The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-27
FINANCIAL And COMMERCIAL.
MONEY AND STOCKS.
New York Financial Market.

EflLoe AerCaltie raISr-399 prf ceuts
6ovemmenH-Firm with an advance Of in .
per cents.
state Bonds-Rather weaker on moderate bust
Lesss.
The stock market hes been feverish and irrezu-
Jar but with a tendency toward lower quotations
IL was generally understood that the two most
prominent bull and bear HOUSES recently changed
Uesitions. Leading brokers for months past were
earnest advocates OF the idea thai the condition
OF the country was slowly improving and that the
time had arrived when the eject OF the impros e-
Inent should main tain itself in Wall treet quota
lions recently took position that the rise In
price since The beginning Of the ye=B would be
fully as great as circumstances warrant, and for
the past week they have been talking about
healthy reaction, claiming that the market ought
TO fall of at least 70 per cent. They say how
ever. that some prominent bears
become interested for time In
long side stock and the latter are not ret
ready for decline. This view of the present con
dition Of affairs IN Wall street has many sdvo-
Gates. and trading, aside from the manipulation
going on. they say. is limited. Nevertheless the
total sales continue large, the transactions todsy
amounting 10 go SIS shares bat OF to-day's bdsi-
ness three stocks contributed over 10 per cent
LsckaWanns, 1o.l66, st. Paul. 5t0JO Northwest
err, 44sbb snaTes. Al the opening prices Were "a
10 = cent lower than they closed last evening"
ana 70 The early dealings there was lurtuer de-
Cliue OF aDCut p per cent THIS was followed by
q reaction. ii which the early losses were recov.
ered, and At the end of the first hour. IN moss
cases quotations were HIGHER than the opsninv
figures. Although the market did not move
regularly, The tendency Of prices was down
ward tor the next two hours, aud
the lowest prices OF tue day were made before
one. This followed oy reaction when carried
quotations to the hghe figures Of the day FOR
toe most active stocks, extreme advances being
reached in many cases about p. m. IN the last
hour portion OF the advance was again lost but
the market finally closed steady 20 strong, prices
generally =. 70 = per cent lower than last even
crowd at the opening one side, which took
selling at f3L. ana at the same time brokers TAX
Ing Il az "a Oh the opposite IL rapidly sold doWa
70 78A. and continued weak ana active az
zS4g761<, on reports brokers who had
dertsken TO sell terminal bonds OF the company
had not been successful. The most important fea-
lures OF the statement were su bsequently denied.
and on the afternoon rally the stock iouehed ~,
nut sold again a. ~, ana closed a. 49, de.
cline OF = per cent.
Southwestern. although = per cent. lower 80
he opening at s534 did not sell below taOse "a
uTes and on large transactions was stroag nearly
al day. selling in the afternoon az 97s6. In the
last hour. however it fell 70 and closed at 800.
trading in Lackawanns during the forenoon, on
vide fluctuations The stock opened s.
10 1922: rallied TO 1c41s, and then sold dom
70 1921 before midday at the same that il soil
al 1887 regular. sales were made 10 seller OF
sixty days al l0l. Ignoring the general course Of
the market. the price began 70 move upward
shortly before noon, and with very slight reae-
lions continued % adval &C until IL Teaehe l7tA
Ia the last hour. then broke TO 1929 rallied 10
le4 the highest price Of the day. AID closed az
l5sl4 loss, per cent Delaware and Hudson
sold high S2lS, ana closed AZ s. ex-
dividend. Jersey Central was per cent. lower at
80, On light safes. New York Central at 9s[
snows los Of p, and Lake Shore was q lower;
Union Pacific e and western Union and LOui,vi'is
ana Nashville = per CEN. lower al
other stocks lost Sun ilsr fractions Railroad
ooDds were less active than for several davs pas.
the total sales amounting to only 200 CO. a fall
ing OF hom yesterday OF about s600,o00. Prices
were somewhat irregular, but IN the majority
closed higher. OF tie speculative issues Erie sec
Onds, new, were less active than yesterday, aud
declined from 57S TO 50s, rallied 10 a "a closed 1T
b7A, loss OF "a per cent In Western bonds, in
which there was only SINAI! business, Oregon
improvement nrsts opened unchanged at 50 aud
declined per cent 70 a. Houston aud Texas
Central hrsis, main line coupons off, dropped
I per cent to 9l1z. and seconds, main line,
20 IS. Toledo and Wabash Consolidated
convertibles were also down per cent. 70 81. The
largest advances were in Minnesota aud St Louis
nrsls which per cent 10 l22Z. Ohio Southern
incomes 10 ~, and frsts x 10 90. Keokuk and
Des moines hrsIs IA per cent. higher at 1O7. and
New York extension 5s IA at 105 Several ST,
Panl issues were traded in and prices remain
steady. except for Southwestern division 6's,
and Iron Mountain 5's gained / per cent a. II;
Nickel Plate nrsts opened at 901s, rose to O. and
closed with gain OF 3 per ceut at 81 -: only
slight changes. were made in prices Of North
vile issues we're generally shade
higher Lehigh aud Wnkesbarre consols
assented bonds gained l selling par. aud CheS3.
peake and Ohio hrsis series A. rose IA 10 1857
Wn.le series were A. 76 aud currency 6's AZ
4f$4 uncf anged.
Transactions on Stock Exchange aggregated
5000 shares, OF which 5000 were Lsckaganue.
20oO0 Kansas and Texas, 5000 Lake shore, f6 600
Louisville and Nashville, 45,00J North western
Is COO New York Central, 1000 St Paul, > 600
Texas Pacific 10 600 Union PzcIfic 1000 Western
Union, II COO Northern Pacific preferred.
mining stocks were generally quiet Alice sold
~ .OC Bulwer at IS, Consolidated California and
Virginia At 20, Consolidated Pacific ~ sSafl
Standard az 20, and Horn Silver az Is. Gls5
GOVERNMENT SECURITIES