The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-02
PRICES FOR GRAINS.
The Markets Very Active, Accompanied
by Marked Depression in Values,
Caused by q Growing Feeling that the Anglo
Russian Dispute Will Be Solved in a
Peaceful Manner-Provisi0ns Weak.
MONEY AND o c
The New York Market Continues Dull, but
Prices Are Very Strong.

The New York Market Continues Dull, but
Prices Are Very Strong.
NEW YORK, May Money on call con-
tinues easy at 101s per cent, closing at II per
cent.
Prime mercantile paper, 4a5 per cent.
Bar silver, 81 Ss.
Foreign exchange is very dull; actual bust
ness is done at 81. sc and $4.S3.
The sales of stocks to-day aggregated 147, 085
shares, including the following: Delaware,
L~aekawanna g Western, II, 700; Missouri. Kan
sas & Texas, G, 900; Lake Shore, 9, 700; North
western, II, 100; Pacific Mail, $500; St. Paul,
1920: Union Pacific IA, 200; Western Union IA,
500; Northern Pacific preferred, 5,400.
Government bonds have been quiet and strong
for the threes, which show a gain of in the price
bid, while the fours are ] lower. There was a
sale of the registered tours at 1913.
State bonds have been dull.
The railway bond market has been more active
to-day, the total sales being 81, 22O, 600, an in
crease over yesterday of 1888, 500. Prices were
heavy in the forenoon, but rallied il many cases
later in the day, and the closing quotations are
Irregular. The most active bonds were Erie
seconds, West Shore frsts, Metropolitan Ele-
waited seconds, Northern Pacific and East Ten
nessee, Virginia& Georgia issues. Chesapeake 81
Ohio SKIES, series A, declined ! per cent, to 965;
series b were not traded in, but the payment of
the interest due to-day is making good progress;
about $4,000 were thus paid out to-day in cash.
There was a continuation today of the dull
ness which has been such a prominent feature
or the stock market for some time past,
the total sales being 147,0 85 shares,
shares. Over SO per cent. of to-dayis
business was doEa in St. Paul, Western Union,
L~ackawanna, Union Pacific and Northwestern
TIL market was steady at the opening and con-
tinued strong throughout the day until late in
the afternoon, when a combined attack was
made upon the whole list, which resulted in de-
pressing prices for fractional amounts. The
final prices were within or of the lowest
quotations of the day. The total sales in the
last hour alone were 40, 200 shares, or q per
cent. of the days business. Prominent com
mission houses identified with the 'bulT party
say that orders to buy on every decline are in
creasjng, and there is other evidence that the
street is becoming somewhat more sbullish" in
sentiment There was not an active stock on
the list whose extreme fluctuations exceeded
/ per cent. Western Union is an exception to the
general list, and shows a net gain of per cent.
while Missouri Pacific is down !, and Union
Pacific ! per cent. A careful analysis of Presi-
dent Adams's report shows that the Union Pa
elfic railway own the enormous sum of $50, 104.
$40 of bonds and land notes OF their own road.
and bonds and stocks of branch or tributary
lines. This is the largest amount of similar
assets held by any railroad corporation in the
United States, and the company derives a large
revenue from the same. The following is a re-
equalization of the securities referred to:
Bonds of their own roads ........-- 49, 67, 487
Bonds of branch and tributary roads,. 80, 997, 230
Land notes and land cash ---.---..-. 49, 54, 2O2
Stocks CT other railroad companies..-- 80, 9S5 o91
Total 600, 1o4, 90
st. Paul is also 3 per cent. higher. Omaha
preferred is : lower, Oregon Navigation is down
IL, and Michigan Central closed at a loss of l per
cent. There were a few sales of Cleveland.
Columbus, Cincinnati, & Indianapolis at 245 a