The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-29
FINANCE AND COMMERCE.
MONEY AND STOCKS.

The Day in New York-An Irregular Market,
Accompanied by Slight Advance.
NEW YORK, Oct. 27.-Money 203 per cent,
closing at per cent.
Prime mercantile paper, 607 per cent.
Sierling exchange Bankers bills dull at
4s1l4 for sixty days and 484 for demand.
Government bonds were strong.
Railway bonds were irmer.
State securities we're quiet.
Stocks opened irregular to-day, hut soon be-
came firm and prices advanced 140144 per
cent, Michigan Central and Oregon Il Trans
continental being the features. Before the first
call there was some disposition to sell and prices
sagged l401ss per cent, Oregon & TranscOnti-
mental Milwaukee & St. Paul, st. Paul, Mime
apolis & Manitoba, Missouri Pacific, Delaware,
Lackawanna & Western, Canadian Pacific and
Central Pacific being the weakest shares.
Toward midday Michigan Central was suddenly
advanced to 80, and there was difference of
a 012 per cent. between sales regular and cash.
1t is understood that Vanderbilt called in 1000
shares of the stock to-day. Another reason
given for the rise was the report that the Grand
Trunk DESTROYS of obtaining the Michigan
Central, and that negotiations toward that result
were in progress. Nothing official is known re-
garding the aforementioned rumor Canadian
Pacific developed strength selling up from 57os
to 6314 on the confirmation of the announcement
that the Canadian government had guaranteed
8 per cent. dividends for ten years on the com
pany's capital stock The furry In Michigan
Central and the strength of Canadian Pacific
exerted a favorable influence on the general
market during the remainder of the day and
prices rose l403 per cent. Oregon d TranscOntt-
mental rose from 446s to 476s, Northern Pacific
from 2S14 TO gig, DO preferred from 63l4 to
644, and Oregon Improvement from 1919 to
761s The transfer of the Northern Pacific suits
TO the United States courts created "a mnch bet
ter feeling Wizards. Western Union was
nOticeably strong, pulling up to 70. The stock
was in good borrowing demand and commanded
Jig per cent. for use. The short interest in
shares has increased during the past week.
Near the close Canadian Pacific ran off to
61@0617s, and the general market declined
frActiOnally on sales to reaiz-. In the final
transactions the market was firm. AS COM
pared with last nights closing, prices are l2D319
per cent. higher, the latter in Canadian Pacific.
clined to 81 la and rose to 227s0229l; do pre-
ferred fell off to Al and closed at As; San Fran
cisco first preferred advanced l, to SO; American
Gable declined Il, to 621G Cleveland, Columbus,
Cincinnati & indianapolis %, to 6Ol9; Hannibal
q ST. Joseph u, to 3Slo and Norfolk d Western
preferred l, to 60. Sales of stock for the week,
100000 shares, decrease of 66l shares as
scOm pared with those of the previous week.
The transactions at the Stock Exchange to-day
aggregated SCI, 900 shares, and included 5000
Canada Southern; 5000 Central Pacific; $4,000
Della ware, Lackawanna e. Western; 5000 Erie;
willie; 10000 Michigan Central; 5000 Missouri
Pacific 5000 Northwestern; 10000 New York
Central: 5000 Northern Pacific; 80 600 Mi wau-
Eee & ST. Paul: 5000 Texas IL Pacific; $4,000
Union Pacific; 10000 Western Union; $1,000
Oregon & Transcontinenta, and $4,000 Cana
dian Pacific
STOCK OUOT ATOMS