The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-21
MONEY, BONDS AND STOCKS.

A Decrease OF Activity at New York. with
an Upward Turn Near the Close.
NEW YORK, April 20.-Money on cali wan
easy at per cent, the last loan being made at
2, closing offered At 9.
Prime mercantile paper. 507 per cent
Sterling exchange was quiet bat firm
nc $4-S6 for sixty-day bills and o. 81 FOR de-
mand.
The total sales of stocks to-day were 28l. 538
shares including the following: Canada
Southern, $500; Delaware, Lackawanna
Shore. 4,s00; Louisville Nashville,
1880; Missouri Pacific 14,715; Northwestern,
s,315; Northern Pacific, preferred. 5, 494; Oregon
& Transcontinental, 1.67O; Reading. 66.220;
Richmond & West Point. 1880; St Paul,
81 1876 Texas Pacific, 1920; Union Pacific. IL 255;
Western Union, 1855.
The stock market was less active to-day, and
not so streng in the forenoon. but toward the
close there was general upward movement. at
tended in some stocks with little excitement.
Mr.. Gould's prssentment Of the condition OF she
Kansas s. Texas was felt in the price OF the
stock this morning. knocking it of / per cent,
but the other Gould stocks were leaders in the
market almost from the opening, and gave to
the market what character IL possessed in the
morning hours. The buying Of the Texas Pa
cihe was very openly done, and most Of the pur-
chases Of Missouri Pacific and Western Union
were said to be for AR. Sage. The general list
was unsettled and somewhat faverish In the
early morning. there being no effort
whatever 90 advance prices by the ahulls,n
and London was again q moderate seller,
though some blocks Of Reading were sold for
that interest The news Of the day was entirely
insignihcant and there were no new develop
ments OF any kind, but the feeling was bullish
throughout, aud late in the day the buying
sumed larger proportions and the entire list
moved rapidly. Missouri Pacific. Western I'm
ion, Pacific Mail, andin thelast hour Reading. ALI
showed marked strength, more than half OF tho
total shares sold in the last mentioned
stock changing hands in the last hour.
First prices were irregularly changed from
the list were higher, while Kansas q
Texas was of l Der cent The market was irreg-
ulAr aud feverish for some time, and few i'm
poFtant declines were established but before
noon Missouri Pacific developed strength, and
some improvement was made in the general list
The market became very dull after noon. and
no feature shown until the last hour
when Reading became extremely active and
moved up sharply, gaining Ii per cent. from its
lowest figures The close was active and firm
to strong at or near the best prices of the day.
Almost everything il higher this evening,
though gains are fractional, except IN Missouri
Pacific, which is up Ii, and Pacific Mail per
cent
The railroad bond market was more active,
though few Issues were weak. The special
feature Of the days trading was the Atlantic &
Pacific incomes, which furnished 1856 600 out of
q total days business OF $l,367,O0O Shenan-
doah Valley general receipts rose 2 TO 81; Kan
sas & Texas Is lost 2, at 50, and Wabash general
receipts, 8 at 80.
Government bonds were quiet but steady to
firm.
State bonds were dull and steady. Closing