The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1881-03-02
FINANCIAL AND COMMERCIAL
FINANCIAL.
SESTrsEL OFFICE,

SENTISEL OFFICE,
MONDAY. February ~ 1881
There Is nothing to note in the local money
market. and first-class paper Is being negotiated
without trouble Interest rules steady.
New York Financial Market.
NEW YORK. Feb. 2S.-Moncy-Active at 6 per
per cent annum and = per cent. per diem, closing
at Z per cent
Prime Mercantile Paper-41zess per cent
Government Bonds-Generally firm and shade
higher for some issues.
Railroad BOnds-Irregular and generally lower.
with largest ansactions in Erie seconds new con
next largest were in Texas and Pacific income
land grant IS which declined = per cent 10 sllS
The largest decline was 81 per cent in Milwaukee
other changes were as follows: A decline OF 3 per
cent in Central Iowa dcbenture certificates, Jer-
SS:ey Central adjustment Is and LaEe Erie and
Springfield seconds income ~ per cent. in Ohio
Central frsts. Milwaukee and st. Paul firsts and
Southern Minnesota division; ~ per cent.
in Kansas and Texas second consOls; IA per cent.
in Burlington, Cedar Rapids and Northern firsts
per cent In Rome, Watertown and Ogdcnsburg
trsts; = per ce2t. in Union Pacific sinking fund
- and ~. Paul and Omaha consOls; y per cent.
in Kansas and Texas cOnsOls aSsented and Ohio
Central income, and - per cent. in Central Pa
cific firsts and Oregon Navigation firsts. There
was an advance OF Ia per cent; IN kansas racine
first e0nSOlS and c., {. and |. G. income: per
cent. in Alton aud Terre Haute seconds
Income; per cent IN Denver =, and lilo
South Park and Pacific tirstS, Texas and Pacific
frsts (I;io Grande Division) and Union Pacific
hrsts. Canada Southern firsts steady at 1OO and
Mobile and Ohio first debenture at 81.
State SecuritleS-ln light request.
The stock market was irregular IN the early
dealings but at the first board the entire lisi be-
came weak and decline was recorded ranging
from y to "a per cent, the latter in Western
Union, which fell off on the announcement OF the
granting of an injunction against the distribution
OF the scrip OF the increased capital stock. Cana
da Southern receded y per cent, Northwestern,
bal st. Joseph common and preferred 4, Denver
ana Rio Grande 80, New Jersey Central 51s,
Union Pacific q :. and Nashville and Chattanooga
.ii4 per cent About the second board specula-
ton became irmer, and subsequently fell
of q fraction, but in late dealings the market
from the lowest point of a to 21s per cent, New
jersey Cen raj, Canada Southern, Union Pacific.
Western Union. Wabash Pacific preferred. st.
Paul and Omaha preferred, Louisville and Nash
vile, and Lake shore leading the upward move
ment
The Treasury paid out for and per cent.
bonds, called and uncalled. only S25S.O The
reason the amount is so small is holders of bonds
can get more for them in market than par and
accrued interest which Is Treasury price. High
rates for money have tendency to draw loan
able funds here from the interior, and in time.
from Europe. Lawful money deposited in the
Treasury to-day To Withdraw bank note cltcula-
ton, S6l9,-50. account between Treasurer and
the banks stands now about rs follows: Drawn
from the banks into the Treasury. about SlI.7O0.-
600: returned 20 banks by bond purchases, about
3, 80. 600 Operations of Clearing House ASsOci-
ated Banks to-day: Exchanges, S2SS 55S. $50; bal
ances. S7,265,44 These enormous exchanges are
largely the result Of great activity on Stock EX-
change saturday last.
Transactions aggregated 81, 600 shares, as FOL