The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-11-26
CONDITION OF THE MARKETS
Speculative Wheat Values Pegged Still
Lower by the Chicago Dealers.
Selling Nay and Buying December Options
Corn Goes Down in Sympathy-Easier
Feeling in Hog Products.
MONEY. STOCKS AND BONDS.
Heavy Selling of A~tchison-Trust Certif.
Gates Snffer from the ..f3ears.r

Heavy Selling of A~tchison-Trust Certif-
Gates Snffer from the BEARS"
NEW YORK, Nov. 25.-Money on call was
easy. ranging from 5 to 7 per cent. the last
loan being made at G. closing offered at 6
per cent.
Prime mercantile paper. 607l2 per cent.
Sterling exchange quiet and steady at
s4.s0s4 for sixty-dsy bills and Sass for de-
mand.
The total sales of stocks to-day were 270,-
a67 shares. including the following: Atch-
ison, SO. 229; Delaware, Lackawanna& West
ern. $500; Denver, Texas & FL. Worth.
5,594; Lake Shore, 500: Louisville & Nash
vile. 1900; Missouri Pacific. 1850; Northern
Pacific preferred. s.431; Reading. 16,O50;
Richmond 81 West Point. 1876; st. Paul,
$3.50; Union Pacific, 1870.
The stock market was only fairly active
to-day. and remained weak and declining
almost throughout the entire session,
though the fluctuations in the regular list
were confined TO small fractions, as a rule,
and the final changes are very irregular.
The influence Of the good bank statement
of Saturday. together with the improved
feeling o4 London on American stocks. was
W ~ tnO OpOiinSs nhiNh was SohOAoiiJ Nv
small fractions better than Saturdays
closing prices. There was considerable
realizing in the trusts to start off with, and,
under the lead Of Sugar Refineries. they
were all materially lower before noon.
Among the specialties there were also
marked movements in the DOWN. ard di-
~rection. and San Francisco preferred and
Denver, Texas& Fort Worth each ran off
over l per cent. The general list was very
little affected by these movements owing
to the continued, though moderate, pur-
chases by London houses. though Rich
mond & West Point developed most pro-
nounced weakness, and dropped off over 1
per cent. also. The feature of the la y was
then developed, which was the heav y sell
ing of Atchison. This was lone in the face
of the announcement of the success of the
reorganization made on Saturday. but there
seemed to be a party who nave been wait
ing for such an announcement in order to
dispose of their load of the stock at an adj
vantage. These sales were of course sup
2lemented by free offerings on the part of
the bears and traders. and the decline IN
the stock was not checked until the last
hour. when a drop of gig per cent. from the
best price of the forenoon had been scored.
Renewed weakness in Sugar helped to de-
moralize the list, but the concessions in
values were. in few cases. for more than
slight fractions. and in a few of the spe-
~cialties marked strength has developed.
Tennessee Coal rising over 2 per cent. and
Wisconsin Central and others small
amounts. The Chesapeake a. Ohio stocks,
after opening up fractionally, became
weak and all ran off materially. though a
partial reaction afterward occurred. Pacific
Mail was veal upon the probable
loss of their new steamer. but the news of
her final safety checked the decline. There
was some reaction from the lowest prices
in the last hour. and the market closed
fairly active and steady at something bet
ter han the lowest figures. The final
changes are very evenly divided between
small gains and losses, but Sugar is down
ia, Atchison, 1l2, and Oregon Short-line,
Id, while Tennessee Coal is up 234.
Railroad bonds were also moderately
active. the sales of all issues reaching
81, 565. 900. of which Gulf. Colorado Il Santa
Fe firsts contributed S3OS. coo, and the sec
onds. $50. 900. The general tone of the mar
ket was firm. but very few important gains
were scored. East Tennessee divisional
tiyes lost gig. at 109l2. and Ohio, Indiana e.
Western firsts. 2. at SO.
Government and State bonds were dull
and steady. Closing quotations were:
-Four per CT. reg...127 &C., b. * Q...--..-1O6
-Four per CT. coup..127 C., ST. L. IL P 15la
Four and a Los reg. 104ss c.. ST. l.. * p. pref. IS
Four and l2scoup105l 2 Fort Wayne-.----157
Pacific 6s OF 90 ll7i Illinois Central .117le
Louisiana st'pd 4s. 91alf.. b. 81 .-.-..... 9l9
Missouri 6s.----.--102 Lake Erie AZ West. 1919
Tenn. new set 6s..10S II. E.. Il W. pref. 63is
Tenn. new set S.. 10212 Lake shore. .......1O7i Il
Mutual Union 6s. 100 Michigan Central. 95
~. L-&I .gen.5s.. S43lO. & Mississippi. 22l2
st. L. S.F.gen.m III 10. 4 vi. pref.....-- 50