The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-02-22
FINANCIAL AND COMMERCIAL.
MONEY AND sTOCKs.
Less Activity in the New York Market, but
the Demand Continues to Increase.

Less Activity in the New York Market, but
the Demand Continues to Increase.
New YORK, Feb. 21.-Money, 101l per cent !;
offered at the close at II per cent.
Prime mercantile paper, 405 per cent
Sterling exchange quiet GO days, 81. 83l; sight,
81. s6A.
Governments quiet
State securities strong.
The stock market was less active to-day, but
the business was well distributed, and dealers
report good demand for all classes of secur-
tiles, including some which have been neglected
or many months past, especially the low-priced
stocks, The liquidation which was feature of
late trading yesterday afternoon continued this
morning, and still lower prices were recorded for
almost every thing on the list, the decline rang
ing from to per cent During the forenoon the
market was dull and irregular, but after the first
half hour some of the weakest stocks
on the list, including St Paul s. Missouri
Pacific accompanied by Lackawanna, which gave
promise of again being leading feature for the
day, began to move upward, and by noon an ad-
vance of l per cent for the stocks mentioned
and for Delaware & Hudson had been estab-
hshed. In the same time, New Jersey Central
gained II per cent and the rest of the list
SHoWeu IracblOnal advances. HGrSlSJenG SCrengtn,
with moderate transactions, was the feature of
the afternoon business The gains over midday
prices were not large and the movement up
ward was somewhat erratic, and not steady
There was an advance of the whole column, and
at the close of the board prices were about the
best of the day, and from il to 81 per cent
higher than at the same time yesterday. The
coal stocks were conspicuous for strength, Della
ware 81 Hudson advancing, on small transac-
lions, from 754 itslowest price, to 49, and closing
q higher than yesterday, at 78S. Only 300 shares
of Lackawanna sold below par after IL o'clock
and from that time until the close of the board
the price fuctuated between 100 and 1907, and
closed at 1907. 1t was claimed that Jersey Cen
trails condition would be improved by cancella-
ton of the lease to Reading, and that such
change was likely to be effected soon, on which
the stock further advanced in the afternoon until
it sold at 39s, at which it closed-a gain of IL
1t was positively denied, during the day, that
Vanderbilt had anything to do with the recent
advance in New York Central and Lake Shore
Both New York Central and Lake Shore took a
less prominent position in to-day's stock
market. At the close, Lake Shore is
at the highest price of the day, 66s, gain
of !; and Central is up J. at 94s, after
selling at 944. Northwestern gained II per cent. ,
at 81, and st. Paul, the most active stock on the
list, measured by the number of shares traded
in, is per cent higher, at 72s after selling be-
tween III 72a.
Business in railroad bonds was we'll distrib-
uted, but the trading was for comparatively
small amounts in each case. Quotations for this
class of securities continue to advance very
large gains being made to-day for several issues.
Transactions $4,000 shares, to-wit: 10000
Lackawanna, 80, 600 Lake Shore, 20, 900 North
western, IL 900 New Jersey Central, 81, 900 New
York Central, Al, 900 ST. Paul, 13,0 600 Western
Union.