The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-01-20
FINANCE AND COMMERCE.
FINANCE.

INDIANAPOLIS. Jan. 10.
Bankers report a fair borrowing demand for
money In the local market. The supply Is ample
and an easy tone prevails. The exchanges of
the country continue In favor of the large cities,
showing that there is a large return flow from
the country Of the currency which has been so
freely disbnrsed during the past few months for
grain, pork, etc. This comes in good time to
liauidate debts and to be available for prepare
tions for the spring trade, which there is good
reason to think will be unusually large, for we
nre now to begin TO get the legitimate results OF
the good crops; we have already seen partial re-
suits in the decline in value of nearly all kinds
Of commodities, especially breadstuffs, provis-
ions, cotton, iron. and many articles of foreign
import; but the,better part is to come, and that
is an increased demand. which is the natural
outcome of the lower prices and the increased
ability of consumers to purchase whatever they
require
The New York Money Market-Stork Trans
acknowledging Prices of Government Sc
eurities-Quotatiops of General Stocks.
NEW YORK. Jan. 19.-Money, 305 per cent:
closing offered at per cent
Prime mercantile paper, 5le96ls per cent.
Dry goods imports for the week were 81 1877,
900.
Government bonds fraction lower.
State securities dull
Notwithstanding the reaction Of Yesterday az
ternooD, which was caused partly by some renli-
cations stocks in which holders had profit.
the stock market advanced during the first hour
and quarter of business, and at about 11:30
the general range of prices on the active list was
higher than at any previous time this year,
which shows that the genersl course of the mar
ket for the last ten days has been upward. At
about 1880 prices were from ia02ls per cent
above the closing figures of last night. After
that time there was reaction in the Wander
biit stocks and Union Pacifics
which caused a fractional decline in all
the rest OF the market. win the
reaction the market became dull, until, in the
last hour, withonI notable dealings, prices be-
came firIner, and the market closed firm. The
most active stocks in final dealings were Den
yer, Western Union Union Pacific, and Della
ware, Dackawanna d. Western. In the forenoon,
Michigan Central, Canada Southern. Missouri
Pacific, Denver, Oregon & TranscOntinenial
and Northern Pacfcs touched thu highest prices
made for them this year, and many of tine other
stocks were up to the highest previous prices
The decline in the afternoon leaves the net re-
suit of the days business and range of prices
irregular, as compared with the close yesterday,
but generally firm.
TRANSACTIONS, $4,000 shares, to-wlt: 5000
Canada Southern, 81, 900 Lakawanna & West
ern, &C. 600 Denver d Rio Grande, 5000 Erie.
1000 Kansas & Texas, $4,000 Lake Shore,
5000 louisville & Nashville. 5000 Michigan
Central, 1000 Missouri Pacific. 1000 New Jer-
sey Central, 5000 New York Central, $4,000
Northern Pacific, 1900 Reading. $4,000 st.
Paul, G,000 St. Paul d Omaha, 5000 Texas
Pacific, 81 900 Union Pacific 10000 Wabash
Pacific, % 600 Western ulonn, 5000 Illinois
Central, $4,000 Oregon Il Transconilnental,
1900 Richmond & West Point
STOCK QUOTATIONS.