The Indianapolis journal., 1892-02-16
LOCAL FINANCE AND TRADE
The Business of the Banks Continuest0
Exceed that of Similar Date in 81.
Wheat and Corn Are Firmly Held, and Oats
Are Dull, with al Absence Of Speculation
Condition Of the General Markets
MONEY AND STOCKS.

CIearings and balances Compared with
Those OF the Past Year.
The report of clearings from the asso-
ciated banks yesterday showed the amount
TO be S765. .27214, with balances of s74. .995. 80.
The clearings for the corresponding date In
1881 . amounted TO 263l, ,670.5S, and the
balances were S19.295.30
NEW YORK QUOTATIONS..
At New York yesterday money on call
was easy at Ia to per cent. the last loan
being made at Ia. closing offered at Ia.
Prime mercantile paper, Ga ASH per cent
Sterling exchange was quiet but steady
at ss.s5a4 Tor SIXTY day bills and s4.sSA for
demand.
The total sales Of stocks were 644, 400
shares. including the following Atchison.
19.7O7: Canada Southern. 1900. Chicago Gas.
21.s95; Delaware. Lackawanns d West
ern, 1000; Erie. $500; Louisville &
Nashville, 1890; Missouri Pacific, 5.4OO;
Northwestern, $3.50; New Jersey Central.
z.7S1; New York Central. $500; Northern
Pacific preferred. 23.100; New England.
1880 Reading 212,57o; Richmond 81 West
Point. 20.1C0: st. Paul. 36,1Oo. st. Paul
d. Omaha. $500; Union Pacific, 43,40O;
Western Union, 1885.
The stock market while not showing the
immense volume of business which marked
the trading last week. was still unusually
active yesterday. and presented G strong
front almost throughout the entire session.
placing most of the stocks traded in on o
materially higher plane than last week.
The interest in the market was more gen.
eral and some of the largest banking
honses IN the street were buyers of stocks
70 lorn
for the most part. In shares which have for
some time laid quiet. The fact 10 that the
feeling of uneasiness over the coal deal has
su bsided, owing to the way in which the
coal stocks have held their advances and
because the facts are now better under
stood by the public. The report. yester-
day morning, that the Pennsylvania
state officers have refused to inter
fere with the new leases caused q
great rush to buy Reading in the early
dealings. and for time quite an excite
ment was seen IN that stock. Later In the
Cay. however, the sensation subsided, ard
buyers turned their attention to other parts
of the list. Reading for the first time in
over n week. showed only q moderate vol
ume of business. The opening was stimu-
lated by some buying for foreign account,
and, while the coalers still led. the general
list was materially higher during the early
dealings. Reading and jersey Central rose
over per cent, but afterward reacted. on
what appeared manipulation to buy. The
strength of the general list was in no way
impaired. though progress during the fore
noon was allow, but when the excitement in
Reading died away, Union Pacific. St.
Paul. Atchison and Richmond 81 West
Point came TO the front, and oil made
substantial gains. Atchison leading. The
earningsreportedo on the last named road for
the first week in February did much to
stimulate the movement in the stock, but
the others named were not far In the rear.
Chicago Gas and Cordage were both active
and strong. but the other industrials were
quite neglected, remaining without fear
throughout the day. In the late trading
there was red-hot buying and the shorts
took hand in adding to the upward move
ment, the market closing very active and
strong at about the top figures of the day.
The advances include: Jersey Central,
27s: Union Pacific. 2l3: st. Paul. 81; Atchi-
son and Reading. 2ls; Canada Southern.
Ia; Cordage, 1ss; c.. G.. T.. IL 81. L., is.
and others smaller amounts. while DIstil-
lers are down GA.
Railroad bonds were only fairly active
outside of the Reading but everything IS
higher. Among the Reading only the Sec
onds and thirds scored any material i'm
provcment. the former being up pa. at
s7l9, and the latter 2as. at 60.
Governments bonds were dull and easier.
State bonds were dull and steady. Closing
nuOtatiOna were: