The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-21
BACK SEAT FOR SUGAR
SALES FOR THE WEEK LITTLE MORE
THAN IN A DAY FORMERLY.
Chicago Gas Now the Leader, and
Stocks Tending Higher-Local Mar
ket Fairly Satisfactory.

rates. $4.8S1sGl4.S9 and s4S9hl490; CONNER
cial bills, s4.s7@4.S7A.
Silver certificates. 6o1s960lkc; no sales.
Bar silver, $3.50. Mexican dollars, 4Salc. AT
London, bar silver, 27ssd per ounce
The weekly bank statement shows the fol-
lowing changes:
Reserve, increase. ,372, 975
Loans, increase. ..................... $40, 800
Specie increase. ACKNOWLEDGEMENTS. 2, 442, 600
Legal tenders, increase. 1855, 800
Deposits, increase. $500, 100
Circulation, decrease. 14,4O0
The banks now hold s45, 4S5.075 in excess
of the requirements of the 25 per cent. rule.
The exports of specie from the port of New
York for the week amounted to 1885, 800 in
gold and 1865, $50 in silver. The imports for
the week were: Gold. s197.S49; silver, s2S574;
dry goods. $4,009,966; general merchandise,
$7,s602S0
Sales of stocks. 536S7 shares including:
American Sugar. $500; Burlington, 1900; Chi
cago Gas. 12,40O; Distilng, 2,7OO Rock
Island. $500; st. Paul, 400; Union Pacific,
1,5OO.
The share speculation was heavier in tone
all day Saturday on very light volume of
business Prices, with very few unm-
portant exceptions showed decline from
Fridays final sales ranging from Is to 25s
per cent The heaviness of the market was
due to sales to realize the profits of the
recent advance except in one two in
stances, in which special influences were
at work all week. case in point is Union
Pacific which was sold heavily on the
reported intention to foreclose the property
and on vague rumor that 80 per cent.
assessment on the stock was probable. After
the close Of business dispatches announced
an application at st. Louis for foreclosure
of Union Pacific first mortgage and the APP
pofntment of separate receivers for the main
me o StocK nb ane Gas a. w yas
weak on selling induced by the complica-
tions resulting from the effort to change
the control of the companies. An early
advance of u was made, which was quickly
followed by decline Of lss to 1875 with,
final rally of H. making the loss on the
day 1 per cent. Laclede Gas preferred adj
vanced 1 per cent. and reacted IA. The
grangers opened lower. reacted shade,
made a partial recovery and in the final
dealings fell off again, except Rock Island,
which stands unchanged on the day; Sugar
a range of "a closing just that fraction on
the days transactions. The market closed
dull and heavy in tone;
very light, the market was, in the main,
strong, and, in a majority OF cases. an adj
vance has been recorded on the closing fig
ures of Saturday week ago. The aggre-
gate of the sales is $4,000 shares, Chicago
Gas leading in point Of activity. The The Hue,
frequent, the movement therein being due
to the endeavor to GUST the present man
way Of that proposition. The shares opened
on Monday at 741a ex dividend OF 11s per
SsnSs to Sss Closing II o
3A from the lowest, but 1as down on the
week on the sales of 10000 shares, an UNI
usually large total. Sugar was traded in to
the extent Of but 103, 100 shares, which has
frequently been exceeded by the transac-
tons Of single day. The fluctuations were
narrow, the high price of the week being
9O5s the low point SO and the closing S92l
which is only n below the previous Satur-
the trading and advanced 2A retaining ali
but q of the Improvement. The Vanderbilt
shares were In request during the latter
vances were recorded. including 2 per cent
in Michigan Central and pa in Lake Shore.
Illinois Central sold up 51a per cent.
retaining the entire advance. The buying
of the stock was largely for foreign ac-
count and was induced by the improve
ment in the earnings which permitted the
declaration of the full quarterly dividend at
the rate of per cent. per annum. Pullman
purchase of 100 shares. and closed Il be-
low the best. The specialties were more
active than usual and a majority Of them
recorded substantial advances. The grang-
ers were adversely affected by the action
of the United States Senate in postponing
consideration of the pooling bill and re-
coded a fraction in the early part of the
week, but recovered the losses with the
exception of st. Paul, which is &c off;
no Y. Rock Island and ST Paul preferred
~. The principal declines were: Toledo &
II
Ohio preferred q; Consclidated Gas. 2K
While the bulk iof trading in SATURDAYS
bond market was lower. the racessions did
not exceed fractional limits. The dealings
were light. and reached only $4,000 Adj
vances were. recorded of 2% per cent. in
Northwest sinking fund debenture fiyes
regular of 1893, and in Atlantic & Pacific
tours. The transactions for the week in
the bond market aggregated 1922 200. the
Atchison issues being most prominent
therein, and recording Improvement in
the fours of 29s and in the seconds of tx
per cent with a final reaction of ~ and 1
per cent, respectively. Most Of the issues
dealt in higher on the week notably
Union Pacific cold skies. 81: Peoria Deca-
tur & Evansville seconds, Michigan Central
fves of 1921 and Cincinnati INDIANAPOLIS
81. Louis {, Chicago fours. 2. Declines
Wheeling & Lake Erie f1rsts. 8; Northern
Pacific and Montana frsts, 2ss and Cord
age firsts. Louisville, Evansville & ST Louis
consol fves g
Government bonds were quiet and steady.
Sfrte bonds were d,,ll evcent for VirP'nias
The following table prepared nv James
r.. Berry. Room 16. Board Of Trade shows
the range Of quotations: