The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-03-10
MONEY AND STOCKS.

Indian aysolis Clearings Continue Small as .
Result of the Recent Street-Car Tie Up.
The clearings of the six associate banks
of indianapolis continues on the ebb-tide
o. compared with the like dates in 1891.
Yesterdays clearings amounted to but
s497. 1892 with balances of S33. 1906. For
the corresponding date last year the clear
ingb were 5000, sos. so, balances S74, 9lZ69.
The demand for money Is somewhat i'm
proved at the current rates of 70S per
O. Mt
NEW YORK QUOTATIONS..
At New York yesterday. money on call
was easy at 1l962 per cent, the last loan
being made at 2; closing offered at 2.
Prime mercantile paper, 4055 per cent.
Sterling exchange was quiet but steady
at s4.S5la for sixty day bills and s4S7ls tor
demand.
Total sales of stock were 34o.474 shares,
including the following: Atchison, 6.900;
Delaware. Lackawanns & Western, $685.
Erie. 1890; Lake shore. 4.145; Louisville
81 Nashville. 1920; Northwestern. 5.542;
Northern Pacific preferred, 4.so0; New
England, 81, $50; Reading, 70.170; st. Paul,
$4,000; Union Pacific. s1S7; Union Pacific,
Denver & Rio Grande. 4.476.
The stock market yesterday gave addi-
tional evidence that the outside public
now stands aloof from the speculation. and
the trading during the day was undoubted-
ly the result of the manipulation OF both
sides. There was free selling of New
England and Reading and a few special
ties for some time. but under cover of these
sales liberal covering was INDUCED in. A
sharp movement in the cosIers and Wander
bilts followed. in which the whole list sy m
pathlzed. With the cessation of the buy
ing the market sank into dullness and all
life disappeared from the list except in q
few spots. among which New England be-
came prominent. The grangers with the
single exception of st. Paul, were very
quiet. and the shorts put out Tuesday on
the dividend scare in st. Paul were large
ly taken in again yesterday. The only
other feature of the days operations
was the activity In Reading, which
was held between 81 and So almost the en-
tire session. More animation was seen
among the industrials and q stronger
temper. but the general list presented no
feature worthy of note. The opening con-
timed the change In temper begun late
Tuesday evening. and while New England
WAS up liz. Reading l Is and Jersey Central
/ per cent, the general list showed ma
terIal gains. ne upward movement re-
celved only O tenn porary check by the at
tacks on Reading. New England and the
industrials, but soon the whole list was
advancing. though slowly. except in
the few leaders One of the most not
able movements was a sharp spurt In Lack
awsnna from 15S to 161. while among the
specialties the Susquehanna 81 Western
stocks, Denver * Rio Grande preferred,
Buffalo, Rochester IL Pittsburg, Union
Pacific and Denver 81 Gulf all made special
advances on an increased business at diff
ferent times during the day. The market
finally closed active and firm to strong ut
about the highest prices reached. The
whole list is higher. anu New England is
up 24s; Cordage. 2ls; Lackawanna, la;
Sugar, las; Reading, Ia; Louisville IL
Nashville, Ia. aud Union Pacific. lis.
Railroad bonds were fairly active. with
the usual firm temper and small tluctua-
tiOns; among the most prominent specu-
lative issues. Richmond 81 West Point
fives. the Reading issues and Atchlson in
comes were all active. Only the first
named scored any material advance. They
rose steadily and TO 64l3. The sales were
CT $685. coo.
Government and State bonds were dull
and steady. Closing quotations were: