The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-23
slkAhCIAb AID COMMERCIAL.
AoSEt ANO STOCKS.
New YORK F,naoc,sl Market.

New YORK Ftnsoctal Market.
SEW YORK. March Il. -Aoney-lalX per cent,
slosed At per ceat.
Prime AercsntsIs Paper -4a5 per cent
Government Bonds Quiet and firm, "a per
tcs.'s showing advance OF :. per cent. in the
rice bio; others unchanged.
Railroad Beads Quiet except few active.
speculative issues. Prizes this afternoon were
Generally hrneT.
state Securities Quiet and generally strong.
The stock afket was active, feveFish aud ilr.s-
ular TO day aud foi some stocks very weak. Pr
~ the opening show only slight change
from closing Quotations last evening except for
Pacific Mail. which quoted first at decline OF
3 per cent. OTeningst 49, A decided weakness
sluos, Immediately developed in this stock
II The LIST continued firm throughout
most Of the afternoon on rumOrs that
the Central Pacific Company was about 10 issue
me- mor.gase for 100000. The price of that
stock broke before u O'Clock 70 pa. The bulls
in the general 10 srket claim that Pacific Nail aud
Pacific railroads VIII assume position IL the
market somewhat similar to that which has eX-
listed for some time between New York Central
ana west shore, and that Pacific Mail will rfoSa-
bly, break away from the rest of the list.
At meeting OF the directors of Pacific Mail
late This afternoon q resolution adopted
directing the President to take such as could ena-
bic the company on and after the lst OF May 10
its iull share OF transcOntnental business.
In The afternoon the market was less active out
irregular. UaiOn Pacific touched Al before noon.
sold again al q and 4lts and closed At Us; loss,
- per cent. lt is stated that an effort IS being
made TO secure the consent OF Mr.. Aston TO serve
a. member OF the Board OF Directors IN place of
Mr. Gould.
s. y White. the leader OF tie bull party. in Lack
awsnna, bought 10 O0J snaTes III Que BLOCK, seller
sixty days, at e95 and bid Tor any part of 80 900
snaTes more 81 ne same price
President Huntington OF the Central Pacific,
was not IN the city to-day. and no Official IN
formation regarding the reported issue Of bonds
could be obtained. The statement il made. how
ever. that the issue will be for 100000 either
debenture collateral trust boUds, and that the
mortgage v i'll contain provision by which the
bonds can b. exchanged for stock under
Certain conditions IL is elsa reported
that HUNTINGTON, Stanford and others who
4 anfd money TO the company through the south
hall of the new lstue At about par The report
was renewed this afternoon tina. the st. Paul divi
dend would either be passed or materially re-
duced. and the stock fell from 421s TO 7O&. out
closed al ~ SOn e idea of the range of the mar
ket may be obtained by the statement that the
total sales OF six stocks amour ted to % per cent
OF the day = business, which was larger than usual
of late Western Union, While remaining compar-
afively quirt WIS slsO week. selling from 553s TO
5614c, but closed on rally unchanged at 500
Tie marker clos excied ard weak at prices
somewhat better than the lowest of the day.
Comparing pCces tuls evening vito the closing
quotations a week ago. the only active stick on
toe list which shows any gain is Missouri Pacific
which Is M - per cent Declines range between
10 and IA Der ceut., the latter Pacific Ma l.
IriOn Pacific is down 10 9sS DIR cent, Western
Union s1s. Chicago, and q %, Northe u p CT
DC preferred "a Lack "anna aud otaers sma :
er amounts ESQ date Gas Is, hOwev-r 10 IN -
cent IOtal sales lOF The wee - 5l6.C0J snares
Increase over last week, 229t 90 shares.
Transactions Stocs Excnaage eggre sated
3d. 90 Northwestern, 10000 New YORK CanlrU
1900 Pacific Mail, 6.OO) -. Paul. 81 coo Union
Pacific. 1900 W,stern Union, 900 Northern
Pacific preferred.