The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-28

was easy at 1 per cent. the last loan being
made at l. closing offered at 1 per cent.
Prime mercantile paper. 2A@41s per cent.
Sterling exchange was dull, with actual
business In bankers bills at A.s7%G4.SIA
for demand and at $s6sQ4.s6A for sixty
days; posted rates, A.S715Q4.SS and s4.SS1k9
$50; commercial bills, $.S5h.
Bar silver closed at 64c per ounce; Mex
lean dollars, 51Ac. At London bar silver
closed at 2szd.
The New York weekly bank statement
shows the following changes:
Reserve, increase ................A .351, 225
specie, decrease ................. 1850
Legal tenders. increase ------------ $500
OepoSilS' Increase ................. 4ll, w
Circulation, decrease .............. 103, 300
The banks now hold s63, S64, 900 in excess
Of the requirements of the Is per cent. rule.
The exports of specie from the port Of
New York last week amounted to 100000
IN gold and $575. $50 In silver. The imports
for the week were: Gold, s313,3o7 silver,
$4.6eS; general merchandise, 5000, S67; dry
goods, $1,56s, 4S6.
The total sales of stocks were 1857
shares. including the following: Atchison,
1000; American Sugar. 2,2C0; Burlington, q
200; Chicago Gas, 800; Delaware, Lacka-
wanna & Western, 1000: Delaware & Hud-
son. 1900; Distilling, 200; General Electric,
$500: Manhattan. loo; New Jersey Central.
700; Northwestern, 1900; Reading, 5000;
Rock Island. 1.SOo; st. Paul. 1900; Western
Union, LOO.
Interest in speculation on the Stock E,x-
change, Saturday, was conferred almost en-
tirely in the coal shares, which were SUBJ
jected to heavy pressure in continuation of
the bear campaign against this group. The
sailing In Nam Iarcax, Ca,&ro $3.50 IL
but Delaware & Lackawanna made the
greatest decline, while Reading was COM
paratively well held. Board room talk was
very bearish, indeed, en- New Jersey Cen
trail. the decrease in earnings compared
with last year being pointed out as a rea-
son Tor bringing the stock down to a lower
level The decline in the shares began
right at the opening and continued until
near the close, at which time Delaware &
Lackawanna had lost S1z, Delaware. & Hud-
son "a and New Jersey Central 4%. Read
ing advanced Is, lost the Improvement and
rallied Il. Recoveries We're made in the
maj dealings of " In Lackawanna l in
Delaware & Hudson. and q in New Jersey
Central. limiting the losses on the day TO
o1a ana 4s per cent. respectively:
me general market opened dull and fairly
STEADY, but the depression in the coalers
was quickly communicated to the rest of
the list and prices sagged off; Northwest
was raided by the shorts and gave way
rs. closing within Is OF the lowest. The
break IN Northwest was accompanied by
oAhCL lhaN a SCdlllS Oh the dividend rate
would have TO be made owing to decreased
earnings, which were. however, semi-offi-
clany denied. The movement in the other
grangers was trifiing, a loss of q being
pade in each. from yesterdays Closing
Louisville & Nashville was sold by Lon
don and the room traders and declined IL,
without a rally. c., c., C. & st. L.. ST. paul
Minneapolis & Manitoba and Pittsburg'
Cincinnai. Chicago & ST. Louis show losses
Of L per cent. each; Hooking Coal, IL. and
the general list, hQ7s, except some ha;f
dozen stocks which made gains of 1sG1s per
cent. The bank statement was regarded as
unrayorabie as rejecting a congested money
market and a contraction OF business, and
the share speculation was somewhat weax-
ened thereby and closed heavy.
The past week has been one of the dulIest
IN the history OF the Stock Exchange. the
total transactions for the week being only
tSz,oOO shares. which amoant of business
Is only equal to a single days work under
normal conditions. In the first half OF the
week speculation was stagnant. but for
against the coal stocks has impaired in
terest to the rading. With very few ex-
on the week. the coaiers leading the de-
cline as follows: New Jersey Central. 10Is
Delaware & Lackawanna. si1: Delaware 4
Hudson. rs; United States Express.g la1z
Metropolitan Traction, GA: EvansviIle =
Terre I4aute tours and Consolidated Gas.
eik: Wheeling < Lake Erie preferred. 81;
Northwest and Iowa Central preferred. 8:
Cotton OIL. Us; Louisville e Kew Albany
preferred, "a: Manhattan. st. Paul. NJ. &
TacIede Gas preferred and Tobacco pre-
ferred. 2 per cent.
The bond market was generally firm. ex.
cept in the final dealings, when there were
fractional recessions in sympathy with the
weakness in the share market. The trans.
actions aggregated 1910. O0O- As a result o,
TIE trading, fractional declines were es
tablished IN most OF the issues dealt in
while advances were made or ia In Wis
ccnsin Central and l In Alton & Terrs
Eaute division bonds. The bond market
during the week has been. in the main
6rr1. in contrast with the share speculation
TIE trading was fairly active. the tota
sales reaching the sum of S.iS9.e0. Price.
at the close are generally higher than thos.
of the Saturday previous. the principal ad
vances being: Cedar Rapids. Iowa Fail.
and Northwestern skies. , per cent. low
City g. Western firsts and Union Pacih,
gold skies. Z; Wabash seconds. 3+: S.. Pau
Il Minneapolis hrsts. sly: Northwest sink
INK funds fyes, registered. Rock Island de
benture nves and Chicago. 81. Louis &
New Orleans hv2s, registered. 3, Minneapo
lis q ST. Louis. Pacific extension frsts ans
ohio Southern fours. 3is and Ohio Southern
fr.ts. 2k; St Louis * san Francisco con
sol foGrs, which scored a decline OF I pc
cent. the previous week. evinced strength
during the dealings this week and raliie,
81, per cent. Declines-Wabash debentures
series y. 3: c., c.. G. & ST. L., 81. Louis
dfyision. fours, g; Union Pacific, Denver 4
Gulf hrsts. 3is: Chicago * Erie 6rsts. 2s.
Government bonds strong. State bond
were ou.et and railroad bonds were easier.
The following table prep&red( py Jsms