The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-11
FINANCIAL AND COMMERCIAL.
NONEY AND SrvCKS.


New York Fiuaactai Market.
NEW FORK. Hsy s.-Honey--on call easy a.
Per cent.
Prime Mercantile Pxper-4as per cent.
Foreign Ezchange-UnchsnRec.
Government Bones--strong. quotations showing
an advance of - per cent for the Il and - per
cent for the currency &c.
The State bonds have been more active for some
time past, especially for some of the Tennessee
tissues. aud prices are strong.
Railroad BONDS have been very active, with a
large fusiness in Erie seconds, new. and West
Shore hrsts. ana a gotd business In other issues.
Prices are generally strong.
The stock Market opened strong this morning
for almost everything except New York Central.
which was heavy, aud dufing the forenoon devel-
oped no other feature than that OF al active mar
kct, with steady buying by both bulls and bears.
the latter cover ng shorts, while there was fair
amount OF business done for the long accounts.
After midday prices became more quiet ana
fstions OF the day were reached, but this
was followed by rally during tue last hour,
which continued until the close OF the board, the
market finally closing steady ~ the advances
made. and generally within small fraction OF the
highest prices reached.
The interest OF the street was centered In the
news from Chicago regarding the meeting OF the
raiIIoad officials IN session there to-day. and the
nnsl rally VAS made alter At had been announced
thai the settlement Of everything in The West and
Northwest WAS complete and that rates would
probably be restored on Monday. the plan adopted
being satisfactory TO all the roads. The continued
REPETITION OF the statement that Mr.. vanderoilt
Was acting with some leading bears in depressing
prices, and that he was heavy seller OF shors
stock. led 10 his authorizing The publication OF Il
abatement. TOO. in which he says: There is not
word Of truth in the stories that Am operating
with Mr.. Cammack. am not interested in any
way. either with him o. anybody else
bearing the stock market L have not
20 sod shaSs y, o gentrs IN sines
1879. l have not sold share OF Lake Saore di.
rtetly or indirectly for months. Do you think
ment of the New YORK Central for the quarter
ending March 81 to be submitted to the Railroad
crease in the gross earnings OF s75Oooo, decrease
IN the bet earnings OF 100000 and deficiency
after paying ! per cent. dividend OF $40 600;
little over "a OF l per cent. was earned on the
stock for the first quarter OF the current year.
enauge is a net advance oil y to IL per cent for
The active htocks, the greatest gains being made
by Northwestern and Michiean Central. but New
York Central Lake Shore. Pacific Mail and Lacka-
wanna are each up q. st. Paul and Delaware and
Hudson each "a aud Western Union a per cent.
The total .sales we're 22s7 ISL shares, bat of this
about 20 per cent. consisted OF northwestern. aud
J50 COO shares OF that stock ST Paul. Union Pacific
and Lsckswanna. one-half of to-days business
wss done during the forenoon. Northwest
opened at 93i.. sold st 9i5E touched 937s just be-
fore o'clock, and then rose 10 95la and Closed at
VI. 81. Paul sold first at CO. dropped to 635s. and
rallied TO tyis before midday. sold III the alter
noon down 10 6slE and rallied 10 67l1. at which
IL CIOttQ. New 1Ofk tentrAl opened at SbM. sofa
as low ss5k early in the day. its lowest price.
and then Ut 81 in the forenoon. broke 10 SOS
LATER and in the final rally reached S75z but
closed at S1ts Lake SOo-e was strong at 81 1855
during the forenoon. fell to IS about , O'Clock,
and fu tho last hour rose TO IS closing at 5}1s.
AtoHt the only weak stock on the list in whcn
there wss any trading OF importance was Central.
OF New Jersey, which II Gown "a per cent. at 81,
after selling as low as So. Notwithstanding TIE
decided rally during toe past two days almost ev
erything the active list IL lower this evening
than 1t was week ago. the exceptions
being Northwestern, which is unchanged. and
Union Pacific, which shows an advance of = per
cent. Among the inactive shares c., b. aud q.
a'so shows q gain OF l15 per cent. ana Manitoba
Consoiosted lss per cent. The greatest declines
Ia Lake shore. a. New York Central. "a:
Michigan Central, 2L; Lackawsnna, Ils, ami
other stocks for less than per cent The total
ssles for the week were 1,G02.077 shares, or more
than double the previous weeks business but OF
this weeks transac ions Northwestern, 81. Paul.
Lake Shore. Lscsawanna. New York Central and
Union Pacific contribE ted zoo ,Oo0 shares.
The railway bond market has been unusually
active, the tots sales amounting to 81 i0l, 900;
but OF this SUN Erie seconds new contributed over
ST. 00O, C90 and West Shore $4,000. Prices are
higher this evening than the last previous quota
tions.
The transactions on the Stock Exchange aggre-
gated 22e 0o0 shares. viz: Delaware. Lsckawauna
and Western, p 600 Lake Shore, Is coo: North
western; 5000; New York Central, 1900; st.
Paul, 44,ee0: Union Pacific, %, 00O