The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-02-06
New York Financial Market.

New YORK, Feb. 5.-Money is easy at 1902
per cent; closed offered at ? per cent
Prime mercantile paper, 4@5 IL per cent.
Sterling weaker; sixty days, s. IL; sight So IA.
Produce exports for the week, $7,292,OO0.
Governments We're firm.
Railways were strong and higher. Missouri
Pacific frsts rose 2, to 10; Lake Erie & Western
first ~ to 81; New Jersey Central adjustments
], to 107; New Orleans Pacific irsts 2, to 81 49,
Peoria, Decatur & Evansville incomes 2 IL, to
So l-2; Rochester g. Pittsburg irsts 2, to 107; St
Paul consols. L. & D. division, IL, to 81 l-2
Texas Pacific incomes l, to AZ; Wabash, Iowa
division, 5, to 80; Alton G Terre Haute dividends
3, to S. and Denver & Rio Grande consols 10, to
S. Lake Shore & Buffalo fives sold at 81 120
52l2Q52
State securities were dull
The stock market opened steady at about Sat
urdays closing prices. Shortly after the first
transactions a decline of IA to per cent in the
general list and 5-S per cent in Oregon G
Transcontnental took place The weakness was
due to the report that negotiations for placing
the Oregon Navigation loan in London had fallen
through. Oregon e. Transcontnental sold down
to % IA. against % rs at the close on Saturday
Oregon Navigation. however, was not effected,
and advanced steadily, strong and on the
advance again. c., B. & O. was in brisk de
mand, and was the feature of the day. After
opening at "a. the price rose to 126 - This
improvement had much to do with the strength
of the general list which advanced l-26l 70
per cent During the afternoon the market was
irregular, but near the close a weaker feeling
prevailed, and the early improvement was par.
tially lost. The result of the days trading is
shown by the fact that out OF thirty of the most
active stocks ten are higher, sixteen lower, and
The principal advances were Bur
hngton. per cent; Rock Island,
/, and Delaware & Hudson, 1-9. The princi-
pal declines were Omaha, 3S; preferred, rs, and
L. d n. 81 Aside from these all other
changes from last nights closing prices were
only fractional.
The Evening Post says THE revival of re-
ports OF rate cutting by the Erie and other
trunk-line roads, and of general feeling of dis
satisfaction among all members of the pool, had
some effect in preventing a more decided adj
vance in prices to-day. 1t is known, however.
that Vanderbilt, Gould and some others have
had a conference today in the interest of higher
prices for stocks, and that the former is pledged
to DO what he can to prevent any trouble in the
tIr.ak- line pool. There was no news to-day in
connection with the difficulties of the G.. B. q
O. and Union Pacific alliance but all the stocks
affected by the Nebraska and Utah difficulties
We're strong b. & .. was ? per cent higher,
Rock Island per cent higher, and Northwest
ern 80 higher, all of which looks as though
there was general belief that their difficulties
win be settled without rate cutting"
Transactions on the Stock Exchange to-day,
aggregated 352 geo shares, us follows: Della
ware L.5kawanna & Western r. 600; Kansas
& Texas, 5000; Lake Shore, %, 000; Louisville
& Nashville, 7Go0; Missouri Pacific, 10000;
Northwestern, j, coo: New York Central 3 00O:
Reading 70, Geo; ST Paul, A, 900; Texas Pacific.
6C00: Union Pacific, $4,000; Western Union,
II eco Oregon & Transcontinental 81, 900: North
efn Paclhc; 25,0o0; CT B. q O., COCO.