The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-06-23
FINANCIAL AND COMMERCIAL
MONEY AND SECURITIES.

tions on the Stock Exchange.
New York, June 21.-Afoney was unusually
active; call loans advanced to II per cent, clos
ing offered at per cent.
Prime mercantile paper, sac per cent
Sterling exchange is weak; sixty day bank
Ors' bills 81. S3s, and demand 1851.
Bar silver, $1.10a.
Government bonds were weaker on sales of
speculative holdings.
Railway bonds were lower, especially for
Union Pacific issues The sinking funds broke
to 100 and the hrsts to los.
State securities were dull.
The Stock Exchange was today the scene of
great excitement, and fluctuations were frequent
and violent At the opening the market was
general list and Il and 81 for Pacific Mail and
Michigan Central. The decline was due to re-
ports that a leading clothing concern was in
trouble, but this was subsequently denied.
About 1915 it became known that large
amount Of Delaware, Lackawanna q Western
had been called in, and the bears Immediately
started to cover, which resulted in a large ad-
vance. Delaware. Laekawanna & Western
and Missouri Pacific were the great features of
speculation the former rising 81 per cent, to
to 105 and the latter 81, to 100 Cash stock
was worth a per cent more than regular, and
as high as Il per cent was paid for
Western The other active shares also
commanded a premium for use. The sharp
rise in Delaware, Lackawanna e Western and
Missouri Pacific had favorable effect on the
general list and prices rose l q 3 per cent West
ern Union sold up g. to 80; Union Pacific 81, to
37t; Lake Shore q, to TIL; Chicago, Burlington
4 Quincy 2, to III; Northwestern 81 to 9O!;
Louisville & Nashville q, to 90; Milwaukee &
St Paul o., to 674; New York Central %, to
1901; Rock Island q, to 215s; Pacific Mail q, to
3Ss; Illinois Central Il to l16 Northern Pacific
preferred Il, &c 44ss, and Reading IL, to "a The
advance brought about realizations and Missouri
Pacific fell off to 94a, Delaware, Lackawanna
and Western to 1922. and the remainder Of the
active list az per cent When the bank state
nent was made public a fresh buying
movement set in, and prices rallied 4014
per cent, outside of Missouri Pacific and
Delaware Lackawanna G. Western, which rose
Il and 81, respectively. The exhibit of the
associated banks was very favorable showing
gain in reserve of $3,033,0T5, which places the
amount held by the banks above the legal re-
guirenehts at $40 01907 Late in the afternoon
the bears started story that c. P. Huntington
and some of his corporations had failed or were
embarrassed, and money was bid up rapidly to
II per cent. per diem simultaneously drive
was made against nearly all the leading stocks
and prices we're forced down l 044 per cent on
the general list and and per cent. on Della
ware Lackawanna & Western and Missouri Pa
eifc. Central Pacific fell off B. to 351: Canada
Southern Il, TO 329; Chicago, Burlington & Quincy
q, to 1885,: Northwestern 4, to 664; dopreferred
y, TO I2O; milwaukee, d St Paul Al, to OBJ; Rock
Island q, to 1925; Delaware. Laekawanra G.
Western 5 to 100; Louisville & Nashville 81 to
e6a; Lake Shore A, to 73a. In the last fifteen
minutes the market was frmer and there was
general recovery of Il az per cent viz: Mil
waulSee & St Paul Il, to 64s; Central Pacific II,
tos37; Lake Shore ], to 74s Northwestern l, to
B7s; Rock Island II, to 1887; Union Pacific l. to
354; Western Union l, to 55s; Pacific
Mail Il, to 37a; Pullman Palace-car Il. to
95.; and Missouri Pacific Il, to 50. Michigan
Central however, continued weak, closing at 60
In Il last hour there were 2 600 shares Of Della
ware Lackawanna d Western, Milwaukee &
St Paul and Western Union bought in under the
rule for non delivery. The result of the wide
fluctuations of the day to leave the market
irregularly changed as compared with last night,
though majority of the stocks We're lower, viz:
Canada Southern l, Chicago & Alton l. Central
Pacific Il, Erie preferred Il, Illinois Central IL
Pacific preferred l !, and Milwaukee & St Paul
Il. the other declines being fractional. The
principal advances were Delaware Lackawanna
& Western 49, Missouri Pacific A. Oregon Navi-
Cation p and Rock Island IL the other ad-
vances being fractional. The sales of stocks for
the week were ], 9f3 SS1 shares
The transactions at the Stock Exchange TODAY
aggregated 1890 shares, and included H. 600
Central Pacific; III 600 Delaware Laekawanna
& Western; $4,000 Lake Shore; 1000 Louisville
& Nashville; % 900 Missouri Pacific; 81 600
Northwestern; IL, 900 New York Central; g. 900
Pacific Mail; 81, 900 Milwaukee & St Paul: 81 :
600 Union Pacific; "a, 900 Western Union; % 600
Northern Pacific; 5000 Chicago, Burlington g.
Quincy.