The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-02-02

V3nc1nS Prices.
NEW York, Feb. Money easy at 1 1-202
per cent.
Prime mercantile paper, 4a5 IL per cent.
Sterling exchange firm at So "a sight So IA.
Dry goods imports for the week, So, 535, 600.
Government bonds were firm,
In railroad bonds West Shore fives were
heavy and lower at So a 52052 7-s. Outside of
West Shore an active demand prevailed through
out the day and general advance was recorded.
The features were Northern Pacific frsts and
Big Sandy frsts, the former selling up to 100
and the latter to 104. Lafayette, Bloomington &
Muncie frsts rose 2, to 90; Metropolitan Elevated
Rrsts, "a to 105; Missouri Pacific thirds
~, to lib IL; New Jersey Central convertibles
/, to H. Rochester & Pittsburg incomes A. to 60.
State securities were steady
The Stock market opened firm this morning.
but in the first fifteen minutes of business a de-
cline of IA to "a per cent. took place. The de-
cline was soon recovered, but subsequently Lou
isville & Nashville reacted to AZ 7-S. Northern
Pacific Preferred to 45 "a, Oregon q
Transcontinental to % 3-S and st. Paul
TO So 5-S and the general list fell off 1-6 to
3-S per cent. After l o'clock prices again began
to harden ard during the remainder of the
afternoon the market steadily increased in
strength During the last half hour speculation
was buoyant and advance of 1-2d2 IL per
cent. was established. Thespecal features were
Union Pacific and Western Union, which rose to
80 and rs Ia respectively. The short interest
in these stocks was very heavy while the float
ing supply of the former was smaller than ever
before, owing to purchases for New England ac,
eount dut.ing fine late depression
Mr.. CARROTS interview on telegraph matters
had no effect the market, and Western
Union was noticeably strong through
out. The rise this afternoon reported
as the beginning of movement by large
holders to squeeze the shorts st. Paul,
Missouri Pacific, Laekawanna Northwestern,
and Oregon & Transcontinental were all higher,
on large transactions The l.. e5 N, which was
forced down to At rs early in the day on the ru
NOR that large amount of stock borrowed in
London had arrived here, afterward advanced to
40 Is on the report that the London market was
bare of stock, and that only small amount had
arrived. Large shorts have not yet covered
and further twist is spoken of
After business hours it became known that
dispatches had been received from the West by
prominent railroad people that a call had been
issued for meeting of the Western Trunk-line
Association for Monday next, at Chicago and
that no disturbance in rates was apprehended.
Canadian Pacific advanced to So l-2 on the pro
posed additional aid by tie Canadian
government and the announcement that about
*, 900 shares had been sold to London syndi-
cate during the last two days and was being
shipped hence. In the last half hour of bust
ness, Union Pacific rose rs per cent to so; Ca
madam Pacific ID, to IS II; Northwestern
IA, to 119; st. Paul 3-4 to 80 3-S; Lackawanna
II IL, to 121 49, Louisville q Nashville IA, to
f49 Is; Lake Shore So, to 80 - Missouri Pa
eifc 1-8, to 81 -; New York Central IA, to
lis 3-S; Northern Pacific preferred l, to 46 IA;
Oregon & Transcontinental l, to "a IL; Texas
Pacific SO to 20, and Western Union l, to l6 / 4.
The market closed buoyant at or near the best
prices of the day. As compared with last night,
closing prices are IL to 1-S per cent.
higher. Harlem sold at 1874, Fort Wayna 1873 =,
and Chicago & Alton 140. Ch d OHIO first
preferred rose 7-8, to "a H. Houston & Texas
3 IL to AZ IL Minnesota & St Louis preferred
I, to "a; Ohio e. Mississippi SO, to q IL, and
Richmond & Allegheny l, to 5. Richmond &
West Point declined 1 ~. to q IL; Alton q
Terre Haute brought 40; last previously reported
sale was 40.
Transactions aggregated 1885,, 900 shares, as fol
lows: Delaware, Lackawanna & Western, SO,
000 Erie, 1000; Lake Shore; p, 600; Louis
vile & Nashville, Is, 600; Missouri Pacific, IL 600;
Northwestern, 5000; New York Central, 5000;
Pacific Mail 5000; st. Paul, 70 000 Texas Pa
ciic, 13,000 Union Pacific, 5000; Western
Union, %, 600; Northern Pacific, $4,000; Oregon
& Transcontinental, $4,000; Canadian Pacific,
1900