The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-04-26
MONEY AND THE MARKETS.
OFFICE OF THE INDIANAPOLIS SENTINEL,
TUESDAY EVENING, Aprfl q.

TUESDAY EVENING, April ..
In reviewing the local money market for
the week ending this evening the simple re-
mark, that money matters working
closer, covers the whole ground There is,
however, no special pressure for money,
the demand is chiefly for legitimate business,
and little currency is being absorbed by kite
flying venturers. The condition of monetary
affairs is not however, one OF stringency, since
the banks are promptly responding TO the
wants OF their regular customers, bat paper
offered for discount is more closely serutin-
lied, and only gtlt-edged passes inspections
and larger amount Is thrown upon the out
side market, where it has to submit 70 such
terms as private lenders choose 10 make.
Merchants generally report light collections,
nor do they anticipate much Improvement in
this regard until the grain In store begins to
come forward to market and another crop en-
ables farmers to meet their obligations. At
the banks the regular rate of interest is 10 FER
cent and on the streets the rates range from
IL to per cent a month.
The market is reported almost bare of East
ern exchange, and large shipments of cur
reney are made daily. Quotations are entirely
nominal, and counter sales are made at "A
premium. with a more active movement OF
provisions and grain this feature In financial
affairs would disappear.
City orders are steady at 9Sa @99c.
INDIANAPOLIS CLEARING HOUSE.
Clesrings. Balances.
For week ending April 22...Sl, I2O,O00 $3.50
Monday, April 2l........ l45,lO0 3,1W
Tue sday, A prll Z'.---.------.-.. l4),OJO SO, HO
MONEY AT OTHER POINTS.
New York-The New York Times OF the Path
says: The money market was extremely easy
ing been exceedingly light. me rates for call
loans ranged from to per cent, with the
bulk OF business at the intermediate quo
tations. Judging from present appear
auces, there Is no likelihood of any
especially as the banks will probably
strengthen their reserves still more during the
coming few weeks. The discount market was
cent. for prime names, the supply being
small.
NEW YORK MONEY AND STOCK MARKET
new YORK, MONDAY, April ~
Money easy at 2@S per cent.
Mercantile paper 1905 per cent.
Custom receipts, SSN,fOc.
Assistant treasurer disbursed sS5OoO.
Clearings, s24,cOO.O0O.
Sterling Exchange is quiet at "a 81 for
% days. and 81 ss1z for sight.
Gold opened at llZ5s, closed at Il25s.
Rates paid for borrowing 2 per cent;
loans were also made nat, and at 294 for car
rying.
Governments strong and Is to "A higher.
Railroad bonds firm.
sta e securities quiet.
Stocks irregular, with Pacific Mail strong;
Western Union firm and railroad coel STOCK
weak and decidedly lower. There was no par
ticular reason given for the heavy decline in
coal roads beyond continued sales OF long
stock, growing out OF the dizziness In trade
Granger stocks heavy and lower. The entire
amount of treasury new SIS was awarded
Drexsl Il Morgan at l03 IS 7-l6, for account
KoLhschild Sons, j. 3. Morgan, Belmont &
Co. and he mselves.
Transactions Stock Exchange to-day
aggregated 1913 900 shares OF which 1900 were
Pacific Mail, $500 Western Union, $50
Northwestern common, 1000 st. Paul, 1000
Erie, 3o,O00 Lake Shore, 5000 Michigan Cen
trail and 1900 Delaware, Lackawanna and
Western.
GOVERNMENT SECURITIES.