The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-13
FINANCIAL AND COMMERCIAL.
sHONEY AND STOCKS.

New York Ffnauctal MARKET.
NEW YORK, May l2-Noney-on call easy at
per cent
Prime Mercantile Psper-405 pen cent
Foreign Exchange-Higher Ct 4s7 for sixty days.
and 4c9 for short sight
The sales OF stocks to-day aggregated 1885,
shares, including. Delaware. LscKawanua and
Western, $3.50, Delaware and HUDSON, $500 Lake
Shore 2a,Ao; Louisville and Nashville. $3.50:
Northwestern, $1,000 New York Central, 51,5o0;
Pacific Mail. $3.50: Union Pacific. 1900: 81. Paul.
n, Geo. Northern Pacific preferred, 400; Oregon
and Transcontnental. s. 40 shares
Government bonds unchanged in quota
lions. except al advance to lO3h in the Ss. There
were sales of the coupon AZ per cents at 112>s.
and the As registered at his.
State securities have been quiet. The Albania
md Michigan issues quoted TO per cent
higher
Railroad bonds haye been active. and prices gen
orally strong until late in the afternoon, when
there yielding in some cases, especially Erie
seconds, new.
The stock market he's been irregular. but mod
erately active all day. Prices opened about steady,
and under heavy selling yielded fraction during
the frat hour. theG rallied and continued steady
on slight fluctuations until after O'Clock when
they became strong again, aud the highest prices
Of the day were realiZed. About the beginning of
the last hour. under the influence OF a heavy sell
ing movement by the bears. and q disposition to
reaze by the small traders. prices again weak
ened. Notwithstanding the weakness In New
York Central. Lake Shore was well held,
and closed with gain OF -. The
grsDgeIs were strong most OF the day.
OMAHA preferred is unchanged. There was
usual activity in Oregon Trancontnental and the
STOCK was up 81 per cent. this evening. Louisville
and Nashville shows q gain of N per cent. Otner
changes were for small fractions. Most of the
business was done in half dozen stocks Sales OF
New York Central, st. Paul, Northwest. Lacka-
wanna, Lake shore and Union Pacific aggregate
neatly Is per cent. of the days business The
market closed weak. Leading bulls insist to-day
the Vanderbilt stocks must separate from the rest
OF the market. They claim they are receiving no
support and only clog on what wonld otner-
that the Vanderbilt party lost heavily when both
New York Central and Lake Shore were much
higher than they are selling at present, and that
their scheme now Is to depIess the price much as
possible before buying again Friends of Union
Pacific say that the stock is being largely bought
by insiders on q showing OF increased earnings
and reduction of the fosting debt. and large land
sales as well as heavy purchases of Canada Pacific
consols by the Trustees for the sinking iund. Ii
is estimated that the principal bear leaders the
at present ere short as mucn as 500 0g0 shares OF
stock. Leading bear operators have been taking
much more active interest III the market for toe
past few days, including 10 day, than for long
tire previous.
Transactions t1day agQre ,sted 266 900 shares, as
follows: Lscka anna, IS, 600: Lake shore, 240)0:
Northwestern. IS coo: New York Genital, 81 90;
81. Paul, ID 900; Oregon franscontinental, s.010.
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