The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-10
STOCKS WERE ACTIVE
WEEKS BUSINESS IN WALL STREET
SHOWS WIDE CHANGES.
Again-Locai Market the Best
Since December.

aor SlAty Gays; posted rates. $4.SS120D4, go.
commercial bills $4S624.
Silver certificates 605sc; no sales Bar
silver, 6O12c; Mexican dollars, 4Sa4c AT Lon
don, bar silver q 11-l6d
Weekly bank statement shows the follow
ing changes:
Reserve. decrease ..............s5,26 5. S75
loans increase ...................... 5,125,000
specie decrease .................... z, 1865, 500
Legal tender, decrease .......... 3.Of5 100
DepoSlts' decrease .-.-..........-....- 100000
rculauon, increase ............... 300G0
The banks hold So, 7SS, 625 in excess of
the requirements of the 25-per-cent. rule
Exports of specie from the port of New
York for the week amounted to s1,714, 400 in
gold and s579,SS0 in silver. The imports
were: God, $l,706,352; silver $5S,200; dry
goods IS, l43,4so; general merchandise S.
75a070.
Total sales of stocks were 100, S43 shares,
including: American Sugar 50,1O0; Balti-
lore & Ohio 2,100; Burlington, 1,6O0; Della
ware & Hudson, 21o0; Dstilling, 1900; Erie,
4o90; Louisville q Nashville, 1890; New
Jesa - Central $500; Northwest, 2.4O0; st.
~ 200; Union Pacific, 1000; Western
Union, LOO.
Share speculation was quite active for
Saturday and in the main strong in tone,
the purchases being largely for the short
account. The market was heaviest in the
early dealings, when London was a seller
OF the arbtrage specialties. At the end
of half hour the downward movement
was checked and during the rest of the
day the trend of prices was, as a rule, up
ward the market closing in good tone
Sugar led the market in point OF activity
and was in good demand until this stock
touched 100, a gain of 1ss Friday night.
Then realizing sales caused a reaction of
IA with final rally of Is; the preferred
moved up 1A per cent, Baltimore & Ohio
sold up 29sc per cent, losing " per cent.
"a per cent, the last being. the highest
prices made; The grangers We're inactive.
amounts by London houses, but receded
only = per cent. and regained Is on late
c66yernS The coalers are but slightly
corded in Lake Shore OF 11a and Tobacco
OF IA and declines We're established of
152 in Illinois Central. rs in Denver &
Cotton oil. st. Paul & omaha preferred
sold at 1o4A,. sellers, against 1091s the
previous regular sale. The other changes
We're fractional.
The weeks transactions aggregated 1856
0D shares, greater total than for some
weeks past. The increased activity was
mainly due to heavy movement in Sugar
tolncldent with the declaration of the quar-
terry dividend. Preceding the directors
meeting rumors were ceverly circulated
creating general impression that the divi-
aead would be scaled from per cent. to
"a or ?. Short sales were thereby induced,
and and the price was lowered from $685. to si14.
when, on Thursday, the full dividend was
declared, the price rose and par was
reached Saturday, with subsequent reac-
clon to S9ls. The net gain on the week is
So. The preferred stock made an advance
of 2l3 per cent. Baltimore & Ohio was SUBJ
5ected to continuous hammering up to Fri
day. when the low figure of 40 was
touched a break OF 8ss per cent from the
previous week. The decline was due TO re-
ports that there was probability that the
road would be placed in the hands of a
receiver, and also that reduction of divi-
of the receivership story and the assur-
ance that the company is in a good finan-
eial condition caused "a. rally Of per cent,
Pacific fell 10 per cent to 80. but rallied
TO ss4. Chicago Gas began the week with
the mayoraIty approval of the ordinance
granting a franchise to. an opposition COM
ruently the stock rose to 72l4. Reading was
sold down per cent. on the. re-
eeoSens per eent The coa
We're higher in the early dealings and New
sTssy Central H gsned ~ psr esa and
favorable developments in the anthracite
industry brought about recession in New
Jersey Central of IA per cent. Delaware
& Hudson. SI4 and I.ackawanna, B. The low
figures induced purchases and the net losses
) Delaware & Hudson and "a in Lackawanna.
New York Central broke pa per cent. on a
be sealed The net loss is rs per cent
The probability of heavy assessment
The other more important ne. changes are:
Advances Hooking Valley preferred, AZ
per cent. 1ODdccD, 4, COTTON Oil preferred,
B: Leather preferred, Pos. and Evansville &
Terre Haute. Great Northern preferred,
Lead and Pittsburg & Western preferred.
.. Deciines-Oregon Improvement, 33s per
cent: ST. Paul, NJ. K NJ, 5, and Quicksilver
preferred. ,
The bond trading during the day was
rather quiet and the majority of transac-
tons We're at slightly lower figures. The
market during the week was active but
somewhat irregular. Aggregate OF sales
were 81, 90, 500. The main changes are. De-
cines-Internatonal & Great Northern
thirds, 3 per cent: Lehfgh & Wilkesbarre
fves. L. Union Pacific collateral trust skies
g. Wheeling &c Lake Erie Improvement
fives, si1, and Erie second consols and Mex.
lean National firsts. 3. Advances-Greer
Bay ffrsts, per cent. and Union Elevated
firsts, Cleveland & Canton firsts and Peoria
Decatur & Evansville seconds. 3.
Government bonds We're steady. State
The following take prepared by Jane.
z. Berry. Room is. Board OF Trade show.
the range of quotations:
Open High Low Clos
Name. ing. est esq. ing
Adams Express. 143
Alton & Terre Haute. IS
E.rlcan Express Ill
Atchison saN ~ ssi aS
canada seashsrn Is ~
Sentras Facin g l5l
-. rk ~ ..y31sz fso1t 101x <o1z 16f