The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1881-02-16
FINANCIALAND COMME,6ct.I
FINANCIAL.
EENTT

"oso' 4. February II.
The financial market uring the oast week h,,
been moving along cry smoothly. The trans
actions have beep somewhat above the average
which mas 10 SOD eexteut been cnused by the lar,,
receipts OF gu- The supply Of funds IL ampl,
sufficient " meet the demand and first-class com
merciai paper l. negotiated at the usual rates Of
interest,"
New York Financial Market.
NEw York. Feb. ii.-Money-Active at 500 per
Prime Mercantile Papcr-ies5 per cent.
Government Bonds-strong and generally q
In the railrod bonds market to-day Indiana.
Bloomington and Western seconds advanced 10
~, Metropolitan seconds 20 ~ from ga Jersey Cen
trail Incomes 10 l0i from l03 Boston. II. and Erie
hrsts 10 591S from $50 Denver. south Arkansas
and Pacific firsts To lO9 from 1OSis Texas aud Pa
ciic income land grant 3 % 81, from 81. Kansas
ana Texas seconds "a ~ from ~. Iron Noun.
tain, Cairo aud Fulton hrsts 10 III from no. .
wabash general mortgage g. 90 Ggis from % and
New York Elevated hrsts 10 10 from ISL
stale securiiies-Aciiyc and generally flri-
The stock market opened strong and h,,a.a,,
,nd ~ she early dealings efices pr.,anced shnrp.
~, an vie ana Chattnuoca leading with a
. 10 81 per cent the i r. " general list sold up
W, a,es snS n,aI~ay shares C.. C., G. and L.
enl.a vs. anu Al1 and Reading were also promi.
hV d,, =. ny ward movement.
slN.'W .,On continued firm till near the close
NV sales 81 realize PROFITS caused reaction of
." toi PER cent in Nashville and Chattanooga
and !, 20 20 percent in the general list. subse.
quently Nashville and Chattanooga recovered 25s
per cent. and the rest of vhe market recorded
n fractional recovery. An advance I'm Nashville
aud Chattanooga was due 10 the report that the
difficulties between that Company aud Louisville
and Nashville had been anicabiy settled.
The Vanderbilt stocks, Lake shore and New
York Central we've among the leaders In the
The Evening Post says: at Is known that
wealthy iricuds, Directors OF the Delaware,
lackaWnnna ant Western, and Delaware AND
Hudson, have Of late bought and taken out II
the street. Tor investment large amounts of che
stocks OF the Delaware and Hudson. Not hess
than S0.00O shares were 80 taken last week. A.
to the New jersey Central Il Is reported, on what
appears 60 be fairly good authority. that pool
90 buy 100000 shares OF stock has been formed I'm
anticipation 90 being taken out Of the hand OF
the receiver and other important events"
The Graphic has the following: According 10
the latest programme, as given ont this afternoon
hy outside parties o. the New Jersey CcntIal deal
10 has been decided TO extend the road To the
West and North this spring. aud through con.
nection 90 be made at once with Williamsport.
Pa, by utilizing the Catawissa Road, which Is a
leased line Of the Reading Company. AZ VIII
infnsport an important Connectionts 20 be made
with the New Jersey Road. now building and
known ~ the New York. Chicago and ~. Louis
Road. new road also j. TO be constructed from
Williamsport TO Buffalo: likewise branch from
Harrisburg, forty miles south, to connect with
The recent great rise I'm New Jersey Central
stock j. attributed More 10 the immense purchase.
by Gould and sage than Ia anything else. u Is
said kecue has sold out his New Jersey Central.
&. W. WOcrshO1er Henry Willard. George NJ
Pullman. Horace Porter, q. Il. WisslOw, Vim.
Adams. e. y. Jordan. A. NJ. Nickerson, OF Boston,
and other prominent capitalists and practical
men Ia the country and elsewhere are said IL
control the North River Construction Company
TO make, in connection with the ontario and
Western Railway, another trunk line between
this City ana the Lakes.
u is deuied upon the latest Mexican dispatches
that Jay Gould has permission 10 survey line
between the Rio Grande aud Mexico City. The
Mexico southern says IL has no rights north OF
Mexico City, only between that city and Acapul'
co. on the Pacific Coast.
jay Gould, Frank Work and G.. b. MoersholeI
had long interview yesterday. IL is stated there
only about 10000 bushels Of oats In store and
aiont here. and the city consumption alone Is
about $4,000 bushels per day. II looks ike an
Oat famine before the opening of navigation.
The mining share market. the Post says has
been unusually active the past week. and IL esti-
mated the transactions I'm this class OF specula-
tive stocks amounted TO upward Of \. ,OC
shares.
transactions today aggregated shares, COG 900
as follows: