The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-03-02
FINANCIAL AND COMMERCIAL
MONEY AND STOCKS.


rhe New FORK Market Less Active, and the
Fluctuations Very Moderate.
NEW York, Feb. 2s-Money, easy att az per
.ent; offered at the close at per cent.
Prime mercantile paper, 405 per cent
Sterling exchange quiet sixty days, g. s39
Yghs 5iS64
Governments strong and higher for three per
sents.s at l0l4 bid
State bonds quiet and shade lower for some
issues.
The stock market was less active than at any
time since last Saturday, and the extreme fiuctu
atoms were generally within a range of little
over l per cent The day passed with
out the development of any important
rumors tending to influence values. Early
dealings were at prices shade lower than the
closing quotations yesterday, but after the
first fifteen minutes the market rallied
without manifesting remarkable strength,
and prices, before IL o'clock, were generally
small fraction higher than last evening.
There was considerable activity in early trans
actions, but after the rally the market became
dull, with only slight fluctuations. and continued
dull andlsseady until after midday. when there
were further fractional gains. In the last hour
the market became heavy again, but
closed firm at slight rally at
prices which, in most cases, show gain for the
day of only small fractions. Over 60 per cent
of the days business consisted Of trading in the
following four stocks: Northwestern, so. $50
shares; Lackawanna, IA, 995; Lake Shore, %, G65,
and St Paul. Sc, 095. Lackawannas lowest price
was at the opening, when 1t sold at 1O2, and
from which it rose in the forenoon to 1925, and
later to 1904. In the last hour it dropped to
102a rallied to 1884 sold again at 1929, and then
up to 1903 and closed finally at i02k la net gain for
the day Of !. Delaware y Hudson was higher,
ts.. G ai .oG aaetu, atm in 0stw tSs
respect being an exception to the general rule;
but the trading was very light. There was a
sale late in the afternoon, at T6s, seller sixty
days. Central Now Jersey quiet, at 3s4 g37s,
closing at 80 an aaEaGss OF e Lake IKE Shore ps
hour to 65, and throughout the
remainder of the day was heavy, selling
down to 63s in the forenoon, and, on reduced
business after midday, rallied to the opening
price GA net loss of &c. New York Central,
on a little more than half the business done in
Lake Shore, was steady in the morning at about
90, sales being made at the same time at
Oh. seller sixty. Early in the afternoon
it rose to 93, the highest price, and after slight
!. St Paul was steady throughout tho fore
noon at 1S8Hs0ls, from which it
rallied, to 724, and closed at 52s-
gain of 5. The largest transactions were in
HOfLHW6SIefn common, WHICH was SlrOng dt the
opening, at 942, but did net sell above 94s until
the afternoon. when it touched 95i declined
again SC $40, and closed at 94s--a gain of The
greatest adyaaee in any of the active stocks on
the list was made by Pacific Mail. which, on
light business, closed at the highest price
Sfto-day, 56-an advance of per cent. One OF
the weakest stocks was Missouri Pacific, which
was highest at the opening and lowest at the
close. the extreme prices being 93s and 90s the
final price shows a loss Of IL Omaha was
dull, and on limited fluctuations closed
n lower for common, at 25a,s and per
cent lower for the preferred. at S.
The result of the operations Of the month,
which closes to-day, is general advance in almost
everything on the active list, and a gain In the
most active ock-Lackawanna-of IA per cent
All the coal roads. however. were prominent in
the advance, Delaware q Hudson gaining 81
per cent and Central New Jersey, A.
New York Central h Lake Shore, 81
Northwestern So: while St Paul gains only :,
and Missouri Pacific is 81 lower; Union Pacific
losses L. bat Manhattan Consolidated is up L.
and Louisville & Nashville 81.
There was a reduced business in railroad
bonds, but large number OF issues
continued to be traded in for small
amounts. There was some speculation in Erie
seconds new, which opened at 56ss. sold down to
So rallied to 56s and closed finally at 56s West
Shore frsts were higher, at 36s after selling as
low as 36s. and Nickel-p plate stocks show a de-
cline of ! per cent, at o. Among other i'm
portant advances in other securities OF this class
was gain of per cent IN Missouri Pacific
thirds at 1861. and an equal advance in Ohio
Central stocks, at 81
Transactions. 293, 600 shares, tO-wit: 5000
Lackawanna 10000 Kansas & Texas, 1900
Lake Shore 16 600 Louisville b Nashville, Is, 600
Missouri Pacific. 50 900 Northwestern, &, 600
New York Central Sc, coo ST. Paul, 10, 900 Union
Pacific, Ii, 600 Western Union.