The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1881-06-29
FINANCIALAND COMMERCIAL
FINANCIAL.
SENTINEL OFFICE.

SENTINEL OFFICE.
MONDAY. June q. (
There is little doing Of note in financial circles,
and money continues plentiful and at reasonable
rates. Discounts are made at Z and s per cent,
but the demand is not equal TO the supply, and
deposits continue TO increase in the bank vaults.
Exchange is selling at soc off between the banks
and isin f~airdemand.
New York Financial Market.
NEW YORK. June 27.-Money-Market easy at
Prime Mercantile Paper-s@IK per cent
Government Enthusiastically firm.
Railroad Bonds-In light request.
State Securides-Modemtely active.
Stocks-The stock market opened irregular,
and in early dealings prices declined = 70 rs per
waited leading the movement, but
before noon speculation became frmer, and an
advance off, to Ia per cent was recorded
the latter Wabash Pacific 0mm0n. During the
afternoon, the market again became weak, and
prices fell Oh a TO 2 per cent-Canada southern,
Pacific Mail Michigan Central, Union Pacific and
ST. Paul being the most prominent therein. In
final sales purchases to cover short contracts re-
suited in a fraction recovery. Memphis and
Charleston sold down 81 per cent the
morning. bat recovered J per cent at the close.
Manhattan Beach declined = per cent. on the
days TRANSACTIONS.
aihe Post SAYS: Respecting share speculation
we had to-day what is called brokers' market.
Fully nine-tenths of the SPECTATORS are ~bearshly
inclined. and in the absence OF important orders
from larEe kpcculdlolS, anu u OIOtIc lOm puDlC
to strictly commission houses. q fair field was
presented to speculative brokers for TERMS = to
2 per cent, and this they improved. In last hour
| a good many stocks that sold short earlier in the
day were covered, and prices advanced a frac-
tion."
The Express SAYS: zone of the features Of the
market was the free Offering of seller sixty
options on some Of the leading shares at prices
considerably below quotations In a regular way.
The greatest difference was in Hannibal and ST.
Joseph common, which was offered seller sixty
at IS, when the regular quotation was 81. Cana
| da Southern and Michigan Central sold at a diff
| ference of IL per cent, Ohio and Mississippi. /
per cent, and Milwaukee, Lake Shore and West
| ern, u per cent. tits reported that the control OF
| the Houston and Texas Road has been purchased
in the Huntington interest"
The COmmerci Bulletin says: Vanderbilt
and his followers are encouraging lower prices.
speculative brokers, for the most part, are bears,
and large Spectators, who are for long run bulls,
are apparently leaving the market alone, so Van
derbilt may sooner get ready to join them in al
vancing the prices"
follows: Canada Southern, IL 900; Central Pacific,
wanna and Western, 1900: Delaware and
Hudson $500: Denver and Rio Grande, -;
| Erie. IL. 900: Hannibal and st. Joseph, 5000
Kansas and Texas, 5000; Lake Shore, 2l,OOO,
Louisville and Nashville, -; Lake Erie and
] Western, 1 800; Michigan Central, q, 500; Memphi:
| and Charleston, 1000: Missouri Pacific, 5000,
northwestern. 5000; New Jersey Central, $500
| Ohio and Mississippi. $500; Ontario and Western
| 100; Ohio Central, $500; Pacific Mail, $500
/ Peoria, Decatur and Evansville, 1,400; 81. Paul
$500; ST. Paul and Omaha, l 100; Texas Pacific
| 5000; Union Pacihc, 5000; Wabash Pacific, 5000.
Western Union, 1900.