The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-03-25
FINANCIAL And COMMERCIAL.
MONEY AND STOCKS.
New york FInaucIaI Marked,

New York Financial Market.
NEW.YORK. March 23.-koney-% 91H per cent,
closed at per cent.
Prime Mercantile Paper-495 per cent.
Government Bonds Strong, AS and AS per cents
being sc higher; SIS &c higher.
State Bonds-A shade lower for some issues.
Railroad Bonds Market quiet and irregular.
but in some cases decidedly lower. Pacific 6's OF
1895 restore to 125 bid
The stock market was feverish, and very irreg-
ulsr and active for few leading stocks. All day
prices were Influenced largely by manipulatoTs.
who circulated rumors which, when contradieted,
were follow ed by other equally potent for the
time being, and this mode of manipulation was
KEPT w nnlr lste IN ne sfteInoon. Fsclhe aau
In quotations, and the price moved
persistently upward without any regard
od T at q t to close az 5o t he nEhs p m
day and gain OF as per cent, compared with
the closing prices. A report was started in the
morning that the Union Pacific Company had
decided TO Withdraw its notice discontinuing the
subsidy TO the Pacific Mail. AS the executive
officers OF the Union Pacific Company ara in Bos-
ton no speedy denial OF the report could be Oh.
tanned and though the Pacific Mail officials frankly
stated that they had received no such intims.
tion, and further, made a statement that
they would not consider such a proposition
II made. the report found many believers
substantially the same statement In
modified form was started and the BAN was
evening. Pacific Mall officials say they have not
received any communication in regard to the
matter from the Union Pacific Company. Total
sales OF Pacific Mail 96to5 shares, or over % per
c.nt. OF the days business in all stocks. The
leading weak stock was st. Paul, which opened
at 7C4, and after selling quickly at ~, dropped
to 692, rallied 10 20, sold again at 69$s ana pack
to IT'S before noon. In the afternoon stock was
less active at 70S to II until the last hourwhen il
rallied TO 7Ozz, sold again ct 1913 and finally
closed at 7o2, loss OF e per CENT with sales OF
g., ECO shares There we've no rev Developments
fr1r ri m n T.
by the ST. Paul Company. President Mitchell
said. late this afternoon, the question bad not
day. The break in ST. Paul had modified inh1-
ence upon Northwestern, which closed at loss of
The list vas Union Pacific, which showed gain
d 5ogr stocks mentioned amounted - ot &c
shares for the remainder OF The week. Western
Union ruled quiet making gain. however, OF e
Presidents CT the trunk line held q meeting at
Commissioner Fink's Office this afternoon for the
purpose of considering the present condition of
Of which was not known before the closing OF the
stock Exchange; Memphis and Charleston went
lower az 901z; Genital Pacific went up - per cent.
ST Sl5s; Northern Pacific, preferred, went down e
| per cent st 405S: Kansas aud Texas Il pr cent.
hieher, at Is and Texas Pacific = per cent lower,
/ at Il -. On small sales there vas an advance
in consolidated Gas Of AZ pc, cent;
| Louisville and Nashville is no y at 1895:
Omaha common is down Il at ia. aud the pre-
ierred y higher ct So Central New jersey shows
4 loss OF = per cent. at 81 The diTec Ors OF the
New jersey Central Company met this Afternoon,
but representatives OF the Reading failed 10 aD-
/ pear. and the Central directors decided finally
/ not to wait any longer, but to make immediate
application 10 the courts for return of the prop
| erty the necessary pspers hayinng already been
prepared. Serious compiled lions threaten to grow
| out OF the failure OF the Reading Company to
comply with the terms CT the lease OF the Central
/ to that company. Lehe'gh aud Sasquehl anna
| RaiiTosd which Is owned by the Lehigl siiway
| end Navigation Company, was leased number of
years ego 10 the Jersey Central for long term OF
| years bat when the Reading took control OF the
Central this Lease mod fed by consent of ell
parties and tire Readini, assumed the pay ments
provided for under the lease. and lds OF the
Central say ii is now serious question whether
| the Lehish and Susquehanna has no. passed be
yond the control OF the Central. As the Lehilh
and Susquehsnna is profitable ROAD they fear the
| Reading VIII insist upon retaining control of it.
which would cut the Central of from its c9ncec-
tons not only with Philadelphia but with the
| coal fields OF Pennsylvania.
Transactions on Stock Exchange aggre gated
$50 eco shares, of which 81, COD were Lackawanna
/ 47.(00 Northwestern, 10000 New York Central,
97,co0 Pacific Mail, 6S. 600 st. Paul 80 coo Union
/ Pacific. 1900 Northern Pacific preferred
Mining Stockg-BIarket moderately active with
ont important change, other than s decline of 10e
| Consolidated Pacific to IS. but were sold at -,
seller 10: Bodie. l35. seller 10 Consolidated Cali
fornia, 40; Horn Silver, 2ij; Plymouth, l6A; Scan.
/ dinaTian, IS.
Government SECURITIES.