The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-10


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 clearing house. was
as follows:
Loans ---.----..--..-------'--. Sa,3ao'4oo.od
Deposits 1883 ,S4I.ZO
heserve-- o,IS3,4oa.z4
Loans. increase --..-..-..--.--- Loo, .0o.n
Deposits, increase -..-----.. 4,497.26
Res erye, decrease 40,4IOI|
The banks hold S2,5s6. s37.51 cash in ex-
cess of the 33ls per cent. required by the
clearing house rule.
The daily comparative exhibit of clear
ances and balances shows:
Clearances.- -.$e4O,3374 6 $711,64O.o4
Balances.-----.. 15S,932.32 56,921.O9
For the week ending Jan. 9, as compared
with the same week last year, the amounts
were:
Balancess@..... ess.sli.s5 4iSoS7.GS
NEW YORK QUOTATIONS.
At New York Saturday money on call
was easy, with no loans. closing offered at
8 per cent.
Prime mercantile paper, Az 06 per cent
Sterling exchange was steady at S4.s24
for SIXTY day bills and s4.s5 for demand.
The total sales of stocks were go. S14
shares. including the following: Atchi-
son, 1855; Chicago Gas, $500; Delaware.
Lackawanna & Western. $40; Erie, S,s65;
Louisville d Nashville. 1880; Northern
Pacific preferred. 6.205; New England, 49,
215: Reading 10000; Richmond & West
Point. AIS; st. Paul, s.425; Union Pacific.
5.575.
The stoc k market was still very active.
but the feverishness and irregularity
which marked Fridays dealings were also
present. and undoubted heavy realIzations
contributed to make general heavy tenn
per. The liquidation was especially prom
inent in Louisville Il Nashville. Atchison.
and New England, while the strong spots
in the list were confined to the coal shares.
the lndustrlals and few of the low-priced
specialties. The market as q whole was
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 q per cent. but
after further fractional gains. in which Chi
cago Gas led. there was general decline.
which was really checked only with the
close of business. Louisville 81 Nashville
took the lead In this movement, but New
England soon joined and the whole list fol-
West Point. the coalers and a few of tho
low-prlced shares, though q suspicion that
New York & Northern might not come in
for any benefit from the New England deal
caused a material reaction in 1t and IL set
tied away from 26l9 at its best yesterday to
% Manhattan also showed the same inf1u-
ence at the close, it's final bid being per
cent. below its last sale. The Jump in
the coalers developed great activity In
Reading. but the improvement in price W as
of no Importance. The market finally
closed heavy and active to weak, at about
the lowest prices of the day. The only
final losses of note, however. were l per
cent. in New England and 70 in Louisville
Il Nashville. which rallied slightly toward
the end of the session.
Railroad bonds showed little of the reao-
tionary temper and. while the amount Of
business done was not equal to the average
of late, the strength of the list remained
undated, and q few material gains were
seen. The only decline of note was 2 per
cent in Erie funded fives.
Government bonds were dull and firm.
State bonds were entirely neglected. Clos
ing quotations were: