The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-25
Activity in New York Stocks.


NEW YORK, Jan. 24-Money, easy at 1-29
2 liz per cent: closed offered at per cent.
Prime mercantile paper, 4@5 IL per cent.
Sterling exchange, sixty days, firm at 81 "a;
sight, 81 IL.
Governments were firm
In railway bonds West Shore ives and frsts
were the features. The former broke from 81
to SO I-8, and rallied to 80 SIS sales of 6,2O7,-
COO Northern Pacific frsts opened at SO, de-
ciined to So and rose to 80. Transactions aggre-
gated $472, GEO.
State bonds were steady.
At the Stock Exchange to-day the market was
strong and higher in early trading. Oregon d
Transcontinental and Northern Pacific preferred
were 1-405-8 per cent. lower in the first sales,
but before IL o'clock an advance of IL to 3 per
cent in prices took place. Northern Pacific
preferred scored the greatest improvement ris-
ing to 43 "a Oregon & Transcontinental adj
vaneed SIS, to Is Is; Union Pacific, b3 s, to
rs SD; Missouri Pacific 5-S, to 81 Is; St Paul,
I-8 to 81 IL; Northwest 7-8 to lis IL;
Kansas & Texas. IA, to IS 3-4 the remainder of
the list advanced IA to IL. After IL o'clock
Northern Pacific preferred dropped to 40 "a;
common to 40 IL and Oregon u Trans
continental to 16 ga. The decline
fractional, and near 10 o'clock the market was
strong again. Between l and o'clock New Jer-
sey Central and Reading were raided, the former
selling down 58 per cent, to IS IL, the latter
2 38 to 81 IL The decline was due to reports
that reduction in coal of % cents per ton had
been ordered, and that negotiations for placing
the Reading trust loan had fallen through, and
that no dividend would be declared on Reading:
The general list declined IA to per cent, and
Northern Pacific preferred ] IL per cent. in
sympathy. Near the close a much stronger
feeling prevailed, and, under large pur-
chases, the best prices Of the day were
made. The market as for some days,
showed an improving tendency throughout
and was not materially affected by the fiuctua
tions of Missouri Pacific and West Shore. The
sharp raid coal shares also fell flat so far as
the general list was concerned The advance
near the close was led by Union Pacific which
was favorably influenced by the report of gov
eminent directors. Changers were also notice
ably strong or the increase Of earnings for the
third week in January. AS compared with last
nights close, prices are IA to per cent higher,
Canadian Pacific Ia, Reading IA and Jersey
Central IA per cent. lower.
'Ihfthe loan department Union Pacific lent
fat at 1-64 Oregon Navigation, 1872 1884;
Northern Pacific preferred and Manitoba, 132;
Canada PACIFIC, c., B. & O., and Erie new sec
onds, 164 and New York Central 364 per cent.
per diem for use; G., c., G. & l, rose 2per cent,
to co. and Oregon improvement 3 "a, to Al. G.,
st. u. & p. preferred declined B. to 30, and N,
c.. 81 St L. ], to 40.
Approximate earnings of the Denver & Rio
Grande railway for this week, $112. coo, an in
crease of $4,000 over the corresponding week
last year.
Transactions aggregated 3s5 900 shares, as fol
lows: Delaware, Lackawanna & Western, 34,-
300; Denver, 1000; Erie. 5000: Lake Shore;
1900; Louisville & Nashville, 1l,000 Missouri
Pacific, 5000; Northwestern, 8,000 New Jersey
Central, 5000; Northern Pacific, 1000; Reading,
1900: St Paul, $4,000; Union Pacific, 5000;
Western Union, $4,000; Oregon g. Transconti-
mental 40, 900.