The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-07-15
FINANCE AND TRADE.
MONEY AND STOCKS.
New York Financial Market.


NEW YORK, July 13.-Noney-on call easy at
per cent.
Prime Mercantile Paper-495
Foreign Exehange-Quiet but steady at 1917 for
sixty days, and 1851 for demand.
The stocks sales to-day aggregated 81 l74 shares,
including Delaware, Lackawanna and Western,
4O675; II, $50; Kansas and Texas $500; Lake Shore
80 45O; Louisville and Nashville, 15,475 Northwest
ern, 25,OO5; New Jersey Central, 1926; New York
Central, 49, 776 Pacific Mall lOlO5; st. Paul, $780,
Union Pacific, 1900; Western Union 3i,G65
Northern Pacific preferred, $3.50; Oregon Trans
continental, $50.
Government bonds have been quiet and quota
tions are rather weak for the IS and As.
State bonds have been quiet and quotations
steady.
Railroad bonds have been more active and
stronger in sympathy with the stock market,
especially Erie second c0nsols, which are per
cent. above the opening. West Shore frsts have
has been strong all day. The belief is very general
on the street that the railroad troubles have been
so nearly settled that a complete adjustment of
differences is practically assured. Stories have
been afloat to the effect that the papers have
already been signed but this is not generally be
lieved. II is currently believed, however, that
President Depew, of the New York Central is de-
cidedly in favor of adjusting past differences, and
that he is king an active part in the present nego-
tiatiOns Ii was reported ON the street to-day That
he had gone to confer with Mr.. Vanderbilt Some
of the more p rOminent bull operators that
they taking little active interest in the market
at present, as they do not wish In see prices adj
vance too rapidly. and the disposition of the pub
lie present is sufficient 10 carry quotations up
ward as fast a healthy condition of the market
will warrant. They talk confidently, however, of
much higher prices. subject always to moderate
reactions. Although there were only four hours
during which the Stock Exchange was open to-day,
the total sales 81 Ia shares an increase over
Saturday of $500 shares. The most active stocks
to-day were St Paul. Lackawanna, Western Union,
New York Central, Lake Shore, and Northwestern.
In the order named, the total transactions in
which amounted to 230S 500 shares, leaving 10000
shares to be divided among the rest of the list.
Nearly per cent. of the days business was in st.
Paul and Lackawanna. Prices at the opening this
morning were with a few exceptions at or above
the closing quotations last week, but during the
first hour there was a loss of 1d per cent, which
was recovered, however, shortly after noon.
The exceptional declines in that line were
Central of New Jersey, q per cent; West
ern Union, l per cent. The market made
a slow but steady movement upward from noon
was a more rapid advance with increased activity
Prices in most eases at the close were shade be
low the highest figures of the day, but the market
closed strong with considerable excitement. The
result of the days operations is net advance of
from to Ia per cent. except for Canadian Pacific
and We:tern Union, the latter closing with net
loss OF 4 Der cent. St. Paul was also compare
sharp upward movement, closing with gain OF
112 per cent
The sales of West shore frsts were 81 .S97, 600,
and of Erie second cOnsols 81 900, while the
total transactions in all other issues amounted
only to $4,000.
The Trustees of Kansas and Pacific consolidated
bonds are in the market again as buyers.
L n.