The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-07-22
FINANCE AND TRADE.
MONEY AND STOCKS.

New York Financial Market.
NEW YORK, July 2O.-Money-On call easy at /
per cent
Prime Mercantile Paper-s@5.
Foreign Exchange-Dull but steady at Isl Tor
sixty days and 4s5 for demand.
The total stocks sales to-day 37i.4S9 shares,
including Delaware, Laekawanna and Western,
"a $40: Erie, $500; Kansas and Texas, 1905 Lake
Shore, ~ $50; Louisville and Nashville, $3.50; Mis-
souri, Pacific, 500; Northwestern, 1850; New
York Central is 500; Northern Pacific, s,2i5; Pa
cific Mall 7,730; StPaul, 1925; Texas and Pacific,
1870; Union Pacific As, rs; Western Union, 2jsS5;
Northern Pacific preferred, 1929; Oregon Trans
continental. S7,5l5
Government bonds are dull and quotations firm.
State bonds have been dull and quotations about
steady, except the Arkansas IS. which are to
per cent. higher. There was some improvement
in business in the general railway bond list, with
Continued activity in Erie second consols, and a
moderate trading in West Shore frsts, the sales of
the latter being $4,000.
The stock market has been again decidedly
active to-day, but without accomplishing the
same results as accomplished during the past
week. The sales were 81 439 shares, decrease as
compared with the five hours of business Saturday
of 1900 shares, but an actual increase for the
were sales OF $1,000 St Paul. Y 500 Lake Shore and
81, 500 Oregon Transcontinental; with the excep-
ton of the three stocks named the trading in no
case was for large amounts and business was COM
paTatively well distributed. At opening the
room was well supplied with buying orders,
which caused prices to open strong, and in the
early dealings some of more active stock made
further advances from Saturdays closing prices OF
= 10 = per cent 1t at this that the highest
prices for the day were made. The market soon felt
effect OF a manifest disposition on the part of
many traders to realize, together with a resOlute
attack by some OF the prominent bears, and de
cidcd reaction took place before noon. The total
sales for the first hour were nearly 10000 shares.
In the afternoon the market was less active, but
irregular and feverish, with general tendency
downward. especially for Union Pacific. Lake
shore and Western Union. The publication this
morning of an interview with Mr.. Vanderbilt, in
which that gentleman declares that the railroad
was is not settled, and will not be until New
York Central has obtained the West shore, and
other similar statements to the same effect, at
tracted much attention, and was the subject OF
much discussion. There were, however, no new
developments to the actual situation of affairs
A heavy attack upon Union Pacific carried the
price OF that stock down from 53 opening TO 5112,
at which il closed. Western Union reached its
lowest point about o'clock from which il rallied
over per cent. most of the gain being lost in the
last hour, and the stock closed with net decline
of 15s. The Changers were highest at the open
ing and lowest at the close. 81. Paul closing Ia
and Northwestern rs lower than Saturday New
York Central, which rose Ia per cent, in the
early dealings, fell off nearly pertcen by |
o'clock, rallied =, sold down again
O'Clock and closed ON slight rally
with loss of ! per cent. Lake shore was weak
throughout, and closed within = of the lowest
price. with loss of per cent. There v-as un-
usual activity in Oregon TTanscontinental, but il
opened and closed with gain of only a per cent,
rising in the meantime \ per cent Oregon Rail
also strong, and each shows a gain of = per cent
Manitoba, on sales of 5000 shares, is mp 80 pei
cent. az er fluctuating between 99l4 and l0i. The
market i per cent lower; Missouri Pacific. Ia
Canada Southern, ,, and Others less than per
cent Ii Is said that recent developments in trunk
line affairs have led the b. and o. Company to
hasten its action in securing an entrance into
New York over the Jersey Central.