The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-25
MONEY, BONDS AND STOCKS.

The New York Market Shows More than
Usual Activity and Strength.
NEW YORK, April 24-Money on call was
easy at 203 per cent, the last loan being made
at 81, closing offered at 2024.
Prime mercantile paper, Al 051 per cent
Sterling exchange was dull but steady
at s4S6t for sixty-day bills and e. So for de-
mand.
The total sales of stocks to-day were 373, 967
shares. including the following: Canada
Southern, 3,510; Delaware, LAckawanna
g. Western. 27,20O Erie. 20, 7s0; Lake
Shore. 23,66o; Louisville & Nashville,
1O,676; Missouri Pacific. IL, leo: Northwestern,
10. les; Northern Pacific, preferred. 1850; Ore
gOn & Transcontinental, 81 ,l4O; Reading 3d.,
300; Richmond & West Point, 1858; ST Paul.
47.5l5; Texas Pacific 5000; Union Pacific. 81,
40; Western Union, Il, 020.
The stock market was again active and strong
ao-day almost from opening to close, and more
decided gains were made in the list than at any
previous time since the present rise began.
There was less feverishness and much less
hesitation at the opening OF business, when
there has been selling movement in anticipa-
tion of q reaction every day for some time. The
traders resisted the advance. and realizing sales
were numerous ever. but there marked
foreign support to the market, coupled with
good commission buying, and the upward course
of the list met with serious set-b back through
out the day. A few stocks were prominent for
1he sudden and rapid advances made at different
times, among which New Enelend Wheeling s.
Lake Erie, St. Paul, Manhattan and San Fran
cisco were most conspicuous. The condition Of
trunk-ne matters was factor in the improve
ment. and some other influences helped on the
prevailing good feeling. The market
strong st the opening, and while some
little hesitation shown in the efforts
of the traders TO bring about reaction the
of prices was. after the first hour, turned
permanently in the upward direction and Lake
Shore came to the front in the general list,
while Manhattan and Wheeling e. Lake Erie
made marked advances or light trading. In the
afternoon New England became the leader of
the speculation and developed marked strength,
bit later retired in favor of St Paul. The
advance received a check toward the delivery
strength with rather more animation, and San
Francisco advanced rapidly, with small sales.
T here was no further feature, however, and the
market finally closed active and strong at or
near the best prices of the day The most i'm
portant gains for the day included Pullman, IL
Navigation and Oregon Improvement, IL each;
Missouri Pacific and San Francisco, II each:
Manhattan and New England, II each; St.
Paul, Oregon & Transcontinental, and Union
Pacific. each per cent.
Railroad bonds we're again moderately active,
the sales for the day reaching ST. 516 0O0 of which
e156 900 were Erie seconds and $142 900 Rock
Island fves. The market was generally firm to
strong. and closing figures in most show
fractional gains Detroit, Mackinac g. Mar
quette land grants rose 2 to 81; Michigan Gen.
trial fves of 1881, g. TO 112; Kansas g. Texas
AYES, 2. to 56; Texas q New Orleans irsts, g to
116, and virginia Midland generals 2, to S12.
Government bonds were active and strong.
State bonds were dull and firm. Closing quo
4ations were: