The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-04
FINANCE AND COMMERCE.
FINANCE.

The New York Money Market-Stock Trans
acknowledging Prices of Government Sc
neutrality-suspicious. of General Stocks.
NEW YORK. OcS. 3.-Money easy at 2ls03 per
cent., closed at pig pee cent.
Prime mercantile papSr, Gar per cent.
Government bonds weak. The four and-a-halfs
and feurs were So per cent. loISeF on the bidding
prices.
Railway securities declined in sympathy with
the weakness in share speculation. West Shore
hrsts down to "a.
State securities dull Arkansas Red rivey
Issues brought AZ.
This was "bear" day at the Stock Exchange.
In early trading there an Important decline,
followed by slight rally. In the afternoon
prices fell off rapidly, and the lowest figures for
some time for many shares were current. North
ern Pacific declined Il 81 per cent, 81 81; pre-
ferred 3, to 6o14; Oregon & Transeontinental
35s to 1888 Uhe lowest figure ever touched);
Northwestern log, to 122, preferred l, to 143;
Omaha 23s TO ga; preferred GA, to 97ls; and
st. Paul %, to 10l. In other active shares the
decline ranged from q to 1ss per cent, Kansas
& Texas and Texas Pacific suffering most. The
market generally closed at the lowest
point Of the day. The weakness
credited to manipulation by the bear
syndleate, which IS strong one, and to the alb
sence of supporting orders rue break in
Omaha ts due to a report that the company will
Issue new stock to cover new mileage. 1t ia
stated that the sharp decline in Oregon g.
1rEnscenunentaI was occasioned by FORCED
sale Of round amount of stock. The be@"s
also reported that the Gould party had Joined
their ranks, and pointed to he decline in Kansas
& Texas and Texas Pacific as evidence. In
sDecialties, st. Louis d Pttsburg preferred
dropped per cent, to As; Houston & Texas 4,
to 3d. Memphis & Charleston 2. TO 40; Mime
apolis & ST. Louis d. to 3d. Ohio g. Mississippi
PA. to 29l9; Oregon Navigation 112, TO 1913 e;
Peoria, Decatur & Evansville %, TO ID; PULL
man Palace l, to 12S and Richmond y Danville
IA TO So. Alton & Terre Haute preterred sold
at 81 a decline OF l q per cer.., compared with
the last previously renSrted sale before to-day;
the stock opened a. IS this forenoon Western
Union was we'll sustained until near
the close. when it touched 1913, the lowest
Of the day; the stock opened az sos
0S0a and ranged between S0l9 and SO14
through the greater part of the day, Rum0rs of
fresh iron failures were freely used by the bears
against the share list. The bears also circulated
a report that the Pennsylvania company mad
missions to ticket agents. which. it was claimed,
was almost equivalent to notice that rates will
not be main tanned in the future. There was no
lack of other ruInors to aid the decline III
prices.
The Atchison, Topeka d Santa Fe Railroad
Company to-day declared dividend of 81. so
per share, payable Nov. 10. The books close on
Oct IL AMI reopen Oct. %.
The transactions at the Stock Exchange to-day
.aeezs gated 100000 shares. as follows: Central
Pacific, 5000; Laokawanna, $4,000; Denver,
5000; Erie, 81 .o00 Kansas d Texas, 5000:
Lake Shore. % 900; Louisville q Nashville, TO-
900: Michigan Central, 5000; Northwestern,
d1,o00 New York Central, 600; Northern Pa
clde, $4,000; Northern Pacific preferred. 3d.
900; Reading, $4,000; st. Paul, 20,0o0 Union
Pacific, 9,00e; Western Union, 5000 Oregon d
Transcontinental, $4,000.
STOCK QUOTATIONS.
rxcuAHaR AND GOVERNMENT sEcURlTIEs