The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-20
glEAECIAb AND COMMERCIAL.
MONEY AND STICKS.
New York Financial Market.

New York Financial Market.
sgw YORK. March aouey-Ab lndani a.
Hai1z rer cent, closed al per cent.
Prime Mercantile Peper-ses5 per eeat.
Government Bonds Quiet with 81 sdvance o.
= per cent. IN per cents. and - per cent. II
registered 4 per cent?. others unchanged.
state securines-Firfn on Nyht Gales except Ten
nesSte issue. which are quoted a shade of, AMI
Virginia cOnsols which are per cent lower bid.
There was a decided revival IN business on the
Stock Exchange to-day, accompanied hy general
yielding ia vaiuts which extended throughout
the list. The bears came more boldly to the froat
than for some time past. ma there vas apparently
nu - eat effort OF the part Of the Dulls 10 resist
ait-cks made on The various active stocks The
lower thsn thew closed last evening, and there
a show OF hrmness ia early transactions. but
this was followed quickly BY a break in Pecidc
Mail accompanied by lower prices throughout
the list but especially In Union Pacific, Western
Union, Delaware and Hudson and Jersey Central.
equal 10 2 Per cent ana from "A 10 = per cent.
ia the remainder OF the list. Toward
midday the market became steady a.
fluctuations until iate In the afternoon, when Ii
again became weak and lead once more by Pacific
Mail aud remained weak 10 close OF toe Board,
There is Il good deal Of uncertainty about Pacific
Mail steamship Company and Pacific RsilrOl1s.
Dut irieuos OF me olHeIent COMPANIES cll.n no
seciOus damage 70 any OF them viii remit iron
the notice sent yes eIday by the Union Pacific 20
Pacific Mail. Nevertheless. IN adp,tion TO the sales
TO-DAY for short account. there was undoubtedly
considerable realizing by persons who bought
stock at lower quotations. Total sales sos, 900
shares; increase. 400 shares compared with
yesterday, and business was better distributed
than for some days past. Bulls claim the present
decline Is really an indication OF q more heGlIhy
condition of the market, and 70 viii gain strength
on each break from present quotations. Tnsy say
weak holders have been ''snaken out" aud ne =
short interest growing rapidly.
Railway BOnds-Market more active tod y,
htt not IN sympathy with tradine IN scsres.
There was q further heavy decline in Nickel Plate
large sales during the forenoon, prices opening
~ 76<< ard declining early to 10 Later IL rallied
10 II again, dropped to 7S% aud closed at 7Tl5 a
gain OF a per cent An impression was growing
that Vanderbilt has decided TO LEI the Nickel
Plate Company take care OF itself without aid
from him or the Lake Shore. and il is claimed
snch q course viii prove beneficial TO railroads in
general, as well as 20 the Lake Shore, es 10 will
SHOW no money is to be made in building Opp0si-
ton lines against old established routes, and will
relieve the Lake Shore of heavy burden.
Transactions on Stock Exchange aggregated
800, goo shares, of which 1900 were Lackawanna,
600 Kansas and Texas, 5000 Lake shore, 6.C0l
Louisville ana Nashville, $3.50 Memphis and
Charleston, 90 90 Northwestern, 5000 New Jer-
sey Cenual. 10 coo New York Ceuiral a. 00J Pacific
Ea1. 3S00oSt Paul, 81 100 Union Pacific, $40 q
Western Union.