The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-21
FINANCIAL AND COMMERCIAL
MONEY AND SECURITIES.

The New York Stock Market Weak, with
Lower Prices for Shares.
New York, May 2O,-Money easy at LEA,
2 per cent
Prime mercantile paper, las 12 per cent
Sterling exchange, sixty days. G4s3 a asa sight,
4si 12@4s5.
Produce exports for the week, $511, 500
Governments were lower.
Railway securities were lower for West Shore
hves
State securities were quiet.
The share market was weak and lower
throughout the day, and many unfavorable and
unfounded reports were circulated Rumors
regarding Russell Sage and his privileges were
used against the market in tho afternoon.
Prices opened 1-2 al "a per cent lower, the lat
ter in Louisville G. Nashville, which fell off to 30
The break brought in BUYERS for both accounts,
and there was rally of 1-2 az per cent. l.. e. n.
again being most conspicuous, selling up TO 81
The other active shares rose I2G1 per cent,
but before midday Lackawarna showed consid
cradle weakness, anddeclned, under large offer
ings, to JOG "A Subsequently the stock rose
to los, and the general list improved In
the afternoon Wabash preferred was offered
down per cent at time and prices dropped;
Missouri Pacific broke "a, to GO IL; Central
Eacluc i DO, 10 ~ IL: NORTHWESTERN Z 0-4, TO
101; St Paul 3 IA, to IS "a Lackawanna 3d.
to 105 5-S; Delaware g. Hudson 2 to 100; Louis
vile & Nashville 5-S, to 80 3S; Lake Shore 2 to
"a 3-s; New York Central Is, to l09 rs Erie
/ 5-S. to il IA; Missouri Pacific preferred IL
to AZ IL; Pacific Mail 2 IL to 36 II; Texas
Pacific 3-8, to u Is; Union Pacific l, to 43 3-S
WABASH 4, to z, and Western Union 3 l-9, to
So 10. Near the close there was better feeling
but in final dealings part of this
Improvement was lost The market closed com
IaIatively firm. One thousand shares Western
Union was transferred to investors names to-
day. Compared with last nights closing, prices
are IL lower for Missouri Pacific, . rs for
Western Union. 3S for Laekawana, 2 5-8 for St
Paul, Is for Lake Shore, IL for Delaware
d Hudson, for Northwest, "a for Canada
Southern and Central Pacific. liz for Jersey
Central and Northern Pacific preferred, So for
Wabash preferred, Erie & Chicago, Baltimore &
Ohio; IA for Pacific Mail and Omaha preferred,
/ 1-s for Louisville g. Nashville, New York Cen
trail, and Reading, and Ia to l per cent. for the
remainder of the list except for Denver s. Rio
Grande, which is 1-2 per cent higher.
american Cable declined 2 per CENT, to
SO; Bankers g Merchants Telegraph T.
to 46; Chicago & Alton i, to 13i l-s;
Illinois General "a, to 1872 1.2; Long Island 18,
toes 1906; Memphis & Charleston s. TO 26;
Erie preferred 3. to 32032 IL; Ontario & West
ern "a, to 9 Ia St Louis & San Francisco
fret preferred rose l-2, TO so 1-2; New York,
Susquehanna & Western preferred 3 SO, to IL
3-s; Metropolitan Elevated 3, to Sc, and Man
haitian Elevated first preferred l. to 80. Mani
toba sold up 1, to so, and dropped to 81 1-2;
Oregon Navigation advanced 2, 10 70, but closed
offered at a.
Austin Corbin has signed an agreement for a
money pool on Peoria and Indianapolis business.
Efforts have been made for some time to bring
about this result Rufus Hatch says there is not
a word of truth in the runor that he has failed.
Transactions, $4,000 shares, to-wit Laeka-
wanna, n eee; Erie, g. 600; Lake Shore, "a, coo;
Louisville & Nashville %, 900; Missouri Pacific,
10000; Northwestern, IL 900; New York Central
5000; Reading, 1900; St. Paul. 50 600; Texas &
Pacific, 5000 Union Pacific, $4,000; Western
Union, 46,ee0; Northern Pacific, 1000