The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-09-26
Must Know 1t All.
To" VI1oIII' Il IN@! 1IIoFI
A doctor must understand all tongues.
IN THE WORLD OF TRADE.

NEW YORK, Sept. 24.-Money on call
easy at HOO per cent. closing offered at
II. Prime mercantile paper, 5i@73c. Ster-
ling exchange dull but steady at $4S4t
for sixty-day bills and Sass for demand.
Total sales of stocks to-day were 234,S25
shares, including Delaware, Lackawanna &
Western, $500; Erie, 1920; Lake Shore,
1868; Louisville & Nashville, 10,63O;
Michigan Central, 1925; Missouri Pacific,
S,l90; Northwestern, 1895; Norfolk &
Western, preferred, 4,1O0; Northern Pa
cific, preferred, 2l,650; Oregon Transcon-
tinental, $500; Reading, 10000; st. Paul,
43,l05; Union Pacific, APO; Western
Union, 6,154. The stock market was I'M
settled and rather heavy in the forenoon
to-day but became very weak in the after
noon and the result of the days business
was to leave the prices of most stocks
materially lower than last weeks figures.
There was a somewhat better feeling on
the street this morning but the traders
were bearishly inclined and other inter
ests were doing little or nothing in the
market, which has always been the bears
opportunity, and the most was made
OF it. There was a squirt in Rock
Island at the opening ON the impress
sion that there would be no reduction of
the dividend, but the bears circulated re-
ports later that the dividend would surely
be reduced. and the stock gave.way again,
with the other western stocks, which were
treated in the same way. The leading
active and strong stocks in the forenoon
were New England and st. Paul, the latter
advancing over point, but London became
aseller of Reading, Louisville & Nashville
and Northern Pacific preferred, which
started the list off and the stories of reduc-
tons in the dividends on Atchison and
Manitoba, which had the effect OF depress-
ing the prices OF those stocks from to
per cent, the rest of the list following
The market rallied slightly toward the
close, but in nothing but Manitoba was
there any material gain over the lowest
prices. The news of the day was of a
negative character, and had no real effect
upon the list. Operators are again hold
ing off awaiting developments, more es-
pecially in regard TO Granger roads. The
opening prices showed declines as COM
pared with Saturdays closing figures, but
under the lead of st. Paul and New
England the entire list moved up in the
first hour from small fractions to over l
per cent. There was no further strength
shown, however, as weakness developed
in Northern Pacific preferred, Louisville
x Nashville, Missouri Pacific and few
others, and before noon the advances of
the first hour were wiped out entirely.
Later in the afternoon Manitoba. Atchison,
Rock Island and Wheeling and Lake Erie
preferred, and the decline continue until
close to the end of the session, when on
covering of shorts, put out in early hours,
some slight recovery was made. The
market closed dull and quite firm at the
improvement Rock Island closed up /
per cent, but the rest of the list are lower,
and Hooking Valley lost 81 per cent,
Manitoba per cent, Atkinson & North
ern Pacific preferred 1t per cent. each,
Burlington & Quincy per cent, and
others fractional amounts. The railroad
bond market was again very dull, the sales
reaching only $4,000, with no animation
in any part of the list. The tone of the
dealings was rather heavy, and the final
changes are in most cases in the direction
of lower prices, though the important
losses are few in number, the greatest be-
ing in Minneapolis and st. Louis frsts 3
to 80. Government bonds were dull, but
firm TO strong. State bonds were dull and
featureless.