The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-17
FINANCIAL AND COMMERCIAL
MONEY AND STOCKS.


NV YORK. Feb. l6-Koney-lK per cent
tosec At I per cent.
rrirDe Mercantile PaPer-49s per cent.
6overnneu1-U nchsnged, except for S's, which
are = per cent higher 81 1914 bid.
state Securities uiet and strong.
The week opened az the Stock Exchange with
oft ary material change II The general situation.
Prices are a. per cent lower and nothing new
lis been developed since Saturday 10 Influence
yslues. Eat persistent selling movement ia
which Lackswrnna led dove quotations down in
the frti half hour from 20 per cent. compared
With last week. Lackswanna declining TO %. At
which 1850 shares changed ownership. The
whole fist sympathlzed IN the down
ward movement The decline was checked
however in about half an hour, and q slight rally
followed for most OF the stocks. while Lackawanns
advanced until IL reached $50 before O'Clock. a
gain from the lowest quotation OF the morning OF
az Der cent. Meantime New York Central and
Lake Shore remained strcng, without making any
important advance, sno 81. Paul and Union Pa
feyerisn and unsettled condi ton. Enormous
sales Of Lackawanna, accompanied by an advance
in price, furnished little or no guide for the rest
OF the market. The extreme price OF that stock
not maintained. After reaching 9s1z II
dropped quickly to s7h,, again sold at
in the last hour auctuated between 97sz and 0ss =
finally closing with sales OF 5000 IN the regular
way at es but the last sale was made az 95 seller
60 days The total transactions during the day ia
this stock amounted TO $4,000 shares or about 40
per cent. % the total days business IN all stocks
In comparing business 10 Lackswanna with that
IN other stocks IL should not be forgotten
that he par value of share OF I.ackawanna is
only 500, while of most other stocks the list IL
is 500. The street is well supplied with rumors
including the report that Gould and st. White
bad disagreed late Saturday evening as
market and that the former was therefore not
lending sny further aid in supporting prices.
This report generally believed when the dis
patch from Windsor Hotel was freely circulated
stating that "Mr. Gould is in the lobby watching
the weather and not the market and later came
would Etart on his Southern trip this week.
Friends Of the recent gun party claim they have
prominent to-day in supporting prices, and that
This Is correct explanation OF the movement the
way the irregular condition of the market.
At close OF board Lackawanna, Delaware and
Hudson and Western Union before O'Clock. and
Union Pacihc, Missouri Pacific and some other
other less active slOcn st near opening. Taking
the twenty-six most active stocks, the changes in
prices compared with Saturday evening, shows
about an equal number OF gains and losses, b1tfa
no case does the difference either way exceed -
per cent. except Lackawsnna, which Is up per
lower. Total sales SOC 0C0 shares, bat except
Lackawsnna. were only four stock transactions,
as 5000 shares. Si1': 81. Paul i 20 COO,
Union Pacific 325l5 Western Union 81 800
eeption OF Erie seconds, new, which were moder
ately active. the railroad bond market was dull.
but prices generally higher. The bonds men
toned sold down in the morning from 54s< to
3D.; rallied in the afternoon TO 81 aud 55 each
under the rule, and closed at 5419 decline OF "a
per cent.
West Shore frsts dull at s5sza35, q loss OF u
per cent: but Louisville and Nashville trust bond
6s are mp a per cent. al Is, oregon improvement
hrsts AZ n and Lehiga ana Wilkesosrre first
cOnsOs assented az "a. each per cent
and Elizabeth, Lexington and Big sandy
- At 80 There sale OF Nickel
Plate seconds at 81, drop OF per cent, and
hrs,s are unchan lea at s5t4 Missouri Pacific cou-
pom rs are "a cent. higher, at 10S: and c. b.
ana Q. Denver division Is 1922 per cent high
er, a. 92s4. Lake Shore regular hrsts gained per
cent. st l2j, and Evansville and Terre Haute rs
= Der cent at 1o1: Chesapeake ana Ohio lst series
unchanged a. - and currency 6's = per cent.
lower al %. Pennsylvania Railroad Co. ~
coupon at 90. show andvauce of per cent: New
York Elevated rs are q per cent. higher. at H..
Milwaukee. Lake Shore and Western hrsts also
rose n per cent. TO 1917. ST. Paul issues traded in
show only slight changes from last previous quo
taiions. Northwestern sinking fund debenture SIS
sold as low 951s.
transaction, 800 600 shares In, 600 Lackawanna :
10000 Lake Shore; 3 900 Northwestern: 10000 New
York Central; 81 900 ST. Paul; $1,000 Union Pacific;
32(o0 Western Union.
GOVERNMENT sEcURrTTB
Starting, 90 days..4s35 q. 8. 1855
Sterling, sight........486 New D. 8. Es.....-12li