The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1883-08-29
FINANCIAL and COMMERCIAL


There are no new features 10 note in local none
tary Affairs. The demand hr discounts Is quite
heavy tut the supply is fully equal to demands.
Rates are steady a. 7@S per cent. Only prime
paper is handled by the banks.
New York Financial Market
Hxw YoBK. Aug. 27.-Money-Easy at 2sS per
cent; closed offered at per cent.
Prime Mercantile Psper-51z96H per cent.
Government Bonds-Firm.
Railway Bonds-Quiet.
State secunties-Dull.
The stock market was very much depressed dur
Ing the forenoon by & variety OF rumors and ALE
cations In regard to various stocks and also in re-
gard to the financial condition OF one ormore COM
mission houFes. So far ss can be learned by in
quiry there was not word Of truth in any OF the
reports, and it is apparent they were started for
the purpofe of making break in the market. The
sudscty OF the fsbrications, however. was such as
to cause q break which was not fully recovered
duTirg the forenoon. The net result of traiiRg Up
10 1880 was decline of " % per cent. on active
stocks. the latter on Lake Shore and Oregon and
TTantcontinental, with lis Northern Pacific pre-
fSIreo, per cent on Michigan Central, and frac-
ton on oiher stocks. Although there was cOusid-
cradle Improvement in the prices OF stocks I'm the
last hour, and hrmerione in general, the net re-
suit Of The day business was decline OF = 70 -
per cent, the latter on Lake shore. with 2lS on
Oregon and TysutcOBt nental and Northern Pacific
preferred, IA on Northwestern, Us On Central IA
cine. GAuduA SOUlIeIIls ana LACK aW ~
ma end Northern Pscifc.cOmmOn, with per cent.
on Memphis and Charleston. Reading aud Denver
were he exceptions TO the general decline, and
closed = and = higher, respectively.
The Evening Post says: The most reasonable ex-
psnauOn of the depression in the stock market TO-
Gay IL that certain large Ope atorS VINO have for q
good many months been on the bull side aad have
been carrying large blocks of Lsckawanna and
Lake Shore have found IL impossible to uni rad
those stock, and have turned bear on q number Of
other stocks IN order TO OBJECT the decline those
they held. LsckawGnnG has been churned up and
down for the last six months over COLI aratigelT
narrow range, sales amounting 20 five or six times
the cspiial stock of the Company. In the last few
months This, however, has enabled them TO WOrE
on only portion and, c0DSeq uenuy, it's believe
they have to-day resoTed TO the tactics above men-
toned. as there seems 20 have been preparation
ana definite purpose in the manner in which can
srds about the embarrassment OF the Boston BaDk,
etc etc, were sprung upon the market.
The transactions aggregated 100000 shares, as
follows: Central Pacific, 7.0C0; Lackawanns. 49,
co., Denver, II, 600; Erie 5000; Lske Shore as
eco; Louisville and Nashville, l5.000; Michigan
Central, 5000; Northwestern 5000; New jersey
Central, 1900; Northern Pacific lS,000 Northern
Pacific preferred, IS 900; Reading, 1000; st. PAM.
3,0C0: Texas Pacific 5000; Union Pacific, 1000;
Western Union, 200; Oregon TranScOntne ltal
35, OOO Ca ada Pacific, 5000; Manitoba. 600.
Mining Siocks-Nery duh: StanGar1 Cols0h-
Gated sold at 5z5 and ass: Northern Belle, go;
Iron silver, 3v5; ChTysolile. 1o5 Sierra Ora ode,
leo; Little Chief 55d60c, ,binson Consolidated,
AZ and 45c, and sonora Consolidated n 10 DC.
Ssles for the day 10 go shares
Pipe Line Certifcstes-Very dun st 1918 TO 1867
pO,fng call lO7.