The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-06
FINANCIAL AID COMMERCIAL.
MONEY AND STOCKS.
New Yorn Financial MARKET.

NEW tora f1nauCihl MarHers
NEW YoRx. May 5.-Noney-On call easy at
per cent.
Foreign Exchsnge-Dun but firm at 4ss1< for
sixty DAYS and 1881 for short sight.
Prime Mercantile Pzper-s@5 per cent
Government Bonds-aaye been quiet and steady
and oithout change IN quotations except that
the morning advance Of - per cent In the quota
tons for the registered "a per cents. was losI and
TIE 80 are quoted = higher bid There sales
oil as. both registered and coupon. at i22ts.
State Securities There has been 10 trading and
.notstions steady
The stock market to-day has been somewhat II
regular. with special weakness at times in the
ssrangers and VandeTbilts. and a great deal or
strength in most OF the Gould stocks, especially
Pacific Mail aud Manhattan consol. Before the
board opened this morning reports from London
showed that the market there was weak; first
prices here were generally from = to sS lower than
they closed last eveuing the bears maniiesting a
disposition 10 continue the attack started yester
day. but immediate support was given to nearly
list. especially the fo-cslIed Gould stoeks
ana the early piices were about the lowest made
during the forenoon. DcTing the first hour the
market was very active and the opening losses
Decline then another rally, and then a general
selling movement Or the most active stocks on
the list thirteen are lower eigat unchanged and
ten higher. The sales to-day were 25I go shares.
The dullest time was between y and ,. waen the
total sales for the TWO hours were only 4l,lOO
shares. Leading bull operators claim that large
portion OF me trading Tor the last days has
been for the short account OF the bears, and that
the borrowing account for the active stocks is
large. They insist that IL requires he sale OF I've
times as much stock 10 cause decline Of per
cent ss It i necessary to purchase for per cent
advance. They also say that Stockholders Pro-
teetive Association is being formed 20 proc eed
legally against the promoters OF railroad and
the quotations of railroad stock On the other hano
the bears talk much more confidently than for
some time past. claiming that the bulls have grown
tired OF persistently holding the market against
leTs NJ present There is no doubt that Chicago
houses were early buyers of Northwestern and St
Paul today on a downward scale and this has
led some persons to believe that an carly settle
ment OF the railroad war is probable. Neverthe-
less. special dispatches were received late in the
step TIE On the contrary, il VIII be wsged
more hercely ana this was followed Oy the selling
movement above referred 20. Lake Shore SHOWS
decline OF rs. sew York Central =. OREGON
TTanscOutiuenual -. Western Union aud Miehi-
gan Central each y; other declines are for less
Msn6a5Isn Consolidated Is ID u; Oregon Navi-
cation x. and Louisville sd Nashville - Pacific
Mail e, and others - 10 -, One per cent OF Lake
and in the same time YORK Central lost -
Northwestern 3 st Paul 4, Pacific Mail = aad
wanna was increased 10 as nucn as / 10 OF 1 pe-
cent per day for use. aud the stock hueIuated
Only per cent. and closed midway between the
two extremes at lto with loss OF * per cent,
here very large trading as ain to-day IN
Erie seconds. the total sales being SOL 900 ont Of
grand total OF all securities of this class dealt in
81 81 153 COO which is Sis less than yesterday
me changes in prices thi- evening in many
eases for fractional amounts, but thes3 are ad-
vances rather than declines, aud leading broker
age houses report gOod investment demand
The Transactions aggrs gated 265 90 snaIes. OF
-. eco North western Il 600 Pacific Mall 10000 St.
Paul; 10000 Union Pacific; 20 O10 New YO'k Cen
trsl; l. 0C0 Western UOiOn: 1000 Northern Pacific
end COCO Oregon Transconunental.
The market closed with the following pr1ceS bid: