The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-23

New York Ffnaucfai markees
NEW YoRK, May -Money-On.call easy at IL
per cen.
Prime Mercantile Paper-4@5 per cent.
Foreign Exchange-Unchanged.
The total sales of stock to-day were 15l,493
sbsres, including Delaware. Lackawanna and West
ern, 24.275; Lake Shore. 1850; Louisville and
Nashville, $500; New York Central. $1,000; New
Jersey Central 1850; Pacific Mall IL 500; st. Paul,
$3.50, and Union Pacific, Sl.575.
Government bonds have been quiet and steady,
except advance of IS in the registered IA per
cents There were sales of Is registered at 12l1s.
state bonds are quiet and steady. except de-
cline IN toe quotations for some OF the Michigan
and Tenne see issues of TO 25s, and an equal ad-
vance In some oitle Alabama and Arkansas is
sues There were sales of Louisiana consols.
ex-matured coupons at 60.
This has been another quie. day at the Stock
Exch6nge, the total sales of stocks amounting
to only 15745S shares. which Is an increase OF
about 100 shares over yesterday. With only
slight reaction, however, the market has been
scsiVe list of rom to = per cent. OF tocday's
business So per cent consisted OF trading in Lacsa
wanna, New York Central and Union Pacific,
Lake Shore was decidedly strong, selling late in
the afternoon up TO So but closing - lover
cific. and President Houston Of Pacific Nal. neld
q long conference l0-dsy, the suit OF which was
that me Pacific nlaiI accepts from the Union and
Central Pacific Companies the subsidy of $4,000
per month without rebate. IL is provided
mat after the agree@e95it .oor iaseo run 0n
thirty days notice by either party to the
C act. L. il 4vsaTdeu by parLl as q tair
settl .Trept of the differences between them. aud
has added materially TO the strength that has been
displayed for the past two three days in Pacific
Mail and Union Pacific. The strength of the mar
zet late this afternoon was due IN some measure
to reports that were circulated to the effect that
Eastern trunk lines had come to an agreement,
and that rates were to be restored a. once 1t is
claimed by some OF the most earneet advocates OF
Immediate restoration OF rates, that there Is
considerable feeling among the English holders OF
the Vanderbilt securities against the prolonged
They insist now that there Is nothing
10 Justify the cutting OF rates. Leading bull ops.
rators claim that a settlement of the railroad
would go far toward bringing the public back into
Wall street, as well in restoring confidence IN
business generally.
Railway bonds continue active, and prominent
commission houses report steady investment de-
mand. There was heavy speculative trading also
to day in Erie seconds new, and considerable
business of the kind in West Shore firsts and
Nj, X. and L. SIS Prices in the forenoon were
heavy, but rallied later in the day, and closed in
majority of cases at some advance over the pre-
vious sales. The total transactions amounted 70
81, 100 co., of which EIie seconds contributed SSi5,
90. The bonds last mentioned were steady in
the forenoon at AZ and fraction, rose in the alter
noon 10 sou, and closed at sos, gain OF 11s per
cent West Shore hrsts are up 20 per cent. 81 3Ots
The market closed with the following prices bid: