The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-15
FINANCIAL AND COMMERCIAL.
HONEY AND EreCKS.

New York Financial Market.
NEW YORK. May 14.-Money-on call cay at
per cent
Prime Mercantile Paper-495 Der cant
Foreign Excbange-Quiet at 1867 for sixty days.
and 4sssz fer short sight.
The total sales OF stocks to-day were 247,lS6
shares, including Delaware. Lackawanna and
Western. ss. go; Lake shore. lA.60l; Northwest
erp. rs 0co; Louisville and Nashville, 1920; New
York Central n, 900; st. Paul, q 600; Union Pa
eifc, 10. SEQ: Western Union. $500; Oregon and
Transcontinentsl $500.
Government bonds are unchanged in quotations
except decline OF "a in the Is and the coupon
4f. and an advance OF g, in the coupon "a per
cents There were sales OF the coupon IS a. l2l54
and the SIS at 1o3.
State bonds are quiet and quotations generally
firm, except decline OF per cent. in the Ala
bsmas, and an advance of to 2 per cent in the
Michigan Issues and Virginia IS ex-narured eou-
pons. There was sale OF North Carolina con-
The feature OF to days stock market
has been the heavy trading in Lscxa
price during tne moG1ine followed isssr bys
rally in which about one-hslf of It's loss
sass and The whs Il t1s aTk
TO a certain degree with the movement IN l.seKa-
wanna the fluctuations were within q much mar
rover range, and with the exception of the morn
ing break. prices steady TO strong all day.
The course of Lackawanna this morntng ed
msny peraons to suspect that the hresE il prices
was a bold stroke made by tie bulls 10 iucre lse
mort interests prior TO another squeeze. fats
view OF the matter was In some meas Ire INDIRECTLY
con irmed during the afternoon by the course OF
the price of the stock. During the last hour aud
a half the whole list responded to the upward
movement. and prices advanced slowly but
steadily TO the close OF the board Toe result of
the days operations shows gaiu OF small frlc-
tor, senesslly 3 to per cent for most Of active
which there was unusual activity, is I'D
Ia. OREGON Railway 1. and Consolidated
Gas. at s71z. while Lackawanna. Delaware and
Hudson. and Central OF New Jersey are lower.
The news received from the West during the day
in regard to the meetings that are being held at
Chicago TO settle the differences between the rail-
roads leading west from that city. was unimpor-
sant. except that which confirmed the previous
statement that an adjustment of differences had
been practically reached; the work of committees
being now only one cf detail. The total sales
were 247,i42 shares, of which Lackawsnna alone
contributed nearly 5000, and Northwestern. ST.
Paul. New York Central, Lake Shore and Union
Pac: &c together furnished many more. leaving
less than 10000 shares to De divided between the
rest OF the list. Lackawsnla was weak at the
opening, showing decline of =, at 10l and after
slight rally, when it sold at 1914 when it broke
lapioly TO 9sss These were the two extreme
bricss OF the day before noon Il had rallied
10 n traction above par, ana win the exception
confined between 100 and 1905 until after
Up II. Between that and p IN. there were pur
cbssss Of 81 shares under the rule for non de-
to~o6ed ioi under the rule and did not go below
1907 and closed finally a, 1907, a loss of "a per
cent. The other coal stocks were weak ia sym
patty with Lsckawapua, but were quiet, and
Delaware and Hudson shows loss this eveaiug Of
81 per cent and Central. OF New JsrseT, OF * per
cent. New Jersey Central was also quite weak in
the morning. declining to SIS but II rallied late
In the day $50. and finally closed unchanged.
Lake shore continued firm. with the exception OF
few sales at traction above the magic f cure %.
The railroad bond market continues active aud
prices generally very well maintained Tle
break in the ttocz market this moraing hal no
perceptinle effect npon ths prices of TIE better
class of bonds although the largest trading OF The
day was in Erie seconds new. Tie business was
unusually we'll Distributed Prices this evening
generally higher, compared with the last
previous sales.