National Republican., 1888-04-04
QUIET. BuT STRONG.
Eject of the Bond Purchase Bill on
the Nartpt.

tnc MarHtIs
NLw YoRE, Apr. 3-Thc stock market was
less active and lower IN the forenoon today,
hut rallied and was strong throughout the re-.
muindCr ufthc day and marked advances were
scored In most Of the active list. London sent
buying orders at the opening, hut they were
-oon filed, and u sharp drive was made ut
laCkuwnnuu on the reduction Of tolls ON the
Lchigh Valley. and the strike on the Michigan
central was made means of depressing the
general list. The resistance to the decline
was TOO great, however, and tine shorts began
To cover, and the foreigners took large blocks
Of stock. whiCh' completely turned the drift of
the market and no further reaction was had
duiilig the rest of the day, while among the
JeciniticS very sharp advances were cstab'
llshed.
was particularly good unl the foreign pr.
cht'cs Of Reading, ~. Paul, Union fd' lie,
and Louisville and Nashville We're very
marked. The advance was helped by rmnors
that the Nandrrbilts were behind their stocks
and that the senate would take speedy action
on the bond purchase bill, but the beat sup.
Iurt was from the covering Of shorts late IN
The day. Jersey Central, Burlington and
Quincy, and some ii the southern stocks at
tlHcted special attention. Richmond and West
Point preferred aud Norfolk and Western pre-
lcrrCd being conspicuous for the strength dis.
played. The demand for stocks in the loan
crowd continued unabatcd, though rates were
stiil unchanged,
The close was quiet but strong at the best
prices Of the day generally. The active list is
higher this cyGning, Richmond and West
Point preferred is UP to 3 per. cent, Jersey
yiilc and Nashville y, Reading Il, Norfolk and
Western preferred =. Lake Shore and Union
Pacific II, Western Union, Richmond and West
I9nt @ o MGrthMtsst,epmd @mG Xxx aiad M
England per cent, and the rest of the list
fractional amounts.
Money on call has been easy ranging from
. TO B last loan at ., and closing Offered at D.
Sterling exchange is quiet end steady: actual
business at is5i TO iSj, tor CO.day bills and ~.
to ds;i for demand. Posted rates 1876! 10 ySSl.
Government bonds have been dun aud STEADY
To firm. state bonds have been very duh aii
steady
Treasury balances -Cou silOssGTOE eur.
rCnCy, Si2, Ilh.!6l.
The following were the closing bid quota.
tons:
is, coupon, 123l: Ais, coupon, 1861; Pacific Gs
sj, 12Oi District of Columbia 3.J1s, ilSs; Georgia
,s new gold, 1o3l; Louisiana A., 80; Missouri
Is, lOl; North Carolina consolidated o., 11I.:
90. 4s, wv Tenncssee new Us, io0; 90. os, w
90 ?s, Us; Virginia s IS, ~ 40; s Sat c9upoS'
ilrsts, I'd; Missouri Kansas and Texas gen. Is,
la!; do js, 30; Northern Pacific hrstS. ~ 4;
do. seconds, 1911; Northwestern consolidated,
ilia; do. debcnturc;, 10; st. Louis and san
Francisco, 1855; st. Paul consolidated, l2i}; ST.
| Paul Chicago aud Pacific iirsts, ll0l; South
crn Pacific irsts, lli!; Texas Pa nifc r. g., td.;
| adams Express, i35; Alton and rerre IiGutc,
| gj: do. preferred, 70; American Express, lOG;
| Boston Air Line preferred, 90: u. G. " Il. NJ,
| 80; Canada southern, AZ; Canton ~; Central
| Pacific -. Chesapeake and Ohio, III Chicago
| and Alton, l82 do. preferred, l5O Chicago,
| Burlington and Quincy, 1lUl; Clcv. Colo, IS;
| Consolidated Coal, rs: Delaware and Hudson,
| lti; Delaware, Lnckawanna aud Western,
1853; Denv'r, aud Rio Crlndr 49,; Egie, 2}!;
| do. preferred 5lf: Fort Wayne, 49,, Harlem,
| 2lI; Huston aud Texas II; Illinois Central,
| llj,; Kansas and Teas, l2t; Lake Erie and
| Western. ~: Lake Shore. 81: Louisville and
| Nashville, 5!J; Manhattan Con-, Sii; Memphis
| and Charleston, "5l; Metropolitan Elevated,
| 1891; Michigan Central, "a; Missouri Pacific,
| ~; Mob. II o., Z; Nor, Il f., 13S; Nashville
| and Chattanooga, ~; New Jersey Central.
~; Norfolk and Western preferred, Al; North
| rrll Pacific, 20s: do preferred 43s; Northwest
rrn, lGi!; do. preferred, 13S; New York Cen.
| trail, 1O3l; New York Chicago and 81. Louis,
-: do. preferred, %; Ohio aud MISSISSIPPI 49,;
| do. preferred, so; Oregon Navigation, ~; Pa.
| chc Mail, 2Ol: pittsburg 1856; Reading, 5}i:
Richmond and Allegheny. ,: Richmond and
| West Point Terminal 10; Rock Island, lOj;
| II. /" Il S f., -; do. preferred. G5I: first pre-
| fclrcd. 1906 81. Paul, GS.; do. preferred, lOS'
| St. Paul and omaha, 81; do. preferred, 1Nl
| Tennessee Coal and Iron, a5,; Texas Pacific,
| 21! Union Pacific, jO.: United States Express,
| II; wabash. ST. Louis aud Pacific, 12s; do
mcfCrcd. 81; Wells Fargo Express, 13O
| Western Union, i9,; silver Certificates, 97s
American Cotton oil, 2ns; Quicksilver S; do
| preferred, a3.
| @Askcd.