The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-08
FINANCIAL lind COMMERCIAL.
EeNEY AND STOCKS.

New York FfnanetaI Market.
NEW YORK. May 7.-honey-On call easy al 70
per cent.
Prime Mercantile PapeT-z95 per cant.
Foreign Excnange-So business doing.
Government Bones-Dull and unchanged In
quotations. excep. an advance Of 4 per cent in
tie currency IS OF 1895.
State bonds have been neglected by all The TX
changes
Tie STOCK market was firm ct the opening, ana
the prices were generally a small fraction higher
than they closed last night, but me VanderOi.ts
were an exception TO this rule. and break In
New York Central and Lake Shore occurred i'm
"a 6iaiely after TIE opening. The Gould STOCKS
were well supported throughout the day. but the
grsneers and the vanderbslts made important de.
elires. the total decline 10 New YORK Central from
the closing psfCe lsst evening amounting to 25s
per cent, while Lake shore fell 81 per cent. The
rest Of the list yielded average OF ! per cent,
and, with fsir amount OF business, the market
continued weak until after O'Clock, when the de-
cline was checked and moderate rally follow q,
the market finally closing steady midway between
the highest and lowest quotations, and at prices
which are for the most active stocks q TO IA per
cent. lower than they closed last evening New
ork Central was an exception, making a net loss
OF 21s per cent; Lake Shore Is down IL. Michigan
CcntIal "a, St Paul = Southwestern and LacSa-
wannS edc1 -. Consolidated Gas and Rock Island
each IL, Omaha common end the preferred -
per cent. and the less active stocks generally for
smaller fractions Erie showed gain OF q per
cent and Pacific Mail, Oregon NavizatiOn. Mis-
sour, Kansas and Texas ana Texas Pacific are IN
Changed. Canada Southern developed ex eep-
tionsi weakness, selling down from a 10 %, aud
ralying to 3 on total sales Of l,0l9 snares.
The afternoon was well supplied with sensa-
tiOnal rumors affecting the financial standing OF
some OF the prominent houses on th9 street. out
they COuld not be verified, and were probably
only another device of the enemies OF the believ-
eTe IN higher quotations. The impression prevails
quite generally that the railroad war in me West
l. largely the outgrowth of q desire the psrt or
certain officials of the roads to force down prices
aud an immediate settlement theref T. The
tatsl sales to-day were 259.759 shares,
IL $50 seares more than yesterday bat three stocks
to-day, New York Central, LAKE shore and ST. Paul,
the Gays business; while the Gould stocks were
strong they were very quiet
The railway bond market has Oeen less active to-
day. the total sales being OILY S9240o0 aGeerease
were the Erie seconds, new West shore hrsts. Den
Yer ard Rio Grande Western frsts and Missouri
Pacific ConsCls. Prices are irreeG lar this evening
compared with last previous Gales Among the
GdVgnces Chesapeake aud 1hiO 6s series b,c1EpOa
on are up 3 al 81 4, aud = for the same bonds
coupon of 81. Paul and sioux City nrsts = AT
1885,; cleveland and Toledo. new bends, = AZ l03;
Louisville and Nashville. New Orleans aud NOBLE
Brsis, at G5; Fort Worth and Denver nrsts. = at
W. and Long Island nrStS, cOnsOl, "a a. l07. The
declines include the Central Iowa hrsts, cJuD0n.
i al 50; Canada SoutaeTn hrsts, guaranteed. a ct
sc: East Tennessee, NiTx1nla aud Georgia S0nsOD
Gated SIS, = 1T &c; Louisville New Orleans aud
exas frSts. 81 at %; Union Paedc frsts. y az
Jls1a; Kansas Pacific hIsts. consol, q n 90 90
LOUIS and san Francisco s.eoncs, Class A, Pa st
IS = 81 5l12, and Western Onion a.. registered,
"a at ITO.