The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-09-06

deal Of activity. The demand for money was
hight and was met at z to per cent. Eastern
exchange was discounted SOC for banks and 81
for mercantile.
The New York Money MarlSet-stocl Trans
actions-Closing Prices of Government Sc
curities-Q Quotations of General Stocks
NEW YORK. Sept. 5.--Money in good supply at
R02la per cent. Closed at per cent.
Prime mercantile paper 5l2061s per cent.
Government bonds were steady.
Railroad bonds were frmer
State securities were dull.
There was a fair volume of business, but more
hesitation in the market this forenoon than
yesterday. There was apparently some realz-
ing of profits and quite apparently also some
strenuous efforts to cause break in prices by
the reannouncement about IL o'clock of "a
large failure in Boston," which, however,
proved to be only the same announced in the
morning papers, as that of commission house.
of which the liabilities are unknown, but esti-
mated from 100000 to 100000. The market
opened strong and generally higher, though
regularly so, and continued strong until about
II, when, owing TO the announcement referred
TO- there was downward reaction of a to lie on
Beading TO sos, with per cent. on Oregon &
TranscontinentaI, and Il to g on other stocks.
THIS ueCllne was az HIST phFtt9 fecoNeI6'l, Dul
lost again by 1890, leaving the market Il
10 lie lower than the closing figures
last night. the latter Reading, with
per cent. on Denver and a fraction on other
stocks. The weakest stocks during the fore
1poon were Jersey Central Reading and Denver,
and the strongest t. & N, Central Pacihc and
Union Pacific. After 1890 the market was
stronger, and by l o'clock prices advanced lea
q, the latter Oregon Transaontnental, to Sc u,
Reading to 515s, and Northwestern, TO 1875 q.
L. e. n. was an exception, and advanced lie in
the same time, to so. These, however were
the highest prices, and there was a reaction of
140l per cent, the latter Reading, to 506a- With
81 on Denver, to 255s, Jersey Central to 81, and
st Paul to los: also, So on Lackawanna, to 1928,
L. & N. TO AGA, Northwestern to 1858. Western
Union to 1888. and Northern Pacific common to
407s, and lea p other stocks. The changes
were irregular, though the majority were
fraction higher. In the last hour the stock
market continued strong, and there fur
Their advance of Il ole per cent. over O'Clock
prices, the latter Northwestern. to 1877 and L,
& N, to sos, with l per cent.
ON Canada Southern, to 56A. on Ore
gon d TransconGinental, to 66io Wabash to
81, andsa on;Horthern Pacific common. to l g;
also So on Denver, to 26l4, Jersey Central to
82l9, Reading to 81 Il, Union Pacific to 935s, and
1s0 u in other stocks In final dealings part of
this advance, Il 81, was lost. New York &
Harlem sold at 1924 0194 in the last hour. 100
shares at each price. There have been no pre-
vious sales of Harlem for several months. OF
other similar investment stocks there were also
sales of Cleveland q Plttsburg at 1872. Rock
Island at 123l20124la, Milwaukee & st.
Paul preferred at l198l012Ola. Illinois
Central at 1884 Burlington &
Quincy at 1247s9125la. These prices
as the figures indicate. show an advance
on most of those stocks for the day we'll as
compared with the last sales previous to to-day.
This is more activity than has been observed in
these stocks for long time. western Union
and Louisville 81 Nashville were strong
rumors that Gould, Sage and Dillon would enter
the Louisville d. Nashville directory, and to
statements that the Williams suit, which in
Volved $4,000, 600 new stock of the Western
Union, would be Withdrawn. northwestern was
a prominent feature, rising to 1877 on increased
earnings for the fourth week of August
The weakness in coal stocks is attributed to
manipulatlOns by certain operators who are
snort of the market and who endeavored to
bring about a general decline by depressing
these shares. As compared with last nights
closing, prices are q 10 ia per cent. higher, eX
cept St. Paul, Denver New Jersey Central
Reading and Omaha, which were lower ST.
Louis and Plttsburg preferred advanced 4 per
cent, to 46; Alton & Terre Haute preferred l. TO
81; Chesapeake IL ohio first preferred 2. to ~
Harlem 2, to 1874; Lake Erie & Western 1 =. to
.
Central IL st. Lonis preferred l, to iSlo Rich
mond & Danville 2le, to CTS; San Francisco
common pa, to 27s4, aud American Exchange
! 10, to 90.
The Evening Post says: "Thele are no new
features i'll the stock market to-day, aud the
conditions remain nearly yesterday. Buying
for account OF people out OF the city, and also
for European account continues The result is
prices again show advance though not
large, the closing figures yesterday, as
they have each day over those of the preceding
one for the last week The outstanding short
interest IS sun quite large, and apparently lit
tie progress made in covering to-day, The
same paper says in regard to the reported de-
clsOn of the Supreme Court of Massachusetts, in
favor of the Credit Mobilier Company and
It's note for S2O00000: at is stated by the otIi-
of the Union Pacific mat their company
owns nine-tenths of the stock of the Credit Mo-
hiier, and even if the report prove correct it
could not cause loss of $4,000 TO the
Union Pacific company"
The transactions we're 900 shares, as
follows Canada Southern, 1000 Central Pa
rlfic 1000 Delaware, Lackawanna d Western
$4,000; Denver IL Rio Grande, $4,000; Erie,
1900; Lake Shore $4,000; Louisville & Nash
VILE, 10000: Missouri Pacific 5000; North
western 10000; New Jersey Central 5000:
N"rthern Pacific $4,000; Northern Pacific
preferred, $1,000; Reading, 10000; Miwau-
k = & ST Paul, $4,000; Texas Pacific, 5000;
Union Pacific, 10000; Western Union, -. 900;
Oregon IL TruuscHtInenta, 20,0uO; Canadian
Pacific, 1000; Wabash preferred 6,O00.
STOCK QUOTATIONS..
EXCHANGE AND GOVERNMENT SECURITIES.