The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1883-06-06
FlEAgCl5I. AND CONEERCIlL


The beginning OF the week in the local money
market was made yesterday in q way t. give
coursging promise OF steady maintenance of the
good business reported all last week. The counter
business was quite brisk and disc0unting was
something more than good in many cases and quite
up to that mark in all A few of the banks report
cd very large loans, but the amounts were not
strikingly large in most cases, although in more
than one in excess Of the days income There is
still enough money in hand to keep the market
easy at the quoted rates aud prevent diserimina-
ton against outsiders, so that good paper is
permitted to go begging. Time paper is takeu at
Gs per cent and call paper at 6@7 per cent.
New York Financial Market.
EEv YORK, June -Eoley-2K@S per cent;
closed offered at21S per cent.
Prime Mercantile pspez-5o6 per cent
Government Bonds-Strong and generally 1z94
per cent higher.
Railroad Bonds-Irregular.
State Seeurities-Very dull and featureless.
To-day stock market has shown a reactionary
tendency from the advance of last week. which
due to the covering of short interest than
any other cause. The market is still Almost en-
tirely in the hands of professional spectators aud
room traders and the snort interest being elm
mated prices declined. There is yet very little
support from the outside public, from the class
who buy for investment. The general prospect for
the future Of railway stocks has been undoubt-
dly improved by the probable settlement of labor
troubles at the West and By improved crop pros
poets The esuIt of to-day's business was de-
cline OF "a to IA per cent. of Union Pacific. Oms-
hs ana LackawaEa = a each. Louisville and Nash
vie. ST. Paul and Central Pacific per cent. each,
and tie remainder Of the market 4 to q per cent.
Jersey Central closed Ia and Reading 1 per cent.
higher. The following announcements was made
from The rOstrum of the Stock Exchanges:
To the President of the New York Stock Ex-
change:
Notice is hereby given thet the Chicago, St
Paul, Minneapolis and Omaha Railway Company
viii issue ST its convenience, after thirty DAYS
from date, en- additional amount of capital stock
at the OF $40 COO per mile Of preferred stocK,
and SIS Geo per mile OF common stock authorized
by its articles of constellation for the con-
40 $3.50 miles from Superior Branch lins in Wis
col sin, 10 miles of Bayfield, Road in Wisconsin,
upon which lines consolidated bonds of the Com
pany were recently issued and listed. The amount
of preferred stock will be 90, 403 shares amounting
to {504 800 and common sock 7.654 shares amount
| Ing TO S756,4o0. NJ L. Sykes was elected Vice
transactions aggregated SOS, 900 shsres to-wit:
| Central Pacific, 500; Lackawanna, 1000; Den
| yer, 9,eOO Erie, 5000; Kansas and Texas, 5000;
Northwestern, 5000; New Jersey Central, SO 900;
| New YORK Central, 1000; Northern Pacific 6009;
Reading 4oOOo; 81 Paul As, 900; Texas Pacific.
| S,t00: Western Unisn, 10000.
Mining stocks very dull; Union Consolidated
sold at 625; Consolidated Virginia, 60G65; Cali
fornia, % and 80; Eureka Consolidated S5s; Nav4js
100; bOdie 50; Sierra Grande, l55 and $50; Sutro
Tunnel. 20 TO 26 and Sonora Consoid ated, ~ and
SO. Sales for the Gay, 2S 127 shares.
Pipe Line certificates to-day very active and
weak. declining from 1915 to 11454; closing on
call llG14.
GOVERNMENT sEoUR1TIEs.
stexIing, &C osYH... 555Sl5 per CENT ex DIV 10s1x
sisrling' naht... $50 O. g. l5ss,.....- ...... 1lS
per cent oonds..-l03K New q, 8. 4s....-.. 1i9H
EoTE-The purchasing price for Government