The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-13
MONEY MORE PLENTY
Few Signs of the Recent Strin-
gency Visible at New York.
All but 100000 Of the Clearing
House Certificates RedeeIned-StOck
Market Quite BuOyant.

At New York yesterday money on call
was easy at 2q21s per cent, the last loan
being made at 2, closing offered at .
Prime mercantile paper 6Q9 per cent.
Sterling exchange steady, with actual
business in bankers bills at s4S5G4S54 for
sixtyday bills. Posted rates, 4S4Q4.s6. Com
mercial bills, 4S1AG4S2.
Silver certificates. 73zsG7S1kc bar silver.
731sc; Mexican dollars, 5S1zc. Bar silver at
London, 33zsd.
a firm tone characteriZes the dealings in
sterling exchange, but the volume of bust
ness is limited. While the posted rates are
unchanged, actual transactions in demand
bankers bills are about Il per cent. sitter.
and there is fully the same advance in COM
mercial bills. to the small offerings of which
Is due the hardening tendency of rates. A
condition OF perfect ease characterizes the
monetary situation in New York and other
financial centers report similar conditions.
Call loans were in better demand to-day,
and are readily made at 2a21a per cent.
Money was offered as low as Az per cent.
for four months, S1zQ4 per cent. for sixty
days. and per cent. for longer periods
The loan committee OF the clearing house
yesterday Cancelled s, 250,e0O of loan certifi-
Gates, and called for retirement to-day
s9S0,OOO, leaving outstanding s12.015,000. A
statement OF the customs payments for the
past ten days shows that the gold pay
ments have been largely decreased with
corresponding increase in payments In sill
Yer certificates and United States notes
and treasury notes. The proportions of
the payments were as follows: Gold coin,
4O1 per cent; gold certificates, OIL; silver
coin, OF; silver certificates. 24.7; United
states notes, %; treasury notes, 81.
The total sales Of stocks on the New York
Exchange yesterday were 1S2, 300.
While 1t Is possibly true that all specu-
Iatlve eyes are turned upon Washington,
and that the dealings the Stock Ex-
cnange are largely the reflection of the
hopes and fears of the traders on the
silver question, there was little in the situ-
alton OF affairs at the capital to account for
the buoyant tone of the market, which yes
terday was law unto itself. The govern
ing influences were special in their nature
but the effect pretty general, and
nearly all Of the shares traded in shared
TO some extent in the Improvement en-
gineered by the operators in the industrials
which led the market both in strength and
activity. The railway list was sadly neg
lected in the morning and really PLAYED
second fiddle all day, while Whisky, Sugar,
Chicago Gas, Cordage and General Electric
sales being of industrial stocks. The oper-
atoms in the fancies were said to be for
the account very largely of insiders in the
respective companies Whisky being bought
on renewed reports of improved prospects
OF the company; Sugar, on reports from
Washington, based on favorable tariff legis-
lation; Cordage, on the announcement that
the long-delayed receivers report was
about to be issued, and that all the diff
culties which the reorganization commit
tee had met with had been overcome, and
Lead, on report that even though divi-
dend might not be declared the company
had earned the money TO pay IL. The
grangers. which were trifie weak at the
opening, on the crop report, were lifted out
OF the depression by the bull movement in
the industrials, which helped almost every
thing in the list, except Union Pacific, in
the early trading. The upward movement
continued in force, with occasional slight
reactions, due to realization of profits, until
about the middle of the afternoon, when,
owing to lack of the sustaining influences Of
new purchases. rather than to any pro-
nounced selling, there was financial de-
cline In the late dealing there was a re-
covery on slight volume of business, and
q strong undertone was prevalent at the
close, with prices Aq13s per cent. higher for
the active list. Some of the inactive shares
made material advances, notably Louis
vile, Evansville & st. Louis, Z.
The railway and miscellaneous bond mar
kct was irregular on fairly active trading.
Government bonds were steady. State
bonds were dull. Closing quotations were:
Four per cent. reg.1l1 Louis. & Nash. Asa
Four per CT COUP. Ill /. IL Now Albany. 14lo
Pacific 6's OF 49,. -102 Missouri Pacific. 235s
AtchisoD.--------. 19l2lN. j. Central. 1922
Adams Express. -140 Northern Pacific. 6os
Alton & I. h.. % n. Pacific pref. 2Ol
Alton &T.H. pref. $50 Northw estern.. .1O23s