The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-11-26
MONEY ~ STOCKS.

A Comparison of Ciesrances and bainnces-
Deposits Growing Larger Every Day.
Cooler weather brings money into the
till of the merchant. whence it goes To the
wants of the banker. Deposits or this
class are growing larger, and will reach the
climax about Christmas. There Is a reason
ably fair local demand for currency. but
there is more money in the banks than
they care 10 hold.
Clearances and balances yesterday were
as follows. compared with the correspond
ing date of last year:
Nor. 25. 1891. Nor. o5. 1890.
C1earances--..--.Ss2s.4I1.o S557,204.0S
Balances..--.----- 156.5O5.OO o3,loo.oO
The banks will be closed to-day. as
Thanksgiving is u legal holiday.
NEW YORK QUOTATIONS..
AtNew York, yesterday, money on call
was easy, ranging from 3 to Ga per cent, the
last loan being made at 8. closing offered
ats.
Prime mercantile paper, sash per cent.
Sterling exchange was quiet and steady
Mt S4.sO& for sIxty-day bills and S4.s4 for
demand.
The total sales of stocks were 174.SS7
shares. including the following: Atchison.
$50; Chicago Gas, 12.000; Delaware & West
ern, I7,9is; Delaware * Hudson, 4.2f7;
Erie, Is, no.; Missouri Pacific. $500; Northern
Pacific. $3.50; Reading. IA, 400; st. Paul, 1865;
Union Pacific, 4,435.
The stock market yesterday was intense
~ dull throughout. rs usual on a day pre-
ceding a holiday. and the active stocks
fluctuated over an exceedingly narrow
range, with no feature of any kind to re-
lievc tho monotony. On the whole, the
tone was not firm. owing to some pressure
TO sell from the local trading element. even
though the foreigners were disposed 10
buy, and some covering of shorts" was
done preparatory to an extended upward
movement after the holiday. The early
dealings were rendered more animated by
the execution of the orders accumulated
during the period of interrupted tele-
graphic communication. but these were
not important, and failed to make any
marked movement in the list. The OPEN
ing was firm, and almost all the lead
ing shares scored fractional gains
in the first hour. but the COM
mercial stocks were laggards and
later developed considerable weakness,
which had the effeetsof encouraging the
pressure upon the rest of the list. The
grangers showed some animation, but their
prices were left at about the opening
figures. The DistiIlers W as especially weak
and fell from 5Sls to Sis, in which decline
Chicago Gas vas inclined to sympathiZe.
Cordage preferred however, rose from 9S to
&as. All these changes were modlfled and
the whole market scored a material change.
all the losses or gains being for fractional
amounts. The afternoon was intensely
dull. and the market finally closed dull and
steady generally at a decline from last
nights figures.
Railroad bonds were more animated than
shares, but there was the same narrow
fluctuations and no special feature except
the activity in Reading tirsts. Yesterdays
sales amounted TO 81, 1000. Investment
hOuses. however. report n good demand for
some of the old investment bonds and say
there is great difficulty in securing any at
anything like the last quoted sales. There
was only a few material changes yesterday.
Government bonds were dull but firm.
State bonds were dull and steady. Closing
quotations were: