The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-18

ure Money is in fair demand, and bankers are
scrutinizng paper very closely. Few loans are
made below per cent Eastern exchange is
weaker, with no bids abeve par. Cincinnati
could not be disposed of at par.
An Exciting Day in New York-Large Sales
and the ''8ears" on Top.
NEW YORK, Oct 17.-Money quoted at per
cent. Closed at 2 per cent.
Prime mercantile paper, 607 per cent
Government bonds lower.
The general market for railroad bonds was
lower. in sympathy with the decline in the stock
market, West Shore bonds and Texas & Pacific
incomes being the special features, and both
lower, the former being 1 So lower, at IA Il, 724,
73ls, and the latter 1la lower, at So, 81. Rio
Grande division bonds were also 17s lower, at
Il, 20, 70l2 Burlington & Quincy debentures
were l per cent. lower, at 80; Chesapeake IL
Ohio skies we're per cent, lower, at 45 East
Tennessee incomes, lower, at rs; Kansas IL
Texas general mortgages, lower, at 70 and 70;
Louisville & Nashville general mortgage, low
er, at 9Ol9
The stock market was more active, and the
general decline in prices was greater than on
any previous day for many months, though e
reaction after / o'clock made the net decline
up to 1890 very much less than at the extreme
decline at IL and g. The general net decline
for the forenoon was from q to 3l4 per cent,
the latter on Oregon Transeon-
tineptal, with an exceptional net de-
cline of per cent. on Oregon
Railway & Navigation, the extreme decline In
this stock from the opening price to the lowest
price at IL O'Clock being l3 points. The total
sales of stocks, up to 1880 o'clock, were 49,
600 shares probably the largest total for any
half day in the history of the Exchange. The
recovery rroia the lowest prices of the forenoon,
which began Just about ~ o'clock, was contln-
ned until nearly 2. In these two hours the most
Oregon Trans
continental gig per cent, to 1888; Oregon Rail-
way g. Navigation 1a4, to 104Si; Northwestern
St. Paul ia to 81; Northern Pacific
16s, to 256s, and preferred l. to 59la; Lack
awan9s l. to nan; Central ia,I Psolnc /, r. 10 ~
Western Union lie, to 49, Michigan Central
a. to 78l9 Kansas & Texas 81, TO Il; Union Pa
eifo 81, to S6l2; Missouri Pacific 81 to 92si Jer-
sey Central q, to 1898; Wabash preferred b, to
30la, and common l. TO l8ls: Omaha common /,
to 1915 Manitoba 1, to 1862, with smaller ad-
van ces on the other stocks.
In the last hour the market was weak, and
there was a continued decline until within about
FIVE minues Of O'clock, when there was sud SUD
which caused fractional advance in other
stocks. The decline in the earlier part OF the
hour was q to 2la on all stocks; with Will !; ~
to OIL, with a final recovery to 102 at the close.
The break was due solely to the manlpulations
hammering, have undermined confidence and
shaken out large amounts of "long" stock. The
spears" to-day covered over 100000 shares of
different stocks.
The transactions at the Stock Exchange to-day
aggregated 80 3 900 shares, as follows: Central
Pacific. II 900; Delaware, Lackawanna & West
err, 10000; Denver, 5000; Erie, %, o0O Kansas
Il Texas, 5000; Lake Shore, Al 200; Louisville
IL Nashville, 21,0o0; Michigan Central, $4,000;
Missouri Pacific, 10000; Northwestern, $1,000;
New Jersey Central, $4,000; New York Central,
1900; Northern Pacific, 100000 Northern Pa
cfc preferred, 81 900; Reading, II .0o0 st. Paul,
$4,000; Texas Pacific, 1000 Union Pacific, &c..
600; Western Union, 24,000; Oregon d Trans.
continental, 1900; Oregon Navigation, 1000
Wabash preferred, 5000; ST. Panl & Omaha pre-
ferred, 5000: Canadian Pacific, 1900.
STOCK QUOTATIONS..
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