The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-04-24
FINANCIAL AND COMMERCIAL
MONEY AND SECURITIES.
Higher Prices for NIoney-The Stock Market
Weak and Depressed.

Weak and Depressed.
NEW YORK, April 23.-Money was in better
demand at one time this afternoon, and rose to
3per cent, but later reacted to l IL per cent;
at the close it was offered at 1 IL per cent.
Prime mercantile paper 405 IL per cent
Sterling exchange steady at 4S7 IL for sixty
days, and 4S9 IL for sight
Governments weaker for 4 LIS.
Railways weak.
State securities dull.
Speculation at the Stock Exchange, after the
FIRST opening, became weak and depressed, and
continued so throughout the day. The special
features were Canada Pacific Missouri Pacific,
Oregon Navigation, Oregon e Transcontinental,
Manitoba and Union Pacific. Canadian Pacific
was heavy, falling off from 40 rs to 46 IA
on a renewal of a report that an official of the
company had disposed of his holdings and that
there was discrepancy of 5000, 900 between the
books of the company and the Canadian customs
accounts. At the close there was slight rally
of IA to per cent on Pullman Palace, Oregon
Navigation Manitoba and Wabash but the
majority 'of the stocks traded in closed
at the lowest point of the day. Prices were ~
to IA per cent. below yesterdays final sales
Omaha preferred and Erie preferred were strong
and higher; the former sold up per cent, to S.
and reacted to "a 2. an advance of IL per cent
on the day; Erie preferred rose to "a and fell off
to 3d. The market in the afternoon was heavy
on advices from Chicago that at the Chicago,
Burlington & Quincy tripartite conference to
day nothing was done. Near the close of bust
ness, however, advices We're received to the eff
feet that the meeting was still in session; and
nothing authoritative was known of the delibera-
TONS During the day 2, 500 shares were sold,
Seller 90, in Michigan Central, Pullman Pal
ace Car, Missouri Pacific Canadian Pacific and
Manitoba, at "a to per cent below prices
in the regular way. Among the inactive stocks,
c., c., c. & l. declined IL, to So Chicago, St.
Louis & Pittsburg l, to 9, and preferred l, to 26,
Central, to l28 1-2, Minneapolis & st Louis pre-
ferred l, TO 80; United States Express rose IL to
81, and Oregon Improvement IL, to 81 IL; Ro-
chester & Pittsburgh sold up 5-S per cent, to
10 l-S and reacted to 5-6097-8
The governing committee of the Stock Elk
change has listed S., 600 600 per cent collateral
trust bonds of the New York, Lake Erie & West
ern Railway Company; 81. 900, 600 6 per cent
trust bonds of the Louisville & Nashville Com
bonds of the Morgan, Louisiana & Texas Rail
road and Steamship Company. The committee
has also decided to admit S., 600 900 capital stock
of the latter to the regular list when the certif-
Gates are ready.
1t is stated that sale of 81 800 900 worth of
lands to an English syndicate is in progress,
which, if contaminated, would increase the sup
ply of exchange just that amount.
Transactions 900 shares, to-wit: Lacka-
wanna, 81 600; Erie, 65,000 Lake Shore,
$4,000; Missouri Pacific, Is, 600; Northwestern,
5,000 Pacific Mail 5000: Reading 900; St
Paul, 10000; Union Pacific, "a, 900; Western
Union %, 900; Canadian Pacific, 14.000 Oregon
& Transcontinental, 11,000; Northern Pacific,
10000.