The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-03-05
FINANCIAL AND COMMERCIAL
MONEY AND STOCKS.
New York Financial Market.

New York FINANCIAL Market.
New YORK, March Mooney easy at ! 1902
per cent, closing offered at . per cent.
Prime mercantile paper 4a5 IL per cent
Sterling exchange, sixty-day bankers bills.
4S6 "a; sight, 489 3-4.
Produce exports for the week, So, 04G,000
Governments were steady.
Railway mortgages were firm.
In State bonds Georgia gold rose to ia IL,
Missouri SKIES 1856, sold at LOG; of 1887 at 1O7,
and 1889 at 112.
The share market to-day, opened strong and
higher, the strength being due to the belief that
railroad troubles in the West would be fixed up,
and on advices from Chicago that the North
western Traffic Association had been continued
until March 10. All leading shares were in act
i've borrowing demand and Union Pacific was
lent at 1-S01-4, Michigan Central at IL, Louis
Vile & Nashville at 1-16, Lackawanna at 1872
ZIG, Northern Pacific preferred fiat to is, New
York Central and st. Paul at 1-64 and Lake
Shore fiat. The feature was the difference in
some of the other stocks, cash and regular This
difference was 1-Sa3-S per cent in Michigan
Central, st. Paul. Northern Pacific preferred,
Lackawanna and Louisville &c Nashville There
was also a difference of 1-8014 in ST. Paul and
Union Pacific and 1912 in Louisville & Nash
vile, seller 3, and the regular advance in
prices ranged from 1912 10 per cent,
the latter in Manitoba which sold up from % to
81 IL. Union Pacific was fayorably affected by
reports from Boston that the annual statement
will show balance above a per cent. dividend
of $4 COO 600, equal to IA per cent. the stock,
against a surplus in 1882 OF So $751; 900, or equal
to 10 IL per cent Louisville & Nashville was
prominent feature of the market and advanced
on outside buying induced by the recent court
decisions. Changers were buoyant for time on
favorable reports early in the day in regard to
the western railway situation and also on the
Increased earnings reported to-day for the fourth
week and month of February. There was less
excitement and activity in Lackawanna, al
though the stock fuctuated frequently All
Vanderbilt stocks participated in the improve
ment and were conspicuous in dealings. Late in
the afternoon it became apparent to room
traders and bears that there had been
some realizations at the extreme advance of
the day, and in the last hour Of business they
'faided the market, using the announcement of
fhe cut in rates ordered by the Atchison, To
peka & Santa Fe railroad to accelerate the de-
cline. Prices fell off IL to IL per cent, ex-
eept Manitoba, which dropped IL, to 80. Com
pared with last nights close, Quincy is per
cent. and Lackawanna and Omaha preferred per
cent. each higher. Lake Shore'i is "a lower; Erie
a8, Northern Pacific l and Western Union So
h, ~. A. & Z. rose l-s, to ~ l-s Two hun
dred shares Of Northern Pacific preferred we're
bought in under the rule, =" on account of Van
dick & Williams, and 100 st. Paul and 100 Lake
Shore on account of A. B. Stockwell
Transactions aggregated All 600 shares, as fol-
lows: Canada Southern 100000 Delaware Lack
awanna & Western, $4,000 Erie II, 600; Lake
Shore, $4,000; Louisville & Nashville 4S000
Michigan Central, 5,000 Missouri Pacific, 90OO
Northwestern, % 600; New York Central, $1,000
Pacific Mail, 10000; Reading, $4,000; ST. Paul,
$4,000; Union Pacific, Al ,0OO Oregon & Trans
continental, 7OOO Northern Pacific, $4,000.