The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-02-18
FINANCIAL And COMMERCIAL.
MONEY AND STOCKS.
sew xorI. financial n.rk.a

sew EorJ- FINANCIAL aHrkea
NEW YORK, FEB. 16.-Money-iH per cent;
closed at per cent.
Prime Mer antile Paper-4@5 per cent.
Govern Observation-Disclosures, except for S's, which
are 4 Per cent higher at 1914 bid.
STATE securities-Quiet and strong.
TIE week opened at the Stock Exchange with
oUG any material change in the general situation.
yrices are 1sGsS per cent lower and nothing new
has been developed since Saturday 20 influence
values. But a persistent selling movement in
which Lackawrnns led dove quotations down in
the first half hour from l to per cent, compared
with last week, LackSwanna declining to "a, at
which $500 shares changed ownership. The
whole list sympathized in the down.
ward movement. The decline was checked
however, In about half an hour, and slight rally
followed for most of the stocks. white Lsckawa ana
advanced until it reached 9s1z before O'Clock. a
gain from the lowest quotation OF the morning OF
~ per cent Meantime. New York Central and
LAKE shore remained strong without making any
chc weak. The market drifted into an extremely
ievefish and unsettled condition. Enormous
sales of Lackawann9, accom- panied by advance
in price. furnished little or no guide for the rest
OF The market. The extreme price OF that stock
was not maintained. After reaching 9S@, 1t
IS and 975s before O'Clock, and
in the last hour fuctusted between 975z and ssis,
/ finally closing with sales Of 5000 in the regular
way at 9S, bu- the last sale made at 95 seller
60 days. The total transactions during the day in
this stock amounted TO l23OOO shares, or about 40
per cent OF the total days business in all stocks.
/ In comparing business in Iackawanna with that
that the par value OF a share Of Lackawanna is
only $50 while of most other stocks on the list il
is 500 The street Is wei! supplied with minors
had disagreed late Saturday evening as
to the policy to be pursued regarding
! lending any further aid in supporting prices.
This report was generally believed when the dis.
patch from Windsor Hotel was freely circulated
/ stating that MI Gould is in the lobby watching
! the weather and not the market and later came
the announcement from GOuld's Office that he
! would start on his Southern trip this week.
/ already unloaded on those who were the most
prominent to-day in supporting prices. and that
/ this is correct explanation of the movement the
/ past two days as indicating in some
way the irregular condition of the market:
I At close of board Lsckawanna, Delaware and
Hudson and Western Union before O'clock and
Union Pacific, Missouri Pacific and some other
the twenty-six most active stocks, the changes in
prices as compared with Saturday evening, shows
about an equal number OF gains and losses, bat ia
per cent except Lackawanna, which Is up pei
cent. and Missouri Pacific which is Il per cezt
lower. Total sales So6,oe0 shares, but except
Lackawanna. were only four stock transactions
each OF which amounted TO as much
as $1,000 shares. viz. 81: Paul 5000
and Northwestern 3D. $50 shares With the ex
eeption of Erie seconds new. which were moder
|
but ", generally higher. The bonds men
I toned r. down in the morning from 545z tC
Sass: rail- I in the afternoon TO 81 aud SIS each
unoer the e. and closed at 5i15, a decline of.
1 per cent.
West shore hrsts dull at S55s9s5. loss of J.
per cent; but Louisville and Nashville trust bond
IS are up 219 per cent at IS. Oregon improvement
hrsts at n and Lehigh and Wilkesoarre frs
consols assented at "a, each per cent
and Elizabeth, Lexington and Big Sand,
Is at SO. There was sale OF Nlcke
Plste seconds at 81, a drop Of 5 per cent, anc
pom rs are IA per cent higher, at 1913; and G. B
and @. Denver division As. 1922, q per can't high
er, at 9254 Lake Shore regular frsts gained pc
cent at 125. and Evansville and Terre Hsute II
per cent, at 101; Chesapeake ana Ohio LIST series
B unchanged at 70, aud currency 6's y per cent
lower at %. Pennsylvania Railroad 90. AZ.
coupon at 49, show andvance of per cent; New
York Elevated rs = per cent. higher, at IL y
Milwaukee Lake Shore and WesIern frsts alst
rose y per cent. TO 1917. ST. Paul issues tradei fl
STOW only slight changes from last previous quo
taiions. Northwestern sinking fund debenture s
sold as low So.
Transaction. 100000 shares. 1000 Lqekawauua
10000 Lake Shore; g., 600 Northwestern; 10 00) New
York Central 81. 900 st. Paul; $1,000 Union Pacific
22,oo0 Western Union.
GOVERNMENT SECURITIES.