The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-11

Prime mercantile paper 3s4@5 per cent.
Sterling exchange was dull but steady,
with actual business IN bankers bills at
$fs9G4 1894 for demand and at s4.S7A@4.s So
for sixty days: posted rates, s4.ss1aQ4.9O;
commercial bills, $4.s6s4.
Silver certificates, 6ossc; no sales. Bar
silver, 6oisc; Mexican dollars, 4sAc At Lon
don, bar silver q 11-16d
Weekly bank statement shows the follow
ing changes:
reserve, decrease ...........-........s526 5, S75
Loans increase ......-............... 5125, 900
specie, decrease ..-.....,.-......-.... 2368, 500
Legal tender. decrease ............. 3015, 100
Deposits, decrease ................... 40 900
Circulation, increase ................. 10000
The banks now hold So, 1888 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 s1,714,4OO in
gold and $579,360 in silver. The imports
were: Gold, s1.706.352 silver S5s 200; dry
goods. S3i43,4So general merchandise, &c.
$780, 70.
Total sales of stocks were 9S43 shares,
including: American Sugar. 0,1OO; Balti-
more g. Ohio. Zoo; Burlington, 1000; Della
: ware & Hudson, 2.100; Distilling. 5000; Erie,
.4,00d; Louisville & Nashville 4,9OO; New
Jersey Central. $500; Northwest, 2,4Oo; st.
Paul, lO,700; Union Pacific, 1000; Western
Union, LOO.
snare speculation was quite active for a
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
or the arbitrage specialties. At the end
OF half hour the downward movement
was checked and during the rest Of the
Gay the trend of prices was, as rule. I'M
ward, the market closing in good tone.
sugar led the market in point of activity
ana was IN good demand until this stock
louched lw, gain OF Iss on Friday night
Inen realizing sales caused a reaction of
IA, with final rally of ": the preferred
m aleSa UP ~ per cent, Baltimore & Ohio
AZ az the close. Canadian Pacific advanced
"a per cent, the last being the highest
except st. Paul. which was sold. in ro,,nd
amounts by Tendon houses. but receded
covering The coaiers are but sIiph taiv
c cnahgeu on the day. Advances were re-
n ~ ana declines were established of
~ In Illinois Central, IL in Denver e
Cotton sD1 ra o; Pref pa, and per cent in
SOLD at lo4&.. sellers, against 1924 the
previous regular sale. The other CHANGES
were fractional. oeS
,.a The weeks transactions aggregated 1886.
w shares, a greater total than for some
weeks, weeks past, The increased activity .as
colncident with the declaration of the QUAR-
terly dividend. Preceding the directnrs
lnee,lng runors were cleverly circulated
cieating general impression that the divi-
dend would be scaled from per cent RI
"a or 2. Short sales were thereby induced
When, on Thursday, the full dividend was vas
declared. the price rose. and par was
F t ga saturday, with q subsequent reac-
Ion 70 1915. The net gain on the week is
"a The preferred stock made an advance
or 2lf per cent. Baltimore & Ohio was sub
1ected to continuous hammering up to Fri
day. when the low figure of 40 was
touched, break of sss per cent from the
previous week The decline was due to re- re-
road would be placed in the hands of ''' 5
receiver. and also that a reduction of divi-
of the receivership story and the ass,Ir-
ance that tie company is in good firian-
ci Ga. condition caused rally Of per cent.
Pacific fell 10 per cent. to SO. but rallied
to ss54. Chicago Gas began the week With
the G Per eea to IL bSs
granting franchise to an opposition com
esny the stock to e Rea g suSs
sold down per cent. on the re-
ported coming foreclosure proceedings.
were higher In the early dealings and New
Jn,s Central gained 2A per cent. and
favorable Developments in the antbracits
Industry brought about recession in New
.se1 Hsso Gen 81 s sof ~ per cent Delaware
ngurss induced purchases and the net losses
are but " in New Jersey Central Is. in
New York Central broke 2s4 per cent a on
renewal Of The talk that the dividend would
pc scaled. The net loss is Ia per cent
The probability of a heavy assessment
caused Erie to lose Is per cent. on the week.
The other more important me- changes are:
Advances-Hocking Valley preferred a.
per. cent. Tobacco, 4: Cotton Oil nreferred-
3: Leather preferred. Vs. and Evansyille e.
Lead and Pittsburg & Western preferred'
>. Declines0regon Improvement sss ner
preferred, ?.
The bond trading during the dav was
rather quiet and the majority of fransscs
tons were at slightly lower figures. The
aggregate sales were 1896, 800. The bond
market during the week was active but
somewhat irregular. Aggregate Of sales
were 81 90. 800. The main changes are. he
elines-International & Great Northarn
thirds, pei. cent. L4ehigh &c Wilkesba RE
dives. z: Union Pacific collateral trust sizes
fives. 3h. and Erie second consois ana Mexe
lean. National firsts. 5. Advances-(sreen
Say nrsts. per cent. and Unicn Elevated
nrsts. Cleveland Canton firsts AMI Peoria.
Decatur & Evansville seconds. B.
Government bonds were steady. State
bonds were dull
The following table prepared nv lama.
Berry Room l6. Board OF Trade. shows
Name. Open ,Ds High n Low Clos
Alton & Terre Haute. -. 49,. - IS
American Express. -. 80. . III
Atchison ..;;..s.....-... az So 81. s4
baltimore T. Ohio, ....- $50 ..... 52is
Canada southern. IS As IS Is
chesapeake a ohia. ..,.s. . .. 49, 49,
q. b. 4 Q..s.......... saz raj sas "a 5a,z