The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1883-08-15
.glAlNClsE hNh eefsEeaIlL


lHeTc II a LEVER 1eelluB monetary ctrCleS- -
receiver has been appointed for the Indiana Bank
ing Company. and the depositors have taken ar
ton to protect their interests The demand for
loans is quite heavy a q the banks are exactiag
full rates. The supply # lolaable funds is equal
10 snlegitimnte demands. hut there is no over
supply b any means.
New YORK Financial Market.
axW YcRX. Avg. - Move, Easy at 21zg3 per
cent. Money rose 70 per cent. bid at tho close;
the advance il due to the snifiog OF loans incl
dental to negotiations now soiug On.
Prime Mercantile Pager Sac per cent.
Government Bonds-Lower for & aud rs.
Railway Boncs--A frsction better Tor some issues.
State Seourfies-Dull.
The stock market opened nervous and from \ to
IL per cent lower tran the closing prices OF sat
urday There was immediate and active selling
by q good many holders Of long stock, ca wen IS
by bears and In the FRS. thirty-GEe minutes fur
ther dsclire ranged from Is TO SO per cent the
latter Gu Omaha common, % 671S. For the next
fifteen minutes there was q fner feeiiags and
there was upward react n Of 14gl's per cent.
the latter on Western Union. to a.. Part o. this
recovery 1es< Per cent, the latter on Nsw Jersey
Central and Oregon and Tfanse0nhnental. was
however lest lu The uext twenty uli2at-s,
II ousl The msrkef remaine7 comparatively stealy
Al l2..U Cclo. J. AID sorne stocks r. en- up OF
eIeling price Of thc y, VIZ, Laci.lwanns, West
t1n Union, s. Paul, Reading, Kew York Central.
Missouri Pacific ca a6a Pacific ana Dsnver. Al
Of cr stocks were lower than opening psiees and
al stocks on the lisl were below closing prices sat
uicay.
Tnusactions lie FIRST hour and aali aggregated
2g0 eOy shares. After 12;s0a savsgs atsokwss made
y me market. the iofce OF wnich YES directed
seai1si the Oregon and Transcoauhenfal, waiea
was s;cadily hammered by sales Of about 1900
sharet fson co at 1880 down . So ut about I:s0
but from which Il rapidly reacted by ? O'Clock 81
81 Outside this the stock decline in the
hour to 1880 WAS Z to SH per cent,
latter Central Pacific. 70 625z; Richmond al d Dan
ville 81 5 20 63: Northern Pacific preferred. per
cent. ~ Is sud Is common to So. - On
GuiCn Pacific 10 500; e Oh OmshR ~ 800; ls<s1a
Louisville Gr0 Nashville % IS; Ia GA LacSGg4naG
10 1905 "a Texas a. PaCidc 10 25; 81 Paul, -
10 s9Ss; New YORK tentrai "a u il5,a; western
Uniin ~ 70 753s; Ia on Missouri Pacific to % s;
Us q, Lake shore . 1875; IA GA Canada Pscha
"a 5-s< ~ rs on Kansas apd Texas 70 n per
cei {. 4 Denver 10 81. per cent on Jersey Co.
tfsl to 81 ard = TO e on the reminder Of the ls'
From these extTen nc declines there was oIet-
IL ger eTel recovery before .'cloeg, whicl
IN Csse Oregon ard 1ransconiineutGl, IS
stated above was 2 per cent, ana from s
10 ~ on he remainder OF the list The rscovery
however, left prices largely below the prices a.
1880. In he last hour me market was a. rst weak
er and there WIS a further decline OF per cent.
on NOItbUts iern and from a 10 - on the remain
der OF the iist latter cn Northern Pacific q
~
Oregon and ira1.eontinen al Between 2:30 sud
$50 there wa recovery Oi q 10 per cent The lat
ter on Northwest m 10 i2i But tais recovery
was lest before the close, which. however was iirm
IN fnal dealings. Denver sold ~ % 29kG J<.
Lake shore sno New York Cent al we're alm = the
only stocks that we're very finn ~ The Close u sn-
toba weak, and declined from lO71< to 1055S.
the last price being lC6.
The suspt nsion Of he commission stock broser-
sge house OF Cecil Wsrd d Co. was announced on
) Ccx ExehaGge about $50. A member Of he
firm stsIss the Liabilities are between SO 600 "a
$40 GO. From the Evening Post: The furry in the
stock market which hes now en- in progress fpr
three days, bas uuquesiiOaaoy beeu hfOu sht
about mainly by FL RS on the part OF Interested
parties 10 create alarm sOort the general sitlstOn
ofrallroad finances. failures OF mercantile houses
and bal ks IN various parts Of the country, and has
undoubtedly increased the feeling 81 distrust that
has been prevalent for thee months; aud these
circumstances would probably have cluSed a
gradual decline iD the D. ice Of stocks anyhow bu
the rumoTs referred 10 hare psecipit tted the de-
cline The following letter was received this
morning from Mr. Willard, President OF the North
ern Pacific, sud explains Itself:
To the Editor OF the Evening Post:
SIR Permit we 10 6orTeCt at the earliest possible
moment. through your columns. an G5Omins ole
falsehood which appeared in Grrcle, The 81
nenoial Wcrld, in yesterdays issue OF the New
York Times, regarding myself personally and
Companies represent. This article alleges aat
'it is stated on good authority that the Willard
syndicate have bought no less than 600 shsres
Oregon ana Tr6nEcOntineDtal and Northern Pacific
during the past three months, in the effort TO
tain prices, aud II alleges further that In doing
this business OF sustaining they nave had 10 Dor
u.
big house and 5000 GOO from another" deny
these statements IS wholly false. None of the
c mpaDies represented by me, or any syndicate n
which an interes ed, or NY eli personally have
ever boueht a single share OF any vi our stocks 70
sustain the market pi3ca, nor he's there been
q single dollar borrowed in sterlipg. marx
OF in eny other way, Tor allsged purposes
By aBy o. cur corporations OF auy syndicate Ga
which an interested b. myself personally
improve this opportunity also 10 correct another
ialsehood which has besn circulated through the
press for some time Dast y the effect that the
OTegon and TrSns continental Company has re-
Gently been selling treasury stock The Compa-
NJ has not sold single share OF stock within the
pssi four months. during which time It's caDial
has remained ct $4,000 OCO undlsturbed. It should
be understood, moreover that tds Company hiss
never bought any Of its own stock. nor will 1t do
so as loDg IS TIE present Board OF Management
H. WILLARD.
Transactions were 5s1. 600 shares: Canada South
ern, 100; Central Pacific, Coz; Lacka wanna, 70
ttO; Denver. l2,tCO; Erie, 56.0l0; Kansas aud Tex
IS, 12Oc0; LaKe Sh0re, 1900; Louisville aud
Nashville. 1&Oo0: Michigan Central, 5000; Mis-
Jersey Cenusl. llnOU; New York Central. 5000
Northern Pacific, 81 Gee; Northern Pacific preferred
1lCt0. Reading, 900, ST. Paul So 90; ST. Paul
Pscne, 90; Union Pacific. &c. o2O; Western Union
1900: Oregon and Irsnsc0nuuentsl, 1908; Wa
bssh preferred. 1900; Canadian Pacific, 500;
Mining siocks-DuH; no grade, Jos and 100;
Chnsollte, l05 70 100; Horn silver, SIS; Rayajo,
3ooo; x binson IS: Little Chief Il to ~; Sonora
Consolidated, % 70 Is. Sales for the DAY, 81 T75
shares.
Pipe Line Certificate Very dull at 1907 70
l0s5t closiI on call ct los.
s0VEREHAHS sza1nTzrss.
sizzling, 60 days.... IS o. g. s1Sa-........- 1l2z
sssEiins. xig0s....... s6jz Esw .. S. ES.... 1lss
sfpe- cent. bonds...-i03,zl
EcTx-The puroasElng P-tca Tor GcyernYoent
oopCa 81 indianapolis ves-f< ir07S gha EsT Tsrk
z1stasiozs zgl PEI cent.
ccN1s.
Psei1e SIS ---- Ills Tennessee New. S7H
Cent. Pacific 1Ists. III x Tex. ?. land zre1ts- 81
f9 SECONDS ......-.. 921S Tex. ?. Rio GTande. 70
Lehfeh q N2lks--.. iC51s Union PRe. drEta..-1l1H
Luisisra CcBscis 60 u. 2. land grants - 9Z
kixs0un sg......- .-.ic6 O. P. sinklna fund -.1l7
81 Soe...- .-....l09 Virgfnt8 Co., ......... Sc
g. =. 9. q, 1Ists ..l4 Virgins ccn70iR ...... IS
renuastee 80. .--.. 80 DO. deferred ..........
eEnszAL STOCKS.
AdenE xxDress..-.-.l35 Nashville q Chst-... 81
Allegheny Central. ~ s. J. Central. ....-.-s- ~
Alton q Terre H..--- 80 xlrtoik a W rid. IS