The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-05
A General Advance in stoclks.

NEW YORK, Jan. 4.-Money easy at L 1-20
2 IL per cent; closed, offered at 2 per cent.
Prime mercantile paper, sac ID per cent.
Sterling, ninety days, 50 Ia; sight, IS IA
Dry goods imports for the week, $2 0OO
Governments were weak.
Railways were strong.
State securities were steady
Speculation on the Stock Exchange in early
dealings was very irregular. Union Pacific
missouri Pacific and St Paul were weaker, while
Northern Pacific and Oregon were strong, and
the general list firm. Union Pacific declined
from Y IA to II, st. Paul from 90 "a to 92 u.s.
ion reports that the Chicago Burlington e. Quincy
had refused to accept the terms offered by the
iallied roads A sharp attack was also made on
missouri Pacific, which was offered in blocks
from 80 49, down to 81 10. The decline in the
stocks named made very little impression on the
general market, and shortly after l the whole
list turned in the direction of high prices.
During the last hour marked advance was es
tablished, ranging from IL to 2 3S per cent,
outside of Oregon Navigation, which rose 4, to
j10l. Northern Pacific, Oregon & Transcont-
mental, and Reading started the upward move
ment, but the later features of the market were
Missouri Pacific, Louisville & Nashville, Western
Union and Union Pacific Large amounts of these
were taken for both unloaned and 'short" &C
counts, and dealings were attended with consid-
IeFable animation
| The course of prices the past few days has af-
forded unmistakeable signs Of gradual but Ger
tain advance in both bonds and stocks. The
Ibearish element no longer represents the wealth
land brain of the street, but is confined to room
TRADERS. About $40 600 000 in interest and div
lidends will be disbursed in this city the coming
znonth, and the belief that il will be re-invested
in railway bonds and stocks has produced a
marked change in the sentiment among prOm-
nent operators.
The rise during the afternoon was stimulated
by reports from the West that representatives of
AL roads were in session, and that harmonious
loutcome was expected, and by the annual state
ment of the Missouri Pacific showing over IA
peP cent on stock.
: Coal stocks participated freely in the advance
and Reading was strong throughout on prospects
Iof dividend and the report that the company
has negotiated the per cent. trust loan, based
on its holdings in New Jersey Central stock
thereby effecting saving of 2 per cent. on such
holdings.
The resignation Of Willard from the Northern
Pacific company was followed by general adj
vance in shares, partly on account of the proba-
lbility that well-known railroad man will sue
lceed to the presidency.
The outstanding short interest is large, and
deliveries were made with much irregularity
Oregon Navigation was loaned at 1-s614 per
cent to-day. New York Central 1872, and Union
Pacific, Northern Pacific preferred and Jersey
central fiat to 1-64 per cent. for use.
AS compared with last nights closing, prices
lare Ia to "a per cent. higher In specialties
Alton s. Terre Haute declined to Al and pre-
ferred rose to 49,
Chicago & Northwest railroad earnings for the
year 1888 were $25, O5S, 565, an increase of 81,
lao, 926
Transactions aggregated 272, 00O shares as fol
lows: Central Pacific, 5000; Lackawanna, 81
O00 Erie, ILL., 00 Lake Shore, 16 000 Louisville
& Nashville, 12000 Missouri Pacific % OOO
Northwestern, 6,000; New York Central, Is, 600
Northern Pacific, $4,000; Reading, $1,000; st
Paul, 600O0 st. Paul & Omaha, 5000; Union
Pacific, g. 0OO Western Union, SOO0 Canadian
OOO