The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1882-04-05
FIyAaCIAL and COHnERGliii
MONEY AND STOCKS.

| tVlty IN hnanclAl ana Board OF Trade circles yes
lerday. Money was In active demand for car .
ing grain ard there was also an active inc mir
nom borrowers representing other bran. hes
business. and liberal volume Of paper was al
counted. Funds were in ample suppl 6. ana III
lean market easy at 7 and per cent.
Kew York YfDanciRi ma a..
EEw YORK. April s-Money SAG re, ca,
per annun. 1 81 per diem, ciosi .,g offered at pc
cent.
7 Prime Mercantile Paper SOS per cent
Government Bonds-W' ak and 1s914 per cent
lower.
Railroad BOnds-e neraily weak on moderat
volume of business.
State Seourities-Inactive. except for Tennesse,
CID and mixed, which are lower
Share speculation opened per cent. higher thar
Saturdays closing prices for Oregon Navigation
L per cent higher for Oregon and Trans Cont
mental. 2h per cent. lower for Lake Shore and
irregular. but in the main fraction iOwer for the
remainder of the list. In early dealings q sharp
decline of 19@2is per cent. took place. in which
Reading, ST. Paul. Lake Shore sud Northwest,
Denver and Rio Grande, Northern Pacific pre-.
ferrVd and New york Central were the most con
spicuous. This was followed by a recoyery Of "a
2s per cent, Reading leading therein, but subse-
--NNN.NA
recorded, Oregon Navigation, Western Union,
Louisville and Nashville. Northern Pacific com
mon and preferred, Hannibal and ST. Joseph pre-
ferred, Texas Pacific. Michigan Central and Den.
yer and Rio Grande being conspicuous in the
downward movement, In the eayly part Of the
afternoon the market recovered Hg211S per cent.
Western Union and ST. Paul leading TIE advance.
but in late dealings reaction OF tssI1< per cent
rlln no lat o@ Tn IA
while Hannibal and St. Joseph preferred &C.
vanccd - and fell off i5s per cent. An ad-
vance Of 1sds per cent the latter for Read
ing, was succeeded by sudden decline of
1sglts per cent. In final dealings, Missouri Pa
citc, beaver and Rio Grande, Western Union
Louisville and Nashville, and rexss Pacific being
prominent therein, while the Oregon Navigation
sold up rs per cent at the close. The market
closed weak and 1sS41s per cent lower than Sat
urdsy sclosing prices, the latter for Lake Shore.
Shock which the market rec lived this morning
has left the street more or less distrustful Its
said William IL. Vanderbilt has declared he will
do no business nor have aliy regard for the stock
market until after the funeral OF his brother The
worst feature of the Gays development, saws the /
Post, is IL shows how dependent the course OF
general speculation In the stock market still is
on certain lndiVtdualS- Prices a few weeks ago !
were rammed down below what they should have |
been By Individual influence. and have been
raised since largely because stronger class OF in
dividueis com bi1ec against the former In neither
case were values taken much into account as
they should have been, but IL is hszsrding little
cent recovery than they were ia the extreme de-
preston witnessed three weeks ago.
bcston special says: The drop this morning
IN the New OrK market WRS a surprise 10 outside
railroads, ana caused something of fuirr affect
ing. as IL di1, Boston SpeciaiteS Disseminating
men, however; say the Boston market kas taken
veTs little sock 0s ibyeStmeut. ana that there is
less than usual IN the bands O. The puOiic Fluc-
tugtious have been fragrant, but after second
csH the last showed bat httle change from Satur>
day hgNreS."
special from PHILADELPHIA saws: .arhe loesl
stock market to-day felt the depressing infuelssa
from the decline i'm New York, though it showed
and the Decline was no1 50
marked, and the recovery more rapid. As an ex
ample of this the Sorthern Pacific preferred IVES
much stronger here than in Wall street. and
quotations were genersit. One-half better. There
were large dealings in Reading, bat the nOt.cea-
Ole feature was a 'nusaDer of buyers options, |
showing prevailing fdea that Reading 1sl I'D |
Yas,e before many DAYS. There was nc local |
news 70 affect the condition of affairs. The gem
erSl talk was that the removal OF pegs iE New |
York was the only c2lte for the decline"
The City Council of Philadelphia has GuthOr- |
bed the Law Committee % investigate the |
r1morS of the combination between the western /
Y MON and Mutual e DiOn Telegraph Con panies
with view of securing a forfeiture of the atter's
nj Tor SO 600. and the reversion 10 the city of
us poles and wires in case the Truth of tEc report
Is established.
W. z. futile q Co. brokers belonging to the
stock Exchange, suspended payments tails after
lOen. The resulting differences against the firm
IRE not believed I'm portant IL amount
The earnings % the Denver aud Rio Grande for
March, SfS5,O5; same month last year. $685. d93;
earnings since the LIST of January 81 43e $50; same
period last year. 81 ,O2S,4f9
break in stock caused some shifting of loans
md Of course money seat away 10 facilitate April
etuements has not yet begun to return. On the
'Jher h0nu. money Is coming cut Of the Treasure |
RELY, end IL Is fair inference the high rates u:
his evening were artificial.
The quotation for money to stock brokers wss
per cent, the payment having been stopped en-
ne lost le'tersot credit on Barring of London, No
,319, sr6220.
Transactions aggregated $4,000 shares. 12,eo0
Il watch were Laekawanna. I'll coo Denver aud
Rio Grande 19.OO0 Erie, l6 600 Kansas and TeEas
loo Lake Skore, 30, 900 Louisville and NGsl
lille, q 900 Missouri Pacific $1,000 New Jereey
,entral. $1,000 New York Central, 5000 Northern
'sciEc, 49, COO Reading. 1900 st. Paul. ll00e 81.
'aul and Omaha, 24.OOO reXas Pacific, 1900 Wa |
,ash Pacific. and 80 00O Western onion Telegraph.
Mining stocks fairly active aud generally weak.
sobiusOn dull at 320@325 and ChTysol-
te at GO to CPS, clo,ing at 6ls- south Pacihc
'eTy active ana weak, declining from 10 10
., closing n. 1000 The stock was raided, Clique
,rokers bearing the market. State Lines, 2@3;
Ieclsned fra at So 10 81 closing at a. HON Sill
Ier declined to ], 100. sales At both Exchanges,
IL, LOO shares.