The Indiana State sentinel., 1889-01-09
IN THE WORLD OF TRADE.

NEW YORK, Jan. Money on call easy
at SC94ls per cent; last loan, I; closed offered
at 4. Prime mercantile paper, 5lIGd7. Sterling
exchange firm and active at 4S41S for sixty-day
bills and ass for demand The total sales OF
stocks to-day were 169O74 shares. The stock
market to-day showed no change in its temper
from those of last week, and the dealings were
confined principally, although TO a smaller
degree than usual OF late, to the professional
element. while the interest IN the speculation
was centered in half-dozen so of the lead
ing shares, all OF the rest being dull and
entirely featureless. The foreigners gave evil
dence OF more confidence in American securi-
ties and the commission people were
talking if anything more hopefully, the
selling being almost entirely from the
bears and the traders who made demonstra-
ton against the coal stocks and Reading in
particular because OF the continued warm
weather. The grangers and southwest
erns were very well held and St. Paul was one
of the strong features OF the day the foreign
purchases being more marked in that stock
than anything else on the list. The announce
ment that the Missouri Pacific had ordered
reduction of salaries of 10 per cent. affecting
all those receiving over Shopper month was fol-
lowed by renewed buying of that stock with
the rest OF the roads in that region; the report
that an effort would be made TO utilize the
clearing house scheme was also factor in the
strength displayed by those shares. Late in
the day favorable reports from Washington
were used with marked effect In
Union Pacific. The bear attack upon
Reading was made in the forenoon
and the stock reached its lowest figures about
noon hut there cOpn hrxpo unfipaH
IN II at the low prices, and some large blocks
changed hands at that time. The other active
shares developed no animation nor feature.
Among the inactive list, Milwaukee, Lake
Shore Western preferred made sudden
squirt and moved up nearly per cent. after
opening off /. This was on the report that
there would be a nd-one-half-per-cent. di-
vldend tomorrow accompanying very favor
able statement of the years business. New
FORK and Perry Coal, which has so long laid
dormant, was brought forward to-day and made
more active than usual, while il advanced
about point The opening figures were gen
orally from : to = per cent. higher than last
Saturdays final prices, and these gains were
supplemented by further fractional advances
IN the early trading under the lead of Missouri
Pacific and Perry Coal. The coalers, however,
displayed considerable weakness. and Lacka-
wanna ran off per cent. from its best figures,
followed by the rest of the list The decline
eliminated at noon, and prices after that time
showed an advancing tendency, although there
was very little progress made until well into
the afternoon, when Union Pacific, ST. Paul,
Reading. and some OF the specialties devel-
oped strength, and the early losses generally
were recovered. Intense dullness and staena-
ton became the feature toward the end of the
session. and the market closed dull and steady
at irregular changes of small fractions from the
opening prices The final declines were few
and unimpOrtant, but among those which are
higher this evening Omaha preferred rose
12s, ST. Paul IA Missouri Pacific Is, Milwau-
kce, Lake Shore 4 Western preferred 81, and
Perry Coal IL. Railroad bonds were more
active than for some time, and the sales OF ell
issues reached 81, ,S23. 600, OF which the Reading
first incomes furnished $4,000. though there
was no special animation developed anywhere
else in the list. There was 2 general strong tone
throughout the day, and the steady apprecia-
ton of value was the marked feature of the
dealings. The advances were not very heavy
except in a few issues. and of these the most
important was the Chesapeake & Ohio series b
certificates 2i+ TO 1874. Government bonds
were duh and steady. State bonds were quiet
and generally firm.