New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-08-30
CLOSING PRICES OF CALIFORNIA STOCKS
San Francisco, August 20
Rid Asked.
THE MONEY MARKET contested.
Thursday, Aug. 20

Thursday, Aug. ~ p M
At the regular noon opening of bond offerings
at the Treasury in Washington to-day, offers for
only S121, $50 As at 1913 and 81 300 l.2s at
06 7.8 were received. Later telegraphic orders
were received so that the acceptances covered
S2,131, 900 As at 1873 and 81, $500 1-2s at
06 rs total Of days purchases S3144.150. MAX
ing total purchases since the money squeeze be-
gan about 81 900, 900, calling for disbursements
of about $4,000, 900 cash. AS the payments
already made there is some 100000 more yet
to be paid on purchases made-have congested the
money market with loanable funds so that the
rates again are low, we shall not be surprised if
the offerings now fall off. As near as we can
calculate we should think the syndicate, or what
ever name one pleases to give, had supplied about
$4,000, 900 of the bonds purchased during the
last week. so that from $4,000, 900 to s1O.0OOO0O
remain to work the automatic financial machine
if money again should 90 to 5a6 per cent, only 1t
is probable that the Secretary Will have learned
from the experience of the last week that l2S is
too high TO pay for the per cents When MONEY
rules at per cent
THE DAY IN THE STOCK MARKET.
The stock market to-day was as active as it was
yesterday, and generally ruled firm But the
seemingly unprotected. These are the moments
when the bears attack values. But today
there was no little realizing of profits by profes-
slOnal traders VINO were lOuS VI SOOSh,' ih"V
the regulation afternoon " bear raid was the
occasion of the closing figures in some Instances
being l-4a3-s per cent below last nights prices
The final changes, however, were not very I'M
evenly divided, and generally there was no sig
nificance in either change. The Northern Pacihcs
made further material advances, and only par
tally reacted from their extreme highest figures
Oregon Railway and Navigation rose to 100 J.?
and STAYED there Union Pacific scored final
advance of IA per cent. Missouri Pacific rose
2 As TO "a 1-2 and closed at 10 5-s, and Atkinson
after an advance from 81 1-2 to 80 lis closed at
80 So
The Big Four common stock during The last
few DAYS has worked waakish in the market and
there has been some selling of it short The
reason for the stocks apparent heaviness IS that
there is some storytelling Of no dividend IN
October going the rounds. In the meantime
some Of the insiders who know all about the
propertv and what it is doing, and who: think
The common stock is better than the limited per
cent preferrcd stock ore improving the opportunity
TO exchange their preferred stock for common
stock at difference Of &c per cent; if they were
not the assured per cent preferred stock Wouiu
not be han ing long below 02. The bus mes again
was well distributed, only three stork-, Mchlson;
Missouri Pacific and Northern L cifc preferred
attracting attention because Of tn amount OF
advances Generally the market closed dull ana
strong at the figures.
WHAT WAS DONE IN BONDS.
A sale Of $40, 900 4 per cent Government BOMBS
at lbs IS is reported at the Stock ENchlh4e.
II bears a suspicious appearance, particularly as
the syndicate reduced its bids for coupon l-2S
and As Is Der cent. Annexed are the nomlhal
quotations: