The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-02-11
THE MARKET NARROW
Fluctuations in Wall Street Con-
fined to ga Per Cent.
$50 and Money at 1 Per Cent
Local Grain Inactive.

At New York, Saturday, money on call
was easy at 1 per cent
Prime mercantile paper, 31z45h per cent.
Sterling exchange steady, with actual busi-
ness in bankers bills at $4s61ed4.S6A for
demand and at ~$4.Sii2G4.Sil for sixty days;
posted rates, $4.S6q4.Ss; commercial bills.
S4.S3AQ4.S4.
Silver certificates. 6i1z@651zc. New York
bar silver closed at 644c per ounce. Silver
certificates nave lost &c on the week, fol-
lowing the break in the London market.
The New York weekly bank statement
shows the following changes:
Reserve, decrease. $2o, $4,000
Loass, increase. l5'g2l9y1
Specie, 2l,459,lO
Legal tenders, decrease...."......... S,63S,l00
deposits, OBSERVATION-DISCLOSURES. 1i,o9z,VU
Circulation, decrease. 10000
The banks now hold SIS, $685. ESQ in excess
OF the requirements of the % per cent. rule.
Total sales of stocks Saturday amounted
TO only $500 shares. The share speculation
during the hours which the exchange was
opened for business dragged along slowly
without a single feature of interest. The
market MAS WAS dR ,,cfm5sIon the ba aaFrow ceSfn S1
case of st. Paul. minneapolis & Manitoba,
which declined ia per cent. The grangers
moved within a radius of y per cent. st.
Paul closing at Fridays price, burlington
ly. St. Paul was bought at the opening. in
anticipation of a better showing for the
first week of February than for any pre-
vious week In some months, but when the
figures were published. showing a decrease
week OF 1893, the announcement SCENE to
give no strength to the shares, which actual
fact, the first week of February last year
was so stormy and filled in with snow that
traffic was unusually light. The statement
of the company is, therefore, not so favor
able az would aDDpdr on the surface. vi
the industrials Sugar was the only even
moderately active stock, but 1t kept within
the q per cent limit Of fuctuation, clos
Ing Il higher than on Friday, Gen
e eFal Electric eGd cbi Sh0 w es an ady wRiie
Distilling declined Is per cent. Chicago adj
vices that. Mayor Hopkins will veto thu
resolution IN favor Of the Common Council
granting a franchise to a new gas com
pany gave temporary strength to Chicago
Gas, but did not insure many new invest
and revenue bill restricts the dealings In
those industrials which will be affected
by the measure. The reports from WASH
ington are so conflicting that operators
are puzzled, and nobody seems to be GER
tain of the outcome. The bank statement
made no Impression on the speculative fra
ternity. the decrease in the reserve being
expected by reason of the heavy suDscrip-
tions TO the new government loans from
this city, and the other changes being. main
~ the result of operations in connection
with the loan. The stock market at the
close was firm as could be on such a light
volume OF business.
The entire week mas DSen one OF guinness
In the share speculation. and very few
changes of Importance have been effected.
The only advances of 2 per cent. and over
are in Delaware, Lackawanna * Western,
3h, and Evansville & Terre Haute, 2 per
cent. The chief declines are Louisville,
Nashville & St. Louis. Az; Iowa Central,
preferred, 2&s; Denver & Rio Grande, pre-
ferred, pa. and Cordage, preferred and Cot
ton Oil, preferred. 2 per cent
The railway and miscellaneous bond mar
ket was dull but generally firm, st. Paul,
Minneapolis & Manitoba, Montana Central
fves advancing 2. and Kansas Pacific con-
soils and Northwest coupon gold SeyenS !
pcr cent.
Government bonds were firm. State bonds
We're inactive.
The following table, prepared by James e.
Berry, Room IS. Board OF Trade. shows the
ranDa of quotations.