The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-07
FINANCIAL AND COMMERCIAL.
MONEY AND STOCKS.
x.v YORK rinano,aI sx.rks.

9sv York Financial sx.rksa
SET YORK Feb. 6.-Money-Easy St 19lk per
ceai.. closed offered at J.
Prime Mercantile Paper-495 per cent
Govenments-sirmer with an advance OF \ per
cent in quotations for coupon 41zs; other issues
unchanged.
STATE SecuTities-Dull.
The reaction IN the stock market yesterday
siternoon. as predicted, proved ONLY ephemeral.
Prices at the opening of the board this morning
were generally = 10 u per cent higher than they
closed the day BEFORE and during the forenoon
g. bstantial advances were made In most OF the
list Shortly after midday the bears made VIZ
crous attack on the general market. at the sa ne
'ime flooding the street with EumoTs, among
EN- that London was actively ENGAGED IA sellng
NrreviFan stocks, that New York Central h4I
Withdrawn from the railroad pool and that the
lcng talked of issue OF additional Lake shore
market. however, did not yield more than frac.
ton, and gave such convincing evidence of
l.seIleln that the bears forced To abandon
the fight after having added materially 10 their
short accounts As soon a. lhe pressure was re-
moved the market advanced on moderate pur-
Chases and closed finally with boom for the coal
stocks, while the remainder of the market was
strong with one or two exceptions. There con
unues 20 De an active borrowing demand for
Lackawanna at 1-3293.68 per cent. and New York
central loaned today at Lea per cent, and Ere
seconds. new, at l-s2 per cent. Business to-
Gay most widely different from that of yesterday
the total sales being shares of which 81 700
were Lackawsn na ST. Paul 80 6l5 and New jersey
central 70 20 shares and leaving less than lis 900
shares for he rest OF the list
A remarkable advance in New Jersey Central
from 3i1E to $50 gave rise 10 rene val OF rumors
circulated at different times this winter 10 the
effect that the Baltimore and Ohio had. or was
about TO, secure control OF majority stock COM
peny There was also talk to day about Jersey
Central passing under the management of tue
Pennsylvania Railroad or Delaware aud Hudson
Canal Company. New Jersey Central stock sold
NJ s21< Monday Al or Lackawanna touched the
highest price IL has reached since the heavy
break following the liquidation of s. V. White
The pool closed to-day within = per cent OF the
highest price, and lH per cent. higher than ye3-
terdsy. Delaware and Hudson went up Ia per
81. Paul each y per cent. at $50 aud 1917 respect
lively and nearly all Others on the active list
smaller fractions. Union Pacific was conspicuous
for its weakness on a statenent from Wasbin9ton
that the sixty year funding bill will be defeated
IL classed = per cent. lower at 49,. Persons
nection with the Missouri Pacific, which is Kept
profound secret, but which is expected to come
TO the surface within ten days and which is ex-
pected TO cause considerable advance in the D ice
OF STOCK; II is Is per cent higher to-day at J6H
There vas a large business again to-day in Erie
well distrfDu ed, but purchases were for small
amounts. On an official deRial OF some rumors
Erie seconds new, opened "a per cent higaer az
5219 and advanced in the aft moon to 53% clos
ing at 53A. The seyens consolidated gold were
advance OF per cent. I'm Richmond aud DanVile
debenture 6s to 5911. and 3 per cent in Houston
hrsts, western division, were unchanged at 80.
There was also on advaece of i par cent. in So.
Louis. Jacksonville and Chicago frsts to llS%
and Pennsylvania Railroad Company 81 per cent.
coupons to 9S. West Shore firsts were IA per cent
higher at Sis4, and New Jersey Central hrsts con.
vertible assented, per cent. at 90. Ohio Central
hrsis sold at So, declined ! per cent, aud there
was an equal decline in Atlantic and Pacific West
eTn division hrSts at 73H, and Louisville and
Ma hville general IS at IS. while New o.
leans and Mobile division bonds went down y per
cent. at 751<. East Tennessee consol IS are - per
cent lower at 461z. and incomes per cent his aer
At 10
Transactions. 900 shares: 1000 Lackawanua.
27,C00 Lake Shore. AGO Northwestern o 000 Ne&
jersey Central, 4C00 ST. Paul, 20 900 Union Pacific
and Is COO Western Union.