The Indianapolis journal., 1885-06-22
FAIRLY ACTIVE MARKETS.
Speculation Not Very Active, Though
the Volume of Business Is Fair.
Operators About Evenly Divided as to the
Future of the Wheat Market-Pro-
visions Dull and Easy.
MONEY AND STOCKS.


Market Active and Strong.
New YORK, June 2o.-Money on call was
easy at per cent.
Prime mercantile paper, 405 per cent
Foreign exchange was dull and steady at
o. s54 for sixty days, and a. Sc. for demand.
The total stock sales to-day were 206, 9i3
shares, Including the following: Delaware,
Lackawanna e. Western, 26, 700; Lake Shore.
16,205; Louisville & Nashville, 6,400; Northwest
ern, 10540; New Jersey Central, $780, New
York Central, IL, 253; Pacific Mail, 1885, St.
Paul. AZ, $50; Union Pacific, 10, 100; Western
Union, q, 0l0; Northern Pacific preferred, 3,300
Government bonds are quiet and strong at an
advance of for everything except the fours,
which are unchanged.
State bonas have been quiet and strong.
Railroad bonds continue very active, and
prices generally strong. The total sales were a
little larger than those of yesterday, amounting
TO $3, 300, 000 the increase being due to larger
IN which aggregated 81, 49,, 600. Tbs sales
OF West Shore firsts were 1894,
O00 Prices are generally higher.
and there was very decided gain, accompanied
by the activity in the second consols. which
closed at 524, net gain of q per cent West
Shore firsts closed at an advance of per cent
Iowa Midland frsts are up %; Houston 81 Texas
Central firsts, western division, coupon off 2;
New Orleans Pacific frsts coupon off. II; Wa
bash, Chicago division fves 4; ST. Louis,
Kansas City & Northern real estate sevens
2. A few of the issues traded in
are lower. The business in this class
of securities during the current week has been
the largest of any for the year. The total sales
were $l4, SIT SOC, an increase over last week.
which was about an average week.
The stock market has been active and steady
nearly all day. Prices at the opening were in
many cases. shade better than the closing
quotations last evening, and in the early deal
ings there was very decided advance made
by the Vanderbilts, Lackawanna and st. Paul,
accompanied by heavy transactions. After the
frst hour the market was less active, but a con-
siderable amount of business continued to he
done throughout the day, and prices advanced
until nearly o'clock, when there was halt,
followed by somewhat lower quotations for the
more active stocks Lackawanna, Northwestern
and Pacific Mail were exceptions, selling lower
than at the opening, and they did not fully re-
cover the losses before the close, but in the last
hour the general list rose to about the
the exceptions indicated, and of
Lake Shore. which was heavy most of the after
noon. The total business of the day was larger,
with one exception Qast Monday, than any other
day since May %.
The street is growing day by day more fully
10 believe that some of the leading operators
who have been ON the ''bear" side of the market
for a long time past, including the Cammack-
Woerishoffer combination. are now act
lively buying Stocks and it is claimed
that after they secure their line
of stocks it is reasonable to believe that there
will be much better chance to settle the differ
ences between West Shore and New York Cen
trail, which would, in turn, lead to a further
buying movement, as the railroad fight is the
most serious obstacle to a general 'bulP cam
paign. Leading brokers say that the pro
gramme seems to be to advance the dividend pay
ing securities first and the priced securities
later. The closing prices this evening are gen.
orally from to Il higher than they closed yes
terday, the greatest gain among the active stocks
beng made by New York Central and New Jer-
sey Central. There were many orders in the
market this morning to buy the Vanderbilt
stocks. Western Union, Missouri Pacific
and Manhattan consolidated sold this
afternoon ex. divided. Among the less
active shares the feature of the
day was the advance in Manitoba, which made a
net gain of Al per cent. There was no we'll
defined reason known for this advance although
it was said to be due. in a great measure, to an
attempt to cover short contracts. Omaha pre-
ferred is also up II. There was IN
creased activity in Canadian. Pacific. on
ngn would thas buy fhs oo worh M
land, which would be sufficient to enable the
company to complete the road. The stock this
evening shows gain of !.
Comparing prices this evening with those week
ago. nearly every thing on the list is higher; Union
Pacific and Kansas 81 Texas for small fractions,
New York Central is up 4B, Central of New
Jersey and Michigan Central, each 4, Lake
Shore 3s, ST. Paul 80. Rock Island g. West
ern Union q, and others for smaller amounts.
The total sales for the week have been !. 108 239
shares, which is the largest weeks business
since the latter part OF last month.
The market closed with the following prices
bid