The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-25

following changes:
Reserve, decrease ..............."... $SO9. 100
Loans, decrease ----.-.--.-...-. 22l.900
Specie. increase 5l6. 700
Legal tenders. decrease ............ l.59O. 200
Deposits, decrease .--.--.-.--.---- I,o5S,0o0
circulation, decrease --.---.--.....- 2O6,cc0
The banks now hold $l9,594,s $50 In excess of
the requirements OF the . per cent. rule.
The New York Financier says: LAS is
usually the case when heavy gold exports
are being made the statement of the New
York clearing banks does not reflect exist
Ing conditions. As the shipments OF gold
during the six days covered by the report
aggregated over 100000. the banks. despite
the fact that they received more currency
from the interior than they shipped. must
have lost largely in legal tenders. which
were Withdrawn for the exchange of gold
at the subtreasury For six weeks past
the specie item in the statement has been
showing a steady gain. The gain reported
by the combined banks Cor the week was
Sl6.7 100. bringing the total specie item to
80. 2s4. coo. or an increase OF nearly five
and one-half millions since Oct. II last.
This regular increase has given rise TO a
rumor that the New York banks were
preparing for another bond issue, but as
the banks have been losing gold since
June /, until recently, and now hold less
than was reported Immediately after they
had absorbed a bond issue. the small in
crease does not seem to possess much i'm
portance. 1t is doubtful. too, whether the
that the banks possess that much more
gold. since silver certificates are also
counted as specie"
Total sales of stocks Saturday were S.
343 shares. including: American Sugar, H.
200: Tobacco, 10, 800; Burlington, 900; Chi
cago Gas, $500; United States Leather pre-
ferred, 500: Western Union, 300.
The market opened dull and irregular,
with the changes In prices unlmportant. A
suited in only fractional declines. except in
Tobacco and Leather preferred, which lost
Us and /. respectively; The railway shares
foregoing stocks and ruled slightly above
Friday nights final prices. In the late deal
inss the movement of prices was %erratic
and the closing was irregular. There was
no special news bearing on prices, but the
frmness of the exchange market was con-
saae sosd , nsas ueek Oh The fers s,,npi nes Of co emnpoers
cia1 bills Is still very light. Speculation dur
ing the week was irregular, with a down.
ward trend Favorable news, such, for in
stance, as the ratification of the trunk-line
presidents agreement. and the announce
ment of heavy increases in the earnings Of
the Northwestern railroads.. with moderate
but satisfactory gains on other lines failed
to stimulate advance in securities. On the
other hand, unfavorable news, as. for ex-
ample. the decision OF the United states SUI
preme Court. adverse to the western Union
Telegraph Company, and the hostile attitude
of the Attorney-general Of New York
HOWdL09 tnc % I'm
psny. after causing sharp. declines
left the market exceedingly dull. The
salient feature Of the week has been the
being close to the heaviest shipments of
any single week on record This was all
vious that the dam built by the great syn
has given away: because Of the intense
pressure for remfttances, and, consequent
1y. a food Of gold pcurs forth. Secretary
Carlisle's after-dinner talk at the. banquet
or sSs sn rst, rnn%Ier Of Of the eo rreen6eck saV Sas res
directed attention to that question. In the
Judgment OF many experienced financiers
export movement OF gold was ignored. 1t
was a simple proposition. that the Amer
Jean people owe the money TO Europe and
can only pay IL by sending gold. Our i'm
ports Of merchandise are very large. while
our exports are relatively small Every
Europe, spending there an aggregate or at
least uo,000.00. When, to these drafts on
the product of the farm. the mine and
pay interest and dividends on our securities
held abroad. and at times TO take back
snch part OF thss securities ,1h themselves c,s as
as for Instance recently. on account of the
Kafir slump. IL II not strange that we are
time. the United States owes more money
20 Europeans than the value OF our e3-
ported m~erchandsse will suffice TO pay;
were losses generally. the more note
worthy of which are: Tobacco. ): Tobacco.
preferred. ga: Leather. rs: Leather. pre-
ferred, 4. and Western Union, 3 per cent
I4aclede Gas. preferred. was conspicuous
by a rise OF 4 per. cent. The aggregate
sales were 1,0i2, 500 shares.
Trading In bonds was light and on a de-
clining tendency OF prices The net losses
are headed BY Western Union collateral
trust fives. liz per cent. and Lehigh VAL
ley Terminal irsts and Oregon Short LirD
cOnsol ives. trust receipts. I per cent. The
dealings amounted TO SS4.OO0-
The movement of hOud nriCQS duriuU tho
week. was dominated by the course of the
stock speculation. The aggregate sales
we're $5.eJ6.1s. Declines were general. The
more important losses were in information
ri & Greas Northern thirds, ) per cent:
cific collateral trust skies, 81.
There was Increase in the trading i'm
governments at the expense OF values. The
hew tours made a sharp fractional decline.
Tie sales were Sl46. 90.
state bonds were dormant. with sales of
Only x3.op.
The following table. prepared by James r.
Berry, Room 10. Board of Trade, shows the
11Dee of quotations.
a.