The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1882-03-15
FINANCIAL And COMMERCIAL
MONEY AND STOCKS.

There is no change in local monetary Affairs
worthy of note. Rates of discount continue firm
at 7as per cent and the demand is equally as
heavy as during the closing days of last week.
Exchange is quotably unchansed and scarce,
| commanding a premium of fifty cents between
banks.
New York financial Market.
NEW YoEx. March 1s.-Money-S@ix per cent.
i per annum, closing at 4.
Prime Mercantile Paper-596 per cent.
Government Bonds-Unchanged except for ex-
tended 5s, which are q per cent. higher.
Railroad Bonds-Moderate,y sctive and gener-
ally higher.
State Securities-Irre ,ular, hut in the main
/ frmer.
Share speculation opened in the main weak
and 19@z per cent. lower man The closing prices
of Saturday-New Jersey Central, Reading and
Memphis and Charleston being prominent in the
decline. In early dealings the general market
| fell of Ik91 per cent, the latter for Delaware,
Lackawanna and Western, while New Jersey Cen
trail sold down 81 per cent. al AZ. This was
succeeded by an advance ranging from 4 TO per
cent-New Jersey Central. Missouri Pacific Deia-
ware, Laekawanna aud Western Western Union
and Nashville and Chattanooga being the most
conspicuous in the upward movement. New
1 JClbel OCullhl hlkClhoAU cfAA NoNh eAN 49,
vanoed ~ per cent. ard Louisville and HASH
willie fell Of = ard sold up rs per cent Suisse
quentlya decline Of ss9114 per cent in the gen.
eral list and 2% per cent. IN New Jersey Centrel
was succeeded in the early part of The afternoon
by an advance. the market selling up, with occn-
sional fractional reactions, 14931. per cent.-New
Jersey Central. Missouri Pacsdc, Reading and
Western Union being the most prominent in the
upward movement while Richmond and Dam
VILE fell of per cent, TO 10. but aftsrwaId re-
gained , per cent. New Jersey Central sold down
II and recovered per cent, aud Missouri Pa
ciGc fell oil l and sold up IL per cent Su6se-
quently decline OF 1sG212 per cent, New Jersey
Central and Missouri Pacific leading therein, was
followed IN late dealings by an advance of "a
~ per cent-New Jersey Central, Missouri Pa
/ cIhe, Delaware. Lackawanna and Western and
Reading being prominent therein, while R'cn-
mOnd and Oanville sold up ga per ceat. TO ll151.
In fHal dealings New Jersey Central fell oil
| II per cent, aud Delaware, Iackawanna and
Western y per cent. Tae market closed hrmer.
A drive was made AZ Western Union, with the re-
suit that stock sent from 1914 the opening
price, To 7Sjs This may not have been the in
tentlOu of attacking the party, but such was the
outcome OF assault according to the Stock Ex-
| change record. Strong men in the market not
alone speak in confident tone, but point 10 the
fact according to the best authority that Jay Gould
holds to-day. Of his original purchases, over S1O
600 eco of stocks. On this point the Post has the
| following. We nav e been told by q gentleman,
who wss present, that Jay Gould. this morning at
his private office, showed the following stock, TO
w.t. 2S0OOO shares Western Union Telegraph,
l23 600 shares Missouri Pacific, AID 50 GO shares
Manhattan Railway: that all this stock stood il
his name, AID that no one of these shares had
been Endorsed by him, which latter is prima
| facie evidence they could not have been out of
his possession either collateral for loans for
delivery ON sales; that exhibit was made 10
refute the charge that ne had parted with these
securities; also, he expressed Willingness II the
party would take time, TO show them various
| railroad bonds of par value about $50, OOO,OOO."
The Commercial Bulletin in It's financial GrtI-
ce says: at the Stock Exchange there was
marked change I'm the tone If speculation. this
change having been toward the improving OF
prices. This change was due first TO a report
which found many believers, and was corrob
Grated BY circumstances in the market TO the
effect that since SATURDAY several OF the wealthy
spectators, including Vanderbilt. ID. o. Mills
Jay Gould. Cyrus Field Snd Russell sage. had
agreed in their respective stocks 70 place their cap
ital and skill against that of other large specu-
Ia or, working on the bear side, who have many
millions of dollars and The prestige OF success in
their recent campaign for lower prices aud who
are also masters Of the art of manipulating the
market. Among the number Of the latter most
conspicuous were j. Z. keene, II. y. Smith, w. X.
TTayers and Addison Cammac. The second reason
Tor the chang tone was was that Jay could, be-
fore the opening of business. 10 refute rumOrs
current he was in a tigIt place, and that he had
sold his fayOrte securi les. made an exhibit to a
party OF representative men of some OF the stocks
which he has In his strong boxes. These stocks
being IN his name and not Endorsed by him, the
stocks mad neither been used as collateral for
leans nor for delivery on sales.
From gentlemen present We learn he showed
5000 shares OF Manhattan Railway, par value,
sj,cC0,tC0; 10000 shares OF Western Union Tele-
graph par value S23 00J 600; and $4,000 shares OF
Missouri Pacific, par value sl23OO,OOo; and also
offered to take out, for their count, of various
safes, railroad bonds 6f the par value OF $50 co.,
600. which last offer was declined by the inspect
ing party. These circumstances, together with the
do ward turn in foreign exchange and news
that Sl5G00.000 more of go per cent bonds are to
be called soon, to natures 600 eco per week, begin
ming with the week ending May 3, gave an under
tone To the market very diff rent from the bot
tOmless pit foundation which IL appeared to have
Ia late days last week. OF the entire list, the
important stock which closed lower than Satur
day was Jersey Central. the remainder of the list
closing l4@l54 higher"
In the afternoon the whole stock market was
decidedly strong. although still feverish- The
Commercial Advertiser says, in the last edition:
The speculation shows great strength and conf
dence in higher prices. aud resistance to recovery
in prices early in the day has thus lar added 10
the eagerness of TIE buying party to get IN at
higher prices y
Transactions. S75 600 shares.
Mining StOcks-Fairly active and steady. A
very la-ge business done in Robinson and State
TO SS5, aud closed AT $50; State lines and fuc-
tuGted between IS and So South Pacific. ESQ
80, closing al 2i0; Cheyrolie, sl0dil5 aud Annie
2SS29. Total sales at both Exchanges. 1885,
shares.
GOVERNMENT sEcUEITIEs.
sterling, 60 days...4S519 per cent. ex. div.102%
Sterling, sght.....4S92 U. s. 43s...-.........llSI
SIS ISL extended. 1907 New U. 8. 4s.........IlS
NoTE-The purchasing price for Government
oonds in Indianapolis varies from the New York
quotations 1x91 per cent.
BONDS.
Pacific 6's...-.........125 Tennessee, new.... As
Cent. Pacific hrsts..-1l41< Union Pac. frsts..-1l5
arte 1nds 92lz U. p. land grants....l15
Lebigh & Wfks ....10S1z U. y. shaking fund lis
Louisiana consols.. 6319 Virginia ...-........ "a
Missouri 6's........1l2A Virginia consols... coz
st. Joe..............-109 Do. preferred.......1l3A
g. p. d $. Q. frsts1l1 4 Tex. p. land grants. 6o
tennessee 6's.......-. 49,
GENERAL sT0CKg. a
(. P, Rio q. div... 79Z Northern Pacific 30S
adams Express......-l40 Do. preferred......... 40
Alton & Terre H.. "a Northwestern. 1871
1. & 7. II. pfd...... 2j1zl Northwestern, pfd.-139
American Express % New York Centrai-130A
3uTl Cedar 4 & N. 20 Ohio Central .......... 1SM
csuade Southern. 455s Ohio & Mississippi 3l34
J., g. IL l. G. ...... 10 %. d Miss pfd......... s054
CENTRAL Pacifc..... $50 Ontario q West'n 221s
Chesapeake & OHIO. n y Pacific Nail. 3915