The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-01-23
IN THE WORLD OF TRADE

NEW YORK. Jan. 21.-AIoney on call easy
offered at ?. Prime mercantile paper.
1861. Sterling exchange firm and
active at 4s6 for sixty-day bills and 1889
for demand The total sales of stocks to-day
were 229.9 shares. The stock market was
divided one to-day, with the southwesterns
weak and the dull stocks and specialties re-
markedly strong, but the general list developed
strength the day wore along, and the result
OF the days trading is to leave the list gener-
ally fractionally higher than at the close on
Saturday. The feeling on tine street was con-
servatively bullish this morning, but the bears
found weak spot in Atchson, and the attacks
on that stock of Saturday were renewed with
marked effect, an extreme decline of % per
cent. being established, and it reached still
lower prices than had been heretofore attained
The feeling on the stock is very uneasy and a
great deal was heard to-day in regard to the
financial condition of the company and gen
orally expressed desire was for an authoritative
statement of such condition The other south
westerns sympathized, although not to a very
marked extent in the weakness of Atchison,
and its influence on the general list was suf
hcient to hold in check the bulling feeling
which prevailed, but the fluctuations in
the rest of the list, except the coalers
and specialties, were confined to fractional
amounts generally. There was free covering
Of shorts at the low figures, and this caused
sharp rally IN Atchison and brought the rest of
the list up to something above the previous
best figures. 4 decrease IN Northwestern earn
ings for the month of December OF over two
hundred thousand dollars, seemed to have no
effect upon the Improvement snd other items
Of bearish infoi nation were equally without in
fiuence. The coal stocks were very promin mt
and Delaware * Hudson was specially active
and strong, followed by Lackawanna and
Jersey Central. The Pullman resumed its up-
ward course and n net gain of more than 8 per
cent over the best prices OF last week were
scored. Chicago gas trust and Lake Erie d
w estern preferred among the inactive shares,
were specially prominent for the advances
made, but the others were quiet and strong
throughout the day, after the first break in
Atchison. First prices were only slightly
changed from Saturdays close, except in Atchi-
sou d Burlington, and while the tone OF the
market was strong at the opening. the attack
upon Atchison checked the improving ten
dency, and although AtchisOn dropped "a per
cent, only Missouri Pacific and New England
showed any inclination to follow, and the losses
IN them were for fractions only Dizziness fol-
lowed, with rally before noon, when the coal
stocks came into prominence and Della
ware Hudson, with Pullman, led
a marked upward movement Another attack
upon Atehison occurred in the afternoon, but
it failed to reach as low as in the forenoon,
and the demonstration was of short duration.
The general list reached the best prices of the
day toward delivery hour. after which realiza-
tons caused a fractional set back and gave the
market at close heavy appearance, the bust
ness doing being only moderate. Atchison
shows net decline Of IL per cent, but Pull
man rose 81. Delaware q Hudson, 2lE, Chicago
gas trust, IA, Lake Erie x Western preferred,
IL, and Jersey Central, per cent The rail-
road bond market to-day was less active than
any day since the activity began, sales
reaching only 81, $4,000, of which S232, 900 were
in the Reading general fours. The tone of the
trading was generally firm TO strong, but there
were few marked movements, and the weak
ness of AtchisOn was reflected in renewed de-
cline in the Gulf, Colorado & Santa Fe bonds,
with some talk of receiver for the road. The
frSts lost per cent. TO l07 and the seconds.
after drop Of 81 per cent TO 701I, recovered
to ia net loss of per cent. There were no
other losses of moment. Burlington, Cedar
Rapids d Northern irsts rose 3 to 99%. Gov
eminent bonds dull but strong. State bonds
dull and steady.