Morning journal and courier., 1884-01-25
fiinantid
NEH YonK. Jan. A.


 Stocks were not active to-day,yet there siderable strength displayed by the list and despite several attempts by the bears to depreas prices the market was held well hand by the bulls and prices cloeed tonight at substantial advance with but few exceptions for the entire list At the opening the tone weak, but shortly before the first call there perfect rush to cover in Northern Pacinc pre- ferred. which had the effect of strengthening ths tone and st2rting prices upward. By II o'clock the stock named had advanced per cant. and the com mon 1H, Oregon TrArsoontinenla1 IS. and Oregon Navigation 2. The rest of the list advanced to 17I per cent. Hardly had this improvement been reached when attention attracted by heavy sell ing of West Shore honda, $4 2ilo0o worth of which changed hands within an hour and the prices declining from 52 ts 5IS. The air was fall Of speculation the and the effect was to give downwsrd turn to the whole market, thoush the only important decnss were in Northern Pscihcs, Oregon TranscontinentAl and Oregon Navi- gation, all of which had lost the early improvement by midday. Subsequently the market became stead- fer and selling ceased and again began to advance By o'clock part of the decline in the ex-Vilards had been recovered while most of the othnr stocks the list showed sharp advance, but the bears at this point again showed their hand. They singled out the coal stocks which they began to sell heavily, especially Jersey Central and Reading; and assisted by variety of rumors, among them one to the effect that the 28th inst not likely to authorizs divi QS0Q on he4Qtug ana another Gn36 the n0SotAabaOnb of the collateral trust loan which is to be partly se cured by the deposits of the Jersey Central stock would bs delayed, succeeded in causing aharp de- cline in the stocks mentioned and of lesser mag nitude in the rest of the market. Jersey Central fell from S71< to s3K, and Reading per cent. So sudden and unexpected the attack that for while the bears had matters their way. but sup porting orders began to pour ir causing Sharp rally ths last bouf. which brought quotations up to about the best of the day in mest cases Jersey Central however, did not recover all the groand lost during the raid closed 1A lower than yester day. Reading closed at yesterdays figures. com- parison with yesterdays closing quotations shows an advance in the generally active list of to 21 per cant. Manhattan Elevated closed st the exceptionAA advance of 5 per cent. No reason for ths rise is az signed The speciaIties also closed generally higher Alton and Terre Haute common closed per cent. Alton and Terre Haute preferred l. Cleveiand' Columbus Cincinnati and Indianapolis 3 Chicago and Alton preferred $, Memr lis and eharleston k and Minneapolis and St. Louis prefefrsd1 1E. Louis- | vile, New Albany and Chicago closed l Fer cent lower
 Money continues easy at 2 per cent
 l Exchange closed atrong and higher Posted rate1 We're advanced to a4ss actual rates to 4s41a a4s4a for sixty days and 4s7A4s7K demand. | Govern msnt bonds were steady.
 TOIosing prices reported private wires Of l BJENELL & SCRANTON Bankers aud Broksral ! Aakn nk