The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-03
FINANCIAL AND COMMERCIAL.
MONEY AND STOCKS.

NEW YORK, March 2.-Noney-Easy at a. per
cent. closing at 16per cent
Prime Mercantile Paper-495 per cent.
Government Bonds Dull. hfm and upchange1.
State Bonds -Qniet and steady
At opening this morning the stock market was
dull and heavy, prices for active shares showing,
IN most cases a Decline as compared with satur-
day sfternoon's closing quotations OF S0K Per
cent After further decline OF small fractions,
the market rallied, and at the same time became
more active, but by midday resumed dull and
heavy tone which continued until after .. N.
Dunng the last hour the previous losses wers re-
gained IN most cases. and the closing prices of
this evening generally show slight advances, as
compared last week. Parties who until recently,
have been recognized for & long time past as lead
ers and bull operators appear 10 have lost conf.
dence IN present prices snd say IL is folly to try
maintain prices ct present quotations that
nipulatoTs, who until recently were leaders OF the
bear movement. are driving all traders away from
the street. Active operators on the bull side
claim, on the other hand that the old bull follow
ing is seeking 10 .depress business only fer the
purpose OF loading up again for another advance.
II Is between these two c0ntending forces that tne
markeI hes grown listless with tue general ten
deDCy downward. There was comparatively large
trading in Northwestern to-day, which, af er o n
ing shade lower at 9szz, selling early a. GA
seller DAYS, rose In the forenoon 70 9JS decitned
again al O'Clock to 9iK. ana IN the last hDur
sold al 49, and closed NJ 9514 a gain OF II ST.
Paul was less active hut SHOWS an advance of
- nsr esnt'' At TO- after touehing liz in ths
morning. There WAS much less Dizziness than
usual IN Lsckawanna. but stocks continues 10
Price rose to 1881. and closed at 1884 gain Of
II per cent The last sale before tns close
sttracted but little attention, and show very
slight changes. Union Pacific was weak in the
forenoon, Ginning to 1913. but In the final rally
Of 4 per cent other s6ealled Gould stocks were
dull. and Western Union and Manhattan Consol-
dated show change in closing prices
There was increased trading, however, in
Kansas and Texas which rose In the afternoon to
1ssE and closed al lS11. gain Of a per cent and
stocks. New York Genital and Lake shore were
weak all day, and the latter was comparatively
weak. opening at ~, selling almost immediate
the afternoon to 635s. and in the final rally ad-
yanced to 6s5s, and closed at e41S; loss, - New
York Central down a at s33s, after tuctuating be-
tween 941S 70 927f. Among active stocks Rock
Island gained at lis. and Omahas each up q (;
common &c; preferred, $50 Pacific Mail was active
in forenoon. rosa to STA but fell later to 55N aud
closed at 5t1S. Total sales only 2ll,6S shares, 4
decrease from Saturdays business OF over 81 100
shares.
The railroad bond market has been less active
than usual; prices Irregular Speculative interest
N Erie seconds row subsidized for a day a. least,
when il became known that the company were
redeeming coupons Ode the Isl OF this month, AID
moGnina AZ So fen later 10 So and eaI fo c as
ing al 81, a decline from Saturday OF 4 per cant.
There was more than usual amount OF trading in
New York City, and Northern General Mortgage
Trust Company certificates, which are per cent.
higher at S61s, after fuctuating between S6S "a
3ts< New YORK Central first coupon up up q At
1917; Oregon Railway and Navigation firsts sho 2
an equal advance ct 1l0; Richmond ana Allie
gheDy frsts. at SIS; Lake Shore division bonds,
pa at 127: Lake Erie ana Western frsts 81 at S3s4;
Sutquehanna Consol skies. II at ia and Chrsa-
psake snd Ohio frsts. series b. up y at - Other
advances are for fractional amounts. and declines
are generally less than per cent PeDnsyl wanna
Compsnys ~ per cent. registered shO 4 loss of
% N s71& after opening at %. Oregon Transcoa-
continental frsts. u lower ut 6S, and TOleiO 8nd
Wabash consol convertibles at IS. Total sales
to-day amounted to sS7i, 800 decline from 5atu 2
days business over s350.000.
Transactions Stock Exchange aggregated
2l2 COO shares of which 27.009 were Lzckawanna,
10000 Louisville and Nashville. 5000 Lake Shore,
1900 Northwestern, IA 900 New YORK Central p -
81. Paul, IL, 900 Union Pacific
GOVERNMENT SECURITIES.