The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-06


at per cent. The inquiry comes from various
branches of trade as we'll as from the manufac-
turers, and would seem to indicate better feel
ing in trade. Counter business is only fairly
active. Eastern exchange is in demand at soc
premium.
The New York Money Market-stocIk Trans
acknowledging Prices of Government Sc
curities-Ouotations of General Stocks.
NEw YORK, Oct. 5.-MOney easy at 21903 per
cent.
Prime nero >ntile paper, 607 per cent.
Dry goods impol'ts for the week. S., 948, DOC.
Governments strong.
Railway securities irregular. In railroad bonds,
after 1870, Atlantic & Pacific inccoies advanced
TO %; New York, Chicago & st. Louis nrsts to
99ss; Northern Pacific firsts to 103; Texas & Pa
eifio land grant incomes TO SO, and Ohio Ceneral
firsts to 69la06S. Burlington & Quincy de-
bentures declined to 91l4.
The stock market very much more active
than yesterday, and whereas yesterday it ap-
peared to be almost entirely in the hands of the
bears, to-day showed that there was contest,
the result of which was that the general list of
stocks closed higher than yesterday. Specula-
ton opened strong and higher, with an advance
of Il to liz per cent. in prices, Wizards showing
the greatest Improvement. Before 1890 the
most violent raid of the year was made on Lack
awanna, driving the stock down from 1874 to
l17l4, about 100000 shares changing hands on
The way down. This sharp attack was caused
by reports that the Delaware & Hudson Canal
Company had reduced It's price for coal to July
figures. The whole market weakened
under the severity of the assault Northern
Pacific declined 1, to 371e, preferred 1 81, to
594, Oregon q TranScontinental ia, to
40, Union Pacific 1l9 ito S6l9, North
western lie, to 1914, and the remainder
of the active list 40l per cent. Afterward the
market was irregular, but in the main firm,
prices generally showing an Improvement of 4
al q per cent, Northern Pacific preferred lead
ing. After midday 1t was officially announced
that the Delaware & Hudson Canal Company
had not reduced rates, and that the early rumors
were dur - the fact that the company had been
filling few old contracts at July figures This
mad lttle or no effect on the market i,tter on
the attack on coal STOCKS was renewed, aud with
vigor, shares being forced down to the lowest
point of the day, 1863. Meantime Wizards were
strong, and were steadily absorbed on the belief
that the companies and friends had decided
upon q plan of action whereby the finances of
the roads would be Strengthened out The buy
ing of the shares mentioned was OF better
character than for long time, and handsome
advance established. Northern Pacific rose
1bs, preferred 1ss, Oregon & TranscOntinental
2lo, and Oregon Navigation 3. The sharp rally
induced purchases of other shares for both ac-
counts and Lackawanna rallied TO 1873, Del
aware Hudson 10 1904, Jersey to SO3s, and
Reading TO sos. The market left off very strong.
AS compared with last nights closing prices are
L. ls per cent. higher for the general list and
III to per cent. higher for Wizards. Coalers
were $50 1sc lower. The selling of Union Pacific
was due to rumOrs that the company's earnings
last month showed a decrease of 5000, and
reports that Gould and Sage would enter the
Northern Pacific directory. Memphis d Charles
ton rose cent. At meeting of coal
company representatives. to-day, it was said that
no reduction in rates now looked for.
The Northern Pacific company has made APP
plcation to list $3,75Oo0o general mortgages,
and the Reading to list 100000 deferred in
come bonds. The latter company, in its appli-
cation, states that 1t will earn to per cent.
its share capital this year. The directors of the
Northern Pacific Railway Company will meet
tomorrow, when some action will probably be
taken relative to the proposed new issue of
bonds.
The transactions at the Stock Exchange to-day
were heavier than for some time past, the total
being 6o3,Oo0 shares, follows Central
Pacific, 5000; Delaware, Lackawanna & West
ern, 1872 900; Denver & Rio Grande, 5000: Erie,
$4,000; Lake Shore, 10000; Louisville & Nash
vile, 1000: Northwestern, IL, 900; New Jer-
sey Central, 10000; New YORK; Central, 5000;
Northern Pacific, $4,000; Northern Pacific pre-
ferred. SO, 0eo; Reading, $4,000; st. Paul, 49,
600; Texas Pacific, 10000 Union Pacific, 3d.
600; Oregon d TranseOntinental, $4,000.