The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-09-07

aud SOC discount for New York.
The New York Money Market-StOck Trans
actions-Closing Prices of Government Sc
neutrality-suspicious. of General Stocks
NEW YORK, Sept. 5.-Money easy at per cent.
Prime mercantile paper, 5l906lo per cent.
Government bonds were steady.
Railroad bonds were in good demand
State securities were dull.
The stock market was weak and depressed in
early dealings, and fell of Il to 1ls per cent for
the general list and q to . in the others. The
weakness OF the latter is accounted for by the
fact that the validity of the lease of Jersey Cen
trail to Reading will be contested This caused
sales by the bears and also for long account. Be
fore midday tirmer tone prevailed ana the
market was once more on the upward turn. Inc
Improvement in the afternoon was more marked
than on any day since the change In temper In
speculation took place. The buying was char
acterized by confidence, and round amounts of
stock were freely taken, both for investment and
speculative account The advance in prices
ranged from q to 3ls per cent, Northwestern,
Chicago, Burlington & Quincy, st. Paul, Della
ware, Lackawanna & Western, Louisville
Nashville, the trunk lines Wizards, Southwest
ern, and Western Union leading The last
named was prominent feature of the mar
est point, the advance being occasioned not
only by reiteration of reports that a
compromise in the Williams suit had been
arrived at, but also by semi-offical statements
that the company was handling more messages
than ever before, and that the usual quarterly
dividend will be declared next week, The trunk
lines were conspicuous In late dealings on an
announcement that the meeting of representa-
tives this afternoon resulted satisfactorily. The
grangers were siren gthened by continued favor
able crop advices. Ii was reported that at least
two prominent operators had been caught
heavily short of New York Central, Erie, West
ern Union and Lackawanna. In specialties
American cable rose l Il per cent. TO So; c., G.,
G. d l. l. to 50; Chesapeake ONO o. TO I6Oe;
ditto first preferred l, TO p; Chicago d Alton
13e, to 1347s; Northwestern preferred 4ls, 70
ISL; NJ. s. G. l, to As; Minneapolis q st. Louis
preferred 2 q, to 3d. Nashville IL Chattano0ga
25s, to 60; Pacific Mail ls to 34ls Pullman Pal
ace l, to 100, and Colorado Coal l. to 81 %. Gin
einnati, s. & c. sold up from 3Sle to Al; Ohio
Central declined to ga ard rallied TO Ia.
The Evening Post saws: 1t is understood from
official sources that the Western Union directors
IN per cent, ana pay 1t on the l5th IN the
same manner as the last dividend, VIZ:
through Mr.. Gould. From this it Is
compromise with Williams in connection with
some sort of deal in Louisville d. Nashville is at
least premature. Both these stocks seem to he
stronger 1t is reported that the opinion of Com
missioner Fink of Louisville IL Nashville is: at
is a good property is well managed and from
all appearances likely to pay dividends III the
near future" The large earnings of the south
western roads the fourth week, especially the
Missouri Pacific aud Texas and Pacific have had
the influence to advance those stocks. The
Missouri Pacific directors declared dividend
of l. 81, payable Oct ]. The books Will close Sept.
20 and reopen Oct. 2
The transactions were 49l 900 shares, as
follows; Canada Southern, 1000; Central Pa
citic, 5000; Delaware, Lacka wanna d Western,
112.O0O Denver g. Rio Grande, $4,000; Erie,
10000; Lake Shore, 18,000 Louisville & Nash
Vile, 36,000 Missouri Pacific, 7,000 North
western, 10000; New Jersey Central, 5000;
New York Central, 5000; Northern Pacific, H.
900; Northern Pacific preferred 8 600; Read
ing, 100000 Milwaukee & st. Paul %, 900; Texas
Pacific, 1000; Union Pacific, $4,000; Wabash
Pacific, l 900; Western Union, 5000; oregon
e. TranscOntinental, 10000; Wabash preferred.
5000; Canadian Pacific, 8,00o Chicago, Burling-
ton & Quincy, 5000.
pTonH OuoTApTONS