The Indianapolis journal., 1891-12-21

by the six associated banks OF the city OF
their condition at the close of business
Dec Il. show that over 500. 900 of the re-
serve fund was taken from the vaults last
week and placed in circulation. The state
ment is as follows:
Loans S7.13s. .8237s
Deposits its..--..---...--.---. 1921 80
Reserve .............---..------. G.2a4.2729d
nenosiis E decreased d------.-- 192.209Ol
Reserve decreased ----------- Zio,o44.|
The banks hold 5000. 1850 cash in ex-
cess of the 33i5 per cent required by the
clearing house rule.
The comparative statement of clearances
and balances shows:
Dec. 10. 1891. Dee. 10. 1890
Clearances.- SS9s,9l6.1O 1888, sO4 "A
Balances--.--. 12O,SOO.27 7s,i3l.65
The business for the week ending Satur-
day. compared with the corresponding
week IN losO was:
Clearances.. GO, ,29I7s ss,sas, ,s42.99ss 9s
balances. 67S.S36.62 434,oSHlo
NEW YORK QUOTATIONS..
At New York, Saturday, money on call
was easy ranging from 2la TO 3 per cent.
the last loan being made at 2ls per cent.
closing offered at 2h per cent
Prime mercantile paper, 414 a per cent.
Sterling exchange was quiet and steady
at s4.s2hs for rIxty day bills and S4.s4is for
demand.
The total Gales of stocks were 1s6. .4s1
shares. including the following: Atchison,
s.1oc; Chicago Gas. 62o2: Delaware. Lacka-
wanna & Western, 24O0; Erie, 81. $40: Hook
ing Valley. 1850; Lake Shore. 2.O1O; Louis
vile * Nashville. $500; Northwestern. p
$40; Northern Pacific preferred, $500; Read
ing. $500; Richmond g. West Point. 4,234;
Gt Do ri ifo
The stock market was a 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 creates. favOrites abroad were the
most prominent IN the marget on tins side.
Nashville They were specially conspicu-
Gus. the first being again the
leader in point of activity. while scoring
marked advance, and the last making
the largest final gain of anything of the
active Inst. 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
up To the highest figures known in months.
notwithstanding the very Iiberalexpansion
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
gain. Among the low priced shares Cotton
OIL the Iowa Centrals. Central Pacific
and Hooking Valley led in the upward
movement, all scoring material ad-
vances. The st. Paul & Duluths
were weak, the preferred reacting Ia per
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
ings. when realizations on the advances
accrued caused some hesitation. The close
was still active and firm to strong. ut or
near the highest prices of the day. Among
the active shares the final prices show
small gains as q rule. but Louisville 81
Nashville is MP Ia, and Cotton Oil 1 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 wore
higher last evening. The total dealings for
the two hours were 50 102. 500, ont of which
the Atchison incomes furnished $780,. 900 and
the st. Louis. Southwestern trsts S123. 900.
Among the more important changes In quo
tations were Chesapeake ~ Ohio railroad
seconds per cent. to Is.
while State bonds were neglected. Closin z
iapa