The Indianapolis journal., 1885-02-12
FINANCIAL AND COMMERCIAL
MONEY AND STOCKS.
The New York Market Continues Strong and
Very Active.

The New York Market Continues Strong and
Very Active.
New YORK, Feb 1G-Money easy at / per
cent
Prime mercantile paper, 4a5 per cent.
Sterling exchange dull; 60 days, 81 S3a; sight,
AS6a.
Government bonds dull; there was only one
sale on the Stock Exchange to-day, and that
without change Of quotation.
State securities neglected
The feature Of today's stock market has been
the strength and activity of New York Central
and Lake Shore, accompanied by reports that
Vanderbilt had again entered the market as a.
buyer of these stecks Another rumor was that
Woershafer was making an earnest effort to Sc
cure controlling interest in New York Central.
Neither story was confirmed or denied, but New
York Central, which opened ! per cent lower,
at 892, made steady advances during the day un
Gil it reached SO, which was accomplished
during the last hour In final dealings it sold
off TO 92s and rallied. closing at 922. a net gain
of q per cent. The total sales aggregated
42.013 shares. Lake Shores first price SO, and
after selling at 632, it yielded early to 625 bnt
immediately rallied and sold during the after.
noon at 641. Twice, before o'clock, the price
touched g. but in the last honr yielded to 64k. a
The remainder of the list was active, with few
exceptions, and shows gains of ! to Il per cent.
the course of prices following pretty closely that
of the stocks already mentioned Lackawanna
was very active in the forenoon, but thereafter
took second place ia the amount of business
done. It's highest price (97a) was also reached
before midday. against 96a at the opening In
the afternoon it did not sell below 97s, until
shortly before the close of the board, when it
dropped to 96s, and closed at 81 a gain of 5 per
cent. with sales of 90, 500 shares, of which over
30, 600 were sold before neon.
Leaders in the recent advance say they prac-
Gcally LEFT the market aloHe to-day, while the
Vanderbilt stocks we're being advanced by other
parties The New York companies have ad-
vanced the price Of anthracite coal 10015 cents
per ton.
There was again good business to-day in
railroad bonds and prices were generally higher.
Among the important advances are n gain of
per cent in Alton a. Terre Haute division bonds;
3 per cent in international coupon 6s 2 per
cent in Texas Pacific, Rio Grande di-
vision, bonds, coupon off, and ! per cent.
each in Missouri Pacific thirds Western Union
coupon irsts. and Northwestern twenty -fve-vea
debenture 5s Missouri, Kansas e. Texas gener-
al SKIES were up per cent, at 6S, and seyens
per cent, at 1015; while Missouri Pacific frsts
show gain of II per cent, at SO; Texas e
New Orleans hrsts, Sabine division, were
also Ii per cent. higher, at 794 The
heaviest declines were in Evansville & Terre
Haute frsts, Mt. Vernon division 2 per cent, to
93, and Richmond 81 Danviile debentares il per
cent, to. 58; New Jersey Central firsts, consols
assented, were down Il per cent, to 96a.
Brokers report an increasing demand for rail
road bonds for investment account, and also
claim that there is an important "short" interest
In some speculative issues.
Transactions. 378 000 shares, to-wit: $1,000
Lackawanna. 3d. 900 Lake Shore 54. 900 North
western, 43.060 New York Central, $1,000 st.
Paul $4,000 Union Pacific, $4,000 Western
Union.