The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-11-28

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fairly active. and deposits are slightly in
creasing. Exchange is a little more plenti-
fuL. The clearances and balances, as COM
pared with a corresponding period of last
year, show more than the average increase.
They compare as follows:
Nor. %, 1891. Nor. %, 1890.
Clearances. .359.92 S7l3,520.74
BaIances..--.-.--- 163, 1923 52,S3S.27
NEW ORR QUOTATIONS..
AtNew York. yesterday, money on call
was easy. ranging from 8 to 4 per cent,
the last loan being made 1T 8, closing offered
tea.
Prime mercantile paper, 5G6l5 per cent.
Sterling exchange was quiet and steady
ats4.sOs4 for sIxty-day bills and S4.s334 for
demand.
The total sales of stocks were 219.9 56
shares. including the following: Atchison.
1920; Chicago Gas, 32.s95; Delaware& Lack
awanna, 6,72s: Erie. 1896; Louisville& Nash
VILE, $3.50: Missouri Pacific. $500; Northern
Pacific, $500; Reading. 1880; Richmond X
West Point, 4,515; ST. Paul. 16.s40; Union
Pacific, 1905.
The stock market was rather more ami
mated than was generally expected yester-
day. coming between a whole and a half
holiday and while the general tendency of
prices was down. it took considerable
pressure by the professional element, in
the absence of any buying of note, to ac-
complish the insignificant declines made.
The old tricks of circulating false rumors
were employed TO some effect. The opening
of the market was firm, with considerable
buying In the few leading stocks for both
London and the West; but the bears" soon
attacked Chicago Gas, and sold it down
with the repetition of the old rumOrs of q
successful competition with il in the city,
and also by stories or new suits TO be
brought against the company in the courts.
Whenever this pressure was relieved for an
instant, however. the inherent strength b of
the stock became apparent immediately,
and some sharp rallies were effected at
times. though the final result: of the days
trading in it was n material loss. There
were rumOrs alOat also of some large house
III trouble. and these gave considerable
weight to the selling, but sas soon as it be-
came known that the firm was Field & Co.
10 was discovered that many were short
of stocks and the market became stronger
Immediately. In the forenoon there was
some impression mad in New York Gen.
trail, which. after selling to lis. retired to
1875, but finally closed only a small frac-
ton lower than on Wednesday. The rest
of the list generally yielded fraetionally
10 the pressure, but New England
% - US
was as mysterious as all the moves
in that stock, but Joined by Distillers it
helped materially TO rally the list in the
afternoon. The announcement of the as
Segment of Field. Lindley II Co. was fol-
lowed by q marked change In the temper
of the market, and O few of the more stub
born stocks regained all the forenoon's
loss. Outside of the usually active list.
however. there was no feature to the trad
ing. and toward the close the attack was
resumed by the bears" with the purpose of
affecting the London market to-day. The
impression made by the raid was slight,
and the market closed within small frac-
tiOns of the previous nights figures.
though IL was dull and heavy at the time.
cent, hut Distillers. onsthe other hand,
rose . per cent. and New England l per
cent.
Railroad bonds displayed no settled tenn
per, but were in the main steady TO firm,
though the days operations are insignih-
can't as q rule. Commission-houses, how
ever. continue to report a steady growth of
the buying of investment bonds, and es-
pecially Of the better sort. The Reading is
sues were subjected TO some pressure. and
Sl.0.OOc of the first incomes changed hands
without depressing the price more than q
small fraction. The only other active is
sues was the Union Pacific, Denver X
Cult trsts. of which $4,000 were sold, de-
pressing the price from as to SO. the trans
action being one of the complications aris-
ing out of the failure of Field. Lindley x
20. No other change of note was seen.
While there was O widely distributed busi-
Sl.39S. 600.
Government bonds were dulI and steady,
while State bonds were dull and feature
less. Closing quotations were: