The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-08-08
IN THE WORLD OF TRADE.

New YORK, August 6.-Money on call
easy at 1913 per cent. Prime mercantile
paper 4i@6!c. Sterling exchange dull
but steady at S4S5 for sixty-day bills and
$4.S7 for demand. The total sales of
stocks to-day were 19S,024 shares includ-
ing Delaware, Lackawana, Western, 49,
060; Lake Shore, l3,430; Missouri Pacific,
$50; Northwestern, $50; Northern Pa
cific preferred, 3,7l4; Oregan Trans-Conti-
mental, 1910; Pacific Mail, 4,028; Read
ing, 40,700; st. Paul. 1920; Union Pa
cifc, $3.50; Western Union, 16, 635; Wheel
ing and Lake Erie preferred, 5000. The
stock market was very dull during the
forenoon to-day but became active later in
the day, while a firm to strong tone
marked the transactions throughout the
entire session. This being a holiday
pectation that the business here would be
very limited and during the first two
hours OF business these expec-
tations were realized though
the strong tone manifested by the
very limited dealings was somewhat of
surprise to the the street. Commission
people, however. later seemed better sup
piled with buying orders than usual for
some time and she scarcity of stocks on
the street made the offerings unusually
small which soon started an advance in
the list which caused the early sellers to
become purchasers later in the day. The
improvement was specially noticeable in
the coalers, Vanderbilts, Gould stocks and
st. Paul, with a few of the specialties.
The unusual demand for anthracite in
view of the expected advance in rates
stimulated the coal stocks and Lacka-
wanna became the leader of the market
with Reading close behind, but the i'm
petus to the general list was the favorable
crop reports with the sharp demadd for
wheat for export. The Gould stocks were
more prominent than usual of late and
this gave rise to the belief in some
quarters that Mr.. Gould was a liberal pur-
chaser as well as the renewal of the old
story of a syndicate to purchase his hold
ings OF Western Union, the latter stock
being again very prominent in the deal
ings. The opening sales were made at
only slight changes from Saturdays clos
Ing hgureS but the list developed strength
Immediately and Western Union, st.
Paul and Cotton oil took the
lead in the advance. The improvement
however, was confined to fractional
amounts only, while the market then re-
acted slightly and became dull. There
was more animation noticeable soon af-
ter II o'clock and Lackawanna then as
sumed the advance and followed by Della
ware & Hudson and Missouri Pacific adj
vanced Il per cent. The activity died
away toward delivery hour and the adj
vance had less force. but the close while
quiet, was strong at about the best figures
reached. Railroad bonds were extremely
dull and featureless to-day and though
there was a firm tone to the dealings
throughout the entire day the final change
in quotations are generally confined to
small fractionr and no feature whatever
was shown at any time. The sales OF all
issues aggregated only S746.00O and this
amount was very evenly divided among a
small number OF issues. A few bonds
made important gains, however, and
Minneapolis & st. Paul firsts rose 8 to %.
Government bonds were dull and steady.
State bonds were dull and firm.