The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-20
FINANCIAL And COMMERCIAL.
HONEY AND STOCKS.

New York Financial Market.
NEW YORK, May i9.-Morey- call easier ut
o. per cent
Prime Mercantile Paper-05 per can't.
Foreign Exchange aiet and unchanged.
The sales OF stocks to-day were 1912 shares.
including Delaware. Lackawanna and Western,
2s.sse; Louisville and Nashville esi5: North west
ern, l7,iIo: New York Central. 1900; Pacific Mail.
1900. ST. Paul. IS goo; Union Pacific IS go; West
ern Union. Is. 800
Government bonds have bsen quiet at un-
changed quotations and easier, al advance OF n
in the price bid for currency skies. There were
sales OF the 3s az 1857. and the As coupon at 1217
State bonds have been quiet and quotations
generally strong specially for some of the Missouri,
Louisiana and Alabama issues
The stock market to-day showed a sudden re-
lapse TO duIlness with only limited fluctuations
in quotations. Only three OF the usually active
stocks show changes for the day of as much as
per cent. ana those three stocks belong to the
called Gould stocks. Total sales were l67,700
thares. The result of the days operations Is an
irregular closing of the list. about an equal num-
Der of stocks showing advance and declines For
no cause that became apparent to the street,
Pacific Mail was weak during the forenoon and
barely steady there until about the close when 1t
AGAIN yielded a fraction, and is down this evening
rs below yesterdays price The present msnaZ
ut the forthcoming annual election. Rumors have
been in crcu lation for tue past twenty four no
iscovered in TIE Union Pacific II was stated last
night that the papers in this city and CHICAGO
were to publish detailed account OF the matter.
Ii was said the rum0r was based on claims by the
Kansas Pacfc income bondbolders The Officials
of the company make q most emphatic denial of
the whole story. saying 1t has no foundation in
fact. dispatch was received this aiternoon.from
the Union Pacific Office in Boston SAYING that
rumors of defalcation In the company was pure
fohv Erfa dG M fba hol fpo
story started by the bears in their desperation
for some means Of depressing prices. There was
opening OF the board this morning. which came
principally from the short sales made yesterday,
bat the price remained strong. and during the
above io with saes in tns mo os6nS
quiet and strong all day aud closed with
only q slight advance over yesterday evening.
New YORK Central also sho we'd some strength, and
S26,lo0 0e0 OF the stocs Is entered with Morgan IL
Co. London: There is an effort being made on
In the afternoon, made au attack all along the
lire, which led 10 the weakness of most of the
fIased bear attack were again in circulation this
evening. Nevertheless the bulls claim that tue
market is heavily oversold aud that they have 1t
SO well In hand that the move OF prices must be
up for tome time.
The railway bond market continues active aud
market The total sales 10 day were ST 100 600 the
business being very well distributed. aud prices
tnis evening snow iIreguias cnanges as compared
obtained to-day from the officers of the Chicago,
Rock Island and Pacific Company in this city,
from which the following comparisons made
of the business of the company for the year. ended
March 81, 1855: Gross earnings SD. 206. 800. de-
crease compared with the amount earned last
year OF sS2SsS4: operating expenses. SLIGO 800.
decrease OF $'37 10k: net earnings. s. o CO., de-
crease of $50, 9l4; the fixed charges were Slh94
GO. being an increase of si13, 345; the net land
fell off from $40 600 to $3.50 900: after paying
dividend of per cent amounting 81 e37, 900.
there was left balance this year of SIS 900.
against 81. 2S9 GO in 1881.