The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-03-07
FINANCE AND TRADE,
The Condition Of tbs sloek and b. ID Xmkst
and its Fluctuations.
Clearing House stesements- Live Stock
OBSERVATION-DISCLOSURES. Produc @ Markets
Cotton and Wool p iees-
Foreign Matters.


per cent; last loan, per cen t.; closed at 2@s
per cent. Prime mercantile p lper, $685. PEI
cent. Sterling exchange du but steady at
"a S5% for sixty-day bills a. I'D sl.87lS for de
mand The total sales Of 81 Ocks to-day were
S59,4Cs shares. including: sanada Southern,
$40; Delaware, Lackawanna and Western, ST.
SIS; Erie, $3.50; Lake Shore I4,o45; Louisville
and Nashville, 1S,405; Miss ouri Pacific, 9,4ls;
Northwestern, ISL D; New ersey Central, $3.50,
Oregon Trsnseontinental, 1885; Reading, lOo,-
760; Richmond and West p amt, 16, 725 81. Paul.
4,2ss; Union Pacific, 20, 1904 Western Union, L.
76o.
To-day was the most act i've day in the stock
market for many weeks nd it was at the same
tine decidedly weak duri ing almost the entire
time, The selii2g was " cry heavy until late In
the day, the ceFelopme1 It's in the matter OF the
strikes since Saturday fight inducing free offer
ings of long stotks all around the loom, the
pressure beings peciall,Y severe against the coal
stocks, trunk &nes a. Id Changers The local
buying, however, wa very good, and clique
support was given VI til the selling orders be-
cane too numerous, when the sttezspt 20 save
the market wss given up. Later in theday the
bears made same efforts to cover on the receipt
Of more fsvoFs ble sdviees from the West. which
had the effect of steadying the list and some
slight recovery was made. The market wsE
feyerish throughout the greater portion Of
tire day, hoTeyer, under the heavy trans
actions many large blocks OF stocks changing
hands. The Eain topic of conversation in Wall
street was tss threatened general strike OF loco
motive engine srs, the feeling being that II Chief
Arthur persists in calling out the men on zSads
where there is no grievance, that the result will
he the disruption of the Brotherhood, public
sentiment would be arrsyed against the stIik-
ers. The cre=Td in Reading was very large again
ecuted but tie insiders took large amount OF
stock, and the stock with the general list wac
wen supported for most of the forenoon, but the
condition OF tAe coal market was factor in the
subsequent decline, which reached all the coal
ers except Delaware and Hudson. The dealings
in Missouri Pacific were a special feature OF the
day, the stock being very strong under consid-
eTsele investment buying on the expectation
OF largely increased earnings to be SHOWN in the
forthcoming req ort. Wheeling and Lake Erie
was the weakest stock on the list, dropping
per cent on very light transactions, but the
general list was quite duh and displayed little
featureof interest The first sales were made at
concessions, extending to Is per cent. but dur
ing the eG7ly trading the list showed a stubborn
resistance to the pressure, which caused some
slight advances. The list soon began 70 yield,
however, aid Lscksws1na early became prom
iDent for weakness, while the losses were con-
fined TO fractions in most cases until toward 2
O'Clock, the business done showing q Marked
decrease after II O'Clock. 4 firm tone marked
the dealings Cor the rest of the day and
in the last hour the market became al
but the close was quiet anG steady at somo-
thing better than lowest figures. Almost every
thing is lower tonight, and IGekawanna lost z
points; Wheeling & Lake Eric, "a: Reading
~; Jersey Central and Oregon 1ranseonti-
IL; Richmond & West Point, IA; Union Pacific,
per cent, and others fractional amounts:
Railroad bonds were quiet, except for Erie
seconds which furnished S1s1, OOo O1t OF total
days business OF 81, lS9,OO0, and though the
market sympathized to q limited extent In the
weakness displayed in the share list, ne losses
sustained we're generally for fractions only, and
many issues showed considerable strength es-
peeially in the latter part OF the day, leaving
prices irregularly changed from last previous
sales, though declines are in a ma Ority Among
the most important declines are Milwaukee,
Lake Shore & Western, Michigan Division, 81
al no; Minneapolis 4 Northwest fves at &c.
and Mobile 4 Ohio new skies, 2 at iI3. The !
gains comprise Rock Island SKIES 2 to 1917, and /
Belleville q Car0ndelet skies, 25s to 1ll5z.
Government bonds duh and heavy and State