The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-31
FINANCE. AND COMMERCE.
FINANCE.
INDIANAPOLIS Aug.

INDIANAPOLIS, Aug. 80.
midsummer dullness is over the banking
business. Bankers are grudgingly. allowing regu-
lar customers such accommodation as is abso-
lutey necessary, at per cent. Checking and
depositing are in light volume. The flow OF
currency to the country is checked, and bank
balances are rising. Mail business is the only
department that shows life. We quote Eastern
exchange at 500 to 81 discount.
The New York Money Marlket-Stock Trans
acknowledging Prices of Government Sc
neutrality-suspicious. of General Stocks
NEW YORK. Aug. 3O.-Money easy at 202la
per cent; closed offered at per cent.
Government bonds steady.
Railroad bonds quiet
State securities dull.
The stock market during the forenoon was
feversh and unsettled, but in the main stronger
than during the same hours yesterday. Prices
were vigorously hammered by the bears, and at
times this was successful in making temporary
depression below the closing prices last night
but it was apparent that there were good buying
orders in the market aJ a limited price, and
every time particular stocks touched these prices
there were recoveries in each, the net result of
which. was that at IL o'clock all stoeks, except
Northern Pacifics and Wabash, were Il to 1ss
higher than the closing prices last night, the lat
ter being on Louisville & Nashville, with Il on
Reading. on Jersey Central and Northwestern
and Il to e on other stocks. Northern Pacifics,
after being hammered down to 50 p for common,
6914 for preferred and 58ss for Oregon & Trans
continental, had reacted by IL to 36l9, 70 and
597s, respectively. Between IL and 2 prices
ductuated, with downward tendency In the
last hour the market was not only strong but
buoyant, and the highest prices of the day were
made in the final dealings, the advance in the
hour being from 81 to la per cent, the latter on
Northern Pacific preferred, to n Il, with q on
Oregon IL Transcontnental, to 6O7s; q on l-ak
Shore, TO 10l Il: Il on Lackawanna, to 1908;
per cent. on Louisville 4 Nashville to A III
on Reading, 10 81; on New Jersey Central, to
S0Ss3S2: l on st. Paul TO 1o124; on Michigan
Central. TO S23.; lie on Northwestern, to 12O19.
and ID 70 81 on other stocks. The general ad-
vance for the day over the closing Of last even
ing was Il 10 per cent, the latter on Reading
and Louisville e. Nashville
The Evening Post says: "The course of the
market to-day, or for that of the last two or
three days, has shown a change from the demon
allied and depressed condition which prevailed
SO long It has been shown by the books of pri-
waite bankers and in other ways that there was
an increasing volume of purchases OF stock by
investors, who pay for them and take them out
of the market. The pounding of the bears has
been the most vigorous work OF that kind they
have ever DONE and yet has made but little i'm
preston Oh the market The public seems at last
to be coming to the conclusion that stocks are
about as low as they are likely TO be-
The transactions at the Stock Exchange to-
day aggregated $4,000 shares, as follows: Cen
tral Pacific $500, Delaware, Lackawanna q
Western $4,000, Denver & Rio Grande 5000,
Lake Shore $4,000. Louisville & Nashville 81
900. Missouri Pacific 5 900, Northwestern $4,000,
New Jersey Central 2 900, Northern Pacific 49,
200. Northern Pacific preferred $4,000. Reading
1000. ST. Paul $4,000, Union Pacific 5000, Ore
gon & Transcontinental $4,000.
STOCK QUOTATIONS.