The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-10-03
IN THE WORLD OF TRADE.

NEW YORK, Oct. Money on call
easy at 297 per cent. last loan, .; closing
offered at 3 Prime mercantile paper,
4a@7c. Sterlingexchange quiet but steady
at 1881 for sixty-day bills and S4.S71
for demand. The total sales of
stocks to-day were 507,Sl5. With
the exception of one day last
week to-day's stock market was more
active than for any day for some months,
and prices advanced steadily, though
slowly during most OF the day. There
was rampant bullish feeling among the
local operators and the room traders, and
this served to rally the list on several oc-
casions when the realizations, which as
sumed large proportions, would have
brought about q reaction. The broaden
ing tendency of the market was very APP
parent and the dealing extended to-day
to many stocks which have claim dor
mant' for a long time, and the number of
stocks dealt in during the day
was something unprecedented. The news
of the day was almost invariably
favorable, the advices from the West es-
pecially having tendency TO affect val
ues favorably. There was an attempt to
make some capital out of the quarterly
settlements. and money late in the after
noon was bid up to per cent for a short
time, but it closed offered at 2 per cent.
after ruling easy throughout. There were
several special movements in the list
the southern stocks showing marked
strength at times, while Wheeling & Lake
Erie, Jersey Central, Chicago Eastern
Illinois preferred and Wabash preferred
rose sharply at different times. The
Gould stocks were all buoyant and re-
ports circulated in the room that Mr.. Gould
was again taking hand in the speculation,
had considerable influence. New En-
gland was again feature, but 1t was slug
glsh during the forenoon and sagged some
what, its final change being insignificant
The grangers and callers, with the ex-
ception OF st. Paul and Reading, were
quiet, but they displayed a firm tone with
small movements for the day. The mar
ket opened active and strong with ad-
vances extending TO ! per cent, and while
the list was feverish and excited in the
early trading. it was generally strong, and
big Four" Louisville q Nashville, Read
ing and Lackawanna made marked gains.
There was decrease in the amount of
business done, the animation continuing
TO fall away until the last hour, and the
market fuctuated within narrow linn
its except for Wabash preferred,
Jersey Central and Wheeling and Lake
Erie preferred, which made advances for
more than a point. The final dealings
were devoid of special feature, and the
close was active and strongest near the
best prices reached. The final changes
were, with but few exceptions, in the
direction Of higher prices, though the
majority were for fractions only, gain of
IL in Chicago & Eastern Illinois pre-
ferred, and per cent. in Reading being
the only marked advances.
The bond market was very active to-
day, and even stronger than the
share list, and the features of the deal
ings were the Chesapeake & Ohio cur
rency certificates, the st. Louis, Arkansas &
Texasseconds, the Reading second incomes
and the Ohio Southern incomes, which con-
tributed S664,0 100000, S265,000 and
Sl97,O00 respectively to the days total of
S., 35l 900. The first named bonds were
specially strong and rose nearly 8 per
cent, while the st. Louis, Arkansas &
Texas bonds, after a gain OF per cent,
reacted and lost the entire improvement.
Other marked gains were Mobile & Ohio
tours, to 10, and Richmond & West
Point trust fives, 2 to 974. Government
bonds were dull but firm. State bonds
were dull and without feature.