The Indiana State sentinel., 1885-07-29
FINANCE AND TRADE.
MONEY AND STOCKS.
New York Financial Market.

NEW YORK, July 27.-Money-On call easy at
Ia per cent.
Prime Mercantile Paper-4@5.
Foreign Exchange-Quiet at 4s5 for sixty days
and 1861 for demand.
The total sales of stocks to-day were 3f5,2si
shares, including Delaware, Lackawanna and
Western, ., so; Kansas and Texas 7,460; Louis
vile and Nashville, 1885; Lake Shore, 1929;
Northwestern, 25,57s New Jersey Central, $500;
New York Central, 1880; Pacific Nail, 800;
St. Paul, GS.679; Union Pacific 66,9G0; Western
Union, 1886; Northern Pacific preferred, 1850;
Oregon Transcontinental, 5.595.
Government bonds have been dull and strong.
State bonds have been dun and steady.
The railway bond market has again been dull
to-day, with the exception of West Shore frsts,
the transactions in which were 81 l,Ol4,OO0. The
bonds were heavy at the opening at 425s but late
in the day. on reports of settlement with the New
York Central. to -, but closed finally at l5s
leaving s66S 900 to De divided among other issues.
In many eases prices are lower, but the declines
are generally for only fractional amounts
The stock market has been moderately active to-
day, the total sales amounting to 345,2A shares,
but stocks with sales ranging from p 400 to
6S 200 shares each, contributed nearly 50 per cent.
of the days business. The most active stocks, in
tse order mentioned, were II. Paul, Union Pa
citic, Lake shore, New York Central, Western
Union, Lackawanna and Northwestern. At the
opening prices were weak, and in the early deal
ings there were further declines in some stocks,
notably Lackawanna Union Pacific and
New Jersey Central, while the Wander
bilts and Northwestern were prominent
for their strength. There wds a
reaction in the general list, followed by another
decline, and then in the last hour by decided
upward movement which for some stocks was
maintained to the end. The result of the day 5
operations is net advance of Il : for New York
Central. 15s for Lake Shore and Louisville and
Nashville, and - for LackawannG, while Others
rose less than l per cent a decline in Western
Union of =, Union Pacific y. st. Paul y. Michi-
gan Central y and Omaha preferred 2l4. c., b.
tionally feverish all day. After opening Is lower
at 90, it declined quickly 10 9S4, raj
lied TO g91Z, sold again at 9S54 and then
back 10 991s in the first hour. In the afternoon,
before o'clock, il was comparatively quiet, but
sold from 80 down TO % and back to 9S54. Soon
after O'Clock il jumped without any intervening
sales from 9S7s to l00 broke quickly again TO 9g4
decidedly strong, closing at the highest price
OF the day, 1907. Union Pacific = lower al
the opening, 4G54 sold down TO 49, and back TO
IG5S and after midday reached its lowest price A.
In the last hour il sold from 46 4J back l6i
and again at III, and then up 10 472 closing at 46
Lake Shore strong nearly all day, touching
its lowest point slight reaction in the after
and closing = lower at 90. Northwestern also
notably strong in the forenoon, selling up l5S pei
cent, but ii declined q per cent after midday
most OF which was recovered in the last hour Ii
was known shortly before o'clock that one of the
leading banking houses had sent circular TO the
holders of West Shore bonds, making a proposal
for the lease of the West Shore TO the New York
Central. and this may have had some effect upon
the strength displayed late in the day.
folnc f1rf -.