The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-02-06
LOCAL FINANCE AND TRADE
Clearings Show the Lightes! Business
the City Has Known for along Time.
Grains Continue Firm, with an Advance Of
Cents in Wheat and l Cent in Oats-Other
Articles Quiet aud Unchanged.
MONEY AND o C

Gu trent Ciearings Drop Considerably Below
Last Years showing-Yesterdsy's Figures.
The clearings yesterday amounted to
only $50. 309.5s: balances. s43.2S5.12. The
clearings for the corresponding date of last
year were SOS. 604.3; balances, 67,36609.
NEW YORK QUOTATIONS.
At New York yesterday money on call
WINS easy at la to 2 per cent. the last loan
being made at Ia, closing offered ut per
cent
Prime mercantile paper. sls05ls per cent
Sterling exchange was quiet but firm
At s4.s5 for Exty-day bills and s4.s7 for
demand.
The total sales Of stocks were 440,S95
shares. intending the following: Atchison,
74.61o; Chicago Gas. $3.50; Delaware. Lack
awanns & Western, 31.620; Erie. 1880;
Louisville & Nashville, 27,Oo0; Missouri
Pacific. 1,730; Northwestern, 7.766; North
American. 5.120; New York Central. 1o,s1o;
Northern Pacific preferred. 6.6l5; Reading.
5000; New England. 1911; Richmond &
West Point. 1926; st. Paul, 1890; St Paul
* Omaha, 2, 40; Union Pacific. 1850; West
ern Union. 22.514.
There was o marked Improvement in the
AAP "a tAO clOkA A1nAACN oAa ocokANS
the ~trenuo efforts of the bears to con-
tinue the decline of Yesterday, they were
clearly outclassed. and in the stocks which
attracted attention material gains were
scored as the result OF the days operations.
On the other hand there was free realiz-
ing in some stocks. and the bond market.
which has of late been steadily tending
upward. yielded to the pressure brought TO
bear upon the Atchlson securities. The
last named were by all odds the most prom
inenL feature of the day. and especially
during the forenoon they had q marked Of
feet for wi for the market. The coal stocks,
however, came TO the front, and by their
pronounced strength and sharp upward
turns the general market was brought out
of its condition of lethargy, In which it
had remained during the day and showed
q general Improvement in values. The
granger were rather sluggish throughout
the day. and st. Paul was pressed for sale
TO some extent. but Louisville u Nashville
responded to the changed condition of the
foreigners. and also TO the disappointment
of the bears over It's good showing of earn
ings. Edison opened up to 104. but realiz-
ing on the advance caused by the new COM
bination sent it back 10 Thursday nights
price. The general market opened active
and higher, but the realization in the
Atchison securities and their material
the whole list. and fractional losses
were the rule. Distillers. however,
after o decline of la per cent.
rallied over 3 per CENT, and lifted
the rest Of the list slowly. and when
the movement IN the coaiers and West
ern Union began everything responded
with more substantial gains The fiuctua-
tions in the general list. however. were in
significant In most cases. and the final
changes, while generally advances, were
without Importance. The close under the
stimulus Of the advance in the coalers was
very active and strong at the highest
points. There were no declines of note,
and Jersey Contra and Delaware * Hud-
son each rose 2zs per cent; Distillers, 2ls;
Louisville IL Nashville. lie. Reading. "a.
and LAckawanna and Western Union each1
per cent.
Railroads were affected by the heavy
oscillations in Atchison incomes. but the
latter. after dropping from 61& TO SO, re-
covered and closed unchanged at Coz.
They contributed the amount of 81, 5000 o
TO the days total of 1855 600. The Read
ing issues were strong on the settlement,
and sl scored material gains.
Government bonds were dull and steady.
State bonds were entirely neglected. Clos
ing quotations ware: