The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-24
UNUSUALLY DULL MARKETS.
Trading in Wheat Opens with a Brief
Season of Feverish Activity,
Which Is Speedily Followed by an Almost
Total Suspension of Business-PrOvisions
Slow but Slightly Higher.
MONEY AND STOCKS.

Railway Bonds Dull and Barely Steady
Stocks Steady on Slight Changes.
New YORK, June 23-Money on call was
easy at l per cent.
Prime mercantile paper, 405 per cent
FaFeign exchange was duh at $4S5 for
sixty days, and 81. Sc for demand.
The total of the stock sales to-day was III, 743,
including the following: Delaware, Lackawanna
& Western, is, 1852; Lake Shore, l3,460;. Louis
vile & Nashville $780, Northwestern, 4,945;
New Jersey Central, 2, $40; New York Central,
I4,210; St Paul. 3O,O55; Union Pacific, $500.
Government bonds have been quiet and quota
lions are higher for the threes and lower for
Che fours; others unchanged.
State bonds have been quiet and quotations
steady.
With the exception of the trading in the spec
ulatiye bonds which have attracted so much at
tention of ate-Erie second consols and West
Shore frsts-the bond market to-day has been
dull and prices barely steady final quotations this
evening, in many cases. being ashade lower than
the last previous sales. The changes. up and
down, are mostly fractional. The total trans
actions for the day were 81 $751; 000 West Shore
contributing 81, 444 000 and Erie seconds $643
divided among the other issues traded in. There
was very heavy business in the two speculative
issues referred to during the forenoon.
1t is generally conceded to-day that
the recent movement in Vanderbilts and the
West Shore first mortgage bonds by which
they were advanced materially and much more
rapidly than the rest of the list, was nothing
more than the direct result of manipulation, and
the most confident believers in speedy and per-
manent advance claim they took no part in the
al ms rkatf0 hes
are not sufferers by yesterdays decline.
The stock market opened this morning steady,
and after yielding small fractions in some cases
1t rallied to per cent, reaching the highest
prices of the day in the first hour This was
followed by reaction, during which the low est
quotations of the day were made, all
of which occurred, however, during the fore
noon, and yet the extreme fluctuations
With two or three exceptions, were within
a range of less than per cent Before midday
the market settled down into dull and quiet
mood, with prices at neither the lowest nor the
highest of the morning, and it continued steady
at very slight fluctuations throughout the whole
OF the afternoon; the market closed with very
slight changes from the midday quotations, and
steady at ruling figures. Comparing prices this
evening with the closing quotations last evening,
socalled Gould stocks were the strongest On the
list, showing advances, however, of only to per
cent Louisville g. Nashville was an exception,
that stock being strong all day 1t opened at 81
sold up to 354, and closed within of that price,
making net gain of l per cent. Nashville,
Chattanooga & st. Louis is also up per cent at
80, after selling between 374 and 40. These are
the only stocks which sold higher to-day than
the highest quotations of yesterday. Lake Shore
closed with loss of 3, while New York Central
was unchanged. The Vanderbilts and the
grangers were heavy. st. Paul is also down 3,
and Northwestern !; Northern Pacific preferred
shows loss of I. The total sales were only
TAI. 700 shares. the largest trading being in ST.
Paul and l.. & N. In no other stock did the
sales amount to as much as IL, 900 shares.
The market closed with the following prices
bid: