The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-10
FINANCIAL AND COMMERCIAL.
MONEY AND STICKS.



HBw YORK. April a-koney-On call contin-
mes eazy At per cent. Closing at per eenL
Prime Mercantile Psper-495 per can't.
Bar 5ilver-Unehanged st l o61s-
Foreign Exchange-Is quiet and steady; actual
business is done al sSs54g4s654.
Government Bonds-Are quiet and quotations
unchanged. except for per cents, which are up
= per cent.
State securisies-Are quiet. and Alabamas gen.
orally ,hsde lower. Others steady.
The railroad bond market was strong and the
business pretty well distributed. The total
sales were sl,569.o0'. but OF this Erie seconds,
new. contributed $1,000 leaving $780, coo for The
remainder of the issues traded In. Prices are
generally higher.
1he stock market opened strong and excited
this morning on the European war news, and In
the early dealings there was a rush By the shorts
to cover First prices were generally from \
TO per cent. higher than the closing quota
lions last evening, and further gain
hour This was followed by slight reaction and
some hesitation. the Vsnderbilts and Pacific Mail
showing the greatest weakness, while the Changers
remained strong. The street was very much puz-
zlec over the somewhat conflicting reports from
London. which showed that the British and
Russian conkos we're very weak, while the gov
eInOrs Of tee Bank OF England. who met 10 day,
failed to make any change In the rate of discount
II was claimed that If the situation was In fact
serious. one OF the first ects OF tue governors
would be 10 increase tee discount rates, out
again't this gas Tue admitted fact OF the heavy
decline Ia The British Government s. urities
win a. advance at the same tiuae of the better
clats OF American securities
he only potent influence thrOughought the
day on the market was the news that was received
from Europe re- ardiDg the prospects OF war. aud
as this news continued 10 indicate the prOoaoii-
ties that a Gee aTatioa OF war was inevitable
prices rallied soon after midday and continued
stocks.
The total sales for the day were Ss7.4n shares
todsy's business seven stocks m0nopolized 70 per
cent, In the order named-NorIhwestern, Pacific
Mail. ST. Paul, Lake Shore, Lackawsnna, New
YORK Central and Union Pacific.
Prices this evening are within small fraction
oil The highest OF the dsy, as rule, and generally
yesterday, nos sfnae stock on the active iiss
showing decline. Later ia the afternoon theirs
were rumors that the Bank OF England had
changed the rate OF discount ana also that for
NAL declaration oil war between England aud
Russia had been made. The argument of tae
stree is that declaration OF war viii cut ii grain
petroleum and other supplies from Russian ports,
which mnst thereafter be obtained largely ir0R
this country, aud that conservative investors will
ia preference 10 those OF a country enga ed IN
war.
New York Central opened up ~ per cant at
ss5s ard III the early desI'ngs iodcne1 90 bat
SOTO down 10 S9% regular way and IS for sky
Days. Lake shore sympathized with the move.
which Il declined 70 So. and rose closing at CO..
but Ia per cent higher than yesterday Tue
point was very freely circulated that the CHANGERS
would be among the trst 10 feel the effects OF
Improvement following an European war, aad
Northwestern. whieh opened Il PEI cent higher.
a %, was strong during most 0. tns day, selling at
961s, and in the last hour 10 declined 10 81. bit
closed at 90 gain Of Ia per cent St. Pail is
- per cent nlgner at ~ after opening with
advance OF 5 per rent, AZ co.. ana selling as hisn
IS IL Tactic Nail sold first az 81.
declined during the afternoon to sos
and then advanced steadily to 52%. aud closed
"a per cent higher at 52ls. L iiOn Pacific sh VS.
a gain of - per cent a. 45ss after selling a. hiSh
Is AS Central Pacific IS up 4 per cent az 81.
the higsest price o. the day. Northern Pacific
common gained Is per cent at l7's, and the Pee
feIred L. az &C.. Lackaganna il ~ per cent.
higher at los. which is within = of Tue highest
price reached Western Union rose 10 575s aud
closed rs per cent higher at 57%k Chicago, Blr
lington anc Quinc7 is M 23s per cent. st So.
Missouri Pacific Al 955s Louisville and Nasbvt
rs at 3l76, Delaware and HndsOn Ia a. S05.. New
Jersey Central Ia at S54, and Oregon aud trans
continental q at Il.
TtTansActions to-day $4,000 shares. of which
"a Oo0 were Lsckswanna, 40 COO Lake Shore 5000
Northwestern. 1850 New jersey Central. % coo New
York Central. 1900 Pacific MAIL AZ. eco st. Paul,
2s.0o0 Uuion Pacific. 10 COO Western Tn on. ana
- eco Northern Pacific.
The market closed with the fOll0vTiuV nrioaS hid.