The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-22

New York Financial Market.
NEW YORK, May 2l.-norey-on call easy at
Per cent.
Prime Mercantile Paper-495 per cont.
Foreign Exchange-Dull at 1901 Tor sixty dayF,
and 4sss1 for short sight.
The tales of stock today aggregated 1880
shares, including Delaware. Lackawanna and West
ern 81 SIS; lake Shore, 5o9o North western. i,7oo
New York Central G.215: Pacific Mail. ll,275; st.
Paul, .4c0, and Union Pacific. 2i.lco.
Government bonds are quiet at unchanged quo
tations. except decline of * in the 81. There
were tales OF the 80 az 1881 and the registered Is
at l2lI =, and the Is coupon, at 122.
State bonds were weak, with a decline OF a.
per cent. In toe quotations for some OF the Ala
hama and Michigan issues. There were sales OF
Louisiana couso.s at 75s4 and the ex-malured cou-
pons ct GA.
The sales at the Stock Exchange to-day foot up
about the same as yesterday. the transactions 10.
Gay amounting TO l22.c01 shares, but, of this 10
per cent was done in the frs. hour, and from that
time until the close the dizziness was as great az
has been seen at any time for many months.
There was absolutely no feature TO the market ex-
cept the strength that accompanied the inactiv.
iiy. The extreme fluctuations in the active list In
case exceed a per cent, except Union Pacific,
which Was traded IN within range OF "a per cent,
and Pacific Mail, which huctuated 1 per cent.
The closing prices this evening gre small fractions
ni2her than yesterday, almost without execution
the gains ranging from = TO 70 per ceut. Inere
was decided strength In the early dealings IN 5otn
facinc Mail and Union Pacific, due to tue general
b.iief that the differences between the Pacific
Mail and The Pdclfic Railroads had practically
been settled.
Respecting the Oregon Railway and Navigation
lease 10 the Northern and Union Pacihc., iL Il
stated late this afternoon that progress has ocel
made, but no conclusion hes yet been reaencd.
There was meeting az the Northern Pacific this
afternoon IN regard to the matter. The general
impression IN this case Is also that q statement
will be made satisfactory to al parties Interested.
fident. Claiming that the extreme case OF the
money market must lead TO increased purchases
for investment. They also insist that the short
interest is growing large, especially in Union
Pacific, in which they claim the short interest
amounts to 10000 shares.
II Is said the Pennsylvania, Lsckawanna and
the es! Shore Roads have al agreed TO q rest0ra
ton OF rates between New York and Chicago, and
that formal demand Will be mads upon the New
YORK Central 10 do tue same II this Is refused,
the Attorney General 10 remove the directors for
INSTRUMENTATION.
Crop reports have been received to-day from Mr..
Hoxie, OF the southwestern system, showing that
the business OF that system during the current
year promises 10 be very much heavier than lie was
IN 1854. especially In Texas, where the increase
averages 33 per cent
Tofal transactions railroad bonds today has
teen very large amounting TO E., OIL $50, but more
IN one half this business confined TO deal
were sl505co. There was also considerable
bidding done III Missouri Pacific first consois and
of the Missouri. Kansas and Texas issues,
and during the afternoon IN Nickel Pate hrS.s,
which became very weak, selling down to III. aud
closing with net loss OF s4 Der cent. q. ia Eie
in the afternoon and closed vita loss OF "a per
cent al AZ.