The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-22
AND COMMERCIAL
MONEY AND STOCKS.

An Easy Money Market, Accompanied by De-
preston in Stocks.
New YORK, Jan. 21-Money easy at 1 1-20
2 per cent. closed at per cent
Prime mercantile paper, 4G5 - per cent
Sterling exchange, weaker at 4S4 IL; sight,
486 "a
Governments lower. Fours declined to 1914
In railway mortgages-West Shore fves rose to
So So; Texas Pacific incomes declined to 40; Rios
to 60 IL; Kansas & Texas seconds to So; do. gen
erals to 76 and Iron Mountain fves to 68 10
In State bonds, Georgia gold sold at Ill, and
South Carolina non-fundable at 1-203.
Depression characterized the early dealings on
the Stock Exchange to-day. In the afternoon
Denver was forced down to II ga, on sales of lit
tie over 1000 shares. During the last hour of
business there was decided change for the bet
ter, and an advance of IL to l 3-S took place in
active stocks. Large purchases were made
throughout the day, especially in Wander
bits, Goulds, granger and coal stocks.
In Union Pacific and Louisville
& Nashville, there was decidedly improved
feeling Notwithstanding the sensational rumors
affecting the credit of individuals and corpora
TONS all turning out to be without the slightest
foundation in fact. The persistent circulation
Of these false rumors caused no little indignation
in financial circles and reacted against the
"bears" Some operators who have been ''bear-
ISL" for several months, changed front and
bought stocks for long account. This after
noon the L & n. company issued a statement of
its operations for the first six months of the
current fiscal year, which ended with Dec 81
last The gross earnings show an increase, which
is due largely to the gain in local traffic 81, 76l
941, against SO, $50, 5S3 in 1882 Operating ex-
penses, ST. 522 OIL against g. l89, 461 in 1882 net
earnings from traffic So 239 923 against 81, 672,
OIL in 1882 Other incomes, $3.50, 482, against
$4,000 in 1882 Total credits to in
come, S. $40, 405, against 81, OIL in 1882;
53S in 1882; taxes $4,000, against $3.50, 429 in
1882 total debts to income, s., 296, 962 against
81, 1872, 968 in 1882 Surplus for the six months,
81 ,O73, 443, equal to BIO per cent on stock.
against $35l, lob, equal to 3 per cent on stock
III 1882
As compared with Saturdays close, prices are
380158 per cent. lower except for Delaware,
Iackawanna & Western, Louisville & Nashville,
Nor Work Central and Texas Pacific, which are
-s40l-2 per cent. higher Manitoba per cent.
lDwer; American Gable, l per cent. lower
Alton q Terre Haute preferred 2, to IS;
chesapeake & Ohio first, preferred, l, to 2l c.,
c., G. & l., 4, to co. Memphis & st. Louis pre-
ferred, 2, to 81 IL, and Richmond & Allegheny,
l, to 43.
Transactions aggregated 455 600 shares, as fol
lows: Delaware, Lackawanna & Western, 49,
900: Denver 10, 000 Erie. ID, 900; Kansas & Texas
1900; Lake Shore, 10000; Louisville & Nash
vile, "a, 600; Missouri Pacific, 22000; North
western, $4,000; Missouri Pacific, 39, 900; Read
ing, 100, 000 st. Paul, 70 0O0 Texas Pacific, 8000
Western Union, $4,000; Oregon & Transconti-
mental 28, 900; st. Paul & Omaha, 5000; Chicago,
burlington & Quincy, 5000; Manitoba, G,OO0;
Wabash; Il, 00O