The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1882-04-19
FINANCIAL and COMMERCIAL
MONEY AND STOCKS

There has been steady increase in the supply
of loanable funds at the banks aud rates of dis
count are easy at 7.aS per cent. The demand fol
loans is only light, and there is very little mer
camille paper Offering.
Exchange continues very scarce and in de
mand at fifty cents premium between banks.
Hew York Financial Market.
NEW YORK. April 17.-Money-2@4 per cent
closing ct per cent
Prime Mercantile Paper-5@5X per cent
Government Bonds-Strong throughout and As
were bought up to ms II is reported that Van
derbilt. instead Of contemplating sale of the 4
per cents which he holds, and on which he has a
profit of S. ooO 600 TO s75OO.OcO. is buying more
per cents with money derived from the sale of
railroad stocks.
In the railroad bond market Texas and Pacific
Land Grant Income advanced 10 90 from 6j54 aud
rescted TO 65: Texas and Pacific rio Grande Di-
vision frsls advanced TO 81 from $3.50; Northwest
coupon gold bonds to j27 from l25IR; Kansas and
Texas general mortgage 6s to s2H from Se14; New
second consos 10 9i1S from 953s. and c., c. and l..
G. incomes 70 5Jts from 40.
Share speculation was very dull early in the
day, with the market inclined 10 Grmness, until
about IL O'Clock; the market then became de-
cidedly weak and more 6ctlve. mainly because of
belief that Vanderbilt is again selling stocks,
principally Reading but also of the Companies
with which he is more closely identified. During
the early part of the last hour there up
ward reaction Of 15dlH, the latter for Canada
Southern to 49, The market then be-
came weak and so continued
10 the close, when the lowest prices of the day
were generally made, the decline in the last hour
having been led bT the Lake Shore, which was
sold down 10 1914, and by the Jersey Central to
9S%. closing prices 1a@3Zc below those OF Sat
urday. The weakest stocks TO day were the Van
derbilt and coal shares
Transactions aggregated 425 600 shares-37, 900
Laekawanna, 1900 Denver and Rio Grande, q, 0O0
Erie, 1000 Lake Shore, 10000 Louisville and
Nashville 1909 Missouri Pacific. 10000 Michigan
Central. 1000 Northwestern, 5000 New Jersey
CNntral. 36 900 New YORK Central, 5000 North
ern raeidc, 10000 Reading. 1900 st. Paul,
10000 Texas Pacific, loo Union Pa
eiGc. 1900 Wabash Pacific, 26,OOO Western
Union.
Mining stocks were active and irregular. A
large business was done in Robinson Consolidated
and South Pacific, 81 500 shares of the former
selins, and So GOO of the latter. Robinson opened
at 800, declined TO 295 seller co. advanced to 3l0
and closed at sos. South Pacific opened az I25
declined to 100 closing at the latter figure Chrys
olite strong; opening az 5lS, advanced TO $685. and
closing at 525. Annie active at 1895 State
Lines, Nos. and 5, dull; opening at 65 and clos
ing at g.. The total sales OF both exchanges were
DIS, 295 shares.
GOVERNMENT sECURITIEs. .
,terling GO dAys......IS6 per cent. ex div-.ielA
iteTing, sgt.......sS9 u. 3.
rs. 49, extended. ..1ol New q. 8. 4s...-....-l2l
NoTE-The purchasing price for Government
'Ouds in Indianapolis varies from the New York
quotations 1S9l per cent.
BONDS.