The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-20
MONEY, BONDS AND STOCKS.

Sew York Market Opens Quiet and Weak,
bnt Closes at Better Prices.
NEW YORK, April 1s.-ionsy on call ives
easy at II 70 q per cent, closed offered at 2.
Prime mercantile paper. Bar por cent
ftsrlEne exchange was quiet and steady.
at 9As55 for sixty day bills and s4.s7s for de-
nand.
The total sales Of stocks to-day were 3l2,332
shares. including the following: Delaware,
1ackawanna s. Western. PATIO; Erie, 4. $40;
Lake Shore. GALS; Louisville s. Nashville,
1890; Missouri Pacific. 4,6So; Northwestern,
T,175; New Jersey Central. 4.52o; Northern
PaeiHe. preferred. 1c,725; Oregon s. Trans
sentimental 26, 500; Reading. So 500; Richmond
s West Point. q, s15; St. Paul. %, 900; Union
Pacific. 15.4oO; Western Union. 10000
The stock market was quiet and weak early
an the day, bnt bu1lish feeling soon appeared
end under good buying the entire list moved up,
sAs strength Of the market increasing as the day
wore along. The more serious condition Of the
German Emperor was source Of unsasiness in
the European bourses. aud there was some sell
Ing Of stock for foreign Eesount this morning. An
sttsmpt was made by the bears to raid the mar
kst.s but the buying was too much for them, and
khs attack was relinquished. Boston
parties were foremost IN the upward movement.
egon & Transcontinental- The two stocks men
toned wore the special features of the day, and
their sudden and marked rise was somewhat Of
u mystery to the street President Bostwick,
of she former road. was quoted as
saying that neither he nor the officers
ok the company knew anything about
tbs movement, and the room finally settled upon
zIr starbuek the man behind it. The pools
were liberal purchasers, however, and later in
the day rumors that the enigrant troubles
among the trunk lines had finally been settled
were circulated, aud aided the prevailing bullish
feeling: ard the oft-repeated report that the
great land sale of the Northern Pacific had been
vance In Oregon 81 Anscontlnsntal and Union
Tacihc preferred. Kansas ID Texas was the
0nly conspicuous weak spot to-day. and that
wasi only for a short time during the early
morning, bat the general confidence that
she Secretary of the Treasury will do some
thing 20 ard che business community stimulated
elspositicn to speculate for rise The open
ing was weak AZ declines extending to per
cent, ana further fractional losses were
tanned in the first few minutes on very moder-
ete business. The market quite unsettled
until nearly noon. when New England became
very strong and the general list followed with a
marked increase IN the amount Of business done.
Dragon y TrAnscontinental and Northern Pa
Eihc pr&ferred then became the leaders of the
advance, which gathered force the day wore
mionR, and the market finally closed active and
nsrong at or near the best prices reached. Ev-
eryshing Is higher and New England rose 3;
Northern Pacific preferred, II: Oregon d Trans
continental, II. and Colorado Coal per cent.
Railroad bonds were more active; sales, ST.,
Goo OF which New Jersey Central fves fur
hinhad $214, O00 and while the market was
aettled and irregular in the forenoon, 1t sympa-
xhized with the advance in the share list toward
she slose ard became strong, leaving most of
The lisu higher than the last previous sales. The
f8&EuM@ of,the trading we're the weakness in
B!&S 81 TE1EE fssu ssr and later the activi-
*al advance in the hioASoutherr- incomes
Whfch rose Al, to 3oE. KansG ~ Texas skies
s0s ssy 2. nt GIL. and the fives 22saat 52s
Efoverament bonds were dull but firm.
State bonds we're dull and steady. Closing
3r1Antfone ware.