The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-27
CONDITION OF THE MARKETS
Pork Absorbs a Large Share of Atten-
ton, Fluctuations Being Frequent.
ing Being Chiefly LOcal-Corn Quiet and
Steady-0ats Dull and Featureless.


a Firm and Strong Market at New York,
Everything Being Higher.
NEW YORK, Jan. 26.-Money on call was
Easy at q 03 per cent, the last loan being made
Mt Fl per cent; closing offered at per cent
Prime mercantile paper, 507 per cent
Sterling exchange dull but steady at
$4S43 for sixty day bills and 81 66A for demand.
The total sales Of stocks to-day were 179,O59
shares including the following: Delaware,
Lackawanna g. Western. "a. $50; Delaware g
Hudson, 5,42o; Erie, 6,514; Louisville g. Nash
yille 43IO; Missouri Pacific, $780, Northwest
srn; 4.57O; Reading, 54,18o; St Paul, 1905;
Union Pacific. s4s2; Western Union. $3.50.
The stock market was more active and
stronger to-day, there being more outside buy
ing orders at the opening than had been seen for
months before though they were confined to
few leading stocks. The sentiment on the
street more hopeful, and the bulls took
hold with more courage while the "bears."
frightened by The favorable outlook, began to
run their Shorts" and thus aided the general
improvement The statement Of the Delaware
e. Hudson a marked stimulant to the "bull'
feeling, and that stock advanced materially. the
other coalsrs following, though Reading, while
very active, only firm throughout. Out
side of the stocks mentioned the Gould stocks
and st. Paul attracted most attention, and Man
0dJJau, on an aLbeInpb TO cover, moved up uanO-
somely, while the others gave evidence of
support which has baen lacking for a long time
St Paul retired to q secondary place In the
market. and though the interest in the stock was
second none in the forenoon, its extreme
fuctuation was only half per cent for the day.
The market was unusually active at the open
ing, which was firm to strong at advances rang
ing up TO per cent. The list, under the lead of
Delaware & Hudson, gained steadily, but after
the first half hour, during which about one
Fourth of the days business transacted,
int
slight progress until near noon, when Manhattan
became the feature. Lackawanna led the list in
the afternoon, ana the appreciation in values
continued steadily. though the amount OF bust
ness done became very small. The best prices
of the day were reached, In many cases, at about
2 o'clock, but the market firm throughout,
and the close was dull but firm at about the
highest prices OF the day. Everything is higher
20 night. and Manhattan IS up per cent; Della
ware 81 Hudson, II; New England. per cent.
The railroad bond-mArket again active,
with the demand for investment issues undi-
m5nishsd aud supplemented by a further in
quiry for speculative bonds. The sales aggre-
gated 81 SOB 900, of which Burlington s. Quincy,
Nebraska fours. furnished $2l6, 900; Jersey Cen
trail fives, $258, 900. and Nckle- Plate tours,
Sl96. 900. The list showed more decided
strength than for the past few days. and every
thing advanced. Chesapeake 81 Ohio SKIES of
1911 rose 2, to SO; Mackinac g. Marquette land
grants, 81, TO Ala; Indiana. Bloomington g. West
class A, 80, to 49, and South Carolina firsts, 3,
TO 100.
Government bonds were dull and steady to
firm.
State bonds were dull and steady. Closing
quotations were: