The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-05-05
FINANCE AND COMMERCE.
FINANCE.
INDIkNAPoLTs. May 4.

INDIANAPOLIS, May a.
Monetary matters were very quiet yesterday
Bank deposits show little life. Individual de-
posits have risen steadily since April l. Rates
firm at to per cent. under a good demand.
Exchange in better supply, though we still
quote New York at soc premium
Parties who are DESTROYS of investing surplus
moneys in railroad securities are referred to the
advertisement of Messrs winsiow, Lanier & Co.,
in another column regards the securities OF
the New York, Buffalo & West shore road, which
will be opened for business to New Albany and
Syracuse in August, and to Buffalo before win
ter sets IN. A critical inspection of the route
along the west bank of the Hudson river by EN-
inent capitalists who are not accust omed to put
their money in waste places, fully satisfied one
of the most powerful syndicates of recent days
that funds invested in this enterprise would re-
allie a speedy and handsome return. When the
$4,000, 900 bonds were issued TO complete and
fully eunip this road were issued this syndicate
promptly took over $2o,O00,000 OF them.
$260OO, 900 having been disposed Of elsewhere
at par leaving for general subscription only
SALT 900. For the purchase ofthese securities
Messrs. Winslow, Lanier & Co. invite sealed pro-
Drosals until Thursday, May 10, at o'clock P.
NJ, when they will be opened in the presence OF
bidders by John A. Stewart, president of the
United States Trust Company, F. N Lawrence,
president of the New York Stock Exchange, and
Henry f. spauding, president Of the Central
Trust Company of New York These bonds run
for fifty years, are collaborating with the inter
est payable January and July 1, of each year, at
per cent in New York city, at the option OF the
bearer, and at London in sterling money OF
Great Britain. AS these bonds are secured by
first and only mortgage covering the entire rail
owned or hereafter acquired, the investment, it
Is easily observed, is of the best that has yet
been offered to the public, and the probabilities
are that bids will be received for an excess of
the $4, Ill, 900 now available.
The New York Money Market-Stock Trans
misunderstanding Prices of Government Sc
NEUTRALITY-SUSPICIOUS. of General Stocks.
NEW YORK, May 4.-Monev 3a4la per cent;
closing at 3 per cent.
Prime mercantile paper 606ts per cent
Dry goods imports for the week 81 ,256,000.
Government bonds weak, aud generally is04
per cent lower.
Railroad bonds strong,
State securities neglected.
The stock market was firm and strong, and
showing considerable advance until the begin
ming OF the last hour, when the market was
feverish and 1uctuating, at first weaker, and
there was decline of le to So on the general
list and le on Louisville & Nashville TO 52ss;
but in the last half hour the decline was more
thas recovered on all except Louisville q Nash
vile. many stocks making the highest prices of
the day. But in the last five minutes of business
there was another decline of e TO g on
the general list, and New York Central
declined So and Lake Erie ie These changes
left the market Irregular, as compared with last
night. some stocks being higher and some lower.
Vanderbilt stocks were firm at the close except
New York Central. The strongest stocks on
the list at the close Jersey Central, Union
Pacific, 81. Panl, Denver, Missouri Pacific Han
nihal a. ST. Joe, East Tennessee preferred and
the Richmond stocks. The weak ones were
New York Central, Louisville & Nashville, Cana
da Pacific and Manitoba.
The transactions Mt the Stock Exchange to-
day aggregated $4,000 shares. "a follows:
Delaware. I.arkawanna & Western 10000, Dem
yer 81 600. Lake Shore 10000. Louisville h
Nashville 1000. New Jersey Central $4,000.
New York Central $4,000, Northern Pacific
$1,000 ST. Paul %, 600, Union Pacific, $4,000,
Oregon & TranscontinentGl 5000 and West Point
1900
STOCK QUOTATIONS.