The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-06-05
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository,
Corner Room, Oddfellows Hall.
Theo. P. Haughey, Pres't. H. Latham. Cash'r.
FINANCE AND COMMERCE.
FINANCE.
INDIAN

Business was very brisk with local banks
Malls were large and every department active
The demand for money seems to be unevenly
distributed. While some banks have very full
lines, and take paper with reluctance, others re-
port dulluess and accommodating funds. Eastern
exchange is very scarce and in demand at soc
premium. clearinghouse returns for the past
week show $2,O40,OO0.
The New York Money MarIzet-Stock Trans
misunderstanding Prices of Government So
curities-0uotatiOns of General Stocks.
NEW York. June 4.-Money 2la03 per cent,
closing offered at 2l9 per cent.
Prime mercantile paper sac per cent
Government bonds were strong aud generally
A9A per cent, higher.
Railroad bonds were irregular.
State securities were very dun and featureless.
To-day's stock market has shown a reactlonary
tendency from the advance of last week, which
was due TO the covering of the short interest
more than to any other cause. The market is
still almost entirely in the hands of professional
spectators and room-traders, and the short in
terest being eliminated prices declined. There
is as yet very little support from the outside
public or from the class who buy for investment.
The general prospect for the future OF railway
stocks has been undoubtedly improved by
the probable settlement of the labor
troubles at the West and by improved
crop prospects. The result OF the days
business was decline of Il to l a per cent,
Union Pacific, Omaha, and Laekawanna III
each. Louisville & Nashville, St. Paul and Cen
tral Pacific per cent each, and the remainder
OF the market Il to 1s. Jersey Central closed 81
and Reading per cent higher.
The following announcement was made from
the rostrum of the Stock Exchange:
ITO the President of the New York Stock Exchange.
Notice is hereby given that the Chicago, St.
Paul. Minneapolis and Omaha Railroad Com
pany will Issue at its convenience, after thirty
DAYS from date, an additional amount OF capital
stock at the rate of $4,000 per mile of preferred
stock, and 81, 900 per mile of common stock,
as authorized by its articles of CONSOLE
dation, for the construction of so
45-100 miles of new railroad viz:
40 45-10O miles from the Superior branch
line in Wisconsin, and ten miles of the Bayfield,
road in Wisconsin, upon which lines the oonseli-
dated bonds of the company were recently issued
and listed, The amount of preferred stock wiz
be 5 ,043 shares amounting TO 1904, 800, and the
common stock 1854 shares, amounting to $780,
400 NJ. L. sYKEA.
'Vice-president and Treasurer"
The transactions at the Stock Exchange to-day
aggregated SOS. 900 shares, and included Cen
trail Pacific, 5000 Delaware, Lackawanna Il
Western 10000 Denver & Rio Grande, 5000;
Erie, 1900; Kansas & Texas. 5000: Lake Shore,
5000; Louisville & Nashville, IL, 000:N orthwest,
5000; New Jersey Central, $4,000; New York
ing, 10000; St.Paul & Omaha, $4,000: Texas
Pacific, 5000; Union Pacific, $4,000; Wabash
Pacific, 5000; Western Union, 10000
STOCK QUOTATIONS..
EXCHANGE AND GOVERNMENT SECURITIES.