The Indianapolis journal., 1885-08-17

Light Demand for Money in LOndOn-StOcks
HiDhe

Light Demand for Money In LOndOn-StOcks
Active-Americans Higher.
LONDON, Aug 16.-The discount demand is
limited The rates are II to i for three
months, and L. to 2 for longer dates. Shorts,
to J. The stock markets were marked by an
upward tendency throughout the week. Yester
day business showed unwonted activity and
the markets closed at the highest figures of the
day. American railroads have been in strong
demand, and the advance during the week was
continuous. Investors are showing more
confidence. The buying yesterday was slim
uated by a cablegram announcing that the
New York Central was returning to the old
freight rates, this being taken as an indication
of cessation Of the war between the trunk
lines. The strength of the higher classes of rail-
roads quickened the weaker stocks. Exchange
dealers concur in the opinion that the nature of
the transactions shows large flow Of genuine
investments in American railroads. The IN
creases for the week are: Baltimore & Ohio, 25d
Cincinnati tS Baltimore seconds, 7; Cincinnati d
Baltimore thirds, g. Illinois Central, q; Louis
vile & Nashville 81; Erie consol mortgages, %;
West Shore, y, Pennsylvania & Ohio mort
cages, l; Northern Pacific first mortgages, /;
Ohio q Mississippi preferred. 5; Oregons, 2;
Reading general mortgages, 2; Wabash. L.
Although little business was done on the Paris
Bourse during the week, prices were firmly
maintained. Rentes showed daily variations,
Most attention was given to Panama and Suez
Canal shares, which were attacked by heavy
bear operators. The market receiving outside
support, there was rally from last weeks fall.
Suez shares became depressed on the report that
the company was employing its reserves to sus-
tain Panama shares. An official contra
dcton was issued, but it failed to
convince those interested The Bourse
closed yesterday, the dav being
holiday. The final quotations of Friday are as
follows: Three per cent rentes. S0f soc; Italian
fives 94f SOC. The government has decided that
should Belgium refuse to take back silver coin
age or to continue in the Latin Union France
shall collect Belgian silver from circulation, and
after taking French in exchange. deposit the
balance, estimated at 300, 000 900 francs, IN the
Bank of Belgium, holding bills for the amount
in Belgium The merchants of Antwerp and
Brussels dread the result, fearing an intense
disturbance OF prices and wages, and serious
crisis, and want the government to agree with
France.
Business on the Berlin Bourse was depressed
in the early part of the week, owing to reports of
growing bad foreign relations, ana the absence
on holidays of leading operators. The down
ward tendency was counteracted, however, by
advices from st. Petersburg, reoorting that the
entente cordiae between Russia and England
had been restored. These advices gave an i'm
petCs to all international stocks yesterday, and
there was a general advance, the market closing
at the hie hest prices of the week. Austrian
silver rentes; 68 20; Austrian gold rentes, S8 20;
A. 90 Italian fves, $50; London short, 20. 3S3;
London long. 20 81.
There was firm tendency on the Frankfort
Bourse during the week. Most of the variations
show moderate advance. Transactions were
very limited, number of operators being absent
on holiday vacations At the close Austrian
Continued ON Second Page.l