The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-30
MONET. BONDS AsD STOCKS.

Stocks More Active, Prices Closing with
Irregular Changes.
NEW YORK, March 29-Money on call
loaned at to 6 per cent, the LAST loan being
81 4c.
Prime mercantile paper, 507 per cent
Sterling exchange was dull but steady al
s4.s52 for sixtyday bills, and - s77 for demand.
The total sales of stocks to-day were 1885,
25l shares including the following Canada
Southern, 300; Delaware, Lackawanna &
Western, 5O,260; Erie, 24.310; Lake Shore.
8.730; Louisville & Nashville, 4.46O; Missouri
Pacific, 1850; Northwestern, $500; New Jersey
Central, 1900; Reading, 64.S0O; Richmond
81 West Point 3. 925; ST. Paul. 37,240 Union
Pacific, IO.45O Western Union, 1850.
The stock market WAS more active to-day. aud
the fluctuations were quite irregular, leaving
prices Irregularly changed at the close. though
most Of the list show advances. The approach
Of the holiday made the bears somewhat more
wary than usual during the previous days of
this week, and whils there was short selling at
odd times during the day, the feature Of the
trading. especially in the forenoon. was the COW
erine of short contracts. There was very little
pressure to sell at any time in the day, and evil
denees Of support in most OF the leading stocks
were not wanting The bears made q raid on
the list soon after the opening OF business and
suseeedsd in bringing about IL, fractional ma.
the response was too great and
the ''shorts" then went in TO cover, which
brought most Of the list materially above first
prices, while Jersey Central, Missouri Pacific,
Manhattan and other specialties made marked
gains Toward delivery hour, however. there
WAS free realization by the early buyers, and
most of the Improvements was lost throughout
the list. and Consolidated Gas, on story that
there was to be an issue of $43. 00O,0 900 bonds.
slumped of from III to 6S3; St Paul % Duluth
also dropped per cent, and the preferred z
The market rallied in the last few minutes,
. ular changes for the day. The coal stocks were
again most prominent in the dealings and the
denial Of the assertions in regard to the Lacka-
wanna, and the meeting of the directors for the
declaration of dividend tomorrow stimulated
buying in those stocks, and they easily led the
list In the forenoon. The Gould stocks showed
marked strength. The news OF the day was
OF neutral character, though the unsettled
against those stocks, and Burlington especially
was quite weak. London was a seller, but the
foreign transactions were of little moment ia
the course Of prices. At the meeting of the
was decided to apply at once to the
Stock Exchange to list the preferred
stock which takes the place of the recent
common stock. The dividend Is to be made
payable on April 80, If the Stock Exchange shsll
have taken action IN the meantime Closing
prices are irregular, but generally show slight
advances. while Jersey Central is mp 2, and
Manhattan 1 per cent Consolidated gas Is
down 2E, Burlington 81 Quincy per cent.
Railroad bonds were irregular. though the
majority were firm and most of the important
changes for the day are advances Transac-
tons, 677O, 600. Kansas 81 Texas sevens rose
TO 80; Green Bay firsts lost z at 80, and New Or
leans g. Mobile seconds 81. at 964.
Government bonds were weak except the cur
rency SKIES.
State bonds were neglected The closing quo