The Indianapolis journal., 1885-09-01
VERY DULL DAY ON CHANGE
An Unusual Dearth of Rumors Confines
Fluctuations to Narrow Limits.
Wheat Opens Trifle Lower, but Finally
Closes at About the Figures of Satur-
day-Provisions Qaiet and Easier.
MONEY, BONDS AND STOCKS.
Dizziness In the Railway Bond Market-stocks
Steady and Strong.

Dizziness in the Railway Bond Market-stocks
Steady and Strong.
New YORK, Aug. 31.-Money on call was
;8asy at per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull at 81 s3a for sixty
days, and S. IS for demand
The total sales of stocks to- day were 256, $50
shares, including the following: Delaware.
Lackawanna & Western. $4,000; Kansas &
Texas, 4,910: Lake Shore, 29,770; Louisville
8 Nashville. q, AGO; Memphis 6 Charleston,
$500; Northwestern, 2S, 572; New York Central,
13,20O st. Paul, 29.620; St. Paul & Omaha,
1228O; Texas Pacific. 4,225; Union Pacific.
I5715 Northern Pacific preferred, 10, 700; Oregon
& Transcontinental, 3,085.
Government bonds are dull and steady.
State bonds are very dull and steady.
Railroad bonds were quite dull to-day,
although the total sales foot up 81, ,943 900. Of
this amount Erie second consos contributed
81, 497 000 At the Office of the Erie Railroad
Company it was stated that the interest due
tomorrow, amounting to $87S 4S9 will be paid
The mortgage of the Nickel-plate firsts provides
that ninety days after default in interest the
trustee may declare the principal due, providing
majority of tho bondholders make formal re-
quest to that effect The ninety days expire
tomorrow, but the request to the trustee has
not been made by the bondholders' committee,
nor by anyone else When a majority has been
secured by the committee, it is expected that the
request will be presented
At the opening of the Stock Exchange the
market was excited, feverish and weak, and
during the early dealings there were fractional
declines in many eases. but it gradually steadied
and became strong before midday, the whole
hst, with two or three exceptions, steadily ad
vancing from to II per cent by 1890 o'clock.
The activity then subsidized to considerable ex-
tent Prices were at first steady, and later
weak, but the decline was checked early in the
last hour, and another upward movement estab-
hshed. which carried quotations back
IN some cases, and in others above
was decidedly dull in the last hour.
but closed strong, and generally little below
the best prices of the day, although the
grangers, Lackawanna, Northern Pacific, Cen
tral Pacific and Oregon g. Transcontinental
reached their highest quotations in the final
transactions The changes this evening, as
compared with the closing prices on Saturday,
are about equally divided between advances and
declines, but, with few EXCEPTIONS only for
fractional amounts. Lackawanna is up l.
Omaha preferred J. Northwestern /. and ST.
Paul unchanged. Among the declines North
western preferred and Omaha common are down
3 Louisville & Nashville and others smaller
fractions. The afternoon upward movement
was made in the face of rumors and kilograms
received from Chicago and circulated on the
board. stating that the freight war in the West
was being waged apparently without regard to
consequences, shipments being made as low as
Sc from Chicago to New York. 1t is alleged that
the reduction of the Northwestern dividend was
madefor the purpose of avoiding litigation, which
was threatened If the company paid as much
ss per cent. when business was so peor as it
has been for some time past. The sales were
$4,000 shares greater than on Saturday. The
result of the months operations. which closes
this evening, is an advance for nearly the whole
active list, but with few exceptions the gains are
for less than 2 per cent. Union Pacific is up %
per cent; Jersey Central, 81; Omaha common.
81, and preferred, 81; St. Paul is down Il;
Michigan Central and Lackawanna, J. and the
unchanged The sales for the month were g.
S54 900 shares
The market closed with the following prices
hid.