The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-09

The banks now hold SOS 623, 726 in excess Of
the requirements Of the 25 per cent. rule.
The loan committee of the New York
Clearing house yesterday cancelled 100000
loan certificates and called $4,000 for Mon
day Total cancelled last week, s., sec, 600;
total outstanding, S19.15O,000
The speculation on the New York Stock
Exchange Saturday was absolutely with
out feature as TO the shares which gener-
ally figure in the daily transactions, only
one stock, Whisky, reaching 10000 shares,
and the total sales footed up only $1,000.
The changes were mainly confined to frac-
tons, and only three of the active list ex-
ceeded a one-per-cent. limit-Whisky, Cen
e-al Electric and Northwest moving with
in radius of IA per cent. Taking into
consideration the fact that the trading was
remarkably light in volume, the market
surprisingly firm, and the tendency was for
the most part toward better prices. Some
shares, however, sagged off for want of
supporting orders, and in the final deal
ings there was very slight reaction from
the best prices of the day, but the tone at
the close was strong, and compared with
the closing figures of Friday the gen.
eral list shows advances ranging from Il
to 1 per cent The bank statement, which
was quite as favorable as was expected,
made public, but the absence from the
street OF nearly all the large operators
prevented it from having any marked in
duence on the trading. The heavy increase
In deposits was, perhaps, the most agree
able feature of the statement, it having
been hardly anticipated that they would
approach so nearly ten-million increase
as they did The cash increase of over
$6,0QO,0O0 was also regarded as quite salts
factory, and the establishment of a sur
plus of more than s2s.OOO.O00 was accepted
as going far toward securely anchoring
confidence in the monetary situation.
was more active than the share speculation.
and. while in the main firm, some heavy
declines were effected. Louisville New Al
Western Indiana general mortgage skies
per cent. The savings banks have not as
yet begun TO buy back the bonds sold dur
ing the recent panic TO strengthen their
cash reserves, awaiting, undoubtedly, for
the result of the duel between the silver and
antf-silver forces in the Senate. When they
do come into the street a purchaser il is
pretty certain that prime securities of
the class in which these banks invest will
appreciate In value The ease of the money
market in the East is reflected in most of
the monetary centers of the country, ex-
cept I'm the South. in which stringency pre-
walls pretty generally, and in Louisville,
Cleveland, Detroit, St. Joseph Omaha and
Denver where money is quoted as rather
tight. Closing bond quotations were:
Four Ter cent. reg.11OloI Louis & Nash. 40
Four per CT. coup 110l2 L. & New Albany 14la
Pacific 6's OF '95..- l02 Missouri Pacific. 24l,
Atchison..---..--. 19l4lN. j. Central lilo
Adams Express. 14O Northern Pacific 67s
Alton & Il. H.. 20 ". Pacific pref. 2O3t
Alton &TH. pref. 100 Northwestern. .1OOl2
American Expr'ss. 100 North west'rn prf 1856
Ches. & Ohio 1914 y. Y. Central. 1O21f
C., b. & o. GO Peoria, ID. 81 E.. 7s,
C., c., c. * ST L.. 80 Il Pullman Palace. 166
Del. Lack & w. 1928 Rock Island. go 65
Fort Wayne. ...--.-146 U. 5. Express. so
Lake Erie W.. 10 W., st. L. & P..... 3d.
i. i. Il w. pref. 6SasIW ST. L. & p. pref 1888
Lake ShOre.-...--.122 lWells-Fargo Ex... $50
Lead Trust. 26l2I Western Union. Sl3t