The Indianapolis journal., 1885-03-01
FINANCIAL AND COMMERCIAL
MONEY AND STOCKS.
The New York Market Less Active, and the
Fluctuations Very Moderate.

the New York Market Less Active, and the
Fluctuations Very Moderate.
New York Feb. 28-Money, easy at az per
.ent; offered at the close at per cent
Prime mercantile paper, 495 per cent
Sterling exchange quiet; sixty days, $4. s311;
light, "a s6!.
Governments strong and higher for three per
cents, at 10lI bid.
State bonds quiet and shade lower for some
issues.
The stock market was less active than at any
lime since last Saturday, and the extreme fuctu-
atoms were generally within a range of little
over l per cent. The day passed with
out the development of any important
rumors tending to influence values Early
dealings were at prices shade lower than the
closing quotations yesterday. but after the
first fifteen minutes the market rallied
without manifesting remarkable strength,
and prices, before IL o'clock, were generally
small fraction higher than last evening.
There was considerable activity in early trans
actions but after the rally the market became
dull, with only slight fluctuations. and continued
dull and steady until after midday, when there
were further reactional gains. In the last hour
closed firm at slight rally at
prices which, in most cases, show gain for the
day of only small fractions. Over 60 per cent.
of the days business consisted of trading in the
following four stocks Northwestern, 80, 13O
shares; Lackawanna, A, 800; Lake Shore, 43, Go,
and St Paul, 50 095 Lackawanna's lowest price
was at the opening, when it sold at 102 and
from which it rose in the forenoon to l02s, and
later to l03t. In the last hour it dropped to
1924, rallied to l03s. sold again at 1924 and then
To md oil M for
the day of ]. Delaware & Hudson was higher.
that tn 'Gs price '1d and "a s and in ''"s this
respect being an exception to the general rule
sale late in the afternoon, at 7Ga seller sixty
days Central New Jersey quiet, at 3s4 a37a,
closing at 38, an advance of &c. Lake Shore
opened lower at 64a, rose in the first
remainder of the day was heavy, selling
down to 63s in the forenoon, and, on reduced
business after midday. rallied to the opening
price, GA net loss of &c. New York Central,
on little more than half the business done in
Lake Shore, was steady in the morning at about
49, sales being made at the same time at
81, seller sixty Early in the afternoon
it rose to 93s, the highest price, and, after slight
reaction, closed finally at that fgure-a gain of
: St Paul was steady throughout vsh the fore
rallied to 724, and closed at 72s-
a gain of :. The largest transactions were in
Northwestern common which was strong at the
opening, at 94s. but did net sell above 94s until
the afternoon. when it touched 95t, declined
again to 94s, and closed at GA gain of Z. The
greatest advance in any of the active stocks on
the list was made by Pacific Mail, which, on
light business, closed at the highest price
0fEto day, 56-an advance Of per cent. One Of
the weakest stocks was Missouri Pacific, which
was highest at the opening and lowest at the
close, the extreme prices being 92s and 90s; the
final price shows loss of Il. Omaha was
dull, and on limited fluctuations closed
- lower for common, at 25a,s and per
cent. lower for the preferred. at &C.
The result of the operations Of the month,
which closes to-day, is general advance in almost
everything on the active list and a gain in the
most active stock--Lackawanna--of1 IA per cent.
All the coal roads, however were prominent in
the advance Delaware g. Hudson gaining 81
per cent and Central New Jersey, A.;
New York Central, 6; Lake Shore, 81;
Northwestern. So while st. Paul gains only /,
and Missouri Pacific is 81 lower: Union Pacific
losses1s, but Manhattan Consolidated is up u,
and Louisville s. Nashville 81.
There a reduced business in railroad
bonds but large number of issues
continued to be traded in for small
amounts. There was some speculation in Erie
seconds, new, which opened at 56a, sold down to
5G rallied to 56s and closed finally at 562. West
Shore frsts were higher, at 36s, after selling as
low as 36s. and Nickel-plate stocks show a de-
cline of per cent, at 81. Among other i'm
portant advances in other securities of this class
was gain of per cent. in Missouri Pacific
thirds at 1861. and an equal advance in Ohio
Central stocks, at 61l.
Transactions. $4,000 shares to-wit: 45, 600
Lackawanna. 10000 Kansas e Texas, 1900
Lake Shore, 16 900 Louisville 81 Nashville, 15 700
Missouri Pacific, $4,000 Northwestern 26, 600
New York Central, 49, coo st. Paul, l0,00o Union
Pacific, H. 600 Western Union