The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-02-11
COMMERCIAL
n AND STOCKS.

Prices In New York Continue to Advance,
While Transactions Are Very Large.
New YORK, Feb. 10-Money easy at i per
cent
Prime mercantile paper, 405 per cent.
Sterling exchange dull; go days, 81. S311; sight,
$AS6s.
Governments dull but strong for the four
and four-and "a half per cent. coupons.
State securities quiet
There was little change in opening prices at
the Stock Exchange this morning. but in some
Of the early dealings quotations, in some cases,
yielded a small fraction; but after a few min
utes there was a decided buoyancy, and the up
ward movement continued, with sight Interrupt
ton, until 2 o'clock. During this time an ad-
vance ranging from ! to p per cent. was
established. The street was unusually free
of news or rumors of any kind having influence
on values, but the leaders in the advance with
drew a portion of their support and a moderate
reaction set in, that continued until the Close,
and resulted in materially reducing the amount
of previous gains, the declines in the last hour
from the higher prices amounting to ! to / ] per
cent. The net result of the days operations is
an advance of 401s per cent, except in a few
instances, where prices are a fraction lower.
The market was unusually active. The total
sales were 1896, 578 shares, being nearly 100. 900
shares in e~xcess!of yesterday. AS usual, Lacka-
wanna led the list in amount of business
done, the sales being 81. $40 shares;
but there was heavier trading in
a number OF stocks, including st. Paul, A, 025
shares; Northwestern. A. 803; Union Pacific, 49,
200; Western Union, 80, AL, and Lake Shore,
36,225 shares. Unusual strength was displayed
in Lake Shore and New York Central, and the
advance was accompanied by a report that Van
derbilt was buying back these stocks. Lake
Shore rose from 6l4 to 644, but in the last hour
ar11 n . xvhi1A GNn~1p f,@-o CQ3 -
905, and declined to 90, a gain from yesterday of
IL per cent. for the latter, and / per cent. for
Lake Shore. Lackawanna reached the highest
mark IN the present advance, selling at 97s, but
lost l per cent. in the last hour, closing at 96a,
a gain over yesterday of / per cent. Delaware
IL Hudson ran up Ii per cent, closing at 70,
after selling at 75ss, and New Jersey Central was
per cent. higher, at 3S4, on very slight busl-
ness. Among the other important advances are
Northwestern, ! per cent, at "a; Chicago, Bur-
lington 81 Quincy, l per cent, at 1929: Rock
Island, IL per cent, at 112; Central Pacific, Ii
per cent. at 309, and Omaha preferred, Il per
cent. at 894. st. Paul was an exception to the
general rule, being comparatively weak nearly
all day; its extreme advance from yesterday was
only ! per cent, tc 1853, and in the afternoon the
stocks sold down to and closed at TAI, a net loss
of & per cent; a decline followed the publication
of a synopsis of the eompany's business for last
year, showing adecrease in the surplus at the end
of the year Of ST. ,005, 772. Missouri Pacific and
Pacific Mail were each per cent. lower, at 96
and 90, respectively, on limited transactions.
p There was a well-distrlbuted business
In railway bonds. bat less activity
in some of the speculative issues than for several
days past. The prices were generally higher,
but the gains in most cases were fractional.
Among the exceptions are Texas Pacific land
grant incomes, which are up 2 per cent, at 38.
Evansville g Terre Haute frsts, L. per cent, at
100; Louisville, New Albany & Chicago frsts,
II per cent, at 90a; Chesapeake & Ohio cur
rency skies, L per cent, at 20, and series b, Il
per cent, at 72k.
Transaction, 397, 600 shares, to-wit: 90, 600
Lackawanna, $4,000 Lake Shore. $4,000 North
western, %, 600 New York Central, As, 600 St.
Paul, 10000 Union Pacific, 10000 Western
Union.