The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-19
FINANCIAL AND COMMERCIAL.
MONEY AND STOCKS.

New York Financial Market.
NEW YORK. May is-Koney--On call easy at
pex cent
Prime Mercantile Paper-49s PER cent.
Foreign Exchange-Qaiet a. 1861 for 60 days
and 49, for short sight.
The total sales OF stocks to-day were 34l,1S
shares, including Delaware. Lsckawanna aud
Western, 45c0; Lake Shore. 6.7s5: Louisville and
Nashville. 22,455; Northwestern, l0.ss5; New York
Central 2o.5l0: Pacific Mail $40 st. Paul, 1880;
Union Pacific. 1865; Western Union, IS, $40; Ore
gon Transcontinen.ai, ll,c00.
Government bonds are quiet at unchanged QUO
tations except an advance OF = in the fours and
decline OF n on the currency skies.
State bonds are steady. with sales OF North Caro-
lima tax at So and Nerth Carolina consol dated
fouIs 81 SIS.
The stock market has been unusually active. at
to DAY. With . few exceptions the prices this
morning were q TO 4 per cent. higher tnsn they
ceeded by decline OF small fractions thfoushout
the List, but after fifteen minutes rally was
started which continued until midday. The
O'Clock. The market then gradually weakened,
and continued SO until the last hour. wnen II
irregular prices as compared with Saturday even
he Mnie this T sS sne general OF
prominent exceptions. New York Central was
weak all day, selling down in the morning TO s3N,
from which 1t ralli ed by noon l per ceat., and
then broke to S34 before o'clock. Ia the last
hour IL was steady at the decline and closed with
net loss OF - per cent. Most OF the active stocks
Union Pacific in the forenoon rose only 70 per
cent, snd while the remainder of the market
was resting at the advance, it rose in very
ltrs &c purchases to 5s14. There was an advance of
- per cent in the opening price OF Lick twauna
1885 and it rose in the forenoon per cent. and
O'Clock when 1t yielded fraction and closed with
an advance OF per cent. at 1857. or gain as COM
pared with the opening OF z per cent. Western
throughout toe day, selling up l5E per cent. 70 CO.
The Bankers and Merchants Telegraph Company
10 10 have a new receiver. Pacific Mail and Chica-
60. Burlington and Quincy are up "a per cent Ore
gon Navigation anc Omaha preferred each l, and
sDd Inuvie and Nssaye are DOWN each snd
Oregon TraDscontinenial u, while Lake Shore is
unchanged. The total safes were 3l2 900 shares,
past; but OF this amount Union Pacific. LscKa-
wanna and II. Paul contributed nearly so per cant
The break this afternoon was due In part TO the
realizing by some OF the morning bulls sucn as
always ready to take q small profit. Some of
the sr all shorts nave also covered but the leading
bulls Claim mat the large oears have increased
their abort interest that there are fully any
stccss the short side OF the market present
y, any time recently. The bulls insist thaitae
feeling is spreading t,at prices are very near bot
tom and the advance mus. be steadily upward from
now on. though slight reactions will. 0f course,
occur. 1T Paul at one time I'D 70H. bus
broke on the publication OF the report Tor the
second week of May. showing loss. as compsred
Northwestern is down 4 per cent. slthongn the
weekly statement shows n loss of only $40.
The bond market has been very active. the total
sales amounting to e.. i22f00, but of this rusn
over 81 ,ot0oOO consisted OF transactions In Erie
.econos new: which were extremely active be-
tween IL and o'clock aud decidedly weak SELL
ing down from "a TO JOS In The last hour they
were less active, closing at the quota
ton last mentioned. The most OF the
list, however. show considerable gains. Atlantic
ana Pacific Western Division fifsts mp 81, at
~: Central Iowa Eastern Division irsis. i, at
5s. Chesac.ak and Ohio is. series Il. "a at 81; ST.
Paul. Chicago and Pacific Western Division 6s, -.
At 10; Chicago and Paciii: Western 81, II. at -;
Wisconsin and Minnesota division 81. 2H, at 81.
aud the terminal ss. z, ct 9S; Morris ana Essex
first tconsol) IS, "a. at 12I; Denver aud Rio 0rande
frste. 2. ut IL. and toe Irsts (consoD. a At 5lsk:
Louisville and Nashville Cscilian Branch IS. =. at
loo. the general g. az 97]4 aud tue 1910 6s IA.
nj 7SN Lake Erie aud Western frsis. Ia. at CO.,:
Nickel i1ate 6rsts. -. at 1915 aud the West Shore
frsts, at 301<; Union Pacific sinking funds, -,
a. 100: ST Louis aud Iron Mountain seconds IL.
st 1857 and the general colsol S. 81 at 7l4. the
Colorado Coal and Iron IS, l, at 60.