The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-03
THE BUSINESS OF THE WEEK
Clearing House Figures Show that 1t
Was Less than That of Last Fear.
Grains of All Kinds Continue Dull, with Un-
important Changes in Figures-Current
Prices on Miscellaneous Produce.
MONEY n STOCKS.

Careful People Don't Have gToney In Bank
on April I-CIearings and Balances.
There wss evidently q goodly number of
people IN the city of Indianapolis who bad
taxes in mind on April /. who do not desire
TO hold up their hands aud make oath that
they had money In bank on that day. 1t
was probably for this reason that the av-
erage of bank deposits in this city on that
day was about half a million dollars less
than would otherwise have been the case.
Yesterdays clearings of the six associated
banks. as compared with the like date in
1891. as we'll as the weeks clearings. were
as follows:
Clearings for the 1892: 1891;
day..--..-.- sos. 25O.4O $629.S72.30
Jaiances.---.. 56,O39.2s 66.l24.59
Clearings for the
week~---.--.- s.s76,7e3.a2 4%,oao.Goo.oo
NEW YORK QUOTATIONS.
At New York. yesterday, money on call
was easy at 1h02 per cent. the last loan
being made at 2. closing offered at 2 per
cent
Prime mercantile paper, ga ash DER cent.
Sterling exchange was quiet but steady
at s4.S6A for sixty-day bills and S4.SS4 tor
demand.
The total sales of stocks were 255. 256
shares. including the following: Atchison.
Q,55s; Chicago Gas, 1900; Delaware. Lacka-
wanna d. Western. 500: Delaware Il Hud-
son. 2.ss5; Erie. $3.50; Lake Shore. $500;
Louisville & Nashville, 4,43O: Missouri Pa
cite. 1920; New Jersey Central. 2, 200; North
ern Pacific preferred. $500: New England.
q. $780,: Reading. 127. $40; Richmond 81 West
Doypt . Or. sc panI n TX. ITnicn paaiGc
2.4OO.
The stock market was unusually active
Saturday. hut nearly one-half the business
done was in Reading. and if the trading in
New England be also subtracted from the
total there remains but the usual quiet
business in the rest of the list. The open
ing of the market was made genera ly at
small fractional losses. but New York Gen.
trail was of l per cent, and the pressure
20 sell became immediately so heavy that
extreme activity marked the dealing. while
prices all along the line fell away rapidly.
Reading and New England, however. were
still the leading weak points. as well as
the leading active stocks. Sugar was the
only one showing any comparison TO them
in either respect. but the whole list shared
in the downward movement. though.
as usual, the fluctuations in most OF
the list were confined to fractional
amounts. Louisville * Nashville was also
" Ao va
q light business. and after a slight loss re-
acted and closed higher. Reading. after
opening UNCHANGED at 547s, retired to 53's.
and in the late rally. which was stimulated
by the favorable nature of the bank state
ment. IL recovered oil of it's early loss and
finally closed only n smalI fraction lower.
The other coal stocks followe cd their leader
closely, but Lackawanna was an exception
and. failing to rally with the others. il
scored the only material loss for the day.
New England fiuctuated in the same way
and over about the same ange.d dropping
t-om 42l2 to 407s, but closing at Ala. The
whole list. with the single exception noted,
responded to the late rally. and the final
changes were generally insignificant de-
clines, with a few small advances. Lack
awanna went down Ia per cent. The close
was fairly active and firm at the rally.
Railroad ponds were in no way as ami
mated or as interesting as stocks. and
while $4,000 changed hands. there was no
special activity among the speculative Is
sues nor fluctuations OF moment. A firm
temper marked the dealings. but no final
change of note occurred. The exports
OF specie from the port of New
York during the week amounted TO
S1.5I7,S20 of which ST24.270 was gold and
,S793,G $50 silver. The imports of specie dur
ing the week amounted to 1881, OS3, of which
SS65.3 4 was gold ond SIS. $40 silver.
The steamer Ems took S2S1 900 in silver
consigned to London.
Government bonds were dull aud steady.
State bonds were neglected. CLOSING