The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-01
BAR SILVER AT IS SIC.
CHINEsE-JAPANEsE ARMIsTIcE RE-
sPoNsIBLE FoR THE RISE.
Active Week ON Change, with n MIMI
her of Advancex--No Complaint
from Local Markets.

Money on call was nominaly 2 per cent.
Prime mercantile paper. 1861 per cent
Sterling exchange was dull but firm, with
actual business in bankers bills at S4.S9A0
1897 for demand and S4SSi4d4. SS1a for sixty
days; posted rates. s4.SshG4S9 and $3.50;
commercial bills. s4S7A94s7ls.
Silver certificates. 6715c; sales. $4,000 Bar
silver. 65szc; Mexican dollars. &C. At Lon
don bar silver went up to BOD per ounce.
The rise in silver Ii due to the granting
OF armistice and the renewed hope of a dec
iaration of peace between China and Japan
on terms which will compel China to pay d
heavy indemnity, thereby requiring her to
come into the market as a buyer of silver.
1t is expected also that with the close OF
the war a revival of trade in the East will
take place which will make an increased
demand for silver.
The New York weekly bank statement
shows the following changes:
Reserve, decrease-.-. .s..<.. s733 $50
Loans decrease. Us, 800
f essif te sndfease ass s soo
deposits, decrease ,S07, 900
circulation, increase. 529, 800
The united banks now hold SO, AS. 450 in ex-
cess OF the requirements of the % per cent.
rule.
Exports of specie from the port of New
York for the week were: Gold, $342, 1885,
silver, S47o.s54 The imports for the week
were: Gold, s2ss,s51; silver, 27,54s: dry
goods. $4.024.356; general merchandise, So
S4O,472
Total sales of stocks were 170,052 shares.
including American Sugar, $1,000; Amer
lean Tobaccos 200; Atchison, $780, Bur-
Angton, 2,100; Chicago Gas, 5000; Distilling
certificates. 1880; General Electric, 1000:
Louisville & Nashville, 5000; New Jersey
Central, 5000: Northwest, $500; Reading
100; st. Paul. ZOO; United States Leather.
ff,Svos leather d preferred, LOO; Wabash pre-
fair degree of activity characterized
the speculation on the New York Stock
In tone. large number of foreign buy
Ing orders were on the board at the OPEN
OF which could be accepted owing to the
rap1u advance in prices. The London mar
ket showed american securities in good
nuenced the market favorabIy with the
exception Of brief period Of depression,
pengs q pfees Saa Upward rGm s
close os ~ 4 raid on Chicago Gas
to inside interest Sugar rose III per cent.
closing n per cent. below the top figures
with a final reaction Of 3 per cent. The
other more important gains on the day
,s.as Delaware & Lackawanna, st. Paul
preferred and Edison Electric of New York
I: Union Pacific, st. Paul & Omaha, Mex
lean Central and Leather, TX: Denver &
ferred ia Canada Pacific and Lake Erie
g Western preferred, rs; Baltimore &
roraed rs psr esn Il e Pag
q Omaha preferred. and Cordage guaran-
teed; Ell, The market closed strong in tone
in volume to that of the week preceding.
At the opening the market was buoyant.
r reeord deaer r s1r6ng buying an advance was
tional Starch preferred. Before the close
was M1nGay h2eGyey S,c selling movement
nelng Tree seller of international stock
The depression continued in force EntiI late
son OF reports that the conferences Of the
coal roads presidents was not likely 10 re-
group SUFFERED most severely s aod New " fas
with H.. 2 break of 5ss per cent IN the gener-
on Friday and sent the prices Of '''s some me
sup n6tasy 81 n Fau sugar aan before the
lane; Atchison. Distilling truss receipts,
preferred va Tge ana leather sbars and
sharply, New Jersey Central regaining 5is
per cent, The local sales mere $4,000
s. on Feb q; sold up to 5ols, closing Within
q a.Hai. ~ dSttuii VI the HISHeSt. Erie was
traded In more largely than usual, and has
advanced rs for the common and 2Is for
the preferred. The principal gains II the
general list on the week were: Baltimore
e Ohio, 81; Great Northern preferred and
Starch. a Starch seconds preferred S; New
Hooking Valley. ~; Hooking Valley pre-,
ferreG, AZ; Canadian Pacific, 2M; Cordage
guaranteed 2. Declines = METROPOLITAN
Traction. z per cent, and st. Paul & Oma-
The, bond market, SATURDAY. was active
and firm, especially for Kansas q Texas
seconds The total sales We're 1851. 600 Nor
folk & Southern fives advanced per cent
Kansas & Pacific consols 2; Wisconsin Cen
trail frsts tx: Kansas & Texas seconds.
ffrsts. !. The speculation during the week
was less animated than last week but the
aggregate sales reached $4,000 The
main trend OF values was upward Ad-
vancss. have been recorded in Chicago &
Nashville unified tours. AZ: Reading FIRST
Incomes. as Baltimore Belt firsts. g,,aran
tced. and Detroit, MaclSinaw & Marouette
land grants. 315 and Kansas & Texas Sec
0nds ga. The only important declines were
receipts and in New Jersey Central first
cunvertibles of 1902
Government bonds were active and strong
throughout the week, notably for tie new
1soss which Is the highest figure vet
honds were $s17, 300 State BINDS were in
The Following table, prepared by James n
Berry, Room H. Board OF Trade. shows the
Open High Low Clos
Name Ing. est. est. ing.
Adams Express ~ -. -. 14a
IL.