The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-15

Uon penang tne eetIleInebt OIL tne rust NatIondl
Banks affairs.
The calls for money pressing coming principally
from manufacturers. We hear loans reported at
over per cent.
Deposits, checks and mail all in large volume.
Eastern exchange sold s5O 50 50 per tho usand
discount
Limited amounts of Cincinnati and Chicago
Aanded at 81 discount
The New York Money Market-stock Trans
acknowledging Prices of Government Sc
neutrality-suspicious. of General Stocks
NEW YORK, Aug. l4.-Money in better demand at 4
a. per cent, closed offered at /.
Prime mercantile paper, 5ta6 per cent.
Government bonds lower for tours and four-a nd-a-
Aalfs.
mortgages more important than for time
past Iron Mountain generals dropped lOk points, to
81, Oregon Transcontinental frsts to 30, Denver
Rio Grande consuls 81, to $50. and Denver Rio
GrandeW estern frsts 8, to ~.
State securities dull.
The stock market opened a to IN lower than at the
close last night for the general list of active stocks
the largest decline being Wabash preferred and
Omaha preferred. The pressure to sell at first
only moderate but increased by heavy short
selling directed against Lackawanna St. Paul
Northern Pacific preferred Oregon q Transconti-
mental, Lake Shore. Union Pacific and New York
Central. The effect to bring out pretty large
amounts of long stock of the last six of the above
under which they all declined carrying the of
the market with them and causing considerable
amount of other stocks to be thrown upon the mar
ket Among these was Burlington Quincy which
declined "a cent. on the sale of only about 1900
shares which was probably nearly all long stock
The extreme decline reached at about lO:3e
ut which the decline Oregon Transcontinental
was "a Burlington Quincy ~, Jersey Central ~
Z Northern Pacific common aud preferred IL. Pacific
Mail 2, st. Paul IL. Western Union "a Lackawanna
1% Illinois Central lie, Lake Shore 49, and Wabash
Ia. From these extreme declines there a general
and very rapid recovery by II o'clock, ranging
to 5x per cent. the later Oregon h
Transcontinental, to 6lS, and from that time until
II o'clock the market continued firm
and there evident recovery of confidence not
the prospect for the future Of the general market
break artfcially produced and that without the
hammering Of the bears the market would only have
the e s . to w eSek at which time he
nounced. The snnonncement Of the failure at first
caused decline of e to I5s in the market, from which
shore. At 1880 the market 4 the highest prices
ysTs nay T t g111 sa m TO ESQ sb
100 shares After a the market az Was sat first strong
latter 6riFSP with
On M The latter I
nents., with " on Wabash preferred, Northern
ssd FL than .@s fs:t list T.sss sR"PSs:
ins time, also were begun the sales for account Of
BaIlou Co., and during the day Is1 on shares of
of the firm. The majority Of the oeks elosed out
Ga e. great q @ cS on
short sales. The stocks bought in for their account
Lsske%a9Ss. %, Central Paci6e sqa reading
IRE 20 mutual t SniS S ICa New ork Central 20
Shore 8oi Narthern Pacific 100 Texas Pacific 800
Union Pacific !, 90, Wabash TO- Kansas a Texas &c.,
The feature Of the market in the last hour was
Sea9e OF 81 PET cent IN western Unign to Ky
pretty well sustained during the day, the largest
ne sfg Il en- e 6TT part IF the
Rumbsf Of stop orders were in the market which the
moved the market moved up again. clearly indicating
that the lis nHeh Str9ngeT than generally
rs Of the decline in the previous half hour The whole
~ the latter on Missouri P Pae and When new
Union recovered, the rest Of the market did like
wise to limited extent. In final dealings the
f 6 S9 Ss sS to s M9sr Us0p
over the closing prices Of last gh for great major
ity of the stock The following stocks were higher at
i@sk, Union Prcdc X, Colorado coal II, cleveland,
SSce Erie q Missouri Pase e9 YaT
Ssntrsl u, Northwestern j. Rock Island iyf, St.
from these mentioned, all changes mp or down were
The Evening Post says the majority of operators
inclined to the belief that the
entity now subject to than any
time t9r ysqr and though there is nothing
Torant further Decline some violent fluctuations
est current to the extent of the fail fall
of Balou Co and it's At the Office of the
frm of the part said New England customer RS
had failed to respond to calls for margins. the
of the failure information could be gained
from the partners but the floor of the Exchange
believed that &luo,9uo would allow the house to
it's losses The firm is very positive in declar-
ing that everything will be made right as its
resumed within a day or two. Many timid brokers
who saw wild rush from Broad street toward Wall,
in order to get the truth from the firm believed that
the worst predicted yesterday by the bears
to final collapse of the market about to ha
pen. Frederic L. Talcott said he looked upon to-
diy Snsnes IN Wal o street as marking the begin,
sink lower than at present, followed by a strong up
ward movement lasting all winter There was no
the world why any panic should be fea red
the business Of the country being excellent condi-
iion and the outlook for large export grain
icing unparalleled. The conditions which preceded
aid not believe the failure of Baou Co, would af-
feet prices unless Il to send them up The
effect of such failure of course bad a the
fss e sSld i0SSTd this seSntFy be;
tnumber of leading bankers expressed Themselves as
ceiling confident Of future liqn dations going
Tor some time. They have resulted in placing the
market on healthy basis, and already there in
hications OF investments as the public, both here
apl abroad, are purchasing
The sales Of stock, according the official list Of
The Stock Exchange. amounted TO So 10 shares A
broker who did not leave the all day estimates
them at fully 700, 600 shares Canaa Southern, 5,O0t
Central Pacific, 1900; Delaware. Lackawanna &
Western, s., 600 Denver and Rio Grande, II, U0 Erie
$1,000; Kansas Texas 9O0I Lake shore 90 400; Louis
Northwestern, 900; New Jersey Central 1000 New
York Central %, COZ; Northern Pacfc a. TOO North.
rn Pacific preferred, 49, 900; Reading, loo; ST. Pam
Omaha, IS, 600; Texas Pacific 400; Union Pacific
I00o; Wabash Pacific 5000 Western Union, ~, 900
oregon Transcontinental, 1900; Wabash pre-
erred ll,on Canadian Pacific, 1900; Chicago
Burlington Quincy, 1000
STOCK QUOTATIONS.