The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-02-04
LONE AND STOCKS.
The Usual Increase In Clearings-A Steady
nna

The Usual Increase In Clearings-A Steady
business.
Bankers continue to chronicle increasing
deposits. with no increase in the demand
for money by borrowers. The clearings yes
terday amounted to $3.50. S36.O6; balances.
SIS. 760.59. On the corresponding date last
year the cl~earings were S65l ,521. Ga; balances.
s7y,022.5O.
NEW YORK QUOTATIONS.
At New York yesterday money on call
was easy at la to 2 per cent, closing offer
ed at 2 per cent.
Prime mercantile paper, Slk per cent
Sterling exchange was quiet but firm
at S4.s4a fer sIxty-day bills and s4.s64 for
demand.
Tie total sales of stocks were S49,723
shares. including the following: Atchison.
20.37O; Chicago Gas. 2O,056; Delaware. Lack
awanna * Western, 1850; Erie. 6.l2O;
Hooking Valley. 1910; Louisville IL Nash
willie, 1850; Missouri Pacific. AGO.; North
western, 1870; Northern Pacific preferred.
s,05s: New England. 1927; st. Paul. q. 900;
1T Paul IL Omaha. APIS: Western Union,
1902; Union Pacific, 9.229.
The falling of in the exports of grain Is
having considerable influence In the stock
market. and indicates that there viii be q
oa e1S
during January and February. The feel
ing of confidence that the exports will soon
again become large continues, and that
there will be q corresponding Improvement
In the prices of railroad securities is not to
be doubted. The market was feverish and
very much mixed all day. and the good
buying of Western Union. Manhattan.
Wheeling 81 Lake Erie preferred and Lake
Shore In the forenoon was more than offset
by the heavy selling in the indnstrials and
Atchison. Union Pacific and Louisville ~
Nashville later IL the day. although the
effect for some time. There seems
to be q strong impression that
there will be an increase in the
dividend on Western Union when the next
stock is very pronounced, aided by the i'm
preston that the Gould interest Is now
ranged on the bull side. The depressing
influence. however. came from Chicago.
and was exeIted most vigorously IN the in
dustrial stocks. with which that center is
identified, but the grangers came In for
their share of the losses IN the afternoon
drive. which brought the prices of many
stocks down to q lower level than they
have been in some time. DIstillers were,
of course, the most prominent, and while
well held for some time after the opening
decline. they gave way with q rush In tho
afternoon. accompanied by Chicago Gas
and the Cordage stocks, whose high prices
invited an attack. The extreme loss
In the latter was 35 per cent, while
the others were not far behind. Among
the railroad list Louisville 81 Nashville
continued to yield right from the opening.
while New England, after n weak spoil in
the forenoon, was held quite firm against
the weakness of the rest of the
market during the remainder of the
day. Burlington was q feature OF the late
drive. but its early Improvement prevented
any material loss for the day. TIL rest of
the market. after q steady opening, devel-
oped considerable strength, but the adj
vances were only fractional and the de-
mand was at no time urgent. so that with
the pressure brought TO bear by the
bears prices yielded slowly all along the
line. The CONCESSIONS were in no case
material outside of the shares mentioned,
and q slight rally occurred In the last hour.
The market closed heavy to weak, how
ever. at or near the lowest prices. The
Cordage stocks were specially weak In this
last drive, and the common lost 81 per
cent. Other material declines were: Dis
tillers. 2s; Chicago Gas, 2; New England,
1%; Louisville ~ Nashville. III; Union
Pacific. l per cent. Hooking Valley was
remarkable for it's strength In the after
noon, and it scored o net advance of / per
cent, but the other low-price shares were
In no way remarkable during the day.
Railroad bonds were again more aui-
mated, but there was considerable selling
of the speculative issues. and while the
majority of the list showed q firm temper.
the advances, were few in number. and
some important declines were established.
Atchison incomes contributed $3.50. cor, and
Union Pacific $4,000 to the days total of
$685., 900. Iowa Central firsts lost l. at 81.
and Edison Electric !. at 101l2. Long Island
lives rose 1. to o.; Kansas City & Pacific
tirsts. 1. to &c Wabash trsts. Ia. TO 1854.
Government bonds were dull and firm.
State bonds were dull and steady. Closing
quotations were:
Four per cent. reg116lslLouis. & NASH 72ss
-Four per CT. coup..1l6AlL L. IL New Albany 277s
Pacific Us OF '93--109 Missouri Pacific. 62l2
Atchison----.- 39la \. J. Central,::.~.1l5