The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-25
The New work. Stock Market

The New York Stock Market
NEW YORK, Oct. 24-Money loaned at pig per
cent.
Prime mercantile paper, 607 per cent.
Government bonds were strong.
Railway bonds were firm.
State securities were duh
The squeeze of the Shorts" begun last week,
made further progress to-day At the opening
the market was buoyant, and, in fact, got be-
yond the control of the bulls for short time.
The opening figures were halls per cent.
above the close of Tuesday night. Rock Island
and Michigan Central stock led in the upward
movement. Among other stocks conspicuous
for their strength Union Pacific. whlGa
rose 50, TO 81; Missouri Pacific %. to 80; Chi
eago, Burlington e. Quincy ] So to 1863; St.
Paul liz, to 967s, aud Reading l, to 1928.
About l o'clock the traders showed a disposi-
tiOn to take the profits, and decline of 4O17e
Pet cent. took place, Later, Michigan Central
fell to 81 Ss. Oregon d Transc0ntinental West
ern Union, Lackawanna, Missouri Pacific
and Northern Pacific continued the lea
ported that one prominsnt bear alone
covered 10000 shares of Lackawanna;
Manitoba advanced sharply, and principal
shorts afforded no opportunity to cover
The short interest in the stock is estimated ut
Gently pur out on sellers options. The rise was
stimulated by report that a syndicate of Bos-
ton capitalists had made bid for large block
of stock. Oregon Navigation was conspicuous
for lump of 6la points, TO 1929, no sales hav-
ing been made between 1O6 and 112l9. Michi-
gan Central rose 7ss per cent, to 94&; Canada
Southern 41s, to 557s; Oregon IL TranscOniinent-
al gig, to 1875 Northern Pacific 2'9, to 20 q;
Northern Pacific preferred 2, to 6fle: St. Paul
2le to 9Sl4 Lake Shore 2ss, to 100; Jersey Cen
trai 23s, to S7A; Northwestern gle, to 1924;
Northwestern preferred 2, to l42: Omaha A. TO
36lo; Omaha preferred 2. to 81; Manitoba
O. to 1854; Kansas g. Pexas 2, TO "a; Trxas Pa
cifio Zig, 40; Chicago, Burlington u Quincy
Is to 267s; Wabash l e. TO 203t; preferred l9
TO 337s; Reading liz, to $3.50; New York Central
Isl, to lISl4 Missouri Pacific 1be, to 955s; Denver
l. 10 26l2 Erie l, to 80; Louisville Il Nashville
III, to 50; Central Pacific is, 70 66lo Western
Union 13i, to 81; and Canadian Pacific Il, 30 "a.
The market left off buOyant at or near the best
OF the day. In sPeclaties, Alton q Terre Haute
preferred sold M per cent. to SO; Boston Air
line preferred 1ls 10 81; Chicago, St. Louis g.
Pittshurg preferred pa. To Al; Nashville " Chat
tanOoGn 2, TO So; New York, Chicago & st. Lonis
preferred s., to g. New York d New England
AS, to 237s; Norfolk & Western preferred
] ., to Al %; Peoria, Decatur 81 Evansville 13s,
10 5le Richmond & Danville 2, to 81; Rich
mond & vest Point 2, TO 20; san Francisco pre-
ferred 2, to 40, and Colorado Coal q, to 10 l2.
Louisville, New Albany & Chicago declined
per cent, to 3s, and Memphis u Charleston 81,
10 Al.
The governing committee of the Stock Eek
change to-day listed the following securities;
One million and half dollars in per cent
bonds of the Chicago & Pacific Western division
OF Ihe Milwaukee & st Panl Railroad Company;
S479, 600 in rst-murtgage per cent. bonds of
the Milwaukee, Lake Shore tG Western Railroad
COMPANY; So, 430, 900 in deferred income bonds
of the Reading Railroad Company; $3,750,Ooo
cent gold bonds of the Northern Pacific Rail
road Company; $S20,000 in consol
6 per cent. bonds of the ST.
Panl d Omaha Railroad Company: S4,50O,OOO
additional 6 per cent bonds and SS,500,0O0 adj
dirional stock Oregon Short-line Railroad Com
pany: and S6 676, 900 first mortgage per cent.
bonds Chesapeke, Ohio Southwestern Rail
way Company.
The approximate gross earnings of the Denver
d Rio Grande railway, the third week of Octo-
her show an increase of $685. over the cor
responding week one year ago.
The TRANSACTIONS at the Stock Exchange to-day
aggregated 63S, 900 shares. follows: Can
ada Southern, u, 600; Central Pacific, 5000;
Delaware, LacKawanna q Western, $4,000;
Erie, $4,000; Kansas & Texas, 5000: Lake
Shore. $4,000 Louisville 81 Nashville, $4,000;
Michigan Central, $1,000: Missouri Pacific.
10000 Northwestern, $4,000 New Jersey
Central, 5000; New York Central, $4,000;
Northern Pacific, $4,000; Northern Pacific pre-
ferred, 5000; Reading, $4,000; milwaukee, &
st. Paul, 50 900; st. Paul & Omaha, 5000; Tex
as Pacific 1000; Union Pacific, 29,oO0 West
Prn Union. 81, COG: Oregon IL rranscontinental,
G81OO; Canadian Pacific, 5000; Wabash pre-
1rrred, 5000; Texas Pacific 1000.
STOCK QUOTATIONS.