The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-08
MONEY. BONDS AND STOCKS.

An Active Market at New York, Accompa-
MED by Fractional Gains.
NEW YORK, Sept. Mooney on call was
easy at 10I3 per cent, the last loan being
made at II. closing offered at II.
Prime mercantile paper, Al S6i per cent
Sterling exchange was dull, steady and IN
changed.
The total sales OF stocks to-day were 272, 0SS
shares, including the following: Delaware.
Lackawanns g. Western, $3.50; Erie. 1850;
Lake Shore, $3.50, Missouri Pacific, 1850;
Northwestern. 1905; New Jersey Central, 4. 22O;
Norfolk & Western. 657; Northern Pacific pre-
ferred 0,l50; Oregon Transcontnental, 10. $50;
Reading. 1905; Richmond g. West Point, s, $40;
ST. Paul, 35,0S5; Texas Pacific, 1896; Union
Pacific, 1885, Western Union, Il, 935.
The stock market was again active, and dur
Jog the entire day, except the first half hour, it
was strong, leaving prices again materially high
or than last evenings figures. The ''be9rs' re-
newed their attack of yesterday this morning.
and succeeded in making considerable impress
sion upon a few stocks, though the movement
was Of short duration. There was very little
animation in the list outside of the stocks at
tackled by the "oears," until the pressure was
concentrated upon four stocks: st. Paul, Lacka-
wanna, Western Union and Reading, the heavi-
est drive being made at LackawAnna, and out
side Of that stock the result of the eff
fort was fractional only, while the short
interest was again increased. After the termi-
nation Of the raid the general list became more
active and new favorites came TO the front,
while more decidedly strong tone was devel-
oped than has been seen for the past few days,
the Willard stocks, Norfolk G. Western preferred.
Tennessee Coal, and the Gould shares in turn
leading the advance. The movement in Tennes-
see Coal was the most pronounced feature OF the
day, and with the announcement that the pre-
serred stock had been well taken MP. there was
talk OF dividend. Norfolk & Western pre-
ferred also moved up rapidly under the expecta-
tion that something will soon be done in the
East Tennessee matter which will result to
the advantage OF the company. Tho
of the da- however, was in Lackawanns
aad St. Pau and, though the feeling in the lat
ter has been very bearish for some time. the
stock was taken freely to-day. and closed with a
handsome advance over it's last evenings price.
Lackswsnna was more sluggish in the rise,
though it recovered all of its loss, which was
greatest of all in the early dealings. Under the
pressure exerted the first sales were from to 3
per cent lower than last nights figures, and in
the early trading these losses were further in
creased from to per cent. The market, how
ever. quickly recovered its tone, and, although
there was very little animation outside
or the four leading stocks, the declines We're
about recovered before the end of the first hour.
The market continued quiet till the afternoon.
while q strong tone prevailed from that time
until the close of business. Texas Pacific, Nor
folk & Western preferred. and Tennessee Coal,
In turn, led the advance, and the general list be-
came more active throughout, while the leaders
of the forenoon retired TO secondary position
in the market The close was fairly active and
strong. at the highest prices Of the day, though
there was q slight reaction ia the last few min
utes- The active list Is almost invariably high
er this evening, though the gains are generally
for fractional amounts; Tennessee Coal, hoN-
ever, rose q, Norfolk e. Western preferred
IL, Northern Pacific preferred Il, and Texas
Pacific per cent
The railroad bond market failed to respond to
the strength displayed in the share list and the
movements we're irregular. and. in but few in
stances for more than fractional amounts for
the day. There was q moderately active bust
ness In everything except the Texas Pacific sec
ond incomes, which, on the fatterine prospects
OF the road snd the talk of the payment of the
interest upon them, became very active and
contributed $4,000 to the days total of 81 $751;
600. No other feature marked the dealings.
however, and the final changes arc generally for
small fractions. The advances include St Panl
Mineral Point fves, 2, to 102, and Northern Pa
cihc thirds, 2, TO 100.
Government bonds were quiet and steady to
firm.
State bonds entirely neglected. Closing quo
<o%f