The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-02-11
FINANCIAL And COMMERCIAL.
MONEY AND STOCKS.


cent.
Prime Mercantile Psper-4@5 per cent.
Govemments-DVll but strong.
State Observation-Disclosures.
The stock market opened strong this morning
for most shares on the active list but soon yielded
to vigorous selling by the besrl, accompanied Dy
unfavoTabie rumors. and the prices continued
weak, WITH a tendency to decline, till about
O'Clock, when a decided rally in Lackawanna
turned the tide. and the upward movement was
well maintained I'LL the close of the Board. The
result of the dag's operations is TO leave prices
irre gularly changed from Saturdays closing
figures, with Union Pacific the most prominent
among those showing gain western Union and
Manhattan Consolidated suffered but little from
the general weakness in the middle of the day,
while they maintained their strength in the last
hour and closed at about he highest prices that
were rescaed. Lackawanua continues to lead the
best in toe amount of business. IN the morning
the price broke from $50 to 9IH and after rally
ing to S51s. again sold down 941s from which
price rose rapidly early in the last hour to 95s<
broke again to IS =, and closed finally at 65%,
net gain of e per cent. The afternoon rally was
Of the leading coal companies had already
exceeded It's quota for the month and
!bse there was a very pressing demand
medistely, one Of the companies bidding ss much
as 81 1922 rs for a large amount OF that size de-
able TO secure the coal. Delaware and Hudson
was inactive, and closed q per cent lower at 1879
and New New, jersey Central sa, Is down per cent at
York Central at SS5s, and Lake Shore at 6214 are
"a per cent lower, and at no time did they sell
down to opening prices. which were the closing
figures Saturday. Lake Shore was affected
nnfayorably by Iumors in regard to the
Nickel Plate. and at one time showed a decline
per cent. Union Pacific, which was one OF the
weakest of the active stocks last week. displayed
the greatest strength a1 to-day By opening z pc.
point at any time but closed l5s per cent high
er Than Saturday at SOS sales Of 5i,1O0 shares
tan Consolidated shows equal gain at "a. Com.
pared with last week St Paul was dull on sales
Of 2 COO shares and price 4 per cent lower sn At
lower at sS1s The al leading feature
in New YORK, Chicago and st. Louis (Nickle Plate)
| first, which opened of per cent at IS, aud rap
idlv declined TO rs with large transactions. Trad
| one that the company would probably default on
| the payment of the interest on the second mort
gage bonds on March l. and another that the bonds
sold came from the Metropolitan Bank or Clear
ing House. When the rumoIs were denied, and
in the general strengthening of the stock market,
Saturday of 20 per cent Thursday last they closed
| at go There. was considerable business done
In Erie seconds, New York at sG5212 closing a.
| 5315 A decline OF q per cent. Was well distrib-
uted smong the business in other issues, the
RsafS., io snd Mississippi conso S IS went down
| ia per g. at ll611, and seconds per cent Al
| 1O9, Unto Pacific frsts 1S per cent st III and
| the sinkil.- unds per cent. higher at 1lSH.
| houston sa-d Texas Central frsts. main line.
| were up per cent. at 81 coupon of, aud some OF
1 the western division are down ] per cent.
at so while seconds of the main
4 line are per cant higher at IS.
| St. Louis and Iron Mountain. Cairo. Arkansas and
| Texas, frsts gained "a per cent, at 10i;
| while Missouri. Kansas and Texas general 6's at
4 81 per cent are per cent. higher; Consolidated
/ rs at sl01$4 per cent. and general SIS at 52%
\ per cent. higher; also ambulance OF IL per
cent. in New York; Csntrsl extended aud SIS.
/ at Jos, per cent. In Canada Southern 2s at
60 per cent St. Louis and Nashville general 6's
| gained l per cent st Sc. and Consolidated
| rs at 1171S and New Orleans and Mo-
/ bile Division bonds at IS are unchsng-
ed. st. Paul consols at III are l per
cent. lower, while is II. and d. Division are up
| u per cent. at 1lSH aud Chicago aad
Pacific Western Division. Il per GEN.. at 9i4
Transactions. 1888 600 shares; 60 600 Lackawanna,
/ Zoo Lake Shore 22CoO Northwestern, I4OOO New
4 York Central 22000 st. Paul, 81, 0C0 Union Pa
cifc and l6.COO western Union.
The mining markets were quiet during the
SICK at s20G295: Kossuth, 8: Green Mountain, 20:
! Horn Silver 275 Martin White, 15 Consolidated
| California and Virginia, %, ana Standard (6fty
shares at 100. Opening sales OF shares this after
] noon were Bulwer. %: Horn silver, $50; Ply
mouth, 1875; Albion. 9; Standard, l0O Alice 100;
/ Bassiek, SO.
GOVERNMENT ssCURrrIR@.
Sterling 90 dsys...4sSz o. 8 .lI25s
sterling sight......4Soa New q. s. fs........lll1s
6.per cent bonds..--l0l1z