The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-12
FINANCIAL AND COMMERCIAL.
KONEY AND STOCKS.

New York Financtal Market.
NEW YORK May II.-xoney-On call easy ut
pen cent.
Prime Mercantile Paper-05 per cent.
Foreign Excbange-Firmer at 4s6x fox sixty
days. and zssH for short sight
The sales of stocks today aggregated 2s7,460
shares, including: Delaware, LscKawanna and
Western, 29.eC0 Delaware and Hudson. 1000, Lake
Shore $3.50; Northwestern, 27.25o; New York Cen
trail, 27c0; ST. Paul. 69s35: Union Pacific, 1880:
Western Union, 200 sha-es-
Government bonds have been steady az IN
changed quotations for everything except the As.
which &c lower, while the currency 6's of 80
have advanced &c, to LIS.
The market for State bonds is quiet, and quota
tons in some cases shade OFF, especially for some
Of the Alabama and Missouri issues. There were
sales of North California hrsts at So. and North
Carolina As az S7lf.
Railroad bonds have been comparatively quiet.
and prices IN some cases weak and In others about
steady.
The stock market has been fairly active to-day.
and as 9 rule strong III the morning and weaker in
the afternoon. but the market has been more than
irregular sl day. certain stocks showing little dis
R IiSi 10 '0i'" the remainder OF the active
Prices this morning were strong during the fores
noon and fractional advances were made I'm al
most everything on the list while ere was gain
of Ia in Omaha preferred. Is in Sc. Paul, 1 per
cent in Lackavanna and = in Union Pacific.
Tness were the strongest stocks OF the day and IL
during this time that the highest prices were
realized for the whole list. The advance the
Result OF better feeling regarding the railroads in
the west and northwest, and disposition Oh the
part of the bears who failed to cover last week,
close their account. After midday the market bs-
came dull and heavy. and in many cases prices
yielded from y TO per cent before O'CLOCK. but
the last hour there was an increased
western railroads were again in trouble. aud that
serious cutting mad broken out anew on some OF
tie line There was also further yielding in pr cas
the weakness continuing until shortly before the
close OF the board. The fEal sales were accOmpa.
MED by slight rally IN some cases. but Quota
tions this evening are generally from - to per
cent lower than they closed on Saturday, the
weakest stocks oeing Delaware and Hudson, Lake
stocks, ST. Paul and Lackawanna were well sup
ported, and generally show declines OF only small
sps iosrsst nrcex ~ rho ss r a. 90, OF mear
257. 400 shares. of which ST Paul contributed
% 500 snatts while over 81 per cent consisted o.
Tnion Pacific, Northwestern and New York Gen.
trail. ST. Pau was prominent for IT'S strength at
the opening. the general belief that the fire. ght
war In the West had Deen settled, and the first
price showed a gain OF per cent. at 6951 from
which IL rose during the forenoon 1919 declined
before O'clock 10 20 rallied 10 70i4, aud in the
last hour fell TO 6e1<. hut closed with net gain of
Is per cent at tsis The feature OF the trading
New York Central. shortly after midday it tell
to SGL. and Continued steady at S65s9S6L until
IN the last hour when IT declined rapidly. a
drop OF IS much MS l per cent being made
on sales of only 500 shares The lowest reached
SO. from which 1t rallied to - and clo Ell at
s5X- The Gould stocks We all firmly held but
eksecially Union Pacific which in the early al.
vance rose 10 81 The bulls tonight insist that
there is good authority for saying that the rail-
road war is actually settled aud il ouly remains
row 10 carry cut the details. They say the Van
dtrblt stocks will cut loose from the remainder of
the ma ket
Transactions to-day sggrc ted 257 900 shares, as
fol'ows: Delaware. Lscsasanna and Western.
soUcG: Lake Shore 80 600. Northwestern. q, OOD;
New York Central. IS 00o; at. Paul, 5000; Unloa
Pacific, 29000