The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-19
FINANCIAL AND COMMERCIAL
MONEY AND SECURITIES.
A Better Feeling, and All Glasses of Bonds
in Good Demand.


in Good Demand.
New YORK May 17.-Money loaned at Is q
IA per cent. per diem, but closed easier at a
21-2 per cent. per annum.
Prime mercantile paper, sac per cent.
Sterling exchange is steadier; sixty-day bank
ers' bills, 4S3 a 4S5, and demand, 30 4S6.
There was a marll::ou change for the better in
the temper of share speculation to-day. Pur-
shases, both for investment and On speculative
account, were on a large scale. Money was also
decidedly easier, and, after loahing at IA per
cent per diem early in the day, it declined to 2
per cent per annum at the close. and banks
were much more liberal to borrowers. The
total issue of clearing house certificates is ST.
GOO, 0oe, of which SC, 300, 900 were taken by the
banks during the day. The feature of the
market was the heavy buying for foreign ae-
count, and also the action of the United States
Treasurer in transferring $S,o0o,0e0 of legal
tenders to this point. The stock market opened
at an advance of 1913 1-2 per cent, the
latter Central Pacific, which rose to 46 IL
About IL O'Clock sharp attack was made
on coal stocks due to a report that the
coal combination had disrupted. New Jersey
Central broke per cent, to 20. Reading ID per
cent, to % "a, and Delaware, 1ackswanna &
Western A. to lOg This unsettled the general
list and prices fell off 1913 per cent. Western
Union about this time became strong and rose
20 So IA and this turned the market once more
sn the afternoon Louisville q Nashville and
Missouri Pacific We're weak, the former se1hng
down to 81 and the latter to 50 Is The trans
fer of legal tenders to this city by the United
States Treasurer was now announced: the
money market showed ease and prices moved up
Fonee more Speculation then became buogant
j III r. 4, 1.rlI a,, 10 4l,p
way up The comparison with last nights
closing prices tells the story. Central Pacific
was per cent higher, Canada Southern and
New York Central ., Northwestern preferred 4,
Rock Island 2 Ia Delaware d Hudson and Den
yer & Rio Grande l, Lake Shore, Erie and St
Paul & Omaha IA, Missouri Pacific and Orc
qgon & Transcontinental IL, New York Central
g36, Northern Pacific preferred 4, Pacific
Mail Ia Western Union lS, and the remain
der of the active list l801-6 per cent. Louis
vile & Nashville and Reading, however, were
per cent. lower. Among the inactive stocks
Albany & Susquehanna declined per cent, to
1913; Chesapeake a. Ohio Is to 8; Metropolitan
Elevated g. to 81: New York. Susquehanna IL
Western preferred 4. to TO- and St Louis q San
Francisco 9 IA to 19. Cleveland Columbus,
Cincinnati 81 indianapolis POSE 4 to 40; Chesa-
peake & Ohio first preferred , TO l6 l-2 Illinois
1,eaItral 2 to 1913 IL: Chicago St. Paul 81
Pittsburg preferred 5, to % Nashville & Chatta-
nooca II, to Al IA New York, Lackawanna d
Western l. to 80; New York, Chicago d St.
Louis 1, to 4 preferred !, 10 l3 New York q
New England 8. to -; Norfolk Il Western pre-
ferred2 to 81 II: West Point Terminal 4, to 20,
and St Loslis & San Francisco first preferred 5,
so Pullman Palace-car fell off 4 per cent, to
10l and rallied to 104 IL Sales of stocks for the
week. 1920, S34 shares.
Imports of specie for the week, 1854 SAB; max
ing$4l S07 055 since Jan ], against &c. l21 $40 the
same fine last year.
Government bonds were unusually active this
afternoon, and dealers report feod of orders
from out of town: Prominent institutions In the
city were buying, and the transactions up in
the millions The tours were the special feature,
and advanced from 119 to l23. The four and IA
halls rose sharply, selling up to 1l3 59 ia for
coupon; the threes were 100 10 bid.
There was much better feeling in railroad
bonds to-day and some sharp advances were
made. The improvement ranged from l to per
cent, the latter in Chesapeake and Ohio class b,
which rose to 81.
State securities were quiet.
Transactions 4jG, 900 shares, tO-wit 5000 Can
ada Southern; 6,000 Central Pacific; 81 900 Della
ware Lackawana d Western; Il, 900 Erie; ), 900
Kansas q Texas; q, 000 Lake Shore 10000 Lou
isville Il Nashville; 49, geo Missouri Pacific; r.
900 Northwestern; 9 600 New York Central;
1000 Pacific Mail; 10000 Reading; $1,000 Mi
waukee & st. Paul: H. 600 Texas g. Pacific; 81 600
Union Pacific; $4,000 Western Union; 1000
Northern Pacific, and $4,000 Oregon q Trans
continental