The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-18
FIRM AT MEDIUM FIGURES.
Speculation Continues Strong, Despite
the Peaceful Tone of Cable News.
ARush to Sell Early in the Day Causes De-
cline, Which Is Followed by Slight Ad-
vance-Activity in Provisions.
MONEY AND STOCKS.

me New York Market Opens Irregular, but
Closes Steady.
NEW YORK. April 17.-Money on call con-
Gnues easy at 103a per cent, closing at 1302
per cent
Prime mercantile paper 4a5 per cent
Bar silver, $L0
Foreign exchange was more active and strong,
rates for actual business advancing &C. to 81 85s
and $4S7a.
The sales Of stocks to-day aggregated 246, 861
shares, including the following. Delaware,
Lackawana & Western, $4,000; Lake Shore, 90,
300; Northwestern, 20,8o0; New York Central,
$500; Pacific Mail 81, 600; st. Paul. 80 OoO Union
Pacific, 60, 900; Western Union, 6,000.
Government bonds are steady at unchanged
quotations, except further advance in the
threes, to 1919 bid.
State bonds have been quiet and quotations,
In some cases, are shade lower.
The railway bond market has been somewhat
more active, the business being we'll distributed.
with total sales Of 81, 013 l05 Prices are irregu-
lar this evening, but in many cases higher. The
peaceful tenor of the early cables and the ad-
vance in British console led to depression of
prices on the Stock Exchange this morning, the
Srst sales being at decline of I to 5 per
sslat, and in the early dealings still
tower prices were made for most of the active
list bat the decline was quickly checked and
there was a fractional reaction before the close
Of the first half hour. The market then became
less active, without the development of any
special feature and so continued during the
greater part of the day, with slight yielding in
quotations. In the afternoon Lackawanna de-
veloped decided weakness, and the rest of the
IsuA 1x..N H. 1..%
was renewed strength all along the line, and the
market closed steady at the advance, which leaves
quotations this evening generally about midway
between the highest and lowest prices of the
day. There were not many stocks in which the
extreme fluctuations reached / per cent, and only
four show decline of as much as per cent.
AS compared with last evening all the active
lis. Is lower, however. The total sales were 242,
761 shares, an increase over yesterday of $4,000
shares; but of today's business, "a per cent con-
sisted of transactions in Union Pacific, which
opened at 49,. This stock sold early at 46s. and
then declined until about midday, when
it reached 45s rallied to 46t, again declined to 45s,
and in the last hour sold at 46s, the closing quo
+ation, a loss of per cent. The executive COM
1nittee Of the Union Pacific company met to-day
and approved the plan recently proposed for the
settlement of the difficulties between the Pacific
Mail Steamship Company and the Pacific rail
roads, at the of1ics of the Central Pacific compa-
ny, in this city. It is also learned that a COM
munication has been received from President
Adams, of the Union Pacific, in regard to the
proposed plan Of settlement, and that the matter
has been referred to the traffic managers of the
different roads for consideration and report
There were six stocks on the list-Union Pacific,
Lackawanna St. Paul, Pacific Mail, North
western and Lake Shore-which, in the order
named, contributed so per cent of the total
days business, the transactions in the different
stocks ranging from GO, 160 to 90 $40 shares. The
trading in no other stock on the list amounted
to more than $500 shares. Northwestern is this
evening per cent. lower than it closed yes
terday, and ST Paul is down only !. Pacific
Mail shows decline of I; Western Union, 3.
Lake Erie and Western fell from III to 81, and
closed at g. on reports that the company was in
trouble and that there was probability that
the interest the Lafayette, Bloomington &
Muncie firsts would not be paid.
The market closed with the following prices
bid: