The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-07

Sterling exchange was dull, but firm, with
actual business in bankers bills at 81 $3.50
4.S9A for demand, and s4.sshN4.ssA for
sixty days; posted rates, $~4.S3lkQ4.S91a and
A.9014SO19; commercial bills, $4.S715.
Silver certificates, 66Q66Ac; no sales; bar
silver, 653sc; Mexican dollars, 521sc. Bar
silver, 20 15-16d at London.
The weekly bank statement shows the
following changes:
Reserve, increase. S516 475
Loans, decrease. 2OS5.8OO
9pecle' decrease: l,107, zoo
deposits, 3.417. 900
Circulation, 1888, 400
The banks now hold S13, 929, 95 in excess
of the requirements of the IS per cent. rule.
The exports of specie from the port of
New York for the week amounted to $685.
6o2 in gold and s431, 20 in silver. The inn
ports for the week were: Gold, $1,325, 9S9,
silver. $47, 3Oo; dry goods. 2,524,961 general
merchandise. $7,Og2, Ill.
Total sales of stocks, 1852 shares. in
Guiding: American Sugar. $500; Burling-
ton, 2,ec; Distilling, 400; Erie, 2,0O0; Cen
erai Electric, $500; New Jersey Central,
b,3Oo; North American, 1850; Reading, 81
coo; Western Union, $500.
During the two hours of business ON the
Stock Exchange. Saturday, trading was
irregular, but the tendency of prices was in
the main downward. At the opening there
was little animation to the market, but
on small buying to cover contracts, chiefly
in the coal shares, prices took an upward
turn. Before IL o'clock the market had
taken d step backward and speculative
buying was heavy up to the close. The
losses OF the day ranged from Is to Is per
cent.
During the past week the market has been
less active than for some weeks past, with
largely OutnuTnDef the advances while 4 no
aggregate sales reach 93S,000 shares, 1876
stocks being dealt in. At the opening of
the advance in Americans on the London
exchange. the improved outlook for the
crops and in part to the appreciation in
silver. In many cases. the highest figures
OF the year We're reached, among others
higher prices induced realizations which
encouraged the bears to attack the market
which New England was the chief sufferer,
selling down z1 per cent, Of which rs was
OF the week trading was dull and
irregular, the depressing influences being
the unfavorable traffic returns for March,
foreign selling, realizations of profits and
doubts as to a favorable outcome of the
pending negotiations between the presi-
The closing of some of the Sugar Trust
refineries was used as a wedge against
104A. General Electric was heavily dealt
in, and was alternately buoyed and de-
pressed according to the tenor of the news
disseminated in the street as to the much
heralded General Observation-Disclosures
combination. The Cordage shares were in
the guaranteed stock. Manhattan, on light
trading, jumped 3s per cent. to 1872, which
Z per cent. to SS1s in Metropolitan Traction
attracted little attention. There was a ru-
NOR that the company had not earned the
recent dividend declared on the stock. The
fact that the management ~contemplates is
suing a large amount of bonds shortly was
also said to be a factor in the break. The
~company's officials state that there was
nothing in the affairs of the company to
warrant the decline and professed ignor-
ance as to the cause. The accession of
New York capitalists to the board of direc-
tors of the Tennessee Coal and Iron Com
mand for the shares, which show a gain
of 1ss per cent.
and generally firm. The Oregon Navigation
issues were the feature of the dealings
moving up 5 per cent and Oregon trust
receipts and collateral trust fives, 4 per
S cent. each. The sales aggregated s546,o 90.
earlier part of the week in speculative
mortgages. some of which made material
were plainly discernible in the securities
of this class and recessions were made.
orally traded in and moved independently
of the speculative bonds. The aggregate
of last week, but the dealings were more
widely distributed. The weeks transactions
we're plainly discernible in the securities
New Albany c~onsois, 31a per cent, and
Oregon Improvement consols SIS, 81 per
cent. Among the principal gains are:
Peoria, Decatur & Evansville firsts, Evans
vile division, AZ; Central Pacific skies.
Chesapeake g. Ohio extension fives, A; Grand
Trunk first trust receipts, Az.
Government bonds were in lighter de-
mand during the week, sales aggregating
only $4,000. There were significant changes
in values. State securities were dull ex-
cept for Virginia centuries of which $lss,O0o
Were traded in.
silver certificates Were strong on Monday
and sales were made at SIC against 67Isc.
the final transaction of last week. Later
there was a break to 654c,a with 66c hid
at the close. The total sales were $120, 900.
The following table, prepared by James E.
Berry, Room 16, Board Of Trade, shows the
range of quotations: