The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-04-24
CONDITION OF THE MARKETS
Chicago "Bulls" Secure Control of the
Wheat PIT and Gore Out the "Bears."
Prices Hoisted All Along the Line-Net Ad-
vance of 5-S Cent Over Wednesdays Clos
ing Figures-0ther Articles Higher.
MONEY. STOCKS AND BONDS.

Marke. Buoyant with Handsome Gains
Scored by . Few Inactive Shares.
NEW YORK. April 23.-Money on call was
easy. ranging from 10 3l2 per cent, tho last
loan being made at 8. closing offered at B.
Prime mercantile paper. 507 per cent
Sterling exchange quiet and steady at
Sass for sixty-day bills and SASSY for
demand.
The total sales of stocks to-day were
44s.9 900 shares. including the following:
AtchIson. 24.265; Lsckawanns. $500; Erie.
3.IO0; Lake Shore. $500; Louisville & Nash
vile. 1900; Missouri Pacific, 1000; North
western. 4,140: North American. 4.205; North
ern Pacific. 1850: Northern Pacific pre-
ferred, 1s.345; Richmond & West Point H.
SIS; st. Paul, 65.411; Union Pacific, 1896;
Western Union. 1872; Wheeling a. Lake
Erie. 1880
The stock market to-day. especially in
the afternoon. was an extremely active and
buoya one with quieter state of affairs
in the afternoon. and some concessions
from the high prices of the early trading.
The fact that this is "bulp market of the
old-fashioned sort is beginning to be recog-
nized in the street. and the local operators
who have been fighting the advance from
day to day are beginning to change their
base as rapidly as possible while
turning every means of bringing about a
reaction or q halt in the upward movement
In order to get out as easily as possible.
The movement yesterday was attributed
to the Gould party. and that of to-day.
although Mr.. Gould is not yet here and the
Gould stocks were relegated to secondary
position in the market and the grangers
again brought to the front. was attributed
In q great measure TO the same sources.
The Western contingent, however, were
again prominent in the buving and forced
their fEv0rites once more to the leadership
of the Market. and while there were heavy
oscillations on the advances, which kept
the upward movement for the day within
comparatively narrow limits, in considers
tion of the amount of business transacted,
the strength shown was in many respects
remarkable. Rock Island was especially
buoy ant. but most of the others did not
get rs much as per cent. above their open
ing figures, and the Gould stocks and
industrials were not only sluggish to-day but
inclined to weakness at times. To the lat
ter Lead Trust was an exception and dis
played great strength throughout the day.
with q comparatively large amount
of business. The foreigners were
credited with being sellers of the grangers,
but Louisville & Nashville was through
out the forenoon one of the stron gest ct ocks
on the list. keeping pace with the lesde rs.
Chicago Gas, notwithstanding the promi-
hence of the Chicago party in the market,
was left to take the same course as the
other industrials although it improved late
In the day. Outside OF Rock Island. how
ever, there was marked movement
among the active stocks, but the inactive
shares furnished several instances the Chi
cago & Eastern Illinois stocks. Lake Erie
* Western preferred. Flint & Pere Mar
= quette and one or two others scoring hand
some gains. The market finally closed
active and firm at close To the best prices
Railroad bonds were more active. the
sales reaching S2,120.000. with . firm tone
throughout, but without material change
in quotations. The securities of the Louis
Vile, New Albany * Chicago came to the
'front.' the new management having shown
sreduction in expenses, large increase in
business and IN Improvement in the condi-
ton of the road. Oregon Improvement In
comes, Atchison incomes and Readings
were prominent. the last named showing .
marked strength.
Government bonds were dull and easier
State bonds were dull and steady. Clos
ng quotations were: