cent, with transactions aggregating 95 789
shares, or over q per cent of the total days
business. Conservative operators who have
been bulls for the past three four months do
not hesitate to say that the market should have
reaction of as much as 10 per cent before it is
safe purchase AGAIN. They are predicting
40 for Union Pacific, 70 for ST. Paul, 80 for
Lake Shore, IS for New York Central,
and GO for Western Union. So far as the street
is concerned, the condition has entirely changed,
and the feeling is bearish one The net re-
suits of to-days operation is a decline of II in
Western Union ana ST. Paul and ! in Reading.
II in Lake Shore, Michigan Central and Jersey
Central. and per cent. in Northwestern and
Louisville & Nashville. New York Central
is down only J, and Lackawanna :, while Chi
cago, Burlington e Quincy is up per cent,
the only important advance. There again
the same effort to break Reading by selling it in
twenty share lots. The most important changes
since week ago are declines of Il in Union
Pacific in Missouri Pacific, q in Pacific
Mail, II in Lake Shore, Il in Western
Union and l in Lackawanna, while
Jersey Central is up 80; Manitoba
80; Michigan Central %, aud Omaha preferred
q. The sales for the week were 237 l. Asa shares
the largest on record for many months, exceed
ing by a few thousand shares. the business of
last week Of this weeks business seven stocks
Union Pacific, St Paul, Lake Shore Lacka-
wanna, Western Union, Northwestern and New
York Central-contrbuted 1000 900 shares
The market closed with the following prices
bid:
Three per cent. bonds 1881 Lake Shore. CTS
.kn1 G4Akn 4 4. ! H, H.