The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-03-09
MONEY, sTOCKs, ETO.

NEW YORK, March 8.
Money easy at 394 per cent.
Prime mercantile paper, $685. per cent.
Sterling exchange dull, with actual business at
81 5011 for 90 days, and 81 si11z for sight.
Custom receipts, $4,000.
Gold opened at ll41z and closed at u.s. with
sales in the interim at ll4Z
The borrowing rates in the clearing house were
l-64 10 S-64 per cent per diem, and 2@6 per cent.
pr annuni.
There We're few exceptional loans made fiat
early in the day. After clearing house hours the
borrowing rate advanced to u per cent. per diem,
but just previous to o'clock loans were made al
l-32 per cent. per diem.
The assistant treasurer discussed s2ssCo6.
Governments closed dull.
Railroad mortgages active. -
state ponds sr0ng, eSpecialS for NlsSouris.
The day has been an important one in Wall
street, with n feeling of general buOyancy in
financial circles The proposed cali of Secretary
Bristow for So 100000 worth of bonds for a sink
ing fund added to the improved tone previously
prevailing
Secretary B-lstow has directed the retirement
of 81 49, eco of legal tenders, being 81 per cent OF
the national bank circulation issued under the
new currency bill. There will be no change OF
amounts outstanding until tomorrow. The
Post says: On all sides we hear compliments for
Secretary Bristow. Instead of selling gold he
has, within the law guarding the sinking fund
maze possible an increase OF 1900 900 gold on
this market within the next ninety days, and
that IN al 2ltlon TO regular and known disburse-
ments, and. the withdrawal of legal tenders 10
the amount I 80 per cent of new bank notes
issued, while only carrying out the law, gives
gret expressed that secretary Bristow could not
have been in the treasury during the time his
present position was occupied by Boutwell, and
Richardson.
The stock market was buoyant, the dealings
having been large, and the advance in price
general. The Improvement ranged from
Il 10 = per cent. The leading features being the
Union Pacific, Pacific Mail, Northwest, st. Paul.
Rock Island, Ohio's and Hanibal& st. Joseph,
Inv oCfr nfc Ch
and after the second call the general mark ct
was buoyant, and in most cases the highest
prices caused the SUSPENSION of. d. Rondehnshi
which was announced shortly after O'Clock at
the board, when some Rock Island and Pennsyl-
vania were bought in under the rule for his ac-
count and stocks were active and buoyant to-
ward the close on a very large business, es-
pecially in Union Pacific Pacific Mail. North
westJ Western Union. ST. Paul and Lake Sbnr
dealings were attended with great excitement
an the advance for the day ranged from y to
Union Pacific, which rose to AZ and closing at
the highest point OF the day; the next greatest
advance was in the Northwest shares, common
rising at 4i1s and the preferred to IS; there was
some demand from Europe to-day for preferred
on prospective improvements on property un-
der recent date of the Wisconsin legislature.
Pacific Mail followed with an advance from
SSz to SgH, the action of the directors
to-day having tendency, to strengthen
common rose from 2Ss<c to 24S&c and later Te
ac4 ed to 2S%c. Western Union and Rock Island
were active: the former rising to 76c, and the
latter to lO51s, st. Paul advanced to so7Sc for
common, aud Soc for preferred. Lake shore
closed al 7i5sc, after selling down TO 7SHc 0hios
advanced TO 7S1zc, and Wabash to l514c. The
balance of the list was firm and generally on the
advance: Investment shares were ali strong
and higher. Transactions on the Stock Ex-
change aggregate 207 900 shares, of which $4,000
were Pacific Mail, 5000 Western Union, Is, 600
Northwestern, 1900 Rock Island. Il, oO0St. Paul,
10000 Lake Shore, 5000 Ohios, 1900 Wabash and
10000 Union Pacific.
CONVENIENT SECURITIES.