The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-29
MONEY, BONDS AND STOCKS.

Weakness In the ConIera and Changers, with
Slight Rally Toward the Close.
NEW YORK, March 2s-Money on cali
vas easy at 203 per cent. the last loan be-
ng made at q. closing offered at 81.
Prime mercantile paper, 507 per cent.
Sterling exchange was quiet but steady at
N.s5a for sixty-day bills, and 81 S7k for demand,
The total sales of stocks to-day were $780,
R12 shares. including the following: Canada
Bouthern, 1900; Delaware, Lac kawanna &
Western, r. 7O0 Delaware & Hudson. 5.245;
Erie, 8. 900; Lake Shore. 9,40o; Louisville g.
Nashville, A. 432; Missouri Pacific, 8. 772; North
western, IL, rs; New York Central. ), 600; Read
ing iO4. AS; Richmond & West Point. $. 100;
St. Paul, AZ, $50; Union Pacific. 5000; Western
Union, ,055
The Goa. stocks and the high-prieed grangers
were the leading features on the stock market
30 day and these being weak the entire list sympav
hized, though to limited extent only. Theirs was
a hrmer feeling again this morning and the list
responded with small gains. but the speculation
encountered food Of Reading for sale, which,
nDder considerable excitement, broke the stock
about per cent. Good buying followed the de-
sue, and the stock recovered and was very well
supported for the remainder of the day. The
''bearsp then attacked the other coalers, Lacka-
wanna being the first point of attack, rumors OF
trouble among the coal companies being the
Astensible cause for selling More succ ess than
attended the efforts in Reading marked the new
venture, and sharp drive was made against the
rrangsrs on the rumors OF liquidation in the
St. Paul pool, reported damage to winter wheat
BY the recent storms, and tho attitude of the
Burlington on the rate question. Delaware %
Hudson showed marked weakness. and late IN
the day New Jersey Central declined with
rush. A determined raid was made on the Wander
bilts but il met with little success, and outside
of the stocks mentioned, and few or the spe-
eialties like Fort Worth & Denver,
there vas but slight impression made.
The Gould stocks strong. and it was sup
posed that buying orders had been placed in all
of them. The opening was strong at advances
extending to per cent, and while there was
xnomentary weakness in the early trading the
list quickly recovered and slowly advanced.
Reading, however was an exception and later
was joined by Ft. Worth 81 Denver and Burhng-
Ton g Quincy. The gains in the general list
amounted to fractions only, and in the afternoon
it gave way. and the early advances were lost
with something in addition. Lackawanna be-
came the feature after noon, and with Delaware
& Hudson, Rock Island and Jersey Central was
extremely weak throughout. making marked de-
clnss The rally was slight, and of no I'M
portance, and the close was heavy at the lowest
prices reached. A few of the active list show
slight advances but TT. Worth and Denver lost
BE-; Jersey Central. 3; Burlington, II; Lacka-
wanna and Delaware & Hudson each, 4
Railroad bonds were dull, and while prices
were irregularly changed during the forenoon.
the market became weak later. in sympathy with
shares, and closing figures are generally lower.
Bales, $723, 900.
Government bonds were dull and heavy.
State bonds were very dull and steady.
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