The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-12-17
MONEY AND STOCKS.


Continual Inflow of Money Comparison
of Cleararces and balances.
Local bank clearances continue to run
large. The showing yesterday. as COM
pared with like date in 1890. was as fol-
lows:
Dec. Is, 1891. Dec. 10. 1890.
.S926.3I1.5 S622.599.69
Baances- ------. 127,OS7.44. 79,1ll.Oo
The banking business continues quiet,
with o steady inflow of money. increasing
che Accommodations in the vaults. The bor-
rowers are fewer IN number than might be
accommodated at 76S per cent. on we'll
secured paper.
NEW YORK QUOTATIONS.
AtNew York. yesterday, money on call
was easy. ranging from pa to per cent.
the last loan being made at per cent;
closing offered at 8 per cent.
Prime mercantile paper, 4aa1G6 per cent
Sterling exchange was quiet and firm at
s4s3 fer sixty day bills and s4.s5 for de-
msnd.
The total sales of stocks were 224, 4S3
shares. including the following: Atchison.
7015; Canada Southern. $3.50; Chicago
Gas. 19, 100; Erie, 9,90e; Missouri Pacific.
$3.50; Northwestern. 5.373; Now York Gen.
trail. $500; Northern Pacific preferred. "a
800: New England. 3,10O; Richmond & West
Point. 500; st. Paul. 1920; Union Pacific,
1900.
The stock market was again moderately
strong. with specially wide movements in
a few stocks. The buying. more than usual
of late. was made up of commission deal
lngs. The volume of business was not SO
large, though footing up q respectable
figure. In the early dealings Rock Island
and Chicago Gas were very conspicuous.
Later in the day Northern Pacific preferred
became prominent for strength. while the
grangers assumed q commanding position,
beng taken largely by the Western oper-
ators. st. Paul especially making substan-
tial progress. followed by Northwestern,
which felt the stimulus of the late deal.
Boston was liberal buyer of it's special
ties. Burlington X Quincy and Union Pa
cifc, with asprinkling OF Atohison. Among
the unlisted industrials both the Sugar
stocks and the Lead stocks were active.
While the latter were strong the former
wore weak. The general list opened with
srall gains as n rule over last nights
figures, and slowly advanced without
making any marked improvement. but the
realizing in the final trading caused the loss
Of many Of the early gains. The strong
stocks. however, were held well up to the
best figures. Among the inactive shares
Kansas * Texas preferred and Manhattan,
the latter selling ex. dividend. which was
recovered. with something in addition,
were most conspicuous for strength. The
market closed rather heavy at slight con-
cessiOns from the best prices. but most
stocks still showing fractional gains for
the day. Chicago Gas is mp Us tonight
and Northwestern per cent.
Railroad bonds showed q continued IN
crease in the demand for all the leading
issues, and the sum of the transactions was
greater than for any day for months while
prices showed q steady Improvement in all
portions of the list. The strength was
more pronounced than in shares and better
maintained through the day. The sales
reached S2.515 COO. and the Chicago q Erie
incomes were again specially prominent for
both activity and strength.
Government bonds were dull and easier
State bonds were dull and steady. Closing
quotations were: