The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-19
NOTED IMPROVEMENT
With Few Exceptions the Share
List Is Higher for the Week.
Seigniorage Bill Being Worked by Bears
i'm Wall Street-IndianapOlis Grain
Declined Saturday.
At New York. Saturday. money on call

At New York, Saturday, money on call
was easy at 1 per cent.
Prime mercantile paper. 4G5h per cent,
Sterling exchange was firm. with actual
Mrs. Beth Earl, of Connersville, who has
demand. and at $4S7Ag4s713 for sixty days;
posted rates, 4SSq4s91z; commercial bills,
A.S6AG4.S614.
Silver certificates. 5SHG59kc. Bar silver
closed at 59Ac per ounce; at London, Z712d.
The weekly bank statement shows the
following changes:
Reserve, increase .66S, 925
Loans, increase .......-.......... los, 800
Specie, increase 1,Z9,2O
Legal tenuers, increase. Z,ZfO,fD
Deposits, increase ................ 7,162,I 200
Circulation, increase ................... PA, 800
The banks now hold S7, 1902, $50 in excess
of the requirements.
Total sales OF stocks Saturday aggrega-
ted $500 shares. The share speculation dur
Ing the two hours of business on New York
Change was only moderately active, and
the speculation was irregular and unset
tied. Rumors to the effect that the seign-
forage bill was 10 be signed by the Presi-
dent had a depressing effect on prices, and
the hardening tendency of sterling exchange
foreshadowing. as 1T does. additional ex-
ports Of gold, was an unfavorable factor Of
the speculative situation. In the early
Soih5o "a 5OOd DuylHS VI tHC III
dustrials. as st. Paul was in fair demand
for both foreign and local account, but
subsequently realizations and sales to close
Outstanding long contracts depressed the
market for the greater portion of the list.
The pressure to sell was not, however, at
all pronounced, and stocks moved indie
pendent of each other, advances being made
In one pool while declines were in progress
In another. The market opened strong and
closed generally weak, there being periods
or strength and weakness between whileS.
"A majority of. the active list shows a de-
cline from yesterdays closing figures, Dis
filling leading with a break OF Ia. Chi
cago Gas lost is on sales, due to appre-
hensions OF the result OF Monday nights
hnal sales a recover of IS was made. Sugar
sold up rs In the early trading on buying,
credited to insiders, but quickly gave way
on a slight selling movement and lost the
entire Improvement The preferred stock,
vance TO- tbe Close on er reno H4s that !, t fme 6 Sl-
aware, Lackawanna & Western was about
TO absorb the Toledo; Ann Arbor d Mich
igan road the stock OF the latter came into
good demand and recorded an advance Of
1Az- Cotton ON and Great Northern pre-
ferred also rose 11z; Baltimore & Ohio, IA;
market shows a marked Improvement m
values, the only material declines being Chi
cago Gas, Ia; Consolidated Gas, "a. The
great majority of the shares traded in ap-
preciated In value, the leading advances be-
ferred, 21z; Missouri Pacifc.. ga; Toledo &
Ann Arbor, b. x O. and Chicago each, 2l2,
and st. Paul M. & NJ, 2.
A very fine tone marked the dealings in
the bond market throughout the day. The
leading changes in the bond market for the
week are: Advances-Union Pacific collateral
trust skies, 10; Illinois Steel Company de-
benture fives, IL; Omaha & st. Louis firsts
and Houston & Texas debenture skies, each
8; Utah Southern extended, Toledo, Peoria
& Western irsts and Iron Mountain flves.
each A; Cairo, Arkansas & Texas division
firsts, ga; st. Paul, c. d NJ firsts, 3H; Erie
seconds extended. Kansas, Pacific. consols,
Keokuk & Des MoineS firStS, Northwest
sinking fund debenture fives, Of 1893, ST.
Paul gold sevens and gold /. & NJ. ~firsts,
each 3 per cent
Declines-Chesapeake & Ohio Southwest
ern seconds, II; Toledo, Ann Arbor & Mich
igan hrsts, 1914; St. Joe & Grand Island
firsts. 5, and Ohio Southern general fours, 8
per cent.
Government bonds were firm. State bonds
were inactive.
The following table. prepared by James
E. Berry. Room 16, Board Of Trade. shows
the range of quotations:
Open High Low Clos
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