The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-04
MONEY AND STOCKS.

Careful People Don't Have Money In Bank
ON April 1-Clearin9S and balances.
There was evidently o goodly number of
people In the city of Indianapolis who bad
taxes in mind on April i, who do not desire
TO hold up their hands and 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 ave 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:
cifayinss ior the s7os,256.4o so25.s2a.so
Balances...--.- 66.039.2S 66,124.s9
%eeEs s,s3s.7sg.e2 4.eSaae.99s.e 90
NEW YORK QUOTATIONS..
At New York. yesterday, money on call
was easy at 1hG2 per cent. the last loan
being made ct 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.ssA tor
demand.
Inc tOtdl safes U StOCh5 WcIo oo.%Oo
shares. including the following: Atchison,
9,55s; Chicago Gas. 1900; Delaware. Lacka-
wanna 81 Western. 500; Delaware & Hud-
son. 2.sS5; Erie. 9,790: Lake Shore. $500;
Louisville & Nashville. 4.430; Missouri Pa
cific, 1890; New Jersey Central. 2, 7OO; North
ern Pacific preferred, $500; New England,
1850: Reading. 127.s4O; Richmond e. West
Point, 2.377; st. Paul, 6,735; Union Pacific.
2,4OO.
The stock market was unusually active
Saturday. but 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
small fractional losses, but New York Gen.
trail was Off i per cent, and the pressure
TO 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. Blu 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
conspicuous Tor It's STUBBORN stren3tn on
o light business. and after O light loss re-
acted and closed higher. Reading. after
opening unchanged at 547s, retired to 53as.
and in the late rally. which was stimulated
by the favorable nature of the bank state
ment. it recovered all of it's early loss and
finally closed only a email fraction lower.
The other coal stocks followed their leader
closely, but Lackawanna was aD exception
and. failing to rally with the others. it
scored the only material loss for the day.
New England fiuctuated in the same way
ana over about the same range. dropplne
from 42ls to 407s. but closing at Ale. The
whole list. with the single exception noted.
responded to the late rally. and the final
changes were generally insignificant de-
clines, with q few small advances. Lack
awanna went down Ia per cent. The close
was fairly active and firm at the rally.
Railroad bonds were in no way as ami
mated or as interesting as stocks. and
while $50. 0C0 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
S1.5l7. $50 of which S724.270 was gold and
1898, $50 silver. The imports of specie dur
ing the week amounted to 1881. OS3, of which
$685.. 34 was gold and S15. 649 silver.
The steamer Ems took S2Sl, 600 in silver
consigned TO London.
Government bonds were dull and steady.
State bonds were neglected. CLOSING