The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-09-02
FINANCE AND TRADE.
MONEY AND STOCKS.
Sew Fork Financial Market.

NEW YORK, August sl.-Money-On call easy
at per cent.
Prime Mercantile Paper-4@5.
Foreign Exehange-Dull at 1881 for sixty days
and 49, for demand.
The total stock sales TO-DAY were 25s $50 shares,
including Delaware, Lackawanna and Western,
$1,000 Kansas and Texas. 1910: Lake shore,
1910: Louisville and Nashville 2l.460; Memphis
and Charleston. $500; Northwestern, S.,52; New
York Central. 1890; ST. Paul, 29,620; Texas Pa
cifc, I2!5; mon Pacific. l5,Tl5: Northern Pacific
preferred, 10, 200; Oregon TranscOntnental 3,Uoj,
Government bonds are dull and steady.
state bonds aPe very dull and steady.
Railroad bonds were quite dull to-day, although
the total sales foot up 81 $4,000 OF this amount
The Erie second consols contributed 81 $4,000 At
the office OF the Erie Railway Company il was
stated that the interest due tomorrow. amount
ing TO SS7SIS9. Will be paid. The mortgage OF the
Nickel Plate irsts provides that ninety DAYS after
default in interest the trustee may declare the
principal due. provided a majority of the bond
holders make formal request to that effect. The
ninety days expire tomorrow, but the request TO
the trustee has not been made by the bondholG-
ers committee nor hy any one else. When a ma
jority has been secured by the committee it is
pected that the reqheSt viii be presented.
At the opening of the stock Exchange the mar
ket was excited, feveEish and weak, and during
the early dealings there were fractional declines
i'm many cases, but il gradually steadied and be-
came strong before midday, the whole list. with
two or three exceptions, steadily advancing from
then subsidized TO a considerable extent. Prices
were at first steady, but later weak: but the de-
other upward movement. established, which ear
RED quotations back in some eases. and in others
ab0 e the o'clock quot ItiOns. The market was
decidedly duh in the last hour, but closed strong,
generally a little below the best prices of
the day. although the Changers Iackawanna, the
Northern Pacific, Central Pacific and Oregon Trans
continental reached their highest quotations in
the final transactions. The changes this evening
as compared with the closing prices Saturday
about equally divided betwec1s advances and de-
cines, but with few exceptions only for fractional
amounts. Lackawanna is up !. Omaha preferred
IL, Northwestern q and Il. Paul unchanged.
Among the,declines Northwestern preferred and
OmahaeommOn are down q. LOuisE lille and Nash
vile - and Others smaller fractions. The after
noon upward movement made ia the face OF
rumOrs and kilograms received from Chicago aud
circulated on the board stating that the
freight war in the West, being waged
apparently with91t regard to consequences ship
ments beng made as low &C from Chicago 10
New York. IL i alleged that the reduction of the
Northwest dividend was made for the purpose of
avoiding legislation which was threatened if the
company paid much a. per cent. when bust
ness was so poor il has been for some time past.
The sales were LOCO SHARES greater than Satur
day. The result of the months operations, which
closes this evening, j. an advance for nearly the
whole active list. but with few exceptions the
gains are for less than per cent. Union Pacific
Is up Us per cent; Jersey Central, 81 Omaha
common, JtS, and preferred 81. ST. Paul is down
13S per cent: Michigan Central and Lackawanna,
p ana the Northern PaeifcS, each Ia. while
Northwestern is unchanged. The sales for the
month were 6.s:4,WO shares.