The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-20
FINANCIAL AND COMMERCIAL
MONEY AND STOCKS.

ssw z,rz Tinaaoizi HsrE,s
SEw YORK. Feb. 19.-xoney-i az per cent;
{ osed 81 per cent.
Pm Mercantile Pspsr-sS5 per cent
government q aiei out steady. with quotations
unchsng, exc p. the 3 per csnts., wsich are \
Ter cent. lower.
state sec1riees-strong snd business fairy
active.
There was some improvement in business a
fle stock Exchange today, as shown b. the tots'
number Of shares traded in, which amounted g.
Esq. ~ shares gain oTer yesterday O. A,5)0
STA IS. But !; is still much below business for
me- zine psst not including yesterday. The
featare ~ t0-dsy's market was the strength aud
activity in Lake Shore ana the Gullness IN the
rcuerai list until late in the afternoon Prices ~
The opening we're about steady, but in early deal
iars he whole market declined fraction, led b.
the Northwest which dropped suddenly from
e8s< 70 81 on the publication Of the Official state
ment Of the earnings OF the second week AZ the
current month, which fell OF sos, ZOO as compared
with the corresponding week OF last year. The
weakness in this and other stocks. however, was
OF short Duration ana after 1850 the whole mar
ket became strong. After midday on limited
business there wes a tendency toward 10 ser
quotations, during which 81 Paul ana Missouri
Pacific each declined 1 per cent-the i0rner 20
from 9914 In the forenoon TO 975s. Shortly before
Z cloek he whole market, led o. Lake shore
took turn upward, again accompanied
movement there was no reaction.
n most cases the highest prices were reached at
Just before the close OF the board Lake shore
sold Sc COS and closed AZ 661{, gain OF rs per
ceat., WITH transactions amounting % At,tOJ
shares, the largest business done IN any one s0cs
There was repetition OF the report to-day that
James r. Keene Is At the bottom OF the movement
IN this stock, and that he is backed By strong capt
talists. New York Central. as associate stock,
synpathizsd with the advance in Lake Shore aud
Osed within q Of the highest price OF the day
st So 4, an advance OF - per cent. Northern Pa.
life developed early strength and later il became
known that the monthly meeting Of directors was
in session here but nothing was known on the
street what was being done until after the
market closed. Even then each member Of
bCSsd maintained the proi0undest secrecy
answering al inquiries by the statement that they
are pledged 10 divuiee nothing. IL was learned,
however. and subsequently admitted by Presid dent
Harris, that al first mortgage bonds which the
combsny had for sale had been sold. Mr. Harris
said that 10 ratification Of sale was necessary and
the company had the money. Said bonds were
taken o. the syndicate at par, and interest Ine
Chicago anc North western was only able 10 hold
It's own. snd closed unchanged at 80 and st.
Paul . = per cent at 12ls Manhattaa consOl
was u per cent. higher Other changes were
for small fractions. but IN nearly every case they
show gains. The market closed steady.
The railroad bond market was more active tlau
fer several days and with few exceD ttOns prices
are hisher the advance in some cases being i'm
Trading was we'll distributed, sales for large
amounts being confined 20 Erie seconds, new,
S7is, after selling down 70 &c. Northern Pacific
coupon rsts rose early from 1882 TO l05, but de-
clined in the afternoon 70 1914, making a net
celved their usual attention, ana cOns0S CONVEX.
tOle bonds are Up per cent. A. >, o. which q ISIS
are ISIS and seconds Al % each showing gals 81
per cent Past Tennessee. Virginia aud Georgia
income rose "a 20 ~, ana cOasol ives 10 per cent
Louisville ana Nashville, New Orleans and NJ g.
bile Division. hrsts gained per at 50. o. the
Missouri Kansas and Texas issues general mort
tves l3s higher az So, and cOnsol seTeus
- higher ~ lOits. Among bonds showing an al.
vance OF per cent. are Ore on Franscontinen tai
hrsts a. CT: Ohio snd Mississippi seconds. ~ no.
Ricnmold and Danvi.le debentures, At 60; 81.
Paul, MINNEAPOLIS aDG Manitoba firsts DAKOTA eX-
tension. ~ III ST. Louis and Iron Mountain,
- 70 and Fulton brsts, at 1857. and New Jersey
Central drst cOnsOl assented coupon OF, 81 %.
Nickeplate lSts gained IT per cent, at $50,
and New York and New England frsts made al
= equal advance, 20 l0114 Among the few bonds
hat are lower, St L1uis ana Iron Mountain 5
show q loss OF per cent, NJ 20 Gull. Colorado
ntd santa Fe drsts, T. per cent, at -; Houston
auc Texas Central seconds main line. per cent,
at 79 and Indiana, Bloomington and Western
fls;, 81 per eept.. AZ ~ International ana
Great Northern 6's are alsO down / per cent ,
-.
Transactions on stock Exchange aggregated
"a 600 shares, OF which y. 900 were Lackawanua
1000 Lake shore; 10000 Louisville aud Nashville:
1900 Northwestern Is 900 New York Central;
n 600 ST. Paul. 1000 Union Pacific 1900 Western
Union.
GOVERNMENT SECURITIES.