The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-28

NEW YORK, Feb. z7.-noney-Essy II ~ per
cent.
Prime Mercantile Paper-s95 per cent.
aoyeFnmens-wesk and quiei, with The ercep'
ton OF negotiated ~ per cents. which are =
! sr cent. lower a iiisS
state bonds Unchanged. except North Caro-
ina special tax bonds aud south Carolina non.
iundable. which are lover
Business 10 say was quiet. Various disqulet.
ing fumofs were ia circulation on Wall street by
ne tine for the opening Of the stock Exchange
this moruing-fumofs made for the past day or
two--that Que OF the National Banks OF this city
vas In trouble. and The statements finally took
sufficiently deanhe form 10 locate the bank.
There wa also good deal said about the failure
Of the silver bill IA The House yesterday. ana an
unsettled condition OF affairs generally was pre-
dleted on that account Stories about Erie's
troubles were renewed. A. TO these ri
moff q is proper 20 say that the
reports In regard 10 the bank were emphaticaliy
aud IN equiyoCally denied by some OF It's officers
ana directors. The reports IN regard 10 Erie are
mel ner confirmed or enied,
IL Z stock market was again weak at the open
ing and, with the exception OF a moderate reac-
ton IN the forenoon. was weak ana declining all
day. After the remarkable strength splayed IN
the inat usaslnss ln IacKawanua. yesterday, the
stock opened ibis morning IA per cent lover,
aud In the tint fifteen minutes declined another
I Impresion rabidiv spread through rne 6oafd
that the support had been Withdrawn ircm this
STOCK, bot altar touching the price mentioned, u
rallied IA toe forenoon 70 itl5s. ana remained
comparatively steady until nearly inland then
penistenuy declined until 10 sold A. l0lh. From
TINS point there was final rally 10 1919 and a
decline TO 102 at which ~ closed, ct less o. pa
TIE course OF LackaIanua, in which the trading
amounted 10 H,SL9 shares. Indicates the general
drift 81 the market throughout the day. In early
transactions 81 Paul was also pressed for sale aud
declined from 53l TO Us; rallied 10 731, and late
covered - clio ing at 5ls{ with a decline of ~
Northwest fell from 063s 10 %, and closed at 9iis
loss ~. The total sales of these three
Than 80 per cent OF the day 5
business. The reports circulated early in
SS,e eT and before he day was over il WAS
stated that the board had already acted, and the
dividend had been passed Later the rumor was
annual meeting OF the company Tor declaring q
dividend would not be held until next month.
would then De done D9t stock was extremely ~ sy
weak ell day, preferred declining from ~ TO 80,
snd closing a. SC5z. loss from yesterdays closing
uriee OF ~ Common IS per cent lower at 25H.
There wa active trading in New YORK Central aud
Lake shore. and the latter fell IN the
ailtr Don TO ga aud closed At GoE.
CentraI IS down &c o. after selling
at s25s; net loss. IA per cent On small transac.
tous delaware anO hudson wss also down Ia at
5s5f. After selling AZ IS, Northern Pacific STOCK
shows loss OF IA a. a7M for common, aud at
per cent. Louisville aud Nashville was an excep-
ton to the general rule. and on active trading
shows an advance II Is at 3l54, although Il sold
down to S0Js and COS, and as hign as 33I Nan.
ma tan Consolidated was no u At ~ on light dc il-
ms. Total sales OF STOCK 10 day 4I6.s7l shares,
an increase ever yesterday OF Sc, 500 shares rhere
was well distributed business for small amounts
in railway bonds today aud more active spec
ulatlCn than for some time pas In
Ere seconds, new, which, following the unlsvOr
able Tumors rs 10 the financial condition Of the
company after opening ~ 81 and selling a. 5fl 4
the moTnine, steadily declined in the forenoon
until the price reached sc from which there vas
a reaction 10 J6S<, at winch they closed In h-
reeulaT way with a subsequent sale at IS seller
thirty days: net decline, y. West Shore hrsts
were = lower at SO, after opening 81 S6x aud
Nickei Plate frsts show q decline OF Ia at 9lts
selling during the day between 9lt< aud ~ 4
The prices for other issues are irregular.
Transactions on SOCK Exchange eggrey gated
4z7.COO shares, of which 5000 were LacKawsuna
I2ooO Kansas and Texas, 5000 Lake shore, 81 00i
Louisville and Nashville. 1000 Missouri Pacific
1900 Northwestern. "A. 900 New York Central, ~,
eco q. Paul, 1900 Western Union.
The mining market was quiet during the fore
noon. sales footing up 300. Alice sold st %
Rulwer at IS, B0die, 25l seller 10. Consolidate
Pacific at SSRS9, Consolidated California and Viz
gInia AT 40. Horn silver az iS591s0, and STANDARD
Al IS.
sovRRNNyNT sBcURITIM.