The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-17


A Day of Decentralization in New York-vil-
lard's Resignation Reported and Denied.
NEW YORK, Oct. 16.-Money in better demand
at 2l903 per cent. Closed offered at per cent.
Prime mercantile paper, 607 per cent.
Produce exports for the week. Sc, 790,0 900.
Government bonds easier on reaizations.
Railway bonds were weak in sympathy with
the decline in the stock market.
State securities were dull.
The''bears" renewed their assault on the stock
market to-day. In early transactions Northern
Pacifics were singled out and declined s403A
per cent, to 2514 and $3.50 respectively. Ore
gon & Trapscontinental, on the other hand, was
comparatively steady on publication of the
EndfeOtt report, which shows that Oregon d
Transcontinental still holds in its treasury the
amount of stocks which the annual statement
issued June 80 calls for, namely: 1872, 1872 shares
of Northern Pacific, 81 300 preferred and 1884,
535 Oregon Navigation. The stock ranged
between Ala and AZ nearly all morning.
The general list was fairly sustained in the early
hours, and some shares improved 401 per cent.
In this advance the Vanderbilts were consricu-
GUS. The bears" however, near midday, made
avigorous attack on Oregon d Transcontinental,
forcing the stock down to SO. After this, yari-
GUS stocks were singled out for attack, notably
Nashville, Central Pacific, Wabash, and Texas
Pacific. Northwestern dropped from 100 to
1175s, and preferred from 1881 TO 1876; st. Paul
from 80 to 941d; Omaha from 34lo to 81. and
preferred from 943t to 92S4; Erie from 29l2 to
27lo; Louisville L. Nashville from ASA to 451s
Central Pacific from 645s to 81; Wabash from 10
to Ills, and preferred from 81 a to 80: Texas Pa
elic from 81 p TO 1874; Oregon Transconti
mental also sold down TO the lowest point of the
day, 3Sl2. Near the close there was rally OF
1e02 per cent, the latter Central Pacific. In
final transactions another drive was made on
the active stocks, and the market closed weak
1t was rumOred to-day that a change in the
presidency of the Northern Pacific was imm-
nent also, that thelsecond mortgage loan had not
been placed. Both these rumoTs are pronounced
absurd by members of the bond syndicate. The
rumor that Mr. Willard was about to resign the
presidency is Indignantly denied by himself and
his most intimate friends, who state that Willard
has not sold his Oregon IL TranscOntinental and
Northern Pacific stocks 1t was reported that
prominent broker had transferred nearly 10000
shares of Northwest common into his name
during the past few days. and was buying stock
to-day. The same broker was heavy seller OF
were put out in Northern Pacific preferred, at
/ u to per cent. below the quotations for the
stock in the regular way. There was sharp
squeeze in Northern Pacific preferred, which
lent at 116 to per cent. per diem for use, while
at one time there was difference of IA to
1 a per cent. between cash and regular stock
oregon Navigation sold -"seller CO., from 112
down to 1922, when the regular quotations
ranged from ia to lie. Some stocks were
bought in under the rule for non-delivery, ia
GLIDING Jersey Central at 800SOs4, Northern
Pacific at 25l4 and preferred at GIN. AS com
pared with last nights close, prices are down
1a04I pef cent, the latter for st. Paul; Denver.
Michigan Central. Ohio southern and Richmond
& Danville advanced is 9ss per cent. In the
speciaitles, Alton & Terre Haute declined l, to
SIS: Chesapeake & Ohio, first preferred, De. to
25; East Tennessee l, to Sig preferred g, to 2;
Minneapolis & st. Louis 17s to 1888; Mobile &
Ohio 81, to 10: Norfolk & Western 8, to 10: Ohio
& Mississippi %, to 27; Oregon Navigation z, to
100; Pullman Palace %, to 124l4 Evansville &
Terre Haute brought 50; the last previously-re-
ported quotation was 40.
The transactions at the Stock Exchange to-day
aggregated 81 900 shares, as follows: Central
Pacific, 13, 900; Delaware, Laekawanna & West.
ern, III, 900; Denver d Rio Grande, 600; Erie,
28, 1000; Kansas & Texas, 1000; Lake Shore, 90
600 Louisville & Nashville, 10000; Michigan
Central, 13.000 Missouri Pacific, 1000; North
west, $4,000; New Jersey Central, 10000; New
York Central, 5000; Northern Pacific, $4,000;
Northern Pacific preferred 43. 600; Reading, 49,
ooe; st.; Paul, 10000; Texas Pacific, 10000;
Union Pacific, $4,000; Western Union, IL 600;
Oregon q Transcontinental, $4,000; Canadian
Pacific. 5000; Chicago, Burlington & Quincy,
5000, oregon Navigation, 5000; Wabash pre-
ferred, 5000.
STOCK QUOTATIONS.