The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1889-01-16
IN THE WORLD OF TRAD z

NEW YORK, Jan. 14.-Money on call
at 21<@3 per cent. last loan 3 closed
offered at 2IZ. Prime mercantile paper.
4&@64. Sterling exchange quiet but
steady at 1871 for sixty-day bills and 1881
for demand. The total sales of stocks to-day
were 257,5S9 shares The stock market was
more active to-day than it has been for long
time, and its tone was decidedly strong while
there was no marked improvement in quota
tons except in few of the specialties. There
was much better feeling in the street this
morning and most of the advocates of higher
figures were very hopeful that the long ex-
pected improvement would arrive this week
The foreigners had moderate buying orders in
the market and the London figures were higher
than our prices of Saturday and the response
to the improvement was very marked here.
There was good buying orders all over the
list and the market started off with quite
boom. but free realzations from parties who
had bought some time ago upon the formation
of the new agreement which had the effect of
preventing any further marked advance except
in the specialties and in only few of them
was the movement in prices remarkable.
There was presented very animated aspect
and this was true throughout the forenoon,
cially from foreign sources. The bears made
determined resistance to every eighth gained,
and when the demand for stocks died away
their operations gave the list somewhat fever
iSh and unsettled appearance. More conf
dence was shown later in the day however
and the upward movement made further prog
ress toward the close. The Changers and
Southwesterns attracted most attention, but the
business was very well distributed throughout
the active list. There were made bull points
i IL, i IL. IL
very prominent In the forenoon s rise, but made
no further gain after that time. Among the
specialties. Pullman became the feature of the
day, and alter a small decline, rose rapidly
about per cent. Omaha and Consolidated Gas
were also prominent for the strength displayed,
and these stocks are alone this evening in
showing marked advances. The opening
figures were from = to Is per cent. higher than
Saturdays prices generally, while Omaha was
exceptional with q gain of l per cent The
market was very active, but no further improve
ment was made in prices, and there was even
slight falling OFT in the early trading in most Of
the stocks dealt in. This was soon recovered,
however, and toward noon decided
strength was developed, although Cotton Oil
was exceptionally weak, dropping over ? per
cent. The dealings presented no special fea-
lures and after noon the market became quite
dull at times, with prices stationary. Pullman
became strong, but in the rest OF the list the
movements were confined to the narrowest
llIDlls. mere was n better l6eilne toward the
close and the market advanced slightly, finally
closing quiet, butfrm, at but slight changes from
the opening prices. The final changes are al
most all in the direction of higher figures,
although they are for fractional amounts only,
except in Pullman, which rose "a Omaha / "a
and Consolidated Gas x. Railroad bonds gave
additional evidence of the improved feeling in
securities to-day, being both more active and
stronger than even for the past week. The
total sales of all issues which extended to an
unusual large number, were S2,l57,0O0, and the
specially active bonds were Rock Island tives,
which contributed $4,000, the Reading first
preferred incomes $4,000, and the Reading
general tours S267, 600 to the days total. The
tone OF the market was firm to strong through
out the day, and many issues show marked adj
vances for the day. Burlington, Cedar Rapids
and Northern frsts rose 25s to 95; st. Paul
eighths. 21S to 1271E; Gulf Colorado and Santa
skies, , to 50; Hannibal & St. Joe consuls, to
122, and Mexican Central fours, "a to 69H.
Government bonds were dull and steady. State
bonds were dull and steady.