The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-11-27
MONEY. STOCKS AND BONDS.
The Market Confined to a Few Specialize
Queer Freak I'm 'sFrisco."

The Market Confined to a Few Specialtfes
Queer Freak In Frisco"
NEW YORK. Nov. 26-Money on call was
easy, ranging from 4 to 6 per cent. the last
loan being made at 4. closing offered at 8
per cent.
Prime mercantile paper. 60712 per cent
Sterling exchange quiet and steady at
S4.s0s4 for sixty-day bills and S4.S5 for de-
mand.
The total sales of stocks to-day were u.s.
0ol shares, including the following: Atch-
ison. 81, 055; Denver, Texas & FL. Worth.
1925; Lake Shore. 2,454; Missouri Pacific,
11.9l0; Northern Pacific preferred. $3.50;
Reading. $500; st. Paul, 24,SO0; Union Pa
cific. 1850.
The stock market was quiet in all it's do
partments to-day. and while the general
list was moved back and forth within the
narrowesr limits. there were a few marked
movements by less than a half dozen stocks.
which gave the trading all the character it
possessed. The operators now interested
in the market have assumed q waiting at
titude. and the bears" are afraid to make
such drives as they have been in the habit
Of doing for the past two months. and COLI
fine their operations to sp ecial stocks.
which they ave reason to believe are par
ticularly vulnerable. There wasIess pressure
upon Atchison to-day, though the stock
was still the most active one OF the list,
and. while it retired to still lower figures
than it reached yesterday. the liquidation
was apparently ended. There was some
selling for Boston account. and also some
short stock put out, but the covering of
shorts" was a large proportion of the
buying. with a liberal sprinkling of pur-
chases for q turn on the bull eide. New
England wss a marked contrast to Atchi-
son, and it was specially strong. especially
in the afternoon, and it was one of the few
stocks showing material advance. this
evening. while it was second only TO
Atchison in mount of business done.
Ontario g. Western. after occupying q
prominent position for two hours.
dropped out Of sight almost entirely. and
the demand for the stock suddenly disap-
peared. Among the other low-priced spe-
cialties Denver. Texas & Fort Worth was
most prominent, a after q further recess
sion to 80 it ia pidly rallied, and rose 8 per
cent. on a large business. Missouri Pacific
came In for some attention from the
bears" but its fluctuations were small and
unimportant throughout the day, and its
final change insignificant. The weak
points in the list were San Francisco and
Jersey Central. but the former was most in
teresting. and the preferred stock
especially. The common sold at
%, against "a some time last week,
and as low as ID was bid for it,
though nc stock came out below 20.
The preferred opened at 4S12, against 4914
last evening, and declined TO 45l2, finally
closing at 4614. with a net loss of 3 per cent.
Those who should know could give no rea-
son for the drop. but there were numerous
rumors afloat. such as discussions in the
board of directors. the resignation of the
president and the suspension of dividends,
against which the officers say that the
question of a dividend has not been dis
ever before In the history of the company.
Tennessee Coal resumed its upward march.
and reached still higher figures han ever
before. The feeling was mixed at the OPEN
ing, and the subsequent operations,
except in the stocks mentioned,
were of little consequence. and the
close was quiet but firm at insignificant
changes for the day. Tennessee Coal is up
SD; New England. 81. and Denver. Texas
preferred is off 8. and Jersey Central. III.
Railroad bonds were quiet and generally
firm to-day. but there was little feature be-
yond the activity in the Kansas Il Texas
issues. the SKIES furnishing $4,000 ont of a
total days business of S1.5S3. 900. and the
Gulf. Colorado IL Santa Fe firsts S19S. 0OO.
The fluctuations and final changes among
the general list were entirely insignificant
Government and State bonds were dull
and steady. Closing quotations were:
-Four per OF. reg-.-127 lC, B.& Q.-----106ls
KOnr npP Qf c0pn loI O. 81 L IL