The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-09-26
FINANCE AND COMMERCE.
FINANCE.

The New York Money Marlxet-Stock Trans
acknowledging Prices of Government Sc
neutrality-suspicious. of General Stocks.
NEW YORK. Sept 25.-Money was low at 1l0
per cent; closing at IL per cent.
Prime mercantile paper, 5l907 per cent.
Produce exports for week, STAB, 900.
Government bonds were strong for fours and
four-and-a.halfs, The threes sold down to
1031e, closing at 1924
Railway bonds were weak and lower for West
Bhore frsts, winch declined to II regular and
IL seller thirty days
In State bonds, Arkansas pine Bluff issue)
brought 40 Louisiana consols sold at II, seller
thirty days.
As was generally anticipated last night, the
stock market opened firm, and under considera-
BILE covering of the shorts advanced during the
first three-quarters of hour about q to 2es,
the latter Northern Pacific preferred with ls
on common, 214 on Oregon s. Transcontinental,
/ on Oregon Railway & Navigation, 13s on
Louisville & Nashville, 11e on Union Pacific. and
on Pacific Mail, 7s on Lackawanna, Jersey
Central Central Pacific, and 81. Paul. But
about IL o'clock efforts were made to turn the
tide, and bear rumors began to be circulated
again. There was talk OF a short cotton crop,
which was figured down to 5,60OO00 bales
against 100000 last year, 1t was also talked
that while the bears did not feel safe to sell
Northern Pacifics any lower. and finding Lacka-
wanna strongly supported, they wonld now at
tack the Vanderbilts. simultaneously with this,
a rumor was started that the Lake Shore
cutting rates, and that there was sure to he
trouble in the urunk-line pools. The news of
failures also quickly reached the stock roOm and
were made the most Of to depress prices. The
result of the rumors and talk was that the mar
ket first became duh, and prices gradually
sagged down until IL, at which time Lake Shore
became weak and declined per cent. There
was good borrowing demand in the forenoon
for New York Central, Reading, Louisville d.
Nashville and Union Pacific. The market CON
mad I he'll aef half hnn VVh an
was a recovery of ls to p on the general list,
and q on Northern Pacific common, l
per cent on preferred, and ia on Ore
eon & Transcontinental. which was
quoted extra dividend at 514, 81 anu 525s in
the last hour. AS compared With last nights
CLOSE, prices are q 20 q per cent. higher for Cen
trail Pacific, Delaware & Hudson, Louisville &
Nashville, Omaha, Northern Pacific preferred,
Union Pacific, oregon u Transcohtinental and
Wabash and q to lis per cent. lower for other
active stocks.
The Evening Post says: "The temper of the
stock market continues bearish. Spectators
who have bought at various times the last week
or two, thinking prices had touched bottom, have
generally sold out sooner or later With only
small profits or larger losses Fail,
ures in mercantile circles like those of
to-day, caused mainly by speculation.
have helped increase the general dstrusufu
banks and prevents any decided movement in
securities of any kind, and while there is moth
ings, it is nevertheless true that there is, yet,
no apparent disposition on the part or the gem
eral public to buy railroad securities"
The transactions at the Stock Exchange to-day
aggregated 444, 900 shares, as follows: Central
Pacific, 5000; Delaware. Lackawanna & West
ern, $4,000; Denver Il Rio Grande, 5000;
Erie, II 900; Lake Shore $4,000; Louisville &
Nashville 1000: Northwestern, 5000; New
Jersey Central, 1000 New York Central, H.
600; Northern Pacific $4,000: Northern Pa
pitc preferred, 1000; reading, 1000; Mil
yankee & ST. Paul, 5000; Texas Pacific. 5000;
Union Pacific, $1,000: Wabash Pacific, 5000;
Western Union. $1,000 Oregon e. Transconti-
mental, az. 900: Oregon & Transcontnental ex-
dividend, 5000
STOCK QUOTATIONS..