The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-16
FINANCE AND COMMERCE.
FINANCE.

The New York Money Marltet-StOck Trans
acknowledging Prices of Government Sc
curities-Quotations of General Stocks.
NEW YORK, Oct. 15,-Money is easy at 2 02l8
Ser cent. Closed at . per cent.
Prime mercantile paper, 607 per cent.
Government bonds strong and higher.
Railway bonds lower.
State securities were featureless.
To-day was another day of depression IN the
stock market, the weakest group being the coal
shares, which we're all, except Erie, from Il to
23s per cent. lower. Next in weakness were
Northern Pacitics, Oregon & TraDsconinental
being especially so, and selling at Al, which is
Ga points below the lowest prices ever touched
before to-day, while y orthern Pacific preferred
was firm through the day, and only % lower at
the close. Southwestern stocks were qulet,
though from Il to q lower. Union Pacific closed
u lower than Saturday. Notwithstanding
the pool the Vanderbnts were the tirmest stocks
on the list, and show no important declines from
Saturday. The report that the combination OF
coal companies was being IGNORED
the decline in the shares OF the coal roads to-day.
President Sloan OF the Lackawanna, pronounces
the report false He says the companies are
working harmonionsly, and that he knows of no
cutting of rates. The fact that the anthracite
coal production has bee about 100000 tons,
10 per cent. more since the beginning OF tae
year, than during the same time last year, and
that stocks are large and the demand light, mas
caused the apprehensions of rate cutting. which,
so far as known, have not been realized The
Reading, Lackawanna and Pennsylvania com
panies say they dispOsing of their full pro-
duction, and are in favor of continuing produc-
ton at full time, but it is Understood the other
companies in favor of curtal1ng the produe-
lion. The pool in Union Pacific stock is reported
10 represent Ga, 600 shares, as follows; Gould,
10000 Belden, 10000; Dillon, 10000 Ames,
1000; Sage, 4 900, and Boston parties. %, 600.
Oregon & Trascontinental was depressed for
the purpose of forcing the pool to ltquidate.
The ''hears" made comparatively little impress
sion on Northern Pacific.
The general market, outside the stocks named,
-7iiIe weak, shows no special declines. AS COM
pared with the close on Saturday, prices are
down 5l4 per cent. for Oregon d TraEseonti-
mental, 4214; g for Northern Pacific. at 70 81;
15s for preferred at 90; for Lackawanna, at
1853; 2Ss for Delaware & Hudson, at 1929; 1l9
for Canada Southern, at SAL 1ss for Omaha, at
Sale; 30 for preferred, at "a, and the remainder
Of the list 1e to 81 per cent.
in the specialties, Alton d Terre Hante de-
clned per cent. to SO; Chicago, st. Louis q
PittshuTg preferred 45s. to 50; Nashville u
Chattanooga, l, to 53, and Oregon Navigation,
1 l9, to 11sla.
The transactions at the Stock Exchange to-day
aggregated 402, 900 shares, as follows: Central
Pacific, 5000; Delaware, LacRawanna West.
ern, los 900; Denver IL Rio Grande, 1000; Erie.
5000; Kansas e. Texas, 5000; Lake Shore, TO-
900; Michigan Central, 10000; Northwest, T.,
900; New Jersey Central, 5000: Northern Pacific,
81 ,OoO Reading, 8, 900; st. Paul, 10 .000 Texas
Pacific, g, 1000; Union Pacific, $4,000; Western
Union, 5000; Oregon a. Transcontinental, 64-
O0o Northern Pacific preferred, 5000; Wabash,
5000,
STOCK QUOTATIONS..