The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-28
MoNEg, RoNDs AND sTocKs.

An Alternately Strong ana Weak Market,
with Moderate Volume of Business.
NEW YORK, March 27.-Money on call
was easy st 203 per cent, the last loan be-
Ing made at g. closing offered at 2.
Prime mercantile paper, sal per cent
Sterling exchange was dull but firm and un-
changed.
The total sales of stocks to-day were $685.
iO6 shares. including the following: Delaware,
Lackawanna G. Western. g, 500; Erie $780,
Lake Shore. G, 14o; Louisville g. Nashville, 8571
Missouri Pacific. l5011; Northwestern, II ,067
Reading, 112, 720: Richmond s. West Point,
}, 425; ST. Paul. e. 200; Union Pacific. 1896;
Western Union, 300.
The stock market to-day was alternately
strong and weak, with moderate volume of
business except in few stocks, and the result
pr days operations is to leave the list irregu-
larly changed. although some marked declines
Ire recorded The final declaration of a dividend
pm the Missouri Pacific caused irmer feeling
shis morning though the expectation of the
usual raid acted a wet blanket on the specula-
lion for some time. 1t did not come. however.
Ind the market improved, slowly but steadily.
throughout the forenoon. The raid came after
That time, however, and it had for its object the
disruption of the pools in Reading and St Paul
The sales in the first named stock were again
very heavy, and large blocks changed
hands at rapidly declining prices. The
room was treated co some startling reports
from Chicago, one stating that the meeting had
broken mp in row, and later II was said that
the banks were calling in loans, ali of which had
a very unsettling effect upon the general list,
and among the specalties there some
marked losses The decline came to halt
however, before the close of business. and most
of the list shows light gains for the day Mis-
souri, Pacific led the upward movement IN the
forenoon, and at one time showed a net gain of
Dver per cent, but the greater portion of this
was afterward lost St. Paul, which
watched with great interest throughout the day.
displayed a stubborn strength in the face of the
pressure brought to bear against it, and lost but
small fraction beyond the dividend. Lacka-
wanna and Union Pacific were also prominent,
and both were very we'll held. Among the low
priced stocks Hooking Coal was a feature, max
ing sharp advance toward the close in
creased business. The opening strong at
advances extending to per cent. and while the
business done in the forenoon was monopoized
By FIVE or ak stocks. there was firm to
ftrong tone, with the coalers most conspicuous
The best prices of the day were reached about
Aoon, when the raid began, and Reading and
Northwestern showed most weakness, though
5he decline extended to the entire active list.
There no interruption TO the decline until
ln the last hour. when slight fractions were re-
gained and the market finally closed about steady
at little better than the lowest figure Most
OF the list show slight advances, but the only
important changes for the day are gain of 13c
in Hooking Coal and loss of ltc in Reading
Railroad bonds were dull; sales. 1901, 000 The
market was in close sympathy with the trading
IN shares, being rather strong in the forenoon,
but heavy later in the day. Closing prices show
Irregular changes Toledo Ann Arbor & Grand
Trunk firsts lost at 101. and Mobile 81 Ohio
fourth debentures 3. at g.
Government bonds dull and steady.
State bonds dull and featursless. Closing
quotations were: