The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-12-20

Reserve decreased. '..... 213.644.77
The banks hold &. coo. 1850 cash in ex-
cess of the 33l5 per cent. required by the
clearing house rule.
The comparative statement OF clearancee
and balances shows:
Dec. 10. 1891. Dee. 10. 1890.
Clearances------Ss9s.9d 6.ao So33'so4a a
Balances. 12O,oOO.2I |o,l3loo
The business for the week ending Satur-
dsy. compared with the corresponding
week in loso, was:
clearances.. 90 .e64. 2e1.7s ss.s4s,s45.es
baianees----.---- oIo.530o2 45a,eoHIo
NEW YORK QUOTATIONS..
At New York, Saturday, money on call
was easy. ranging from 2l4 to 8 per cent.
the last loan being made at GA per cent.
closing offered at pa per cent.
Prime mercantile paper, 4s406 per cent
Sterling exchange was quiet and steady
ut s4.S2la for sixty day bills and S4.s4ls for
demand.
The total sales of stocks were 1S6, 4S1
rfaTes including the following: Atchison,
s.loO; Chicago Gas. 500: Delaware. Lacka-
wanna & Western. 2.40O; Erie. 80. go; Hook
ing Valley. 1850; Lake Shore. 2,010; Louis
VILE * Nashville. $500; Northwestern. p
$40; Northern Pacific preferred $500; Read
~
StPaul. 2.1s5: Union Pacific. 3.505.
The stock market was legitimate con-
tinuation Of those of the last few days,
there being still the very pronounced buy
ing by commission houses, while the sell
ing remained principally professional and
with no significance. The great feature of
the day was the continued purchases by
the foreigners. and the stocks which are
the greatest favorites abroad were the
most prominent in the marget on this side.
Among these were Erie, Louisville 81
Gus. the first being again the
leader in poins of activity. while scoring
q marked advance, and the last making
the largest final gain of anything of the
active list. The bank statement, while it
had no apparent influence upon the course
of prices, by reason of it's extremely heavy
gain in cash. bringing the surplus reserve
mp TO the highest figures known in months.
Notwithstanding the very liberal pansion
In loans. cannot fail to improve the tone of
speculation In the near future. Wabash
preferred was also again very active and
strong. further increasing Its Substantial
Oil. the Iowa Centrals. Central Pacific
and Hooking Valley led in the upward
movement, all scoring material adj
vanees. The st. Paul & Duluths
cent. The market in general opened quiet
but higher, and, while bear" pressure
caused the loss of the opening gains in the
early dealings. the concession was only
momentary, and the whole list soon re-
sumed its steady upward march. No signs
OF reaction were seen until the final deal
ings, when realizations on the advances
accrued caused some hesitation. The close
was still active and firm to strong, at or
near the highest prices of the day. Among
the active shares the final prices show
small gains as rule, but Louisville &
Nashville is up Ia, and Cotton OIL per
cent.
Railroads were again specially active.
displaying the same stubborn strength as
has been seen in the share list. While the
more prominent issues failed to score any
substantial Improvement, all prices were
higher last evening. The total dealings for
the two hours were 80 102. 500 ont of which
the Atchison incomes furnished 1862 900 and
the st. Louis, Southwestern tirsts 3l23, 900.
Among the more important changes IN quo
tations were Chesapeake IL Ohio railroad
seconds, per cent. TO 78.
Government bonds were dull and steady
while State bonds were neglected. Closing
quotations were:I