The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-19

Activity in New York Stocks.
NEW YORK, Jan. 1S.-Money easy at L IL
021-2 per cent. closed at 1892 per cent.
Prime mercantile paper, sac per cent,
Sterling sixty days, 49, sight, 81 IL.
Dry-goods imports for week, So, 692, 900.
Governments were strong.
Railway bonds were firm to-day. West Shore
s. Buffalo fives rose to 81 "a, declined to 80 -
and rallied to 81 "a. Sales were 49, 2SS, 900.
Texas Pacific incomes advanced to 49, and closed
at Al Oregon g. Transeontinental firsts sold up
2 10 per cent, to ~ IL, and Atchison, Colorado
G Pacific irsts declined 1-2, to 81.
State bonds were quiet.
The share market opened strong and higher
on the settlement of the trunk line troubles
Prices rose IA to l IA per cent, the latter for
Chicago, Burlington & Quincy and Northern
Pacific preferred, which sold up to III IL and
50 7-8 respectively Before the first call West
ern Union was attacked sharply on unfavorable
rumers, and the stock fell off from 70 IA to
II IA. This was succeeded by stronger tone
and advanced IA to l IA, Western Union and
Union Pacific being the most prominent Later
in the afternoon Kansas & Texas, Wabash
and Texas Pacific dropped suddenly to 49, IA and
l6 l-2 respectively The drop had a slight effect
on the other active shares, and at o'clock the
whole market was strong once more and ON the
advance The market kept that condition to the
close. Western Union advanced to 70 3-S; Union
Pacific to 70; Canada Southern, ST. Northwest
ern, lis 81 St Paul, SO; preferred, lis 49, Lack
awanna, ZIG IA; Delaware & Hudson, 1G5 49,
Lake Shore, 50 l 4: Missouri Pacific, 81 49, Kan
sas & Texas, 20 Is; New York Central, III 3-8.
Erie 25 u.s. preferred 6S "a Oregon G. Trans
continental % So; Texas Pacific, II 3-S, and
Wabash, to 16 IL
The feature of the market was the rapid re-
coveries which followed repeated attacks by the
clears" These rallies were the result of pur-
ehases by strong parties, who took large amounts
Of stnck-yid by those operating for lower prices.
In connection with these purchases it is re-
ported that two of the most prominent operators
had made two loans for large amounts with some
of the trust companies. The favorable turn in
the affairs of the trunk lines led to increased
purchases for investment and also to some
buying for London account. The advance near
the close stimulated by reports that the
Iowa pool troubles progressing satisfac
toriiy toward settlement.
Compared with last nights closing prices are
IA to IA per cent higher. Nashville & Chat
tanooga, however, rose l IL, to so 1-20 80.
Mutual Union, IL, to 10 "a; Chesapeake &
Ohio, "a, to IA "a Minneapolis &
st. Louis l IL to 10 "a; Colorado
coal 1, to u l-2. New York g. Texas land ad-
vanced to $50 bid. and $50 asked. The stock sold
at I3S yesterday. Evansville s. Terre Haute,
40; last previous reported sales, So
Transactions aggregated 1884, 600 shares as fol
lows: Delaware, Baekawanna & Western, 81, =
600; Erie. Is, 000; Kansas q Texas, 10. 000; Lake
Shore, %, 900; Louisville & Nashville, LOCO;
Missouri Pacific, 10000; Northwestern, 5000;
New York Central, 5000; st. Paul, 81, 600; Texas
Pacific, 5000; Union Pacific. AZ, 900; Wabash TO-
000 Western Union, II, 900; Oregon & Trans
continental 26,000 Northern Pacific, II, 0OO
Quincy, 5000; Canadian Pacific, 5000.