The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-10-10
IN THE WORLD OF TRADE.

NEW YORK, Oct. s.-Money on call easy at
2@4 per cent; last loan 215; closed offered at 8.
Prime mercantile paper, 42<961z. Sterling ex-
change dull but firm at 1881 for sixty-day bills
and 4SS for demand. The total saless.o stocks
to-day were 251, 024 shares. The stock market
was fairly active to-day, but, to its tone, was
unsettled, though with a generally frmer feel
ing than prevailed during the latter portion of
last week. There were alternate spells of weak
ness and strength throughout the day, and
periods of activity followed dullness. London
was buyer this morning, and commission
houses had q number OF orders to buy, which
were executed. This impaired firm tone TO
the opening, but the bears were disposed to re-
sist the advancing tendency and did some ham,
mering which forced the market of to below the
opening figures, and in some stocks material
losses were sustained. Upon the removal of
the pressure, however, the tide was again
turned and prices recovered with promptness.
New England was again the feature of the
morning hours, and was strong when the rest
of the list was weak, but later on sagged offand
failed to recover much with the other stocks.
ST. Paul was a special object Of attack by the
bears, but il was very well held, and later ex@
hibited marked strength, and tonight is one of
few stocks which shows marked gains. The
Vanderbilt stocks were rather weak and Lake
Shore readily yielded TO the first attack, while
Michigan Central, after selling down, was not
again traded in. The Gould stocks with the
exception of Missouri Pacific, which shared
with st. Paul the brunt of the bear raid of the
forenoon, were firm and active. The special
ties were quiet and Lake Erie & Western pre-
ferred and Chicago & East Illinois preferred
were the only ones showing any feature. The
opening figures were generally from Il to e
per cent. above last evenings prices,
and further gains of q like amount
we're established in the early trading
while New England rose point. But the list
soon declined again, and Missouri Pacific led
the downward movement which took prices
something below those of the opening This was
followed by recovery, and the market showing
steadily decreasing volume Of business was
alternately heavy and firm until toward l p.
m. when there was more force to the rallies.
and the best prices of the day were generally
reached before delivery hour The market ex-
hibited no further feature, and finally closed
quiet and firm at about the highest prices. The
active list is almost invariably higher this even
ing, but the gains, except in st. Paul, which is
up / =, and Lake Erie and Western preferred,
which rose Ia, are for fractions only, while
Michigan Central shows loss of IL. The
railroad bond market was again quiet, with
sales of only 81, 1O1 COO of which S149. 600 were
in West Shore IS. There was no feature what
ever to the trading, but the tone of the dealings
was generally steady to firm, and the final
changes are for small fractions except in a few
cases. Among those which are higher, Denver
& Rio Grnnde Western assented rose 8 to 6S1<
| Government bonds were dull and steady. State
bonds were dull and steady.