The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-18
NERVOUS AND UNSETTLED.
An Active Day on Change, with Con-
siderable Fluctuations in Prices.
Wheat Closes Higher on the Regular Board,
aud Makes Further Advance on the
Curb After Regular Hours.
MONEY AND STOCKS.

Not Much Doing in Any Glass of Bonds
Stocks Dull and Heavy.
New YORK, July 11-Money on call easy
at per cent.
Prime mercantile paper 4 as per cent.
Foreign exchange dull and unchanged.
The total stock sales to-day were 271, Sol
shares, including Delaware, Lackawanna G
Western, Is, $50; Delaware & Hudson, 1902;
Erie, 4.140; Lake Shore, AZ, $50; Louisville &
Nashville 11,020; Kansas & Texas, % O80;
Northwestern u 963; New York Central, 19, 1873;
Pacific Mail, 1916; St. Paul, 2015 Texas Pa
cific, $500; Union Pacific, 1857; Northern Pa
cifc, preferred, 1882 Oregon Transcontnental
$4,000
Government bonds are dull and firm.
State bonds are quiet and steady.
The total business done in railway bonds to-
day is much less than the average for some time
past, amounting to only 81. 100, 000 but the fall
ing off is due more to less activity in two or
three of the speculative issues than to trading
in the general list The sales of Erie second
eonsols were $517 OOo of West Shore frsts
1870, 000 and of the remainder of the list 1872
GOO. Except few of the speculative issues, the
trading from day to day is limited, and dealings
for small amounts in various issues, and for a
long time past these investment bonds have
been steadily advancing in price
The stock market was dull and heavy at the
opening this morning, the first prices generally
showing declines of small fractions followed
IN the early dealings, in some cases. by further
declines, especially Pacific Mail, which fell off
per cent, but the other losses We're generally for
small fractions. There was considerable selling
again reported for European account early in
the day, but there also good buying
In small lots, which resulted in
an early checking of the decline, and
later in steady upward movement, that con
tlnued, with only slight reactions throughout
the afternoon. Comparing the closing prices
thisSevenng with those of yesterday the whole
list shows advance which in some cases amount
to more than per cent St. Paul at one time
showed an advance of !, and NJ, K. & T. of :.
Lake Shore was the only important exception to
the general decline yesterday, showing net
advance of Il per cent. and it was
the strongest stock on the active list
again to-day, gaining Il. New York Central
gained only &c. Northwestern is up l. and ST.
Paul II. Missouri, Kansas 81 Texas closed at
the highest price of the day, with an advance of
I, and other gains are generally for fractional
amounts, except among some of the stocks in
which trading is limited to a few hundred shares
from day to day. There was unusual activity
IN some of the latter stocks. accompanied by a
decided advance In quotations, the most promi-
nent being Omaha preferred which closed at
an advance of 81 per cent. The common is also
up II per cent Following the announcement of
dividend for St. Louis & San Francisco first
preferred, the different series of stock OF that
company became unuscC,a1ly active, the pre-
ferred closing with advace OF a anu tne nrst
preferred per cent. Oregon Tran 'nt'n aEa
gained Il and Oregon Navigation Il 3anada
Southern Il, and Missouri Pacific common -,
and the preferred i. 1t is stated from |
what is considered a reliable source that |
Oregon Navigation net earnings for June show
an increase this year, as compared with the |
arna mt Of nfn iIo
the gross earnings for July also promise an !
increase. The total transactions were only |
271 600 shares.
A dividend of 81 per cent was declared to day
by the St Louis and Sam Francisco Railroad |
Company, on the first preferred stock payable
Aug 10. The books close July %
The market closed with the Following prices
bid: