The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-28

Ne% York rfnanciaI Market.
EEa Y0RK. May 27.-Money-on call easy at
Per cent
Prime Mercantile Psper-4e5 rer cent.
Foreign Exchange-Uncnanged.
The total sales OF stocks to-day were s7.07s
shares, including Delaware. Lackawanna and West
ern, 1900: Northwestern. Il 05o; New York Gen.
tral, Il 545; ST. Paul, l2.Si5 Texas Pacific. $3.50
Union Pacific, 9. $50; Western Union. 1910.
In the Govern nent bond market the per cents
were stIC1g and showed slight advance on
moderate business. Others dull ana unchanged.
There were no sales of State bonds.
There continues 10 be good business demand
IN Railway bonds aud prices this evening are in a
pnajorsty OF cases shade higher than Yesterday.
TIE changes are however. only for small frac-
tom. The feature OF the market was very large
aradipg In E1ie seconds consols, accom- panied by
a further decline in prices The sales
of these bonds. during the forenoon alone. were
over 81. coo co., and for the day sl799 006, during
which the price fell to AZ and closed at
AZ, decline from Yesterday Of IL. Tina. gen
eral impression Is that there have been some
heavy sales oil these bonds during the past two or
three days py old investment holders. Toe total
ssss were 1850 Day oy DAY the s.1 s1sss arFe Re-
days total sales only 81 o01 shares. and 10
single stock did the transactions exceed $4,000
shares. The market was absolutely featureleSs all
day. At the opening there was decline OF
small traction which was soon checked and then
llc mdTket became Gull ana tLcaOy duu 30 cOu-
tinued throughout the remainder OF the day.
The listless character OF the market is ted
by the statement that the extreme fluctuations
were in most cases only from a to y per cent. TIE
market finally closed steady AZ to n below tue
closing prices yesterday, the average losses being
shade greater than yestePd ay's gains 1t Is estl
mated by the friends OF the Pacific Mail that the
earnings for the present year will be about 10 per
cent on the stock The friends of the Union Pa
cifc are claiming ia. day, that the surplus earn
ings of that company for the present year will
amount to s4C00,O00. and that the company will
be able to pay of the floating deb. by the lst of
January next without resorting to toe sale of any
more bonds thus iniimating that the scheme OF
selling enough OF the bonds in the Treasury to
pay the floating debt may be abandoned.
Additional to this, they estimate that the land
sales will enable the company to retire during
the year as much as $1,000 000 bonds. The most
active stocks were Lackawsnns. ST. Paul, New
York Central, Northwestern. Union Pacific, West
ern Union and Texas Pacific in the oVcer named.
There hssrecenty been considerable Strength de-
veloped IN Texas Pacific on increased trading. the
stock selling fraction above IL, but il closed to-
day with q loss OF a. Transactions in Missouri
Pacific were limited 20 900 shsres at gain OF a
per cent.
The Governing Committee OF the Stock Ex-
change to-day listed sl055.C00 OF the ct. Paul,
Minneapolis and Manitoba Railway Company 5
consolidated bonds. 5000 600 Louisville and
Nashville 10 40 &c. of 1924 100000 Manhattan
Railway Company second mortgage bonds. and
SET $50 second preferred stock OF the hesapeake
The market closed with the following prices bid: