The Indianapolis journal., 1883-08-14
The New York Money Market-Stock Trans
acknowledging Prices of Government Sc
entities OuotatioDs of General Stocks


eurities-Quotations of General Stocks
NEW YORK, Aug. l3.-Money easy at 21ka3 per cent.
Money rose to per cent bid at the close. The ad
is due to the shifting of loans incidental to
iquidations now going
Prime mercantile paper, 5d6 per cent.
Government bonds lower for fours aud four-and-a-
halfs
Railroad bonds fraction better for some issues.
State securities dull.
The stock market opened very nervous, and from 4
to IL per cent lower than the closing prices Sat
urday. There immediate and active selling by
good many holders Of long stock, as well by the
beare and in the first thirtytve minutes the further
decline ranged from Il 10 3is the latter on Omaha
common. to 37&. For the next fifteen minutes there
ton Of A@1S, the latter Western Union to H. Part
of this recovery h@s4 the latter on Jersey Central
the next twenty minutes thoGgh the market re. re,
stocks were up to the opening prices of the day,
viz: Lackawanna, Western Union, st. Paul Read
citic and Denver. All other stocks were lower than
the opening prices and all stocks TO on the 5 st
transactions of he first hour and hat assTegStsd
on the market the force of which directed against
the Oregon Trauscontinental. which was steadily
at I2:s6 down to So at about l:s6 but from which it
rapidly reacted by o'clock 10 81 outside this stock
latter Central Pacific, to 621a; Richmond 4 Danvie
and ls on common, TO Sss; "a on Union racing. TO
500: Ia on OMAHA to 36A; ia on Louisville Nash
Pacihc to 25 St. Paul IL to 49,; New York Central
~, to i3.g Western Union ", to 759s; ~ on Mis-
Canada Pacific, to 52a4; Ia Kansas Texas to ~;
Go 1 Sn TO 81 the on Of g s
From these extreme declines there was pretty
general m the reeeSsS esse of ei0 Oregon franscon %
tinental, stated above, was per cent and from
however left prices largely below the prices at 1880
weaker, and there was further decline of per cent
on orthwestern and to "a on the remainder Of the
mental Between 2:3o and 40 o'eioek there YVES
to 2i But this recovery was lost before the close,
d a. rnsr in 6Ss S desPs YE
Central were almost the only stocks that were very
from iOijf to io5i, the last price being 100,
The suspension of the commission stock brokerage
Stock Exchange about 2:3o o'clock. member Of the
firm states that the liabilities are between $50 900 and
From the Eyepng Post The furry in the he stock S
by efforts on the part of interested parties to
finances. The failures Of mercantile houses and
banks in various parts Of the h sy4ntry had qndorbt
prevalent for three months, and these circumstances
wonId probably have caused Gradual decline IN the
have preeipitated the declins The following letter
dent of the Northern Pacific, aud explains itself
"To the Editor of the Evening Post:
moment, through Your columns an aSemnabie false
hood which appeared in article The Financial
World, in yesterdays issue of the New York Times,
regarding myself personally and the companies rep
resent This article alleges that it is stated on good
authority that the Willard syndicate ha- bought
less than O0 coo shares of Oregon Transcontnental
and Northern Pacific during the past
three months in the effort to sustain
prices and it alleges further tl,at
to borrow it is stated S. GOA 600 of exchange from
big house, and So 000 00D from another deny these
statements as wholly false. None Of the companies
represented by me- any syndicate in which am iu
single share Of any OF stocks to sustain the
ket prica has Ahere been single dollar borrowed
in sterling, marks, other for the alleged
by of our corporations. syndicate
improve this opportunity, also, correct another
falsehood which has been circulated through the
for time past, to the effect that the Oregon
Transcontinental company has recently
been selling treasury stock The company
the past four months, during which time its capital
has remained at forty millions undisturbed. 1t
should be understood, moreover. that the company
has never bought of its own stock will it do
as long the pTesent boar of manag cement con
The transactions at the Stock Exchange to-day
aggregated 5sl hru shares, follows: CanaGa South
ern, $4,000 Central Pacific 9,ogg Delaware, Laeka-
wanna q Western. 7d,0O; Denver and Rio Grande,
2i,00g Louisville Il Nashville. 2,nO Michigan Cen
tral, 5000 Missouri Pacific, Il, 900; Northwestern
1900; New Jersey Central, a. 0N; New York Central
2n00; Northern Pacific 3,r00: Northern Pacific pre-
900; st, Paul Omaha, 6,0a; Texas Pacific. p 90;
Wabash Pacific. T.n0; Union Pacific, a. COZ; Western
Union, l3,w0: oregon TranscOntinental. 30. coo:
Wabash preferred, l20OO; Canadian Pacific, 5000;
Manitoba, 1000.
gTorK OUOTA ATIoNS