The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-24
FINANCIAL And COMMERCIAL.
MONEY N STOCKS.
New York Financial Market.

V AoNH hHFhots
ssw YORK. March 22-Moaey-Zslh per cent.
closed att per cent.
kdme Mercantile Psper-4a5 rer cent.
Government Bonds strong. 4ssnd ~ per cents
being &c higher. SIS &c higher.
state Bonds-A shade lower for some issues.
Railroad Bouds-Market quiet and irregular.
hut IN some cases decidedly lower. Pacific 6s OF
1875 restoFCd TO Is bid.
The stock market was feveIish, and very irreg-
ular and active for 3 few leading stocks. All day
prise e. were Influenced largely by manipulAtoss.
wEO circulated Tumors which, when contrsdicted,
were follow Ell by other equally potent for the
TINE being. and this mode Of manipulation was
kept up INT u late in he sfternoOn. Pacific Mali
ed The list. both Ia point OF activity and advance
IN quotsuons. and me price moved
70 the rest OF the market. near the opening, wnen
IL sold at ~ TO close at 605s. the highest price to
day. and a gain of - per cent, compared WITH
the closing prices. A report was started 10 the
morning that the Union Pacific Company had
decided 10 withdraw IT'S notice disseminating the
officers OF the Union Pacific Company are in BOs-
ton no speedy denial OF the report could be %.
tanned and though the Pacific Mail officials frankly
stated that they had received no such intima-
ton, and further, made a statement that
they would not consider such a proposition
When denied by telegraph from Boston
substantially the same statement in a
modified form was started, and the ball was
thus kept rolling until the close Of the board this
evening. Pacific Mai officials say they have not
received any communication in regard to the
matter from the Union Pacific Company. Total
sales OF Pacific Mail 96,eO5 shares, or over % Der
cent. Of the days business in ell stocks. The
leading weak stock was 81. Paul, which opened
AZ 704, and after selling quickly at ia, dropped
to 69La rallied TO 20, sold again at 65ss, and back
TO 7els before noon. In the afternoon stock was
less actise at 70% to T until the last hour. when il
rallied 10 w, sold again at 1914 and finally
closed at H12. a loss OF per cent, with sales OF
g. O shares There were no new developments
In regard 10 a dividend being declared this week
by the 1t. Paul Company. President Mitchell
said. late this afternoon. the question had not
been decided. The Directors meet here Wednes-
day. The break in st. Paul had a modified inhu-
ence upon Northwestern, which closed at a loss of
- per cent. The only other very active stock on
the list was Union Pacific. which showed a gain
of 2 per cent. The total sales of the
fo1r stocks mentioned amounted 10
zs2, 200 shares. leaving less than 10000
shares for the remainder of the week. Western
Union ruled quiet, making a gain. however, of .
per cent. Vsnderbilts very strong and dull. The
Presidents OF the trunk line held a meeting at
Commissioned Fink's Office this afternoon for the
purpose OF considering the present condition of
business on their lines and connections. the result
OF which was not known before the closing of the
STOCK Exchange. Memphis and Charleston went
up ] per cent, at 80: Missouri Pacific I per cent.
lower at o0Z: Central Pacific went up 3 per cent.
at 3lsz; Northern Pacific, preferred. went down 4
per cent. at sO5s; Kansas and Texas u per cent.
higher, at is, and Texas Pacific - per cent loves.
at 1lls On smsll sales there wss an advances
Louisville and Nashville is no = at 1907
Omaha common is down a at 14A. and the pre-
Ifc - nISuCI IL 3D. CtuLId4 Ne jersey SHOWS
a loss OF = per cent. atsi The direcsors OF the
New Jersey Central Company met this afternoon,
but representatives OF the Reading failed to az
pear. and the Central directors decided finally
not to wait any longer, but TO make immediate
application TO the couf ts for a return OF the prop
erty. the necessary papers having already been
prepared. Serious complies tions threaten TO grow
out OF the failure OF the Reading Company To
comrlv with the terms OF the lease OF the Central
TO that company. Leheigh and Susquehsnna
haiuUsd when IL owned by the Lehigh Rsilvav
ond Navigation Compsny, was leased a number of
years SEQ 10 the Jersey Central for a long term Of
years but when the Reading took control Of the
Central, this lease was modified by consent of all
parties and the READING assumed tue payments
provided for under The lease. and friends OF the
: Central say n is now q serious question whether
the Lehigh and SuEquehanna has not passed be
yOnd the control OF the Central. As the Lehigh
and Susquehanna Is a profitable road they fear the
Reading will insist upon retaining control of ".
which would cut the Central OIL from its cennee.
tons not only with Philadelphia but with the
coal fields of Pennsylvania.
Transactions on Stock Exchange aggravated
362. 600 shares, OF which $4,000 were L~ackawanna.
400 Northwestern, 10000 New York Central,
5000 Pacific Mail. $4,000 st. Paul. 1900 Union
Pacific. 1900 Northern Pacific preferred.
Mining Stocks-Market moderately active with
out important change, other than a decline of Toe
Consolidated Pacific to 75. but were sold at A..
seller 10; Bodie. 1875. seller 10; Consolidated Cali
fornia, 40; Horn Silver, 245; Plymouth. 1871; Sean
dinavian. 40.
GOVERNMENT SECURITIES.