The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-27
CONDITION OF THE MARKETS
A Very Fair Degree Of Activity at Chi
cage with Higher Prices for Grains.
Upward Tendency in Corn, with Indications
that an Interesting Season Is approach
ing-PrOYisions Slow and Weaker.
MONEY. BONDS AND STOCKS.

An Active and Strong Market, Closing Heavy
and Slightly Higher.
NEW YORK, April 26.-Money on call was
easyat II 023 per cent, the last loan being made
at g, closing offered at 2.
Prime mercantile paper. 4i053 per cent.
Sterling exchange was dull bnt steady
at s4.s64 for sxty-dsy bills and 81 So for de-
mand.
The total sales of stocks to-day were 417.s2o
shares. including the following: Canada
Southern, 1920; Delaware, Lsckawanna &
Western IA, COG; Erie. II. 230; Kansas q Texas,
1890 Lake Shore. Il, $50; Louisville & Nashville,
g,130; Missouri Pacific, 1926: Northwestern,
$500; Norfolk & Western. preferred, 4.335; New
Jersey Central, 4.s0O: Northern Pacific,
preferred, 1880; Oregon s. Transcontinen-
tai, Ia, 40; Reading. ZIG, 925; Richmond &
g. West Point Il. 525: St Paul 1926; Texas
Pacific, 1860; Union Pacific 1920; Western
Union, p, 60.
fpThe stock market was again very active and
strong to-day. and the result of the operations
Is to leave almost everything on the list materl-
ally higher than last evening. The disposition
TO look for a reaction was moro marked this
morning than at any previous time this week,
and the traders we're free sellers at the opening
and much ''long" stock came upon the market,
which made some impression upon values, but
Mr.. Gould was out in interview in which be
expressed very buliish sentiments, especially
upon the stocks usually coupled with his name:
offered aud the of prices was again
turned in the upward direction. with the Gould
stocks all prominent IN the rise. Mauhattan
especially advancing very rapidly Later on
the grangers became the prime favorites upon
advces from Chicago that the meeting in
progress at that point would prob
ABLY develop harmony among the
lines represented. Burlington & Quincy
was very prominent In the Improvement made,
though the greatest activity was IN st. Paul
The attention Of buyers was next turned to
the coal stocks, and Reading in particular. the
trading in that stock being very heavy later in
the day. while it advanced rapidly. The move
ment extended to the Northern Pacific, ana the
preferred was unusually active for that stock.
RnInors circulated that settlement of the
difficulties between the Missouri Pacific and the
Kansas Texas had been offered by
the former, and this helped the early
advance in the Cloud properties, both
being active and strong. London was a heavy
made set down TO Boston account by
the room, and it is said the clears"
were covering very freely during the day.
The opening, Notwithstanding the selling, was
firm under the influence of the London quota
lions, but prices were irregular and feverish,
with dropping tendency, and declines extend
stocks early displayed marked strength. how
aver as well as Northern Pacific preferred, and
the general market soon followed though the
stocks mentioned maintained the lead through
out the forenoon. There was less activity after
that time, but the strong tone of the dealings
retained and the granRers assumed the
wore along Reading came to the front toward
the last Eour, but the advance was checked
under the heavy realizations INDUCED in, and
prices sagged off. the close being
rather heavy at small concessions from the
beat figures. Almost everything on the active
list is higher tonight, though few fraction q
declines are shown; but Manhattan is up 3 per
rent Burlington 81 Quincy, 24 Northern Pacific
preferred Is; Missouri Pacific and Wheeling &
Lake Erie preferred, IL each, and San Francisco
l per cent.
Railroad bonds were active and generally
strong throughout the day; sales. 1885,, O00 The
Texas Pacific issues were special features both
as to activity and strength, the receipts con-
tributing $2l5000 and the consolidated receipts
$l20, 900 to the days total Considerable irreg-
ularity was shown, however, in the move
1nents in the market, and Chicago, Burlington e.
Northern ives lost 2. at 90, and Iron Mountain
fves, ., at SO. Houston s. Texas first certif-
Gates g. to 107; Milwaukee. Lake Shore &
Western. Ashland skies, "a. 20 116; KansAs &
Texas sixes, 2, to Sc; New Orleans Pacific trans
fer receipts, 2. 10 $751; Texas Pacific Rio receipts,
3, TO 72a the general receipts, A, to g.
Government bonds were dull and steady.
State bonds dull and strong. Closing QUOTA
tions were: