The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-30
FINANCE AND COMMERCE.
FINANCE.

The New York Money Market-Stock Trans
actions Closing Prices of Government Sc
curities-Ouotationso of General Stocks
NEW York, Aug. 29.-Money easy at Gas
per cent; closed offered at per cent
Prime mercantile paper, 5ls06'9 per cent.
Government bonds a fraction lower for coupon
four -and-a-halfs and threes
Railroad bonds irregular. West Shore firsts
lower at 69ls and Denver consOls higher at 80
bid; the former subsequently, rallied to 7oss, bid
State securities dull.
During the forenoon the stock market was
again considerably unsettled, but the general
range of prices was higher than yesterday. Be-
tween 1890 and 2 o'clock prices again
lower. In the last hour the market was gener-
ally lower, the decline being Il to 7s on the gen
eral list, with per cent. on Northern Pacific
preferred, Louisville & Nashville, and Michigan
Central, 34 on Jersey Central, aud on Oregon
e. Transcontineutal. In the last hour Oregon
Railway & Navigation Company sold at 12s
against 100 earlier in the day. The room
traders were conspicuous sellers having discov-
cred that there were no supporting orders on
the board. The depression in VanderbilJs
due to a rumor that the dividend on Lake Shore
and New York Central wonld be reduced TO q per
cent per annum. As compared with last nights
close, prices are down per cent. except for
Central Pacific Chicago. Burlington g. Quincy,
preferred, which are 4 TO b per cent. higher. In
specialties, Boston Airline preferred rose per
cent to 81, Memphis a. Charleston l, to SO, Met
ronoltaD Elevated ga to 81 3, Milwaukee, Lake
Shore d Western preferred 81. to 1914. Pullman
Palace q to 1877, Quicksilver preferred 81. to 1914,
and West Point terminal q, to 80, New Jersey
Central lent fat to 1872, New York Central fiat
TO LEA, and other stocks flat to per cent for
carry ing.
Commission houses report better inquiry for
stocks from small investors, small lots being
taken and paid for. The Evening Post says:
Tn general range of the market was higher to-
day than yesterday, Notwithstanding the clos
ing prices to-day were lower than yesterday.
The speculative element in the market, that
which buys or sells to catch Immediate nuotua-
sions made from day to day, made from manip-
ulation and false reports, 10 still mainly the
hear side. Spectators who buy and sell from
hour to hour still exercising their ingenuity,
manly in causing depressions of first one stock
gradual though moderate absorption of stocks
for Investors. who do not pay much attention to
the daily fluctuations of prices. or course, this
class of Investments will not be large as long
the spectators keep prices depressed, but now
that crops generally are secured except the
corn CROP which seems to be reasonably certain
to be larger than the average OF past years. IL is
probable the buying of stocks for investment
will increase until its effect will be felt in the
daily market
The transactions at the Stock Exchange to-
day aggregated 415,00o shares, as follows: Del
aware, Lackawanna d. Western LOG, 600, Denver
& Rio Grande $4,000 Erie 5000, Lake Shore
B1 900, Louisville e. Nashville 10000. North
western $1,000 New Jersey Central 10000, New
York Central 25 1000, Northern Pacific 49,
300. Northern Pacific preferred {, 900. Reading
1900, st. Paul $4,000, Texas Pacific 1900
Union Pacific %. 900, Western Union 1000, Ca
nadian Pacific 8 900. Oregon & Transcontinental
.B4, 900.