The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-07
FINANCIALAND COMMERCIAL
MONEY AND STOCKS.


Saturdays Transactions the New York
Stock Board.
NEW York, Jan. Mooney easy at 1-20
2 IL per cent: closing offered at 2 per cent
Prime mercantile paper, sac ID per cent
Sterling exchange, bankers bills are dull al
4S2 IA for sixty days, and 4S5 for demand.
Bar silver, $l1O So
Government bonds were firm
In railways the features were drop in West
Shore from 65 to IS and an advance in Kansas &
Texas generals to 81 IL; the former closed at
S. IA and the latter at 49, Kansas Sc Texas gen
erals were taken largely for Amsterdam account.
chesapeake & Ohio currency Is rose IL per
cent to 80; Texas Pacific incomes 1-2, to 46 10,
and Wabash general 6s IL, to SO. Transactions
in West Shore 5s reached the enormous total Of
$1, 472, 600
State securities We're quiet
At the opening of business at the Stock Elk
change sharp drive was made against Union
Pacific, st. Paul and Lake Shore, on the an
nouncement that Commissioner Fink had ordered
the trunk lines to reduce rates Zoe per hundred
on various classes of freight, and advices
from the West that the Chicago Burlington &
iQuincy and allied roads had been unable tocome
ito terms st. Paul declined 3-8 per cent. to
90 IA; Union Pacific 1-S to Y IA and Lake
Shore IL, to % IA. The weakness was ofshoIt
tQuIablOn, ana DeIOFe Ii O'CLOCK In5 market was
accorded strong support Speculation the re-
mainder of the day strong and at times
buoyant, and evidences were not wanting that
the leading operators were free buyers. After
midday there was quite boom on reports from
the West that the Chicago, Burlington & Quincy
had decided to pool competitive business after
the 18th inst This was followed by a fractional
reaction, but near the close the Tnarket moVedup
rapidly once more Missouri Pacific sold up to
81, Louisville & Nashville to AZ Ia Western
Union to 76 Is, Northwestern to us 3-S Canada
Southern to 3d. Michigan Central to co. New
York Central to ia IL Erie to 2S 80, Northern
Pacific preferred to Sc rs, Oregon & Transconti-
mental TO "a 3-S, and Reading to So The steady
buying of Louisville & Nashville Missouri Pa
ciffc, Western Union and Union Pacific and
the rise in the same had a
tendency to start the whole market. There
were large purchases of stocks throughout the
day, both for local and out-of-town account and
the operators displayed greater confidence than
for months past The Investment of January
interest and dividend moneys has set in actively,
both in railway shares and the bond markets.
THE sales of stocks for the week amounted to
u, 848, 1855 shares, an increase of 1920 shares.
Among the securities not dealt in at the Stock
Exchange, North River Construction dropped TO
IA, and rallied to 10 IL. 1t is understood that
ID. o. Mills and Henry Willard parted with their
holdings AS compared with last nights close
prices are I-2a3 per cent. higher, the latter
michigan Central The majority of active stocks
show advance of 101 IL per cent.
Transactions aggregated 416, 900 shares and
Included d, 600 Delaware, Lackawanna g. West
ern IA, 900 Erie 10, 900 Lake Shore % 900 Louis
vile & Nashville, 10000 Missouri Pacific. 1000
Reading, $4,000 Milwaukee 6 st. Paul, g. 900
Texas Pacific, 1900 Union Pacific, 5000 West
ern Union fl, 900 Oregon o. Transcontinental
and %, 900 Northern Pacific.