The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-16
FINANCE AND COMMERCE.
FINANCE.

The New York Money Marl1et-Stock Trans
acknowledging Prices of Government Sc
curities-QuotatiOns of General Stocks
NEW YORK, Aug. l5.-Money easy at 3a3'k cent,
slesed at4.
Prime mercantile paper aG6 per cent.
Governments firm.
Railways steady
State securities dull.
Brokers who live ont of town, most brokers do at
this time of year, early trains the city this
morning, and Wall street alive long before the
usual hour of beginning business. In the Windsor
Hotel last evening, there talk about another
serious break in the market this morning. Such
rumors made brokers anxious to be the spo: to
look after their and their customers interests.
Hundreds of Wail-street men away vacation were
summoned back by telegraph last evening" and at 10
this morning the neighborhood of the Stock Exchange
presented strange appearance for the middle Of
August. There groups of well known brokers in
every office window, and messenger boys were actu-
ally running. Before business began the floor of
the Stock Exchange the visitors gallery crowd
ed with persons who came to see a wild scene
and were disappointed. There apparently
restoration of confidence to very considerable ex
tent in the stock market in the forenoon. Dsquiet-
ing rumors circulated last night all proved without
foundation. The market opened 4 to l higher, the
latter Canada Southern and continued alternately
strong and steady throughout the forenoon the net
result Of trading up to i3o being advance Of x to
last night the largest extreme advances being Ore
eihe ~, on both common and preferred; Erie, 25s:
Central Pacific, "a; Burlington 4 Quincy, 2; Wabash,
~ and X; Canada Southern and Illinois Central IA
St Paul, y; Denver, Union Pacific and Jersey Gem
tgSl, III L1aek 6;t,T NOrthwestern and Omaha
Texas ~ Ne and CANADA Pacific. Reading and
there was reaction of "a to per cent about noon
put this reaction was again partly recovered by 1890
below the extreme advances above stated. At one
TINE about The The epening Western Union was weak
729s but afterward advanced to 547s@744 This ad.
vance OF the forenoon was made in the face Of heavy
non to realize toe strong to resist The buoyancy
this account The weakness Of the estern Union
was attributed to the operators strike and consequent
in biography The sales up 1880 were about $50 900
f s2st vera After troI I2S0 the market was at
i iatt.r ADVANCE SoaFSsrn Of to per cent the
the failure of E. c. Stedman Co there a reaction
tnsnta ss Horhsrn Pacific aiso lost
Of re cent The deepe G other
ferrsd, to SIS, with IA ON Wabash preferred to3lA
M on Union PacSc ss on New YORK Central 10
to lla q on Missouri Pacific, to o. Jersey Central to
orally lower, the decline being 4 to ia per cent the
lattsr Western Union to m with fractional declines
market was strong, and there was general advance.
making highest pfioss of the aSs seH fhe asa
suit q the days business was general advance
PiltSe VI ranging from u
~ on Northern Pacific common aud on preferred,
Central Pacific, II on Lackawanna and Erie, " on
western on Rock Island * on ST. Pa saI IL on
Omaha on Texas Pacific, * on Union Pacific
per cent Lsndon was free buyer in our market
Today and St, PAM Lake Shore, New York Central,
Denver, Erie and Wabash preferred taken for
The Evening Post says The general sentiment is
one Of confidence that there has been LIQUIDATION
which VII do no harm, and that, while the market
steadily Upward for all .todF Fs'eS reprsas n ne
upon furry of the few days and of
fnS5s saSs SeE a %aS De-, for the
PIE, without capital have given out the impression
lists behind them, when in fact they have merely
taken advantage of the general dstrustful feeling
stories. Instances be pointed out of men Of this
class on the board who nov boast that they were in
terdsy, and now admit that they had no backing. 1t
houses have taken their cue from this class Of bes
and have put out large short lines of stock 1t il
their customers to deliver short sales and for
anick turn, and have by this means further de-
impossible to prove such assertions but the fact that
they made is only another item in proving that the
preponderance of public opinion in the is
the furry of the last three four days has been large
ly artificial and brought about mainly by lying. Of
course this s not intended to prove that the natural
tendency Of Of securities woud otherwise have
yet and the natural tendency of prices of everything
time; but the furry of the days was inaueur
ated by artificial means, and has probably caused
greater depression than is warranted by the situation
for the present.
The transactions at the Stock Exchange to-day
aggregated 40 600 shares follows: Canada South
ern $3.50; Central Pacific 1000; Delaware Lacka-
wanna western; Is ,OOO; Denver and Rio Grande
900; Erie 80, 600; Kansas Texas OO Lake Shore
5000; Louisville Nashville. 5000; Missouri Pacific
200: Northwestern COON New Jersey Central 5,OOO;
New York Central, 3,00l; Northern Pacific q. 200:
Northern Pacific preferred, Reading II 600; St.
Paul Omaha. 5.00o Texas Pacific, Il. 0lO; Union Pa
cihe, "a 0OO Wabash Pacific, 900; Western Union,
5000; Oregon Transcontinental. 10000; Wabash
preferred. 5000; Canadian Pacific 1900.
STOCK QUOTATIONS.
GENERAL sTocvs