The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-02-23
FINANCIAL AND COMMERCIAL
MONEY AND STOCKS.

Less Activity in the New York Market, but
the Demand Continues to Increase.
NEW YORK, Feb 2L-Money, 1 a. Ii per cent;
offered at the close at II per cent
Prime mercantile paper, 405 per cent.
Sterling exchange quiet; 60 days, g. 833; sight,
$As64
Governments quiet.
State securities strong
The stock market was less active to-day, but
She business was well distributed, and dealers
rapport good demand for all classes of secur-
tiles including some which have been neglected
4 or many months past, especially the low-priced
stocks. The liquidation which was feature of
late trading yesterday afternoon continued this
morning, and still lower prices were recorded for
almost every thing on the list the decline rang
ing from to per cent During the forenoon the
market was dull and irregular, but after the first
half hour some of the weakest stocks
son the list, including st. Paul & Missouri
Pacific, accompanied by Lackawanna which gave
promise of again being leading feature for the
day began to move upward, and by noon an ad-
vance of l per cent. for the stocks mentioned
and for Delaware g. Hudson had been estab-
Hshed. In the same time, New Jersey Central
gained II per cent and the rest of the list
showed fractional advances. Persistent strength,
with moderate transactions, the feature of
tAe afternoon business. The gains over midday
prices were not large, and the movement up
ward was somewhat erratic, and not steady.
There was an advance of the whole column, and
at the close of the board prices were about the
best of the day, and from to 81 per cent
higher than at the time yesterday. The
coal stocks were conspicuous for strength, Della
ware e. Hudson advancing, on small transac-
lions, from ISL its lowest price, to 10 and closing
q higher than yesterday at 7Ss Only 300 shares
of Lackawanna sold below par after IL o'clock,
and frorn that time until the close of the board
the price fuctuated between 100 and 1902, and
closed at 1909 1t was claimed that Jersey Cen
trails condition would be improved by cancella-
ton of the lease to Reading, and that such
change was likely to be effected soon on which
It sold at 39s, at which it closed-a gain of Il.
DC was positively denied. during the day, that
Vanderbilt had anything to do with the recent
advance in New York Central and Lake Shore.
Both New York Central and Lake Shore took
less prominent position in to days stock
market At the close, Lake Shore is
at the highest price of the day, 66s, gain
of J; and Central is up ], at 94a after
selling at 94t. Northwestern gained II per cent,
at "a, and st. Paul, the most active stock on the
list, as measured by the number of shares traded
IN, is per cent higher, at 72s, after selling be-
tween T4072a.
Business in railroad bonds was well distrib-
uted, but the trading was for comparatively
small amounts in each case. Quotations for this
class of securities continue to advance, very
large gains being made to-day for several issues
Transactions. 237, 600 shares, to-wit: 1000
IIackawanna, 81, 900 Lake Shore 10000 North
western, II, 600 New Jersey Central, 81, 600 New
York Central, 1000 ST. Paul, $4,000 Western
Union.