The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-05
yisANCIAL AND COMMERCIAL.
MONEY AND STOCKS.


Foreign Excnsnge-Dull, actual business being
done at 4ss 70. sixty days and As for short sight.
The sales OF sock to-day aggregated 295,z7l
shares. inducing the following: Delaware. Lack
awaAna and Western. s.. 80 shares; Delaware and
Hudson. 1900 shares; Erie. 1000 shares; Kansas
and Texas. eco shares Northwestern. 100 shares;
New York Central. 81 2oC shares; Pacific Mail. %,
600 shares: st. Paul. 80 $50 shares Union Pacific,
227O0 shares: Western Union, 800 shares; North
eTn Pacific preferred, 600 shares
= Government Bonds-Are unchanged in quota
tions except an advance IN the per cents 10
l0-Sz. There were sales OF the coupon as 81 l215s
slate Securities Have been Quiet.
TBis ras teen the most sc.ive day on the Stock
Exthsuge since the middle OF april. The total
were 295sfz shares. The market was weak
and more sctiye 81 the opening, and with the
oepgi0n OF s cheek ia the decline after the first
near. IL continued persistentlg weak. slowly de-
eifning tnTOugho the day. the hnal quotations
being generally very near the lowest figures
-eacntd. All me active stocks show very decided
declines. the prices tBis evening being rom TO
ptT cent. lower tnan they clos las. weeE- Inc
trading, however was confined principally 10
teven stocks, IN which the business ranged be
tseen o. 80 and p 90J shares aud the totai traus
senon IN which ssErega,ed 21',r
Gays business These snsres were Lscka EanHs
=. Paul. New YORK Central. Northwestern, Lake
Sbore. Union Pacific aud tactic Mail in the 0rier
Aned first prices this morniog we're from +, 10
y per cent lower than the closing qIOtftiOns On
Saturday.
amounted % as much a. - u ] per cent. The
.HrIy Decline was facilitated ny the EHropsaa
nevs, which Yves Of decidedly pe6ceiGi cnaracfer,
with an advance 81 per cent - Br ltisn eOnsols
from the prices prevailing last week whenever the
prospects of war were threatening. The dacliue
was checked alter the first hour and the market
became dull and frmer. But by midday IL was
again weak and without any sudden break It
sS Hs t6H Rac0 the afternoon sa Con-
siderable activity was displayed in
me last hour. during which TIE sales amounted to
trading. The belief on the street this evening is
that some OF the leading bear operators have been
bears claim that the bulls have Been stesdiiy IN.
loading. while there were damaging rumOrs
ailoat concerning speculative features
and this was equally tue OF the gTauseIs, unri
later in the afternoon, when they also yielded,
especially Pacific Mail which fell 10 So, aud closed
with a loss OF per cent, AZ 55h. Lake Snors is
down 3D. Michigan Central 3, Northwestern ana
York Cs ntral and Manhattan Consolidated each
Ia, 81. Paul Ia Union Pac ncend Reading eac1 =.
the remainder OF the sctive lists suow smaller
shows gain is Consolidated Gas. woich is no
per cent All the Erie securities were weak. and
the common STOCK shows a loss Of "a per cent
Among the early statements was one tnats k
ceIver 10 be appointed to-morrOw Tor the Erie
the company is having fight win the CdictsO
and Atlantic. The Erie extension 10 CncAgO. the
Interest on the fitst mortgage bonds 81 w1tea Wa
hot paid either November nor Nav !, the preseht
tAis inisrest was Illegal il Is beIiev ed tae chi
eaEO and Allan ic wilt sue the Erie Company. an
the statement is made mat the orgtu4l aRree.
lBeDt piedye o. the gross etrnins
of the Erie sbd ina New YORK. PennsFtv ara
and Onio gtne ola a. aud q. on all Dusin 5,
To ana rom the Chicago and Atlantic. The
smouuf 81 the bonds - S5.5e0 00I The bnii>
claim Ibis evening that all toe atse bear Operators
have been heavs sellers OF stock, throughout the
10y, nno mat me ,Dort insterost Is now so large
tat aDy movement on the part OF the bulls yOuta
cistn mat there Is very l.tLle long sock 10 De
shaken ont Dy the rOsd. which has been made Is
peeialIy curing the afternoon, but that the lead
ing butts are buying on a scale downward. f0era
were few sales 10 Gay Tor tna account, the iirst
trading I'm this way ON the New York Exchange.
The total in railroad bonds to-d'y show
active market. the sales amounting
10 Sl,SI,0OO an increase over saturdavs
onds alone were 81 20 600 leaving onlv e5s4 CIO
for the remainder OF the list traded in. There
no special activity ia sny OF the other konds. ex
West Shore firsIs the former OF which developed
some strength. The course OF the Erie seconds
quotations in stocks The bonds opened So
sold Immediately at 5314 and IL the afternoon fell
to 5lz at which they closed. Among the other
declines were the Atlantic and Pacific (western
Dlvisioni which are down y at Sly: Chesapeake
and Ohio IS series B.. at IS; East Ten
= AT 4f1k Erie frsts consol at 49,; Galveston,
Harrisburg and san Antonio western Divlson)
hrsts. y at 90: Louisville and Nashville New Or
leans and Mobiles 2s, y at 6s: Metropolitan Eie-
waited IS 1t $50: Michigan Central trsts.t at l2o:
Missouri. kansas and Texas general SIS, a. 5s1S:
West Shore 6rsts. at .. Northern Pacific gsaesal
Is registered. u at ~ Norfolk and Western
general 6s, = AT 10: Missouri Pacific SIS, a. at
lleia; Texas and Pacific income lsnd grant. =
At 5414: Texas and Rio Granue 6s coupon OF, AT
a. 81. Paul, Minneapolis and Manitoba Is, Dakota
extension, At 10 aud Rome, Ma erfown aud
0lGensburg income rs IA a. SO st Paul -,
Milwaukee aud Lacrosse division are up "a
a Ugh. Lackawhnna IS = At l3S' Delaware and
Hudson Cana hrsts. registered. p, a. is Louis-
viiis New Albany ard CHICAGO frsts ~ 90. New
York central and Hudson iirsts registered, - st
80. Southern Pacific of Ca'itornia irsts 4 g,1z
- Paul. NJ. aud NJ. hTsts x atll2 Oni1n PScin
hfsts ere unchange4 at l1454 t Is ststsf that The
company is preparing te sell about si0J),0O0 OF
the bonds which il holds in toe treasury. with
which II will paw of the net floating debt and re-
sumo dividends in July; also that the company Is
earning more than per cent. on its stock. and
the outlook Is very promising for a large business
this year.
The market closed with the following prices bid