The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-24
nIoNEY. BoNps AND sTocKs.

An Active and Firm Market in New York
with steady Closing.
NEW YORK, April 23.--Money on call was
easy at 264 per cent, the last loan being made
at p. closing offered at 8
Prime tile paper. 507 per cent
Sterling exchange was quiet but steady
at sAs6 for sixty-day bills and a. So for de-
nnand.
The total sales Of stocks to-day were 35917I
shares. including the following: Canada
Southern, 3,34O; Delaware, Lackawanna
g Western. 31,424; Erie. 1875; Lake
Shore, 1880; Louisville & Nashville,
4,475; Missouri Pacific. 6,547; Northwestern,
5,s40; New Jersey Centrai, 5000; Northern Pa
cite. preferred. $500; Oregon 6 Transeontinen-
tai. 1866; Pacific Mail $40; Reading. co.
560; Richmond & West Point. II. 267; st. Paul,
=. 665; ST Paul & Omaha. $50; Texas Pacific,
O.430; Union Pacific, 27,572; Western Union.
16, 500
The stock market was very active and firm at
the opening this morning most of the list being
small fractions above the closing figures of Sat
urday and with the exception of small set
back in the first hour, and shading off toward
the close, the market continued to advance
steadily throughout the antire day. The pre-
vailing sentiment bullish, and the buying
by commission houses was in excess of anything
seen during the present advance. Despite the free
reslizations in all parts of the list with unfavora
bic Western runors circulated. it was sufficient
TO keep prices moving upward nearly all day
long. Richmond 81 West Point was the first
stock to come to the front, and after il had
gained nearly / per cent. the advance
checked and a reaction occurred. caused by
the free selling of the traders and the rumors of
troubles in the West the grangers being the
weakest stocks the list. This very
small force in the decline, however and prices
were soon on the upward move, Pacific Mail be-
ing most prominent before noon. The Gould
stocks, which had been quite weak in the early
trading RAPIDLY recovered their losses, and the
coal stocks then came to the 'front.' the advance
gaining strength as the day wore along. Lae6-
awana was very prominent in the afternoon
and several special movements served to infuse
more life into the general list Union Pacific
was strong throughout, though its advance
slow and steady. Among the specialties most
noticeable for strength Wheeling & Lake
Erie Omaha was another conspicuously strong
be consolidated with the Northwestern, an
old story, and that q dividend TO be
declared on the common stock, and though both
of them received official denial the stock
advanced materially. The upward movement
was checked in the last half hour by free realiza-
tons, but prices were very stubborn and the
impression made upon them was insignificant
near the best figures of the day. The active
list as compared with the final prices of Satur-
day, is almost invariably higher, and Tennessee
Coal is up 2; Wheeling 81 Lake Erie, II. and
Omaha, 10.
The railroad bond market was also more act
i've; sales, ST.. 522, 600. Erie seconds furnished
S157, 900; Burlington s. Quincy. Nebraska tours,
$l28, 600, and Atlantic 81 Pacific incomes $780,
900. Prices were firm to strong throughout.
Government bonds were active and strong.
State bonds were dull and steady. Closing
quotations Wer0: