The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-11-25
FINANCE AND TRADE.
MONEY AND STOCKS.

INV YORK, Nov. 23.-Money-Nost OF the loans
of money on cali were made at 21x@3 per cent,
but there was squirt TO per cent, Blessings at "a
per cent.
Prime mercantile paper. 41E@51S per cent
Foreign exchange dull at 1925 for sixty days,
and 4s41S for demand.
The total sales of stock to-day were 769,s25
shares, including Canada Southern, 6.275; Della
ware. Lsckawanna and Western, 1852; Erie,
4s.446; Kansas and Texas, 57,175; Lake Shore,
10000 Louisville and Nashville 10000; Lake Erie
and Western. 1000; Northwestern, 1850; New
Jersey Central, l6.7S5: New York Central, S9,S24;
Northern Pacific. $40; Pacific Mail. 2e.se9;
Reading 6,2l0; ST. Paul. l24.lS0; Texas Pacific,
1915: Union Pacific, 29.150; Western Union,
A., 9OO Northern Pacific preferred, 29,175; Oregon
Transconunental $50.
Government bonds were dull and steady.
State bonds were dull and weak.
There was no abatement Of the activity in rail-
way bonds but the business was less widely dis
tributed. The sales amounted TO S4,9oO00. OF
this sum, Erie second consOls contributed SIPS,
OOO For the first time in weeks past prices are
generally lower. Erie seconds lost 1 :. The most
Important break in the stock market that has oc-
CURED since the upward movement began last
summer occurred to-day. II is important, both
on account of the heavy decline for some of the
most active shares amounting to PAS per cent,
aud because il has come after one of the most re-
markable advances in quotations ever made in
Wall street I'm the same length of time. This morn
ing London quotations, published just before the
opening OF the Exchange, showed a decline OF
nearly per cent. I'm the leading American
market. First prices here were generally from =
To - per cent. lower than the closing quotations
OF Saturday. The greatest weakness was exhib-
tied i'm Jersey Central. Lackawanna and Reading.
The early dealings developed persistent selling.
Before midday most of the active list fell from
y to over > per cent. lower than at the opening.
AfteTward, however. there was a partial recovery
from lowest figures by u o'clock, but this was fol-
lowed by another downward movement that con-
tinued IOT nearly an hour. II was either at this
time or during the morning break that the lowest
prices OF the day were made. The dealings as
compared with saturdays closing, amounting in
the case of Lake shore TO "a per cent.
New York Central and Jersey Central each 81
per cent. ana Lackawanna. Is. and other smaller
amounts, except some OF the lower-priced stocks
that have recently sprung into prominence, and
that suffer materially in the reaction. Later in
the day hrmer tone was impaired and material
advances were established before O'Clock. The
confirmation OF the rumors about an injunction
against the New York Central, however, which
was published late in the day, gave TO the closing
OF the market feverish. unsettled, ana generally
weak tone. The result OF the days opera
ing for the active list between small
| fractions and u per. cent with Lake shore
| down ~ ST. Paul IL, New York Central, Erie
Union Pacific Northern Pacific preferred and Pa
cfc Mail rs, Louisville and Nashville. Ia, Mis-
sour racine ana others less than per cent
Missouri, Kansas and Texas, which led in the
carry pIeah OH Ha.uIua!, va ConsplCuous lor ~ y
failure to follow the general market to-day. Ii
was = lower at the opening, but few sales were
made below the opening, and IL closed at a net
advance OF > per cent. Denver and Rio Grande
is up -. such stocks as Omaha common and Or
egOn Transcontinental show losses of only small
fraction. ST. Paul was extremely active the sales
amounting to 17i,la0 shares, during which il
broke IRON 9jlgg9J5s to $50, sold later at
94'i and again at 945s. and during the last
hour was about steady at a little above 81.
closing at 81. Northwestern only ~ per cent
lower. Lake shore sold in the forenoon from
S6f 81, rallied TO So :. and again broke to S2tz
II was frmer in the last hour selling up to S5ls
but became very feveriSh i'm the final dealings
and closed at S4ts. with sales OF l09,SO0 shares.
The greatest weakness in New York Central wds
also developed in the afternoon. when il sold at
1O1 but later showed decided strength, advancing
to 1887 closing at 1895. The total reported sales
were 81 200 shares. II is announced that the bal
ance OF The oregon JIapscQntineptal loan has
been placed on very satisfactory terms III is un
derstoOd that collateral trust bonds bearing a
moderate rate OF interest have been issued, and
sold. IL i also stated that Oregon Railway and
Navigation will pay off the last of its floating
debt with the proceeds of the SlOOOOOO new IS
sold last week.