The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-10-22
MONEY, STOCKS AND BONDS.

Short Interest Has Everything Its Own Way
Heavy Decline I'm the List
NEW YORK. Oct. 21.-Money on call was
tight. ranging from 8 to IL per cent. the last
loan being made at 6 per cent, closing
offered at 3 per cent
Prime mercantile paper 512G7 per cent.
Sterling exchange quiet and weak at
S4.e1i2 for sixty-day bills and SASSY for
demand.
The total sales Of stocks to-day were &c.,
$50 shares. including the following: Atchi-
son, 14.460; Delaware, Lackawanna& West
ern, 1886; Erie. 4.440; Lake Shore. 4,736;
Louisville 81 Nashville. 1913; Missouri Pa
cifc, 800; Northwestern; 1856; Northern
Pacific preferred, 1885; Reading, 56,40O;
Richmond 81 West Point. 4.53s; st. Paul,
22.365; Union Pacific. 5,270; Western Union,
5,943.
The stock market was more active but
decidedly weak to-day, and the declines
made were very material. reaching all por-
tiOns of the list, although the trusts.
rangers and coal stocks are the principal
sufferers. 4 variety of causes contributed
to this end, though the persistent attacks
of the bears under cover of the high rates
Tor money were most, effectual IN bringing
1oOab viz u " 0Ao
them this morning there were not only the
threatened opposition to the Sugar Trust
by Spreckels, but the public attention
of the statistics of the coal trade
and the late decrease in the earnings of the
grangers. New cuts In rates by the Bur-
hngton & Northern. and some opposition
to the Atchison plan. which has developed
In London. We're unfayorable factors. The
opening of the market was tame and
heavy. and bears" began the attack by
paying special attention to Sugar, Cotton
Oil, Lackawanna, Rock Island. and Chi
caRo Gas. The traders lent their influence
to the bears and there was undoubtedly
considerable long stock dislodged, while
the uncovering of several stop orders ac-
CELEBRATED the drop. The pressure upon
the coal stocks was especially severe
toward noon. but later the attention
was transferred to National Lead and Mis-
souri, Pacific. Among the specialties, how
ever, Tennessee Coal, Manitoba, Delaware
d Hudson and Jersey Central were most
conspicuous for the declines established.
the decline by the covering of shorts" put
out earlier in the day, and money also
eased up. dropping to q per cent. against IL
during the early demand. The improve
ment, however, was of small proportions.
and the market, while becoming somewhat
quieter, made no rally of Importance ex-
cept In Jersey Central, which here recov-
cred about all of the loss. The market
ctOseu neaVy at something Dctter tnan the
lower prices. The entire active list
is materially lower this evening, and the
most important declines were: Sugar, 3lS:
Delaware Il Hudson, 234: Manitoba, 2la;
Lead and Cotton Oil. each, 2ls; c., c., c. &
II. L.. Burlington (ex). each, 17s; Lacka-
wanna. ia; Transcontinental, 1os; Northern
Pacific preferred and Lake Erie & Western
preferred, lie each: Missouri Pacific. 13s;
Northwestern and Lake Shore, each" III;
Reading. St Paul and Chesapeake 81 Ohio
seconds preferred. each, lis; Rock Island
and Union Pacific, each. / per cent.
Railroad bonds were dull, as usual. The
sales of all issues aggregated $4,000.
Government and State bonds were dull
and steady. Closing quotations were:
Four P per e. coap..i57 q. ST. st. 1. 4 ( E P pref. 5 SEA
-Four and a Los reg 1051s Clev. & Colu'bus.- ..-..
-Four and los couples y Fort Wayne.....156
Pacific IS OF '95. liz p Illinois Central. III
Louisiana st'pd As. S9lslI., b. & w. Gig
Missouri Gs........101 Lake Erie & West. 1S
Tenn. now set. Is -107& l.. K. IL w. pref. 6las
Tenn. new set. 5s.- 102 Lake Shore..--.-1O4os
Mutual Union 6s. 1929 Michigan Central. 81
stL. * j. NJ. gen. IS S5lalO. * Mississippi. 223s
st-L- d ST. gen. MILO 10. IL M. pref. 50
Adams Express-..15O Peoria, ID. q E.. 20
Alton d T. H.. a. Pittsburg.
Alton * I. III pref los pullman Palace. 1921
American Express116 lC.S Express...--. 90
Ches. * Ohio.-..-. 25lslW., 81. l.. Up. l6lo
c. IL o. pref. lists. 64lclw., ST. L. d P. pref 3Oa
c. * o. pref. DDS :. 43&lWelle Il Fargo Elk 1876
Chicago q Alton -127 Western Union.... S37s
C.. b. &Q.----..104L
NEW YORK, Oct. 21.-Bar silver, 93ssc-