The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-07
MONEY AND STOCKS.

Clearings and Balances OF the Six Associ-
ated Banks OF Indianapolis.
The clearings Of the associated banks
yesterday amounted to S1.0S7, 442.61; bal
ances, S75,449.61. For the corresponding
date of 1891 the clearings were s6T2, 7S3 SO;
balances, SSl.12zS5.
NEW YORK QUOTATIONS..
At New York yesterday money on call
was easy at 2le to per cent. the
last loan being In ade at pa per cent; closing
offered at 2 per cent.
Prime mercantile paper, 4a4 06 per cent.
Sterling exchange was quiet but firm &C
s4s2 for sixty day bills and s4.s4la for de-
mand.
The total sales of stocks were 45O.477
shsIes. including the following: Atchi-
son. 1895; Chicago Gas. 22,075; Erie, II, 300;
Kansas g. Texas. 5.257; Louisville & Nash
vile. s.555; Missouri Pacific, $500; North
American, $500; Northern Pacific preferred,
1850; New England. 1880: Richmond &
West Point. 1905; ST Paul. 5000; st. Paul
X Omaha. $500; Union Pacific, 1925;
Wheeling IL Lake Erie. 1900.
The stock market wa: less active, and
while material advances were scored III
some stocks the general list. as a rule, was
held within narrow limits and the final
changes were Insignificant. Nearly all the
prominent commission houses are reporting
large orders to buy from outsiders. for both
investment and speculative account. and
the tact that the market has of late adj
vanced steadily and not by rapid spurts
gives confidence that it is q stable and
strong market with every assurance of still
better prices. Yesterdays transactions.
however, were OF such q character that
might be the result of general agreement
to let the situation remain quit.
While few. of the room traders
still hammered away in their efforts
TO bring about material reaction. their
efforts were of little avail. The decreas-
ing volume of business indicates, if any
thing. that there is less new buying, but
the later oscillations, which have been
very large. have failed to cause any set
back. and the advocates of higher figures
therefore still maintain their confidence.
The late sales of New England gave the
impression that q large interest was liquid
ating. and the general market undoubtedly
felt the influence of the reaction in this
stock, which has Deen 30 prominenta leader
in the upward movement. On the other
hand, the extraordinary strength shown in
the late dealings By Rock Island. and
and the industrials. were of great effect
IN restraining prospective sellers. and the
-'ehorts" are still unable to cover at @
proht and even to get out even. The
movement In Louisville. New Albany
81 Chicago was continued. and
1t retains its place as one of
the active shares, and late movement in
Louisville 81 Nashville attracted some at
tention. Richmond d. West Point was
active and strong. but the movement in the
bonds was not fully responded to. Among
the other low-priced stocks which showed
great strength was Susquehanna IL West
ern preferred and Iowa Central preferred.
The opening of the general list was active,
but at irregular changes, rejecting the
Continued efforts for reaction and the
taking of profits. while London was con-
siderable of a seller. though buying orders
from that center afterward appeared in the
was followed by partial rally, but
prices, as o rule, were kept below the level
OF the opening figures until the last hour,
when new strength was infused into the
market and general advance wiped out
most of the early losses. The close was
active and strong generally. at insignif-
cant changes for the day. While Lake
Shore is down / per cent on very light
transactions. c., c., c. ~ ST. l.. is up q like
amount; Rock Island. rs; Distillers'. les,
and Cordage. 2A.
Railroad bonds were much more quiet
than usual of late. but there was still n
large business transacted, and that at gem
orally advancing prices, though material
gains are few. The Reading issues were
again active. but failed to make any
marked change. Richmond * West Point
trust tives. which feel the better feeling
over the prospects of the company, were
specially active and scored a material ad-
vance. The total transactions were only
g. s57. 0e0. Among those which went higher
are Richmond & West Point trust fives,
pa, South Carolina seconds. . to a5
Government bonds were dull and steady
State bonds were dull but firm. Closing
quotations were:
-Four per cent reg1l6io LOUIS. & NASH. 81
Four per CT: coup. II GIG L. & New Albany 3Ols
Pacific 6s OF 80 100 Missouri Pacfc : Gas.
Atchison $500 45la y. ], Central .-.-.112l4