The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-21
FINANCIAL AND COMMERCIAL.
HONEY AND STeCKS.

New York Financial Market.
NEW YORK. Nay 2o.-koney--On call easy ut
0i4 Der cent
Prime Mercantile Papcr--l05 per cant.
Foreign Exchange-Steady and unchanged
The total stock sales to-day were 10 III shares,
including Delaware. Lackswanna aud Western,
1917; Erie $3.50; Lake shore. 1890; Louisville
and Nashville. SIS; Northwestern, l0.s5o; New
York Central. 1865; Pacific Mail, $3.50; st. Paul,
1850; Union Pacific. 1905: Western Union, 1850.
There is no change in Government bond quota
tons. except decline OF Il in the coupon 4s.
There were sales :of the coupon IS at l22@i2i7s,
and the coupon "a per cents at 1l25<.
There is q moderate demand tor state bonds.
and in some cases quotations higher especially
in some OF the Alabama, Arkansas and Michigan
issues. while the Tennesses are weak. There was
a sale OF Nsfh Carolina 6s at ll0A.
The stock I'm market has been very dull all day,
interest. The opening prices were at or near the
highest, and the closing prices within a small
clines are only for fractional amounts, except in
two Ok three cases. Pacific Mail was the only
prominent exception TO the general rule bs SHOW,
"a the strength In the market being directly at
Ifibutebie to reports that satisfactory agreement
was the eve OF q final settlement IL IL
generally understood the officials oil the
q f-rent Companies are In session this afternoon
but nothing official was learned before the close
81 the board. The weakest stocks were the Van.
derbilts. especially Lake Shore. which after de-
Ginning from 5212 TO 5iz closed with loss of 11s
st 52E. 1t Is claimed that both the bears aud the
Vanderbilt party were sellers OF this stock. New
York Central Is down % per cent. The Changers
were weak a. the opening on reports from the
West that trouble was breaking ont again between
the roads leading westward from Chicago. Dis
patches were also received from the West sad cir
culated on the street that rates between
Chicago and the seaboard by lake and
rail are now lower than at any previous
time In the history of the country. Northwestern
shows loss of 4 and st. Paul Of per cent. acka-
wanna was very quiet and at the close is 70 per
cent. lower. while Delaware and Hudson shows a
loss OF e. The other notable CHANGES made on
very small sales were q decline of IL in Omaha
preferred, and an advance Of per cent. in Cana
dian Pacific. Notwithstanding the dull and
that the situation Is decidedly in their favor, as
there over s57 000G Goo surplus Ia the banks o.
longing to the Clearing House Association, and
the bond market shows uDmistskgble evidence OF
investment demand, which is interpreted as
meaning desire on the part of capitalists to find
kaier investments for their friends.
They also claim that the short interest Is still
very large the total sales were only 10 0C0 ares
decrease from yesterday OF AZ 600 shares. Union
stocks with sales OF only Is coo each.
Inc railway bond market continues ACTIVE; the
total sales we're 81, eco increase yester-
day of S412c00 but more than this increase Is due
Co the greater increase In activity in Erie seconds
new the sales of which s9sS COO Prices are gen.
orally higher. but in many cases the advances are
for small fractions Erie seconds we're excev-
ton. selling down to 931s, 1T which price they
closed, with loss of lss per cent.