The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-08
gIHAKCIAL And COMMERCIAL.
MONEY AND STOCKS.

New York Financial Market.
HEw YORK. April 7.-koney-On call con:in-
ues easy ~ per cent
Prize Mercantile Psper-85 per cent
Bar silveT-1 Cog
Foreign Exchange-Is dull bu. firm at un-
changed.quotations Quotations for actual business
4sf1s aud is51z. posed rates are 4soH and 4ss.
Government Bonds-Are quiet and unchanged.
State securiiies-Have been neglected.
The Railway Bond market has been more active
TO-DAY the total sales being sl42i. COO increase
over yesterday OF about 5000. and prices this
evening are irregular IS compared wit5 last pre-
vIous sales. The changes. however. are in many
cares FOR only fractional amounts. Erie seconds
n0w continue active. and there was considerable
busre-s in Chesapeake and Ohio frsts and the
Ntcs eI Plate frsts. hr. Huntington, President Of
the company. SAYS ne THINKS the interest on toe
fIsis VII be paid At maturity. Dot he IS not pOsi-
tive. lie ssys the company has not earned its fixed
charles after paying Tor improvements, operating
expenses. etc.
The total sales to day on the stock Exchange
crease over the last few days. but the gain was
confined principally TO one stOck-Paeihc Mail.
The total transactions in which amounted TO So.
500 shares. seven other stocks -Lsckawauna, We5t-
ern Union. 81. Paul. Northern Pacific preferred,
Lake shore. North western aud Union Pacific in
the order named, contributed $500 shares, lesv
ing only 2s o. shares 70 be distributed among the
TeL8sining fifty stocks traded in during the day.
first hour the marked settled down into dull add
listless condition. Late in the q LsrnOon the
w akness and extended throughout the whole list
and prices this evening generally from = 10 ,
per cent. lower than they closed yesterday.
The air has been full OF bear rumors for the
pact tweDty-fonr hours regarding the Northern
Pacific property, and it has been aetty stated
that the company would not be able % earn its
fixed charges during the current fiscal year. Pre,i
dent Hsrris. of the Northern Pacihc says this
statement j. absolutely false IN every paruc llaT
that in the first place the fixed charges sre only
little more than third the amount stated in tue
ports siioat. and further. that the COMPANY does
not owe a dollar OF Dniunded debt which Ii has
not cash or cash receivables TO meet, aud thar
every dollar OF money due 10 meet fixed charges
l. in bank. Although this statement was ctrcu-
lated on the street before the board closed. the
final prices of the Northern Pacific show a gain Of
= per cent over the lowest OF the day, at l6,s
for common ana $50 for preferred. This is u
decline in each case OF Is per cent from the
q Per cent at S91. II is stated that the directors
have decide1 10 publish tbs lease OF the Central
10 the SOutherB Pacific Company in the forth
Coming report OF the Central Pacific, which Is 10
he issued IN short time. OREGON TransoOnti-
mental Il down = per cent ~ IL Z. and Oregon
RaiIwsy and Navigation. l3s per Cent at 6ls I. II
Is stated that there was no meeting OF the direct
Ors of the company here TO day. and taat uOua
Will be held a. present. Lake shore lost ( p-r
cent at $50, after touching 50. and New York
ntral Is per cent. lower al Ss54 Lackawanns
is Gown - per cent. at l0i, aud Delaware and
Eudron. - at 7S5s.
The final prices are generally ct OF very near
the lowest figures. The market closed wes< at
the decline.
Transactions aggregated 10000 shares. as lol
Northwestern. -. 0s0 New York Central $500 Pa.
cifc Mail. coo ST. Paul. 10000 Union Pacific. H.
COO Western Tn OF and L COO Northern Pacific.
The market closed With the following prices bid {: