The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-11


Weekly Clearing House Statement
At the close of business. Jan. s. the con-
dition of the six associated banks of the
city. as reported to the clearinghouse. was
as follows:
Dep0slts--- -----.--..-.----------- V'oSa,c4l.<o
Reserve o,lS9,457.24
Loans. increase --..------.------ lSo, Io5-Il
Deposits, increase 4,4S7.26
Reserve, decrease 45,470.17
The banks hold s2,5S6. S37.5l cash in ex-
cess of the 33l3 per cent required by the
clearing house rule.
The daily comparative exhibit of clear
ences and balances shows:
Jan. 8. 1892. Jan. Q, 1891:
Clearances-- ---.Ss40.337.46 $717,640.s4
Balances.-.---. 155,932.32 56,92l.O9
For the week ending Jan. Q. as compared
with the same week last year, the amounts
were:
Clesrances. q, 27o,667.4e s4.72e,252oe
Balances.-.-.- 699, S4l.35 4lI,SZI.ao
NEW YORK QUOTATIONS..
At New York Saturday money on call
was easy, with no loans closing offered at
per cent.
Prime mercantile paper, 4la G6 per cent
Sterling exchange was steady &C S4.s2&
for sixty day bills and Sass for demand.
The total sales of stocks were POI .S14
elares. including the following: Atchi-
son, IL. $50; Chicago Gas, $500; Delaware.
Lackawanna & Western. $40; Erie, 1866;
Louisville g. Nashville. 1880; Northern
Pacific preferred. 6.205; New England, a.
BIS: Reading, 10000; Richmond & West
Point. 4.175; St Paul, s.425; Union Pacific.
5.575.
The stock market was still very active.
but the feverishness and irregularity
which marked Fridays dealings were also
present. and undoubted heavy realizations
contributed TO make q general heavy tenn
per. The liquidation was especially prom
Inent in Louisville & Nashville Atchison
and New England, while the strong spots
In the list were confined to the coal shares,
the industrlals, and few of the low-priced
Bpecialties. The market as whole was
much narrower than usual of late, and q
few of the more prominent shares received
the greater portion of the attention. The
opening was strong. at fractional advances
over the previous nights figures. Missouri
Pacific showing gain of Y per cent. but
after further fractional gains. in which Chi
cago Gas led. there was o general decline.
which was really checked only with the
close OF business. Louisville Il Nashville
took the lead In this movement but New
England soon joined and the whole list fol-
lowed, with the exception of Richmond IL
West Point, the coalers and a few of the
low-priced shares, though q suspicion that
New York * Northern might not come in
for any benefit from the New England deal
caused material reaction in It and it set
tied away from 26la at its best yesterday to
%. Manhattan also showed the same infiu-
ence at the close. Its final bid being 2 per
cent below its last sale. The jump in
the coalers developed great activity In
Reading, but the improvement in price was
of no Importance. The market finally
closed heavy and active to weak, at about
the lowest price: of the day. The only
final losses of Eote, however. were 1 per
cent. In New England and 70 in Louisville
* Nashville. which rallied slightly toward
the end of the session.
Railroad bonds showed little of the reac-
tionary temper. and. while the amount of
business done was not equal to the average
of late, the strength of the list remained
unabated, and few material gains were
seen. The only decline of note wac 2 per
cent in Erie funded fivea
Government bonds were dull and firm.
State bonds were entirely neglected. Clos