The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-12-12
An Exciting Day in New York.

An Exciting Day in New YORK
NEW YORK, Dec, 11.-Money easy at 202la
per cent, closing offered at per cent.
Prime mercantile paper, 506l9 per cent.
Produce exports for the week, 81, S79.OOO
State bonds were more active. Tennessee
skies, new series, sold at 80, against Sc at the
last sale, and North Carolina fours at eols
against 80 at the last previous sale. North Car
olina skies, old, SOLD at 3Ola.
The depression in the stock market in the fore
noon had the effect to make small business in
the bond market, though prices were firm and,
in some cases, a fraction higher. West Shore
fves were an exception 10 the general frmness,
being 81 per cent. lower, at 1914 the decline
being presumably caused by the announcement
of the establishment of a through freight line
via the Boston Albany, Nickel-pate etc.
Denver & Rio Grande skies, per cent. higher.
at I'll Morris & Essex frsts, L higher, at 134 q;
Union Pacific tirsts g higher. at lib.
Speculation at the Stock Exchange was weak
and lower, The announcement that tripartite
agreement of the Rock Island, Union Pacific
aud st. Paul roads had been signed was the most
important piece of news of the day. The bears
affected to cOnstrue this as meaning a railway
war, and made repeated attacks on the market.
They also used the adjournment of the Iowa
pool meeting to the 18th instant against specu-
lation generally, but more particularly against
grangers' stocks. The tr1partite agreement is
for twenty-five years, and does not dehar any OF
the Iowa roads from joining the new associa-
ton. The question of territorial rights will
longer be an issue, as each road will be permi.-
leu to buld wnen and whele 1t likes.
Oregon Navigation broke 3 points, to
los; Union Pacific 26s, to so; Ore
gOn TRANSFORMATION 23s, to 40; Omaha pre-
Ierred q to 90; Quincy Isl. to 1204; Northwest
/ a. to 117S4; preferred 119. to 1929; St Paul
ga to 57l4; Northern Pacific preferred 81, to
57l4; Rock Island Ia. to 1854; Lake Shore l,
10 100; Michigan l, to 81; Canada Southern l,
to So; Canadian Pacific l, to 90, and the remain
der of the list IA to . per cent This was fol-
lowed by u rally of "a to 7s per cent, Oregon
Transportation and Union Pacific leading, In
made on Union Pacific which touched 794, the
lowest price of the day. The active list fell off
in sympathy. After 2:30 prices again rallied Il
al "a per cent, but on final sales Wizards weak
ened, and the whole market declined, the prices
of several stocks reaching the lowest point OF
with last night. Changers are 1lsO2s4 per cent.
lower, Wizards, 81 03; Trunk lines, a2U1 3s, and
Goulds ssOlle. In specialties, Chicago St.
Louis g. Pittsburg preferred declined 1l9 per
cent, to 81; c., c.. C. & l., 27s, to 6S; Alton &
Terre Haute 2, to so; Memphis e. Charleston 2,
To SO; Minneapolis d ST. Louis preferred IL, TO
3914: st. Paul e. Duluth 49, to "a; Peoria, Deca-
tur & Evansville 1 q, to 15
The transactions at the Stock Exchange to-day
aggregated 525, 900 shares, and Included 5000
Delaware, Lackawauna & Western, 5000 Den
yer, 1900 Erie 81 900 Lake Shore $1,000
Louisville & Nashville. 5000 Missouri Pacific,
$1,000 North westerr, $1,000 New York Central,
Milwaukee & st. Paul, 101 900 Union Pacific,
$4,000 Western Union, $4,000 Oregon e. Trans
continental, $4,000 Quincy. and 5000 Canadian
Pacific.
STOCK QUOTATIONS..