The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-11-08
MONEY. BONDS AND STOCKS.

i Very Active Opening, Followed by Dull
ness and Lower Prices.
NEW YORK, Nov. Money on call was
easy at pa 81 pr cent. the last loan being made
at 202i per cent, closing offered at n per
cent
Prime mercantile paper, - a6i per cent
Sterling exchange was dull but steady ct
81 s44 for GO-day bills and s4s7a for demand
The total sales Of stocks to-day were no. 96l
shares, including the following: Delaware, Lack
awanna & Western, 1854; Erie, 4,4l0; Lake
Shore, 9.s6l; Missouri Pacific, 1850; Northwest
err, 1850; Northern Pacific, preferred. $780,
Reading 1880; Richmond q West Point 15.-
80; ST. Paul. 13,51s; Union Pacific, $500;
Western Union. l0,470
The stock market to-day opened with boom.
and in the first half hour nearly one-thrd OF
the entire business of the day was transacted,
but dizziness followed after prices had been
brought back to about the level Of last Mondays
fgurea There was very little feature to the
dealings The prices from London this morn
Jog were from 1 TO II per cent higher than our
figures of Monday, and this market responded
with q like advance. with London a heavy buyer
here, though there was considerable Iiquida-
ton upon the rise, and the traders
the boom Immediately, and prices quickly went
back to the level of last Mondays figures, when
both forces in the market took q rest, and COM
parative dizziness, with nc movement Of import
ance, was noticed Throughout the
remainder Of the day. The coal
stocks and the Southern stocks suffered most
from the pressure brought against the list, and
Lackswanna WAS specially prominent on the de-
On the other hand. the Vanderbilts and Pacific
Mail were quite strong, and the Gould stocks,
the oDening, rapidly lost their al
vantage. The market during the early
excitement WAS highly feverish, but this disap-
peared before the end of the fret hour, and the
list moved near possible unison The
activity at the opening was quite unusual and
the advances over Mondays figures were very
marked. extending to Il per cent IN Missouri
Pacific while New York Central and New Eng
land were up per cent each. Prices, however.
retired rapidly after the opening, and Atchison
lost Il per cent, and Missouri Pacific !, while
the general list was stopped at small fractions
above the figures OF Monday. There WAS some
recovery before noon but the list became pos
itively dull, and except in o few special in
stances, such milwaukee,, Lake Shore &
Western, which rose over per cent. there
was no feature, and the fluctuations
we're confined to the narrowess limit.
There was little more animation toward the
close, but the market finally closed dull and
firm. generally at small fractions below the
price Of the opening, but fractionally higher for
the day. though the gains are for fractional
amounts Gully, the largest being in Pacific Mail
II Der cent.
The railroad bond market was again dull. but
remained firm throughout the day, the majority
Of the issues showing fractional gains. while
the declines were few and unimportant The
Iales of all issues were only 1858. 900, of which
the Atlantic g. Pacific fours, which was the only
share showing any special animation, furnished
s257. 0OO P, d. q E, Evansville division. frsts,
declined 81 at $50.
Government bonds were dull and steady.
State bonds were entirely neglected. Closing