The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-27
~rlFANIALAED COMMERCIAL
MONEY N STOCKS.


New York Financial Market.
EEW YORK. March 25.-Koney-1sIx per cent
closed 81 ] per cent.
Prime Mercantile Psper-95 per cent.
Government Bonds Strong and quiet; e Der
cent. higher for ~ and AS; 4 per cent higher
for s..
Runway Pouds-x.rke. fairly active with large
sales of West Shore EEsts snd Nickel Plate 1Tsts,
and a fair trading for small amounts In many
other issues. Prices are irregular. The total
sales we're 5000 an increase over yesterday OF
262, COO, but of to-dey's business Lake Shore
monopolized s5ll. 600: Nickel Plate arsts. s205,OO0.
and Erie seconds, new, $500. leaving s41S.o00 for
the remainder.
State securiies-D and steady.
EThe stock market was feverish and somewhat
more active to-day, yielding readily 10 the in-
growing Impression that many OF the runors cir
culated on Well street r~egsrding trouble between
England and Russia never issue out from the dash
venient distance OF the Stock Exchange. This
was maniiestly the case yesterday,
of to-dsv.s rumors. esnwhile what is
known as "milking process" is being applied to the
market vigorously, and prices 90 down and up
again l or 2 per cent. very much 10 suit the wishes
OF manipulators. WHISTLER in the end they will
be gamers or losers by the process is another ques-
ton. Conservative hnanciers insist that the first
effect OF actual war between England and Russia
would be to bring stocks and other securities from
abroad TO this country, 10 De S0l0 mere, instead OF
its being bull argument. es IL has been used for
the past two days. Leading commission houses
complain of very dull business from outside oper-
at0Ts. thus confirming the impression that a large
percentage of the purchases and sales, as reported
IRON day to day, are for account mauipula,0rs.
Such manipulation always results in driving legit-
Innate operators away from the market, and fears
are expressed that IL the operations OF the past ten
days are continued much longer. they will be iol-
lowed By an extremely duh stock market, which
is such a terror to brokers who depend upon COM
missions for a living.
In early dealings this morning. prices were
strong. but the market was quiet. After an adj
vance of a to = Iercznt., which took place early
in the day, reports OF a peaceaole char
acter from Europe led TO a decided
break in prices. but business in the forenoon was
light. After midday tbs re was a renewal OF the
TnmOrs regarding European difficulties. including
one that the reserves and militia had been called
oct by the British Government, and this was fol-
lowed by increased activity and an sdYa &c IN
prices. the upward movement being pretty well
maintained in most cases until the close oil the
board. The market closed strong 81 about the
beet prices for most Of the list. A state 7ent
comes from inside sources that cary steps will be
taken to place the NewJeTsey Centralin the hands
of a receiver.
Transactions on stock Exchange aggregated
2s5 900 shares, OF which 11,00J were Lackawanna.
10000 Lake Shore. 10000 New YORK Central, $40 70
Northwestern, 10. 0O0 New Jersey Central, S6.000
Pacific Mail, 10000 st. Paul, p ,0S0 Union Pa
cifc. and 5000 IVES eTn Union.
Mining StocKs-Market continues quiet; Central
Arizona sold at 800, Consolidated Pacific at 6696t:
Gold Stripe. OF: Lacrosse, 10. Plymouth. 10 {;
Oriental and Miller, II