The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-08-30
INDIANAPOLIS CLEARING HOUSE.
MosEY AT OTHER POINTS.

MONEY AT OTHER POINTS.
ST. LoUIs-The Globe Democrat of Monday
says: A better and more hopeful feeling per-
vades banking circles. Some of the money
demand at the banks was based on country
wants for grain carryiu g, and on these by city
customers for crop recei pts into this market;
shipment bills were also offered, principally
on flour SJuth. JObbers, who are laying 10
fall stocks, were fair customers for mo- ey
some manufacturing paper was seen: miscel-
laneous demands inside up a fair aggregate in
discounting. The genera supply of money Is
abundant, per cent. generally charged to
regular customers. Some banks have out
funds on call al per cent, but thus far have
not been obliged TO call them in. Outsiders
probably have to pay 10 per cent, bat Is the
leading rate at the prominent banks. Private
capital is plenty. For tnis there has bsen a
lille more inquiry by good city al d country
mortgages, which, however, did not show In
crease enough to call Tor special comment.
BANKING JOKE.
TheNew York Correspondent of the Boston
Journal tells the following: The failure OF
Max Stadler has shaken the community. The
firm took the elegant building OF Bail & Black
and opened clothing store on a mammo b
scale. The paper OF the house was taken by a
great many cautious pc pie. Among the par
celebrated for its prudence. The rule ofthe
board is to r. ceive no paper that is not ap-
io1nd that t6e SaDR held sioSeo worth of the
notes OF Max Stadler. This paper was ac-
cepted on the Endorsement of a gentleman
who boasted that the bank had never lost
anything by his Recommendation. Bat he was
away; $1,000 were In the bank, and The
drawers had failed The bank stoned a peii-
ton TO throw the house into bankruptcy, A
board meeting was held and the absent direc-
tor was present. He was tainted with his
recommendation aud the results. He coolly
replied: "You are barking up the wrong
tree, gentlem EN-; Max StsdIer has failed :
Mack Stadler has not failed; and the notes In
this bank were made by the latter gentleman,
md oa0 QC unl 9rQfo a xuQ
hurried off 10 take the name. of the bank of
the bankruptcy petition.
NEW YORK MONEY AND STOCK MARKET.
NEW YORK. Monday, August rs.
Money closed at Upper cent. on call prime
meBcantilep paper 3a4c.
Assistant treasurer discussed $4,000.
Custom receipts, $4,000
Clearings, sl4,OOO,OoO.
Sterling exchange, dull.
Sterling 20 days. 1874; do. on sight, 4ss1za4s9.
Gold opened at Ill, declined to 1l07s and
closed at l1uz5.
Loans fat to 2 per cent. for borrowing.
Weak ness Of market was due to some sales
supposed TO be connected with syndicate OPP
eratlons.
Government bonds lower this afternoon In
sympathy with gold and also with various ru-
mors favorable 10 success Of syndicate, mar
ket closed feverish.
Railroad Onds strong; in late afternoon
dealings Western Pacific sdvsnced toll 81, an
Improvement Of "a per cent; other issues
maintained mornings improvement.
State bonds quiet; prices nominal.
Stock marke1 opened irregular with fire.
quent fluctuations within Ha1A per cent
Widest fluctuations were on Delaware Lacka-
wanna and esterD end St Paul shares. At
second BOARD, market was weak on some OF
the coal roads. Delaware, Lackawanna and
Wes'ern declining tos1H and Delaware %ld
Hudson Canal to s4L. Ibis decline affsc ed
the genera last only In slight degree on last
sales Delaware, Lac awanna and IVES .ern
recovered 10 81, and for odd lots of Delaware
and Hudson al al sold MP to $50, and the
whole market was q little fiImer in tone.
Lake Shore Tecos cred to u; ~. Paul, COM
mon, to s254: preferred, 66k; Rock Island to
1314: Northwestern, preferred, to 6fs4: West
ern Union TO tS5< and New Jersey central to
-a0H. Market closed dull and little better feel
ing.
Transactions on the Stock Exchange to-day
aggregated 10 S55 shares. OF which ,5eo were
Ene, 300 Lake Shore, $40 Northwestern,
1850 Rock Island, Is o. st. Paul, $500 Western
Union, 5000 Delaware Lackawanna and
Wextern, los New Jersey Central and 500
Michigan Central.