The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-02-29
FINANCE AND TRADE.
fhe CoEdl len Of the Stock and Bond Market
and ih Fluctuations.
Clearing House statements-Live Stock
Quotations General Produce Markets
Cotton md Wool Prices
Foreign Matters.

NEW YORK, Feb. 2s-Money on call easy at
2@2h per cent, last loan, ~, closed at 2e,1z.
Prime mercantile paper 41z95% sterling ex'
change duh but firm at 1851 for sixty-day bills,
and 4S7H for demand. The total sales of stocks
to-day were 1Oo. leo shares, including: Delaware,
Lackawanna and Western 800; Erie, $500;
Lake Shore $500; Louisville and Nashville
5000: New Jersey Central 5000; Reading IL, 200;
Richmond and West Point II. coo; st. Paul H.
200; Union Pacific 500. Western Union $500.
The stock market was again very dull to-
day, but the tone of the dealings was in marked
contrast 10 that OF yesterday, being hrn 70
strong for most Of the day, and the buying was
Of a much better character throughout The
strike on the Burlington and the other railroad
troubles OF the Northwest have given increased
impetus te the movement TO take the question
OF rates out OF the hands of the railroad man
ayers and place it under the control Of State
commissioners. Notwithstanding the strike,
however ard the unsettled condition OF the
railroad business in the West, operators were
disposed to await further Developments before
selling, and the announcement that Congress
will probably in a short time take some action
on the financial situation created better feel
ing in stock circles, and the market showed
marked strength in some directions. The APP
parent selling By London yesterday In the light
of to-dsy's developments seems to have been
an attempt by the bears to break the market.
There were very few selling orders in the
market this morning, and these were quickly
exhausted, though they had temporary effect
upon prices, except in the case OF Manhattan.
which was broken over point. This was the
only special feature to the trading until toward
the close, when the buying of the Richmond and
Kne DCTr- odx-on nod
rapidly. Jersey Central, st Paul and Louisville&
Nashville becameprominent at the time, though
the movements in the other stocks were for
small fractions only, The opening was in
marked contrast 70 that of yesterday, being ex-
tremely dull but nrm, and, though the improve
ment was not maintained, the heaviness was of
short duration and the upward movement be-
gan again. The market, however, quickly set
tied down to utter stagnstion, and while retain
In & fits firm tone made no progress in any diree-
ton until the last hour, when Richmond Il West
Point stocks led q decided advance The close
was duh. but firm to strong, at the highest
prices reached. Almost everything is higher
tonight, though advances are for fractions
only, except for Richmond & West Point, which
rose rs, and the preferred rs, while Manhattan
Is 13< lower. The railroad bond market was
quiet to-day, the sales sggTegatiDg s97l,oOo. and
the interest eentered In Rock Island 5s which
furnished sl21 ,0Oo, and Erie I'd s107,0e0. There
were no decided movements in the list how
ever. and prices were heavy in the forenoon,
but recovered toward the close, leaving the list
irregularly changed from last previous sales.
Among the advances Ohio Southern LIST rose "a
to 1o41<, and Milwaukee, Lake Shore q Western
incomes to lO2. Denver & South PARK LIST lost
SO at771s.
Government bonds dull and rather heavy;
STATE bonds were neglected.