The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1883-10-24

NEW YORK, Oct 2e--Mcney p zel3iz per cent:
closed az per cent.
Prime Mercantile Paper -c91 per cent
Government Bonds-Strons.
Railroad Boads Firm.
state Securliies-Dull.
stoeks-The changes - the market to-day leave
l. generally hisbsr than at close Saturday, viz;
Northern psstifc common ]. Oregon and rranscon.
incl 231s, Oregon Railway and Navigation 5 per
cent. Northwestern preferred 3, Michigan Central
Is{. Canadian Pacific IA, c., c. c. and ~. Long
Island ?. Louisville and Nashville !, aud 81. Paul
and Omaha preferred per cent The only stocks
that are lower are Northern Pacific pzeferrei.ss
and Manitoba = per cent The turn in the specu-
laiiye temper of The market which began last
Thursday is developing new forces from
day 10 Cay. At hrst the prepondeFance OF poDuar
opinion was that it only little sp1rt" IN
Jersey Central. then Northern Pacific preferred
The corner was pronounced by the bars TO be
only tempest in a teapot but in both eases the
majority Oh speculation were mistaken. and there
are some indications that the success Of the
bears IN last few months has bssrayet them i'm
some Overselling OF other stocks. II Is claimed
both the Union Pacific and Michigan Cen
!Ial are, 10 considerable extent
some indications that the fight on Jersey Central
has not ended yet. IL is understood the Reading
party have taken about ., 600 Jersey Central Tor
transfer last week. and u is not improbable that
there may be further developments in the struggle
in that stock. Notwithstanding the present appear
ance. il having been settled point of GO~an's
TO the suit of William b. Densmore that the
Pennsylvania Company is Dismore's hackers, ana
that all efforts 10 aanul the lease and also depress
the stock Cf the Jersey Central stock originated
with the officers OF the Pennsylvania, whom
he charges short of Jersey Central. The mar
ket opened active and excited. The first sales OF
Northern Pacific preferred were at 6O96052 against
59Z at the close Saturday. The other active shares
were all higher. In the early trading Northern
Pac! hc common ran Otto 20t4 against 2z927is Mt
the opening. The dulness in these shares was
cue TO bear manipulated entirely, 10 being stated
a prominent operator on the snort side borrowed a
round of preferred stock and offered il at easy
rates with view 10 create an impression that
STOCK was more plentiful and not wanting
was Of short duration. for before 1899 strong
buying movement set in, which gathered force AS
the morning advanced; Villard9were the features,
and advanced 81 per cent. FOR Northern Pacific
common TO 81 1867 tor preferred TO 20. So for
Oregon TTanseoDtinental to i64 and So for Oregon
Navigation TO llOls: cash sales OF Northern Pacific
27zS26l sgt2714 preferred 6}i 4@ 62Q52i $685. diff
terence OF 14G2s4 per cent the sharp rise and act
hviy in these shares caused
Tor other Gctive stocks and the excitement at one
lime was intense. About mid day there was reg
ulGr bear panic, and shorts. in their anxiety 20
rumored at this time Union Pacific aud OREGON
TIanscontinental aud other heavily Oyersold
stocks were 10 be twisted. After p m. the ex-
element subsidized, and there was a reaction OF =
10 per cent. in the general list. ana 2@e512 per
cent. in Wizards. Northern Pacific sold down 10
TO s41I. The reaction was due to realizatiOns
Toward IN. another buying movement set
in and Western Union moved up TO 567s. OREGON
TfanscOntnental TO i63s. Louisville and Nashville
to 491<, Union Pacific 10 81. Northern Pacific 10
SOL, do. preferred TO 6Sls. and Northwestern 10
1909. In the last half hour However. bears
made vigorous attack on the whole market and
succeeded in depressing prices 1ai214 per cent. in
the general list and 41zG9 per cent. in Wizards.
The Taid near the close was engineered by oper-
bear side for some time past and
are ,desi.ous of checking improvement
before public sentiment changes 20 bull side. On
he other hand, il is reported, the bC party in the
Northern PACIFIC intend g follow up theIr move
ment in ste ca, and for this reason encourage shoe.
sales. Important DEVELOPMENTS are expected in
Oregon Transconunental and STATE as powerful
Syndicate has been formed in stock. The Evening
Post says There are as yet no signs that the gen-
have taken any considerable part in the market
Holders OF Northern Pacific preferred in nearby
cities have sent IL in, and sold fox cash aud
boz ght for regular delivery, and p;eTe has been
increase in Philadelphia dealings In Jersey Central
and 20 some extent in other shares but on the
whole contest Is still at most wholly between two
Opposing factions here in New York. The outside
public never sells short IL does not take kindly 20
that method aud when not on bull side is not in
market, as to whether the public will begin 10 bu-
DEPENDS upon ,NAsiher the bull clique can show
their 6S.siey within the next ten days TO advance
prices and sustain them.
Transactions $4,000 shares. as follows: Lack
awanna. 100 600; Erie, $500; Lake shore, 2T,OOO;
Louisville aud Nashville. y. 900; Michigan Central,
II, eco: Missouri Pacific 6,O00 Northwestern. 1900:
New York Central II 600: Northern Pacific, So 900:
81. Paul "a 600: Texas Pacific, 5000; Union Pacific.
5000: Western Union. 2S,000; oregon Transeonti-
mental, 10000: Canadian Pacific. 1900; Northern
Pacific preferred, % O00 Northern Pacific preferred,
Mining s,ocks-Dull; Horn Silver sold at 65s9
ga; Navajo. 81 Sierra GranGe, l0j; Chrysolite,
pi,e 4 S,,. f,sr,i,i,.a tesVerv DIM at 1:O5z