The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1883-12-19


cent closed offered per cent
Prime Mercantile Paper-5e61I per cent
Government Bonds Strong.
Railroad Bonds-Steady
Speculation at the stock exchange to-day active
and excited; after irregular opening the market
become buoyant and advanced IL to IL per cent
in Wizards and 4 10 ia in Others. An active list
took place Northern Pacific rose = TO 251z pre-
erred 1874 to IS; Oregon TranscontInental, ~ 10
SEE; Oregon Navigation. 81 TO 1867 and Louis
Vile and Nashville, rs to 465k. Union Pacific
was exceptionally weak and broke at % per cent.
to a. All sorts OF rumors were current. The
reasons given for the Wizards various:
that Oregon Trantcontnal statement would show
assets of s25, o00000 in excess OF liabilities that
Oregon TranscontinentAI only had call loans
Of 81 ,O0C 0C0 instead OF the enormous amounts
given ont by the shorts. and tina. Raston, OF the
Farmers Loan and Trust Company. had consented
to serve with Fabri and Endicott on the Oregon
and TranscOntinentai investigating Committee.
Union Pacific weaker reports that the
dividend had been joined. and the bear clique
made special efforts TO depress stock. and Boston
was free seller. Abont 1880 Wizards weakened.
Northern Pacific running OF to 25lS, preferred to
52sz, Oregon Navigation to los. and Oregon Trans
continental to 345E; Union Pacific rallied 755s and
fell OF 10 49, and other active shares receded -
to rs. After midday Vil4rd's made
another upward spurt, Northern Pacific
mental to 81, and Oregon aud Navigation TO Il01S
This strengthened the gener list and higher prices
were recorded all round. Northwestern sold up to
u.s. I,ackawanna to l18. Denver TO 26l< Lake
Shore TO 991s. Missouri Pacific 70 o. New York Cen
trail to 1l41s, Reading 10 57A, Wabash to % pre-
feTred TO 3g5s, and Western Union TO 1S3k. The
market again weakened on sales TO realize and
falling of in the demand from shorts, and prices
declined Ia TO - per cent.
Near 2 o clock Official announcement was made
that Nillsrd would resign the Presideneies OF the
Oregon TrRnscontnental and Oregon Nayiga lion
Companies, and that William Endicott Jr., OF Bos-
ton would succeed him in the Oregon TrapSconu-
mental. andS T Jefferson Coolridge, in OREGON
preferred TO So oregon Transcontnental 20 1914.
and Oregon improved to GS. In the last hall hour
the New YORK Central developed to market
strength. The stocks which had been firm all day
of 114546il3s4 suddenly advanced to ll4A@ll5A
cash S.6n This rise was due r,o account hn,S Of
in under rule" round amount of stock
against William Heath d Co.. and others, for
the best OF the day. At close prices were frsc-
ton Off, but the undertone was strong on belief
ND. As compared with Saturdays closing prices
Northern Pacific is . per cent higher: preferred
s;oreeon Transcohtinental, "a Oregon NAVIGATION
also of Boston, in Oregon Navigation Coolridse
also joins Oregon TranscontinenIal directory. An
official notice, ACCOMPANIED by the statement
that a syndicate had been formed 70 take
! a firm" part OF the bonds owned
by the Oregon Transcontinental Company,
amounting TO 9t6O,oOO or 10, 0o0O0J. This will re-
[
burdensome and will enable it TO resume sound
financial position, the report OF the condition OF
the Company 10 be made as soon as the Committee
appointed by the Board has been able 10 make
proper examination which will necessarily occupy
several days, but was positively stated tue report
will show in hand aggregate stock fully equal to
amount held a. the time OF the annual reports in
June last when this report become &C.
Oregon Improvement ls4c; Northwest,
Southern fe Louisville and NsnSie lc an Mis
/ souri, Pacific AMI New York Central, lie: and
! Wabash. preferred. re; Union Pacific is 2Ac
/ lower; Western Union and KRnsas and Texas ~
| changed Ia the sPecialties American cable adj
/ vanceu from &c To CSC: c., c c. and l., from
24c to CSC; East Tennessee from &c 20 nc; and
Colorado coal from lc 10 C1<c: Q. and NJ. declined
/ from lie 70 2s}sc Reason for the sharp rise in
\ New York is Kuhn. Loeb & Co., who
bought Bow i in under the , rule Mot; ABOUT
Heath 4 Co and other parties deiaulting in their
deliveries The sharp rise caused no failures, aud
was due entirely to non-deveries Wee Presiden t
has telegraphed the following statement OF the
/ operations of The Company for October: Gross
earnings g. 91 22l operating expenses. SSl4, $50
rentals and taxes. $50. III: surplus, S2s52i Gross
earnings Tor November Is estimated at fl2SS. 200;
! operating expenses. S55lse: surplus. yejO,oao
/ follows; Lackawanns, 5000; Denver aud Rio
Grande 1900: Ere 1900: Lake shore, d 600;
! Louisville sae Nashville. 25.po; Missouri Pacific,
1900; Northern Pacific, IS co., Reading. II oO0 St
PRul, "a. 600: Union Pacific, 5000 Western Union,
5000; Oregon aid TraIscon tinenisl. H. oO0 Cana
! dian Pacific 500. Quincy, 500; New York Cen
1 uel under rule and cash. 5000.
! The week opened quiet ana weak on market Tor
/ mining shares Northern Belle declined 10 l6c,
| lowest price yet made: North Mexican declined TO
Harlem TO ITO: Eastern Oregon weak at SSES%
| 30, aud SuirO Tunnel. IT,
GOVERNMENT sECURITIEs.
sterling. 60 days.....4sl1S q. S. 41Ss.
Sterling. sght....IS4 New Q. 5. fs.....--....l2i
| per cent oonds.....lOl1S