The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-13
FINANCIAL and COMMERCIAL.
MONEY AND STOCKS.
New York Financial Market.


NEW YORK. March Il. -Money-iaih per cent.
c.osed at per cent.
Prime Mercantile Pnper-4ao per cent
Government Bonds Dull. qniet ana unchanged.
Railroad Bonds-The market Is again active and
generally higher business being well distributed.
AS indicating a DC maud for this class OF securi.
ties portion OF what i known as the Hall CATER
lon. the Bllumore and Ohio 8 per cent. forty
We, 20 q bondF was otiered his morning at l0iK.
and the whols amount was taken almost immedi.
atsiy the bonds selling briskly later at per cent
advaace on subscription price.
The stock market was comparatively quiet
80. oulators showa disposition to wait for further
developments. The belief Is growing that the
market should have a reaction before making any
luither material advance, and there Is also a dis
osidon 10 Iwait for more definite news from
Europe in regard TO the troubles OF Great Britain
aud Russia War news in Wal street today was
of more pacific character. and operators who
yesterday talked confidently OF decided boom la
INC stock market are today advocates Gates
say. will tempt outsiders who never
trade in stocks except when they buy. and VIII
$50 induce the leading bears % increase their
lines OF shorts. Opening Board this morning
were somewhat Irregular, but a majority OF the
active iist ~ owed decline of - To- y per cen .,
and during tho morning there were further trac
uonal declines, when, In many cases the lowest
market became steady, aud so continued until the
publcBtion OF report which credited Prestdont
Keep. OF the Northwestern Railway CompinY,
with the statement that the next Omaha dividend
wouio not be paid. This was folio we'd by break
tn Omaha preferred, on comparatively active
trading 10 SIX against So a. the c.ose Yesterday,
while common declined u TO IS The greatest
sympathy with this downward movement was
came a statement that nothing had been deter
mined in regard to the Omaoa dividend. denial
of the original story being made by Keep. by te g
graph, and sykes, Vice President OF the North.
western Company, in this city; upon which Oma.
ma preferred rallied TO s6, and there was slight
weakness. especially In ST. Paul, which sold
down 10 rs against ~ last evening:
vidend by this company would be either cut
down materially or passed entirely; Northwest
clined per cent 10 9iIs. and tle whole list
finally closed weak and generally within a. avery
from la2 per cent lower than final quotations
last evening. In the forenoon attack was made
upon the Missouri and Kansas and Texas Pacific;
steady near Is the rest OF the day, closing u lower
atl51s. IL comes from semioficial sources that
there some talk OF Missouri Pacific issuing co
mon stock, making the present Missouri Pacific
stock, preferred, and absorbing Missouri, Kansas
aud Texas by giving one share OF Missouri Paeidc
is thought this plan Will meet with approval by
Missouri. Kansas aud Texas stockholders, and
ihe only active stocks sho~ Rs Advance i Pa zinc
Mail. which Is Z. higher at 62% after selling be-
Transactions on stock Exchange aggregated
$4,000 shares, OF which $1,000 were Lackawanna,
10000 Kansas aud Texss; 1900 Lake Shore. $4,000
Northwestern. p, zoo New York Central, $500 st.
Paul, Il, COO Western Upion.
The mining market was quiet aud steady. Dur
Ing the forenoon Belle Isle sold az 20: Bode. 2i0;
Central Arizona, u: California and Virginia. 10
Horn Silver 25o9765; Mono. 1l6, seller ten; Mexi-
can IS. seller ten: Navajo 100, seller thirty; ORR
entail and Miller. II; kappahaunocK, 9; Savag 3.
ia silver King. 425 Sierra Nevada, As, seller tea
standard, ll5@il0@l05, seller ten. Sales In the
afternoon included Navajo at 10 6llr. Plymouth.
161<01e5E; Standard us: Horn Silver, 255. seller
ten. Sierra Nevada, 65, seller 10.