The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-09-03
FINANCE AND COMMERCE.
FINANCE,

The New York Money MarlSet-StOck Trans
misunderstanding Prices of Government Sc
curities-Ouotations of General Stocks
NEW YORK, Sept. Money easy at 202l9
per cent; closing, offered at per cent
Prime mercantile paper, 5l906l9 per cent
Sterling exchange, bankers bills, are duh and
weak at 4s1le for sixty days, and 4s54 for de-
mand.
Bar silver 81. 097s
Government bonds were steady.
State securities were quiet.
Railroad bonds were higher Ohio Central in
comes were weak at 10.
Share speculation was characterized by buoy
ancy. The market opened firm and then de-
clined 140lla per cent, the Wizards and Denver
& Rio Grande yielding the most. The weakness,
however, was short-lived, as the low prices in
duced purchases, both for leading operators and
outsiders. Some OF the traders and chronic
bears, early in the day were predicting lower
figures, but the steady buying caused change
of front, at least on the part of the Nrmer, and
in the afternoon they were free buyers OF the
general list. Commission houses also filed many
investment orders. The buying was stimulated
by highly encouraging advces from the corn
belt, it being stated that the weather was all
that could be desired. The advances from the
lowest point of the day ranged from basis per
cent the Wizards, Changers, Coalers Central
Pacific Louisville & Nashville, Missouri Pacific,
New York Central Lake Shore and Wabash pre-
ferred being prominent in the Improvement.
The best quotations OF the week were current
near the close. AS compared with last night
closing, prices are La02ai per cent. higher, ex-
cept for Denver & Rio Grande, which is 80 per
cent lower. in the specialties Alton Terre
Hante rose per cent, Alton & Terre Haute
preferred 2ls per cent, Cleveland Columbus,
Cincinnati & indianapolis ! g per cent, East
Tennessee, Virginia & Georgia preferred l per
cent, Memphis & Charleston 2 per cent, Erie
preferred per cent, Oregon Navigation q per
cent. and ST. LOUIS s. Ban Francisco first pre-
ferred A per cent. Pacific Mail declined per
cent The sales for the week aggregated $780,
600 shares, against 1,94S, 900 shares last week.
There is a new exchange to be opened here
shortly, to be known as the Elective Manufac-
turing and Miscellaneous Stock Exchange OF
New York, limited. IL will deal In all securities
embraced under this title, establish market
prices for them, and record transactions in them.
The exchange is to be limited TO a membership
of SEQ, and have a capital of $62. 500, and such
surplus may be derived from the sale of mem
bersh1ps at n premium. It's rules will be SINH
lar to those of the Stock Exchange, and a new
feature TO be introduced is a daily auction sale
Of all classes of securities A gratuity fund is
to be established for the benefit of members
similar TO that of other exchanges. 1t is stated
that a sufficient number of private application s
have already been received to insure a success
fu organization.
The transactions at the Stock Exchange to-
day aggregated $4,000 shares, and included
5000 Central Pacific, $4,000 Delaware, Lacka-
wanna Western, $4,000 Denver & Rio Grande,
$4,000 Erie, 1000 Kansas g. Texas, q, 900 Lake
Shore, 5000 Louisville & Nashville, 5000 Mis-
souri, Pacific 1000 Northwestern, 5000 New
Jersey Central. 5000 New York Central, 16 900
Northern Pacific, 700 Pacific Mail, 5000 Read
ing. 5000 Milwaukee Il St. Paul, 5000 Texas
Pacific, 10000 Union Pacific, 5000 Western
Union, 5000 Canadian Pacific, $4,000 Northern
Pacific preferred, and $4,000 oregon & Trans
continental.
STOCK QUOTATIONS..