The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-09

Money still rules close and were it loaned at
all would bring higher rates. but there are few
loans made and only to the most favored custom
Eastern exchange is offered in large blocks
with few buyers, and heavy currency shipments
in consequence.
The New York Money Market-stock Trsns-
acknowledging Prices OF Government Sc
neutrality-suspicious. OF General Stocks
NEW YORK. Aug. s.-Money was easy at "a
gig per cent, closing at pig per cent.
Prime mercantile paper 4la@6 per cent.
Governments higher for threes, tours and four
and-a-halfs
Railways generally lower for Northern Pacific
1irsts, East Tennessee incomes and TexasPacifc;
Rio Grande firsts lower.
State securities dull.
The stock market was generally unfayorable
and weak during the forenoon. After 1890 the
market was quiet until little after l, when
there was raid on Northern Pacific. in which
Oregon & Transcontinental was broken down
from 78 to 20, in a few minutes, on what were
said to be stop orders for 10000 shares, though
there is reason for believing that this was not
true, and that it was only precOncerted raid.
At the same time Northern Pacific declined from
47Ss to Asa for common, and from s7ls
to s5s4 for preferred, and Oregon
Railway and Navigation from 1873
TO 1876. Texas Pacific also declined in the
same time from 81 to 80, and Kansas d Texas
from 20 to 25ls. During this time the decline
in the rest Of the market was only from q to o.
Among the specialties also, Alton & Terre Haute
declined from so to So, making decline of
per cent. up TIL O'Clock. just before Oregon
& TranscOutinental recovered per cent, to To-
and the general market outside of this stock re-
covered le to 81. In the last hour the market
was at first steady at the recovery noted at 2
o'clock, but the stesdiness soon turned into
weakness, prices declining in the last half 1e to
e. the latter Oregon 81 Transeontlnental, from
z27s to II ~ with Il on Texas " Pacific, to 20
% on North Pacific common, TO 465s, and le TO 2
on the remainder of the market.
The board OF directors of the Oregon Improve
ment Company declared a semi-ann ual dividend
of per cent, payable Sept. 10.
more than the usual amount of lying heing done
in the stock market. One story which has been
freely circulated, and which was reiterated at
some of the clubs last night, was thai a certain
company had been recently borrowers OF from
So 0O0. 600 to So, 900 GOO in the way of sterling
loans for use in sustaining certain stocks on the
market. This is not only positively denied by
the BANKERS through whom the loans are said to
have been negotiated, but there have been
evidences OF any such transactions in the
change market. The sharp and important break
in Oregon g. Transcontinenta just after o'clock
to-day reported to be in consequence of
stop order on 10000 shares, which is not be-
lieved by anybody, the general understanding
being that the break in that and other Northern
Pachcs was the result of preconcerted bear
raid. Aside from the above there were also
mors OF bank failure and yarions other dis
quieting reports or Yesterday. the majority OF
which are denied to-day"
The transactions at the Stock Exchange to-day
aggregated 243,000 shares, follows: Della
ware, Laekawsnna & Western, 10000 Denver,
1000; Erie, 1000; Kansas & Texas, 5000;
Missouri Pacific, $4,000; New York Central,
19,000; Northern Pacific, 81 ,0oo st. Paul, g.
600; Texas Pacific, $4,000: Union Pacific, 49,
600; Wabash Pacific, 5000 Western Union, o.
O0O; Oregon q Transconrinental, $4,000: North
ern Pacific preferred, 23,0o0 Wabash prefer
red, 1000.
STOCK QUOTATIONS..
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