The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1881-05-18
FINANCIAL AND COMMERCIAL
FINANCIAL.
SENTINEL OYrTcE,
MnNnaW Nav 1f 1881

SENTINEL OFFTCR,
MONDAY, May 16, 1881. d
The demand for money in the local was a,
light as usual to-day. and rates in bank were
easy, there being large surplus of loanable
funds. The usual rate OF interest, and pei
cent. prevails, where ordinary loans are made
but where 1900 secured paper is offered, the rate
is cut as low as per cent.
New York Financial Market.
NEW YORK. May l6.-Money, S94 per cent
Prime Mercantile Paper-l44L per cent
Government Bonds-Steady for 6's and 5's, :.
per cent lower for AS and u per cent lower for
Railroad Enthusiastically strong and higher
State Securities-Moderately acuye-
Stocks-The stock market. opened firm and In
the early dealings a strong buying movement was
developed under the influence OF sharp advances
prices were recorded ranging from TO 81 per
cent, Coal shares, Alton and Terre Haute and
Union Pacific being most conspicuous in the i'm
Speculation continued strong until about noon.
when there was a decline of to per cent,
which was followed by an advance OF a 10 15s per
cent, In which Iron Mountain aud Illinois Gen.
trail were most prominent. In final sales market
became weak and closed with reaction of IA
IA per cent, the latter in Western Union. Ele-
waited Railway shares wer exceptionally weak and
declined u 70 "a per cent on the days transac-
lions. .lf
me Commercial Bulletin says: THE temper OF
speculation is not very bullish, and 50 large u
stock market was never before seen, outsiders in
~.
Holders of registered per cents rushing lin TO
extend them. About one-third having already ay-
Piled, only $3.50 600 out Of SS25 600 coo can be
extended, the remainder is to be paid out of sur
plus revenues. Anxiety to extend is natural
enough, Europe is freely taking all kinds OF our
railroad securities, and good deal OF trash, all OF
of the demand for railroad bonds Is the fact of
the subscriptions here to-day to S. 900 900 Indiana.
Bloomington and Western 40 year per cent.
bonds amounted to 5000 coo or in fact TO all that
were allotted 70 New York agents 10 SELL"
Transactions aggregated 5O6.OUu snareJtoday, as
follows: Alton and Terre Haute. 3,702; Canada
Southern, 800; Chesapeake and Ohio. 10000;
Central Pacific. 1900; C., c., G. and l., 3,400;
c., G. and /. c.. 5000; Delaware, Lackawanna
and Western, 5000; Delaware and Hudson, 5.0o):
Denver and Rio Grande, 5000; Erie, 5000; Han
nibal and StJoseph, $780, Iron Mountain, 5000;
Indiana, Bloomingtonand Western, 300 Kansas
and Texas. 10000; Lake Shore. 1000; Louisville
and Nashville, 5000; Michigan Central, 100; Mo-
bile and Ohio. 5000; Memphis and Charleston,
5000; Northwestern, 10000; Nashville and Chat
tanooga, 1000; New Jersey Central, 5000: New
York Central, 100; Northern Pacific, $500; Ohio
and Mississippi, $500; 0ntaroand Western. 5000;
Ohio Central, 400; Pacific Mail, 1900; Peoria,
Decatur and Evansville. 800; Reading. LOO;
Rock Island, $500; St. Paul, 5000; st. Paul and
Omaha, 8, 500; Texas Pacific, 5000; Union Pacific,
p, 900; Wabash Pacific, 22,O0O: Western Union.
$1,000 Illinois Central. $500.
GOVERNMENT SECURITIES.
Sterling, so days....4s6 New oper cents....-1os5<
o. ss sgn.iOS New " g. s lsii
NoTE-The purchasing price for Government
bonds In indianapolis varies from the New York
quotations H91 per cent
STATE BONDS.
Pacific SIS OF '96...--.lu Tennessee, new. 73h
Louisiana consos... 50 Virginia old........... So
y Missouri 6's......IIo virginis' new..- az;
Tennessee OLD. 735 Do.
GENERAL STOCKS.
Cent Pacific bonds. Ohio Centra1-...-.. S51
Union Pac. hrsts-...1l6 Lake Erie & VEST Sc
o. P. land grants...-115 Peoria, Decatur & L 46
o. p. Sinking fund-1221z Ontario d West. 81 x
Lehigh & Wilks.....131 Indian polis BSW. 541z
st. p. q s. C. frsts..lll Burl., Cedar r. q n. 69%
c. g. d l. @. frsts.. Alton & Terre H.. T5Z
Doseconds .......... :..... A. q l. d. pfd 40
Erie seconds. W., ST. L. & Pacific. 5612
Rock Island l44sz Do preferred....... 955s
Panama ...............250 Hannibal & St. joe 76sz
eort wayne .l5O do preferred .......-lll1 a
pittsburg .......... Iron Mountain 765
Illinois Central.....-142 st. L. Il San Fran. AZ
Chic, Bur. d Q.......167 Do. preferred....... 20
Chicago & Alton. .-l4S12 Do. first preferred...l0S
@. d A. preferred...147 Chi. st. i. 4 n. o.. so
New York Central. AZ Kansas & Texas. 5l1<
Harlem-................22j Union Pacific. ......-1A
Lake Central Pacific...... 92l
Canada Southern. 5S15 northern Pacific. 4354
Michigan Central.--1l3 Do preferred-....-.. 7S14
Erie. OkLOuisville & Nash LOG
Erie preferred........ 9l54 Nashville & Chatt. 90
Northwestern ........12914 Lou. n. A. & Chi. 90
Northwestern fd..lil% Houston IL Texas. so
st. Paul Denver u r. Grande1075
81. Paul preferred ..l32 w. U. Telegraph 2014
StPaul Manitoba 9215 A. d p. Telegraph. ......
st. Paul Omaha. 49, Pacific Mail. .......... $40
81. p d o. pfd.......105S Adams Express.......l32
Del d Lack .....-.--125 Wells & Fargo Exits
Morris d Essex......-l2S1s American Express. IS
Delaware d Hud-.-113IzlU. s. Express.......... &c
N. j. Central Quicksilver Is
Reading. co., Do. preferred.... 81
Ohio Il Miss......... 40 Caribon-............. 21z
o. d M. preferred-..106 Central Arizona...... AZ
Chesapeake d Ohio. 32i Homestake 2415
Do. drstp referred. 4T4
Mobile & Ohio...... 81 Excelsior ...........-..
c., c. C. & I........ $50 Little Pittsburg...... 81
u, Y. q i. C-.......... y 20