The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-16
FlRANaAL And COMMERCIAL
HONEY AND STOCKS.
Ner York riusac.aI aaarns..


Prime Mercantile PapcE-fes5 per cent.
Bar silver-l07if.
Foreign Exchsnge-Is quiet at unchanged gao
ta;ions. &C ual business was done az 4s5if8is7z.
Sale OF stocks today aggregated s55.4ss shares.
frcluding the following: Dela ware. Lackawanas
and Western. 1890: Kansas and Texas. l20J0;
Lake Shore. 2s.oOe. Northwestern. 1900; New
jersey Cenusi. 6.to9 New Ys-k Central, 1900.
Pacific Nail Is OcG. s.. Psui. 3I40oi Union PAcidc.
-, so. end Western Onion, 1900.
Government Bonds are quiet and quotations
uncnans ed, except an advance o. = per cent
Tor tie A..
safe securitles-yery dali and In sone cases
quotations are a shade lower.
Railroad Bonds have been active and strong In
most cases
To-da5's stock market has been surprise to al
most everyone. The European war news this
morning Wa interpreted IS indicating a more
peaceful outlook. aud the prices at the opening
were ,. 70 = percent lower than they closed as.
evening: and in the early dealings further irac-
tionsl declines we're made. but this was followed
after the first fifteen minutes by reaction in
which the Union Pacific and Pacific Mail took the
lead, and from that time until the close the m5r-
ket was strong and unusually active as compared
with the business OF late. Al first there were ~
1nors Of a favorable character regarding Union Pa
cifc's floating debt, but tie point which car
ried the day ives first the declaration
quarter by Inc Directors OF the Pacific Mail
steam hip Company, with the Official announce
ment that the company s earnings for the current
quarter were al tne rate OF - pes cent pr an
nun. and secondly, that resolution had been
adopted by the Pacific Mall board when Il was
believed would lead 10 ah amieable settlement OF
the differences between that company and the
Pacific railroads; thet resolution which was pre-
sented By Mr.. Gould and which vas unanimously
adopted provides that the Union aud Central
Pacific Railroads be requested to transfer the ousi
ness of their trans Pacific line (the Oriental and
Occidental between Francisco
China TO the Pacific Nail, and enter into con
frs ct with tie latter company for term of ten
yeaTs. guaranteeing The Pacific Mail against oppO-
sition in the China business, in consideration OF
which the Pacific Mall Company would enter tae
railroads between New YORK and san Fran
cisco. The resolution also provides that al
matters should he decided OY the commissioners
OF the lrsnEconuntn nal business, or sfbtTatton.
This was interpreted being extremely favorable,
not only 70 The Pacific Mail, out ssO 10 the Union
facinc na4l Comls aat the t~O st0ezs sieadliy
advanced throughout the dag, gaining ia edeh
cHse over I0rCeEt TIE lest o. Sic 1856 simply
followed III their wake. end hOpe OF tue ac,lve
list IS lover to-LIzat, rrd me advances Tor the
Other G0ulo STOCKS were over per cent
Iotsl ,~les amounted 20 S55 g97 shsrss, q gain
ov.T yesterday OF 195.oC0 shares. Or 10 days
business y Ter cent consisted OF transactions iu
T'nfor Psclfc Pacific Mail ard I.ackaWanna hi
mus, be remembered, hOTeN e., that Laekawan1s
= only What the street calls half stCck-par
value OF share IS only SO. instead of 500 thus
with toe other siOcSs, only - 90 instead of 4000
shares. the tOlals Of the eight mos active stocks
Toe hst Ysi1n P nSIi P&elae MAJ k ka
Western Union and Missouri, Kansas aud Texas,
aggregate 50 per cent OF the days business. aud OF
i ,Oso shares.
JhCTe were numerous Eumors circulated dur.
ing the DAY regarding the Union Pacidcs floating
DEBT, including one that the company mad
card 81 o-G COO Tor the purpose Of dscharging the
debt. President A6ams. OF the Union P6cfc.
tlatous thst tie company has been making In q
5ard 10 The foeting oeot had not been carried 70
point which anything could he made public.
He suggested. however, that an Obligation having
twfniy years 10 run might be much more deslfa-
be 10 ne company taan esll losn. snd also thar
Il was in the power Of the company 20 cancel Us
floating debt by the ssles OF securities held by it
lie faid the company had on hand IN casa aud
cash available sl50O COO and, that the floating
dent was never befo-e in as good cOndi .ioa since
he became President Union Pacin5 ssoCE opened
at 49,, and then persis!ent.y advanced
Between u and O'Clock it was strong and sold
up 10 49, but at tie latter hour selling a.
49,. TIE final dealings were accompanied b
further advance 70 IA, the price closing on
sisht reaction at AZ,
and in the remainder OF the day 70 60 closing
at SIS. gain OF per cent.
II was learned tbs evening that President
Adams, who left this afternoon for Boston agreed
before starting that be would issue tomorrow al
Official acceptance o. the terms as set forth ia
II Is also stated that the three Pacific Companies
interested have agreed to g proposal % eXteAd
present subsidy advancement 10 June. IN orcer 10
give ample uHe 4OE De 'llau5ul eesttttht
At O'Clock Western Union was steady 81 $50
In The last hour il was OF the strongest the
list and closed at the highest price OF the day 80
5s5S q gain OF u per CcE. Missouri Pacific is
also MP l - per cent a. 955s.
The Grsngers were prominent for their weak
ness at the opening, and IN the first hour touched
tie lowest prices that they have reached this
week st. Paul selling at7ll4 and Northwest at
So The loss. however, was more than recovered,
but Northwest closed this evening unchanged al
95it after selling st 9SiS
Missouri, Ksnsss and Texas was very strong,
closing AZ the highest price OF the day at 1s3s. a
gain OF = per cent
The market closed With the following prices bid;
per cent. bords.-1ci1 - -criyvIlIe 3 Nash. 50
United states 45<a-u2lf Louisville & -. Abby. 25