The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-20
ACTIVE TRADING IN WHEAT.
Early Dealings Marked by a Strong
Tone, but Prices Decline Later,
And Finally Close One Cent Lower than on
Tuesday-The Provisions Market Re-
ported Active but Very Weak.
MONEY, BONDS AND STOCKS.

q Good Business in Railway Bonds-Stocks
Higher on Small Transactions.
NEW YORK, Aug 19-Money on call was easy
at II per cent
Prime mercantile paper, 4a5 per cent.
Foreign exchange was quiet at $4o44 tor
sixty days, and S. S5a for demand
The total stock sales to-day were $50, 1877
shares. including the following: Delaware,
Lackawanna & Western, $3.50; Erie, 4025
Kansas & Texas, $50; Lake Shore 33,6l0;
Louisville & Nashville, 1856 Northwestern,
1870 New Jersey Central, $3.50; New York
Central II, $50; Pacific Mail, 1850; St. Paul,
Is, 270; St Paul & Omaha, 10, 720; Union Pa
eifc, 1000; Western Union, 20, 835; Northern
Pacific preferred, 10, 265; Oregon & Transconti-
rental, 1858
Government bonds have been dull with q
tendency to weakness in threes and four-and-a'
halfs
State bonds have been little more active and
quotations about steady, with Arkansas issues
strong.
There was good business in railroad bonds,
She sales being 81 240 900, of which Erie second
eonsols contributed 1926, 900, at the same time
selling from 67s down to 81 in the forenoon,
from which they rallied later in the day to 68s,
and closed ! lower with net advance of Il per
cent The sales of West Shore frsts were
$l11.000, and of NickeLpate frsts $4,000
After the decided break in the stock market
on Tuesday, it was expected to show considerable
fevershness and irregularity to-day. 1t did
exhibit these qualities in early dealings this
morning. First prices about equally
divided between advances and declines of to !
per cent. while in the case of New \ ork Central
there was al advance of : per cent. in the open
ing quotation. In the early dealings
there were declines of small fractions
in most of the list, but this followed by the
development of decided strength, which contin-
ned with interruption Of importance from
that time until the close of the board, at P. NJ.
There were occasionally slight reactions, but
they were always followed by a further upward
movement all along the line. This was in the
lace of reports of earnings of thSee prominent
railroad companies for the second week Of
August each showing material declines com
pared with the same week last year, Northwest
ern making a loss of $50 900. Chicago & Alton
$45,o71, and Louisville & Nashville $l8, $50.
There was a sharp upward movement in
the late dealings said to be due to
now in Saratoga, supposed to be Mr. Wander
bilt 1t is stated that Mr.. Vanderbilt has Sc
cured control of the Ontario & Western, the firm
of Winslow, Lanier & Co. agreeing to turn it
over at the time they made the deal giving Dir.
Vanderbilt the control of the West Shore.
The total sales to-day were 300. 600 shares, or
only about 60 per cent. of yesterdays business
but the result of the days operations is an ad
vance of over l per cent. for majority of the
active stocks, while the Omahas are up q for
Che common and 81 for the preferred the latter
having made a gain at one time of as much
as per cent. part of which
was lost late in the afternoon. ST Paul is up
II, and Northwest II, while of the coal stocks,
Lackawanna shows gain of Il; Delaware &
Hudson, Is: Reading, L. and Central of New
Jersey per cent. The higher priced Gould
stocks among the heaviest the list,
except Western Union. which gained Il, while
Pacific Mail is up only and Union Pacific per
cent. Missouri Kansas & Texas advanced l.
and Texas Pacific J. There is great deal of
"bull" talk about Oregon & Transcontnenta
and the stock to day advanced ! per cent, ] of
which was lost in the final dealings. Of the two
leading Vanderbilt stocks, New York Central
was quiet but closed at the highest price of the
Say, with gain of only per cent, while Lake
Shore is up Il.
The market closed with the following prices
Did: