The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-04


The demand for money is not pressing, but rates
are firmly maintained. No sales of Eastern ex-
change reported. The market is very firm, with
Doc premium asked.
New York Stock Market Strong and Active.
NEW YORK, Jan. 3.-Money easy at 2@2 IL
per cent; closed offered at per cent.
Prime mercantile paper soc IL per cent.
Sterling ninety days. 80 IA; sight, So.
Governments were weak. Coupon tours sold
down to 123 3-8.
In railroad bonds West Shore ives advanced
10 67 H. 66 3-S and 81 on reports that favorable
arrangements had been made by the company
md that the necessity of issuing second mort
gage bonds has been avoided New York & New
England sevens dropped points, to SO. Other
active bonds advanced IA to l per cent.
State securities were dull.
The stock market opened stong and advanced
sharply on the belief that the Chicago, Burling-
ton & Quincy would come into the new Iowa
pool The improvement in prices ranged from
az to l IL, the latter Canadian Pacific, which
rose to ST. In the afternoon Oregon 81 Transcon-
tinental and st. Paul weakened and the market
declined in sympathy. st. Paul was lower on
the small gain in earnings for the fourth week in
December Its stock dropped l IA, to
90, and Oregon & Transcontinental "a, to
buying movement started in Louisville a Nash
vile, Northern Pacific preferred and Missouri
Pacific. Louisville & Nashville returned to
45 5-S and Missouri Pacific to SO, while Northern
Pacific preferred advanced to SO So Other active
shares were also higher. Oregon & Transconti-
mental sold up to 81 5-8. Missouri Pacific and
Reading were affected by special causes. In the
case of the former, the issuance of a preliminary
statement of the operations of the road for the
past year, which is a very favorable exhibit. did
much to stimulate purchases, while Reading
was higher, on the announcement that the
earnings for the year would show 81, 900, 900 over
all fixed charges and that the stockholders would
meet on the 14th and probably decide in favor of
dividend. The market closed active and
strong. AS compared with yesterdays closing,
prices are Is to per cent higher, except West
ern Union and Lackawanna, which are is lower.
The changes IN speeialtes are unlmportant.
Nickelplate preferred rose "a, to Is 81; Mime
apolis & St. Louis 1-8 to Is, and Bankers and
Merchants Telegraph 3-S, to III 38.
The following statement was issued to the
stockholders of the Missouri Pacific Railroad
Company to-day "Inasmuch as considerable
time win elapse before the annual report viii be
ready, the directors have Authorized the following
preliminary statement for 1888 of the business of
the company, December partly estimated.
The actual results will but slightly vary
from the following: Gross earnings of the Mis-
Bouri Pacific and Iron Mountain railways for the
year. ST., 107 AL; operating expenses, 53.8 per
cent. of the gross earnings, including $607 GAS
net earnings, $7,093, 241; dividends received
during the year on investments ETC., $40 1872
total estimated receipts SIS, 35l, 624; deduct in
terest for rentals and other charges, including
taxes, 81, 1877 SOL total net profits, after the pay
ment of all fixed charges, 1913, 763, or more
than IA per cent $4,000, 900 capital stock
representing 1895 miles of railway or about
$4,000 per mile. Respectfully,
''JAY GOULD, President
The Milwaukee & St Paul road earnings fol-
December were So Isl, OOO an increase of $1S6 POO
over November. The earnings during 1888 were
500, $780, 600, an increase of 49, 1922 over 1882
The Denver & Rio Grande railway earnings fol
1888 show an increase over 1882 of $I1S, 3OI.
Transactions aggregated 296, 900 shares, as fol
lows: Lackawanna, 10000; Erie, 5OOO Lake
Shore, &C. 0OO Louisville & Nashville, II OOO Mis-
souri, Pacific, Is OOO o6 MSorthwestern' Goo
st. Paul, 80, eco; Union Pacific, IT, 900; Western
Union, 600O Oregon g. Transcontinental, &c, 900;
Northern Pacific, $4,000; Canadian Pacific 10, 900.