The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-04-26

An Increase Of Activity at New York, Many
Stocks Showing Fractional Advances.
NEW YORK. April 25-Money on call was
easy at 2023 per cent, the last loan being made
at 2, closing offered at 2023
Prime mercantile paper. A a 81 per cent
Sterling exchange dull but firm
at $4.s64 for sixty-dAy bills and g. 50 for de-
msnd.
The total sales of stocks to-day were 433 GIT
shares. including the following: Canada
Southern, 5.610; Delaware, Lackawanna
e. Western. 2s,s4o; Erie. 1890; Lake
Shore, $780, Louisville g. Nashville,
7.035; Missouri Pacific IL, 985; Northwestern,
1850; New York Central, 1868; Northern Pa
cine, preferred. 1880; Oregon & Transeontinen-
tai, %, 430; Pacific Mail. 1915; Peoria, Decatur
& Evansville, 1920; Reading. sl,345 Richmond
& West Point. q. s05 St Paul, So, 120 ST. Paul
/ s. Omaha. 1900; Texas Pacific, 1865; Union
Pacific. A., 395; Western Union, 1905.
The stock market was more active to-day, the
total sales being tho largest seen in some time,
while the dealings were distributed over very
large mum Der Of stocks. and the upward move
nnent made further progress, though meeting
somewhat of setback in the last hour. Much
made out of the fact that the London mar
ket came higher this morning than last nights
hgIres, and the buying in this market assumed
larger proportions than on any previous day
this week The advance then made steady
progress with hardly the suggestion Of reac-
ton throughout most of the day: Several
causes contributed to this end the increase in
earnings reported helping the Rrangers, which
became once more leaders in the market, and
reports from Washington that some agreement
with the government would be reached and the
Injunction against the Oregon lease dissolved,
made Union Pacific early fav orite.
Later IL the day, however, the coal stocks be-
came prominent Reading being especially
strong. There were sharp movements in several
Ispecialties among which Peoria, Decatur q
| Evansville, San Francisco. and Green Bay were
F.most prominent. Late In the day, however, q
jrealizing movement knocked the market off con-
lsiderably, and some Of the list closed lower, Pa
fcifc Mail yielding very readily in the last hour,
{ while New England had been the weakest stock
up to that time. First prices were generally
from to per cent higher as compared with
last nights figures. and while there was
me us tbe srss soon began rlss
with Union Pacific leading. San Francisco,
the Changers and Lackawanna were most con-
spfcuous toward noon, and later Missouri Pa
cifc, Northern Pacific preferred, and Manhattan
assumed she lead. Prices &C this time were gen.
orally from &c 10 nearly per cent. above those
of the opening. but IN the last hour Pacific
Mail lost II per cent the rest of the list follow
ing slowly, and large proportion Of the gains
/ of the forenoon were wiped ont, the market
finally closing rather heavy and active. The
great majority of the active list show fractional
advances. but Peora. Decatur 81 Evansville rose
Ia, and North western L. while Pacific Mail is
down II per cent.
Railroad bonds we're also decidedly active the
total sales reaching So 1853 0OO being the largest
days business in bonds for nearly year. Texas
PScihc receipts furnished S195, 900 and Erie Sec
0nds $l5G,a00 Of the total The Green Bay in
comes were the feature for strength, especially
in the forenoon, and the list moved mp. but later
prices sagged off somewhat, and advances are
generally confined to fractions. Peoria, Decatur
& Evansville firsts rose g. to 109; the seconds.
81, TO 75z; Manitoba four-andA-halfs, 6. to 961,
and Green Bay incomes, Il. to 36z.
Government bonds were uuist but firm.
State bonds were dull and steady. Closing
quotations ware: