The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-04-04
FINANCIAL and COMMERCIAL.


NEW YORK April Money on call easy at
~ to per cent last loan 4; elosed a. soz4.
Prime mercantile paper, 597 per cent Sterling
exchange duh and weak with actual business
S4s51z for co day bills and SLS7I& for dem and.
The total sales OF stocks to-day were 375, 1854
shares.
The stock market was very active and ieverish
throughout the day, aud while extremely weak
in the forenoon rallied later in the day although
the tone OF dealings was unsettled throughout.
The Western railroad troubles were still the
great disturbing factor, and the advices re-
ceiyed since Saturday night induced q heavy
pressure TO sell at the opening. there being
perfect rush 10 get ont and the regular trading
was attended by great excitement Tor some
time. TumOr Giro ulsted last week-that OF
prominent banking house being in trouble
and compelled TO throw over all the stock il
had been carryiDg-was again made Use of this
morning with considerable effect. The pressure
was specially severe against the CHANGERS, and
St Paul in particular, but the stock iuetusted
only per cent all DAY, and its final loss was
Insignificant. More impression was made on
others, however, and Burlington Il Quincy
dropped over 3 per cent. After the grangers
more attention was paid 70 the VsndeTbilts as
being liable 70 suffer most from the pros.
peetive difficulties with employees, and
Csnads Southern, Michigan Central snd
Lske shore made marked declines. The coal
ers exhibited considerable strength, especially
in the early part OF the day, bat we're subjected
10 heavy rsids later, and the trading in Reading
and Lsekswsnna was very large and the inn
preston MADE upon the prices was not at all
commensurate with the efforts put forth There
was extensive covering OF shorts At TIE low
prices and renewed buying for The long account
when Il became evident that the situation had
been exaggerated and the market had gen
orally frm tone throughout the afternoon
Union Pacifc suffered heavily in the frst attack
but almost Immediately recovered and was well
held 70 the close, and while Richmond 4 West
Point was one Of the most active stocks its
fluctuations were confined 10 6 range OF only
. per cent FIRST sales were made at conees-
EiOns from a 70 q Del cent. IN most cases, butin
exceptional fnstsnces the declines reached u.
The market was very active and feverish, put
weak, FOR some time after the opening, and
most OF the losses we're established in the frs
lew minutes Lowest prices were generally
made shortly az er noon. however, after which
there was an irregular recovery extending
throughout the list and lasting all the after
noon. The market was much Quieter after the
first hour, and finally closed quiet and about
steady. Most OF the list was materially lower
and Csnses Southern is OF J. 1, Burlington &
Quincy, 15s; Colorado Coal and Richmond d
West Point preferred, each 10. Rock Island F..
Worth Denver, Missouri Pacific, New York
Central. Omaha, Reading and Pacific Nail
Per cent. each.
Railroad bonds were more animated, b1t they
Eympztbized 10 a limited extent with the de-
preston IN shares, and, while final changes are
generally for fractional amounts only, II most
Of the list The Differences are almost invariably
IN the direction Of Ower figures. Ths total
transactions were 500 900. Govern uent bonds
were dun and heavy. STATE bonds were neg-
1ected.