The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-23
sIoNEY. noNDs ASH srooKs.

an Increase of Activity at New York. with
Firm to Strong Closing
NEW YORK. March 22.-Money on call
was easy at 2a2t per cent, the last loan being
made at 2, closing offered at 81
Prime mercantile paper, sac per cent
Sterling exchange dull and steady al
e. s57 for sixty-day bills. end $4s72 for de-
mand.
Tie total sales Of stocks to-day were $685.
091 shares, including the following: Canada
Southern, 1900: Delaware, Lackawanna &
Western, a. 495 Erie, 29, 900; Kansas & Texas,
q, sO5; Lake Shors. 1880; Louisville e. Nash
willie, 1856; Missouri Pacific, 1870; Northwest
ern, 10. 1876; New Jersey Central 5.490: Pacific
Mall, S.675; Reading, SO, $40; Richmond & West
Point, 14,61O; st. Paul, 1885, Texas Pacific.
1920, Union Pacific 1880; Western Union.
o. 40
The stock market was much more active so
day than for many weeks, but while feverish
most OF the time. became decidedly strong, and
portion Of yesterdays loss was recovered.
There was a furry in the market during the
early dealings, the main cause OF which was the
uncertainty in regard to the dividend on Mis-
9ouri Pacific. Il is now supposed TO be ques-
tion Of whether IL shall be II per cent or moth
ing. Western Union to-day was one OF the
strongest stocks on the list, especially late in
the day. The usual drive WAS made at the list
At the opening but it met with excellent sup
Union and New England very little impression
was made on the list When the recovery be-
gan there was q marked demand for covering by
.'sherts. which helped the advance materially,
and later the favorable news was received from
Chicago that the Northwestern difficulties were
in fair way TO be settled and more confident
buying for the t'long" account was noticed. The
market remained feverish for most Of the day,
and frequent and sudden changes from strength
20 weakness and back again were made, but the
improvement met with important setback
until the close of business. Missouri Pacific
opened At an advance of 2 per cent over last
evenings closing price, but was driven down
fportion of the loss, but remained feverish and
fnnsettled for the remainder of the day, finally
Eciosing with q net gain OF ( per cent There
were no special movements in the rest of the
i4isE The first sales were made at irregular
bchAnges from yesterdays final prices, but de-
decidedly weak In the early trading. The de-
cline was soon checked, however, and although
the extreme activity lasted for over half an
hour, prices quickly recovered, and while the
market remained feverish for most of the day, q
steady improvement took place, which ceased
only with the close OF business The advance
was specially marked in the last hour, and the
close was comparatively quiet but firm to strong
at the best prices of the day for most of the
list. The few marked declines. and Colo
RADIO Cosl lost Ii, and Lake Erie & Western pre-
ferred per cent; but Lackawanna gained IL;
Coal. IL; Burlington & Quincy, Delaware q
Hudson. and Western Union per cent each.
Railroad bonds were quiet; sales, $947 900.
The market was generally heavy through the
forenoon, but stronger later in the day. Most
bonds, however, are lower this evening
Government bonds were quiet and steady.
State bonds were very dull and without feat
ure. Closing quotations were: