The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-03-04
FINANCIAL and COMMERCIAL.
MONEY AND STOCKS.
New York Financial Market.

New York Financial Market.
NEW YORK. March 2.-Money-Essy at l92 per
cent, closing at ~ per cent.
Prime Mercantile Paper-495 per cent.
Government Bonds Dull firm and unchanged.
State Bonds Quiet and steady.
AT opening this morning the stock market was
dull and heavy, prices for active shares showing.
in most cases, q decline, as compared with S,tur-
day afternoons closing quotations of 1s9is per
cent. After further decline Of small fractions,
the market rallied, and at the same time became
more active, but by midday resumed duh and
heavy tone which continued until after p. 10.
During the last hour the previous losses were re-
gained in most eases. and the closing prices of
this evening generally show slight advances, as
compared last week. Parties who, until recently,
have been recognized for long tine past as lead
ems and bull operators appear to have lost conf
deEce in present prices end say it g folly TO try to
maintain prices at present quotations. that ma
nipuatoTs, who until recently were leaders OF the
bear movement, sre driving all traders away from
the street Active operators tt bull side
olairn on the other hand, that the old bull follow
ing is seeking to depress business only for the
purpose OF loading up again for another advance.
1t is between these two cOntendng forces that the
mars e. has grown listless with the general ten
deucy downward There was comparatively large
trading in Northwestern to-day, which. af OPEN
ing shade lower at 9s5E, selling early az 9l%.
seller days rose in the forenoon to 955s declined
. = y
sold at 951S and closed at 9514. gain of Z. st.
Paul was less setiye, but SHOWS an advance of
= per cent, at s23s, after touching 71S in the
morning. There was much less business than
usual in Lackawanua. but stocks continues to
I show great strength, and in the afternoon the
price rose 10 lOoA, ana closed at lO51s, gain OF
| Is per cent The last sale before the close was
made at 1909. seller GO days Other coal stocks
/ sttracted but little attention, GRd show very
/ slight changes. Union Pacific was weak in the
I forenoon cljning 70 1915 but in the final rally
il rose TO 49,, aud closed that pree-a net loss
q 4 stOgES
/ dull and Western Union and Manhattan COasOl-
I idsted show no change in closing prices
There was. increased trading. however. in
KRnsas ana Texas, which rose in toe afternoon 70
1s&s and closed at 49, gain of q per cent. aud
stocks, New York Central and Lax Shore we're
weak all day, and the latter was comparatively
weak, opening al 62% selling almost, immedi4ts-
! ~ at as The price then roe to COS. broke in
the afternoon to 6S5s, and in the final rally ad-
yaneed to as, ana closed at SIS; loss, e New
York Central down 4 at $50, after fuetuatIng be
island gained i at us, and 0pa6ss each up <:
in forenoon. to SIS. but fell later to 55 and
closed at 5t1s. Total sales only 2ll,64 shares,
decrease from Saturdays business OF over Sl,l00
shares.
The railroad bond market has been less active
IN Fe Seconds nov sSIbsidsd for dsv az sf
I when it became known that the company were
redeeming coupons dde the LIST OF this month, aud
morning at 56A fell later TO SIS and rallied clos
! ing at 81 decline from Saturday OF 4 per cant
|
! New York City, and Northern General Mortgage
| Trust Company certificates, which are per cent
/ higher at 563s, after fuctuating between SOFA
/ S6sz; New YORK Central frsts coupon up up q at
/ 1917 Oregon Railway and Navigation frsts show
an equal advance at ITO; Richmond ana Ale
/ gheDy fiTsts at SIS; Lake Shore division bonds.
"a at 127 Lake Erie and Western frsts, 81 at $50
I Susquehanna Consol skies. IL at ia. and Chesa
peake and Ohio frsts. series q, I'D = at II. Other
advances are for fractional amounts. and declines
| are generally less than per cent Pennsylvania
Company's ~ per cent. registered sho q loss of
D. at 81 after opening at %. Oregon Transcon-
/ continental frsts, a lower at 6S, aud Toledo and
Wabash consOI convertiDles at rs. Total sales
to-day amounted 10 Ss75. 900 decline IRON 5atur-
/ days business over $780, 600.
] Transactions on Stock Exchange aggravated
! 2l2COO shares, OF which 1900 were Laeka wanna,
10000 Louisville and Nashville. 1000 Lake Shore,
44,OCO North western. 1000 New York Central, D.,
| ST. Paul II, 600 Union Pacific.