The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-17
MONEY. BONDS AND STOCKS.

A Ouis,s Day In New York, the General Flat
showing No Change of Importance.
NEW YORK, April 16.-Money on call was
easy ut 1402 per cent
Prime mercantile paper. 507 per cent
Sterling exchange was dull but firm at CAS-
for sixty day bills and s4.S74 for demand.
The total sales of stocks to-day were 211, 1897
shares. including the following: Delaware.
Lackawanna s. Western. IL. 800; Erie, 5000;
Lake Shore. 7.400; Louisville & Nashville,
$500; Missouri Pacific, 1875; Northwestern,
S.zIO Reading g., $40; Richmond s. West Point,
45. 733; St Paul, %, $50, Union Pacific, s.1l6;
Western Union. $3.50.
The stock market was quiet, and for the gen.
eral list was without movement Of Importance
for the entire day, the interest centering in the
Richmond e. West Point stocks, and New Eng
land whose activity and strength were responded
TO only slightly by the general market There
was some attempt TO advance the market IN the
early trading. and. though London was saller.
the stccks offered were taken, though the gains
made were aftsrward wiped ont New England
early became conspicuous on the buying of Bos-
ton parties and the Standard Oil interest, and
rumors of consolidation with the New Haven
road were again in circulation, and seemed to
find some believers. Missouri Pacific was at
this time. however. very weak. and It's
price was forced down l per cent, but
It had very little, If any. influence upon the re-
Enainder of the list Later IN the day the result
of the meeting of Richmond 81 West Point di
rectors was made public, and the buying In the
stocks Of that company became very large, while
their prices moved up sharply. The general list
responded feebly TO the stimulation OF this
movement and quotations were improved all
round the room. In none other than the stocks
mentioned however, did the extreme huctua-
.tions reach much as per cent, and although
there were some large blocks OF St Paul sold
during the day. and LackAwanna was very
scarce for delivery, this movements OF the two
stocks were entirely insignificant The first
sales were generally steady. but the market
soon developed activity and strength, and Mis-
souri Pacific, New England and Union Pa
cihc became conspicuous for strength.
The animation died out before noon, how
ever, and the list with the single exception
of New England, slowly reacted, and the early
gains generally wiped out. The monotony
was not relieved until toward o'clock, when
the movement in Richmond 81 West Point stocks
began, which infused some life into the list, and
prices moved up all Found The last prices
were at or near the best of the day, and the
close WAS active and strong The closing prices
are generally small fractions higher, as COM
pared with Saturdays prices, but New England
rose q; Richmond & West Point preferred, II,
the common, I, and Rock Island per cent,
while Tennessee Coal lost /.
Railroad bonds were a little more animated.
and displayed firm tone throughout; Mexican
Central incomes rose 81. to n; New Orleans Pa
ciic transfer receipts, q, to 53z. Mobile &
Ohio frat dsbentures lost 3, at AZ.
Governments bonds were dull and steady.
State bonds were dull and steady. Closing
inuq