The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-07-01
FINANCE AND TRADE.
MONEY AND STOCKS.
New YORK FinnnciaI Market


NEW YORK, June 2o.-Money-On call easy at
per cent
Prime Mercantile Paper..iet5.
Foreign Exchange-Quiet at 4sfi. for sixty days
and 49, for demand.
The total stock sales to-day were 26fs2I shares,
including Delaware, Laekawanua and Western.
Ils,4S5: Delaware and Hudson 800; Lake shore.
1000; Louisville and Nashville, 9.5e; North
western. 1900; New Jersey Central 80; New
York Central I5.snS: Pacific Nail 1850; It Paul.
$3.50; Union Pacific. ai.7oo; Western Union, 800
Government bonds were mort active aud quota
tions firm except the thrc,s which are = lower.
state bonds have been "a little more active and
quotations steady
The railway bond marker has been only modcnie
" active not including the two leading speculative
issues the total sales being II $4,000 Erie seconds
and West shore iirSis sales taking over one-hali 81
the total Prices are greatly lower Tor tbe actiNc
issues The Trustees OF the Kansas Paciiic Railway
consolidated bonds have bought and retired since
December ~ last - 0d OF these bonds reducing
tn. Union Pacific bonded debt that amount. IL i
estimated the land sales will permitlh the retirement
OF another million Of these bonds 10y January
next All the leading roads in Texas. Including
the Gould aud HuntinsE systems, hayecntered INTO
a ten year pooling arrangement and rates
win be advanced on the lst of July. The features
of to-days stock market has been the heavy break
in Iackawanna. without the Development al q
single item Of news affecting the intrinsic value Oi
the property. The decline i attributed to the
action oi a single broker, who j. generally sap
posed To control the price of the stock. 10 j. re-
ported that he recently disposed of large portion
nf hi holdings of the stock and after giving addi-
tional orders this morning L. sell left the street,
and has not been during the remainder of the
DAY. some persons believe that ne has gone short
of the general ,lisf. Whatever may be the cause
Iackawanna opened this morning no lWs4. the
same n il closed saturday evening. and after
selling 10s. rallied Ia lOl during the first hour
aud then steadily declined on heavy sales until II
touched ait. between and > O'Clock: later IL
rallied tn g7& and closed at g7i with fluctuations
| of ~ per cent. The total sales al Iackawunna
were ll5,4S5 shares. while the total sales for the
elav of all stocks NJ 900 shares. leaving only
liS 500 Ia be- divided among the rest of the list. Of
which ~ Paul and Union Pacific contributed
| 60OO9 shares. The rest of the list decidedly
dull. The sales i'm amounting To aS much as
1890 shares The highest prices for the general list
| were made nj or soon after the opening, and the
lowest generally after O'Clock. Pacific Mail closed
| with net gain OF q per cent; Central of New
Jersey il up y per cent, and Louisville and Nash
Vile j. y per cent. higher With these exceptions
i the closing quotations from a 10 lower
than the final sales saturday but generally only
To- - Der cent. below the highest prices reached
to-day ID was announced this afternoon that the
Jersey Central Company will file it, petition this
and that the interest due on July viii positively
| mol De- paid then.
The rally from the lowest prices from = To
| per cent
The market closed with the following nriccS bid