The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-10-07

closed at ? per cent
Prime mercantile paper. 4Aa5z per cent.
Sterling exhange was dun. with actual
business IN bankers bills at sis7Aa$4-sS
for demand and A-ssa.@4-s7 for sixty days;
posted rates. $4.s7d4.sS and slsSd4S9; com
mercial bills. S.S5AQ4sS.
Silver certificates. s7s6s7lsc; bar silver.
6s4c; Mexican dollars. 55hc. At London
bar silver was 3oAd per ounce
The weekly bank statement shows the
following changes:
Reserve, decrease .S,S2l.6J0
loans, decrease ....-.-......-... 1,lI4,00o
specie. decrease s5yovS
1esdI lenders, decrease ............. l,5ifi.3y
deposits, decrease .------------..--- s,03l, 900
Circulation, increase -.----...-.-.-. 151,6o0
The banks now hold SIG. All SIS In excess
of the requirements OF the % per cent. rule.
The exports OF specie from the port of
New York for the week amounted to $685.
900 IN gold and $751;. sos in silver. The i'm
ports were: Gold, $751; 81; silver, 81, Sis: dry
goods. S.li3.os7; geseral merchandise.
37.75s.7 sz.
The New York Financier said Saturday:
Decreasing deposits and loss of cash hold
tnss are the distinguishing features Of the
New York bank statement for the week
ending Oct 5. The clearing house banks
held last week only $l5l, 4ss. 400 in cash.
which Is q loss of thirty~one millions since
June I last. and OF $l. $50. 900 since Aug.
81 last. This money represents in part the
gold export movement. but more than any
Thing else the demand for the interior.
line actual loss for the week was $S,0S3. 900,
Of which s739. coo was in specie and s7.s4i,so
legal tenders Deposits are down 10 $780,
gssy5ov. the loss for the week being $4,000
fallen on since June / over 81. ooo.o 900. and
since Aug. 81 $33,J00,O0. The deposits of the
New York banks as reported for the last
Week are nearly fifty million dollars less
than for the corresponding week in 1894.
The total sales OF stocks Saturday were
36; 500 shares ! including; Sugar. $500; To-
100; Burlington. 400; Distilling. 5000;
Heading $500; Rock Island. 900; st.
P nssasa 49, CO. silver sgo. ce7rtiaeateS; lS;ooo; Ten EN-.
United States Cordage. $500; Wheeling &
The stock market opened dull and lower
not make much Roadway. as good buying
IN Chicago Gas sent that stock up l per
S Tor. a ana he served cIeds TO rally The general list
tive drive was made at the coalers in which
Lackawann lost ~ per cent; New Jersey
SON. *. and susquehsnna & Western pre-
considerable weakness. dropping * per
reported settlement between that trust and
the large plug manufacturing interest. The
general market and more especially the
va ut0 LE0etQs
Speculation left of weak in tone.
The course OF prices for the week has
been downward. At the outset a drop in
Foreign exchange occurred. caused by in
creased offerings Of cotton bills and stop
ped the gold export discussion, resulting
in a moderate rally in the general market.
ever. and the market became stagnant
with the usual effect OF such a condition.
2 weaker tendency to prices An inn
On the speculation has been the concentra-
1ion OF interest at foreign financial centers
y, mhi sas P sss n IN 6 oniS d sSaa %,ains st ssaTss;
from our securities. but has also COM
PEELED sales by foreign dealers TO fortify
TO any indications Of a resumption OF dis
cussion relative to our currency situation.
Railroad earnings and the news generail,
able, yet the volume of business Is lighter
than that OF the previous week and the
market has 1uctuated within a narrow
nents both In point OF activity and extent
OF fluctuations Chicago Gas has ad-
vaneed on the expectation Of favorable out
filling die not restrict fs''I the p RS
g gSs ss=os ssssIsmsns Of e6mm ,hs sss saa bs ssrms2
managers of the property. Sugar was ir-
regular on pool manipulation and shows no
ures of the week have been an advance of
80 per cent. In L~ackawanna, to ia, the
best price OF the year, and a subsequent
reaction to a point 1 per cent. below the
closing of the previous week. II left OF
at 1917. A temporary advance in call
money rates TO 3 per cent. which was not
sustained, was also an incident. Further
advances In anthracite coal prices are re-
garded as evidence that the controlling
interest in the great corporations have
become centralized- Chicago Gas. Tennes-
see Coal and Illinois Steel closed higher
for the week; The ~arst-nsmed declined
and rallied to O4. establishing a net gain
OF Ia per cent. Tennessee Coal lost a frac-
ton early In the week. then jumped IA. TO
43A. and reacted to 49, In the final deal
cent. Illinois Steel was prominent in the
speculation. II rose so, to S2A. and left
on ~ per cent higher. Final prices are
generally below the closing sale of the
preceding week, with the more material
losses In the specialties as follows: Evans
Haute. 81; Chicago & Eastern illinois pre-
3erred. 24: Tobacco. 2%; Baltimore & Ohio.
~, and Erie Telegraph, 2 per cent. The
sksregate sales of stocks were LIN. 500
Bonds were quiet. and, as a rule. easier.
prices was somewhat irregular during the
week as regards the speculative issues.
and these left of generally fractionallv
lover than the final quotations Of the pre-
vt0us week.
Governmsnt bonds were active and
strong The sales were 1855, 600. chiefly of
were recorded of $4,000 Virgins SKIES
deferred trust receipts stamped: $4,000 yir.
ginia centuries
The foIlowine table. prepared by James r
Berry, Room Is. Board OF Trade. shows the
senso - e"o'an ~.