The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-03
THE INDIANA TRUST COMPANY
OFFICES S. Meridian st.
A STRING OF LOSSES
UsIN ON NEW YORK CHANGE
HAS HAD A DISASTROUS WEEK.
Some New Strength Added on Report
of New Bond I-syue-Noncy Rates
Higher-LocnI Markets.


At New York, Saturday, money on call
was 1902 per cent; last closed at 2, Of
fered at 2.
Prime mercantile paper, sac per cent.
Sterling exchange was weaker and I'M
settled. with actual business In bankers
bills at $4.soG4.s0A for demand and at $4.S7
@4.S7N for sixty days; posted rates. $4.ss0
ASK and $.Cs1s@4.9o1s; commercial bills,
t$4.Ssla.
Silver certificates. Go.sc bid; no sales. Bar
silver, 60c; Mexican dollars, 1890. AT Lon
don bar silver was 271sd per ounce.
The weekly bank statement shows the
following changes:
Reserve, decrease .................. 50, i2S, $50
loans increase ..............-.... lS6, SW
Legal-tenders, decrease. 12,645,7 700
Deposits, decrease ................. 1851, 400
Circulation, increase. 51,500
The banks now hold $50, Isl, 500 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 81, 2ss, 400 in
gold and $572,552 in silver. The imports for
the week: Gold, $166, 107; silver. sos, 744; dry
goods. $s,S75.076; general merchandise, ST.
145.745.
Total sales of stocks Saturday amounted
to 1852 shares, including: American Sugar,
1000; Chicago Gas. 1920; Distilling. 1900:
General Electric, $500; National Lead, ZOO;
Reading, 1900; st. Paul. 5000; Union Pa
cific. 1000; Western Union, 3, 100.
Speculation on the Stock Exchange was
generally firm in tone, but the volume of
business was light. There was no special
pressure to sell and there was at times fair
" 5000 buyigs. but the mystery attaching
tis's movements in New York and the bond
regulations caused a slightly unsettled
Ieeling on the street and checked the up
ward tendency. There was small buying
Tor the London account, but net of sufficient
was among the shares prominent in the for
eign. buying and was also q purchaser, the
moving influence being a belief that the
Reilly bill for the settlement of the debt to
the governmnt will boone q law. Chicago
Gas was bought by traders who look for a
change in the management. The market
was somewhat irregular in the final trading
and closed rather unsettled, most of the
stocks dealt IN showing advances. Specula-
depressed owing to a combination of adj
verse circumstances, among which were the
probability Of the Iass 5 Of ne felp pooling line bill
the liquidation OF American securities at
New York and IN Tendon by foreign hold
provision markets, the sharp rise in the
rates for call money. the appointment of re-
outlook for congressional action on the
treasury relief measures. Stocks touched
figures lower than at any previous time dur
ing the month, while seventeen others sold
on a parity with the previous bottom nriccs
During the last half of the week a more
The cancellation on Friday Of large orders
to ship gold on Saturday, which was due to
change. rendering gold exports Improbable.
was a feature In stimulating the market.
The, main feature Of the trading during the
week was General Electric, in which Iiuui-
dalton was plainly perceptlble. Among the
other securities some heavy declines were
made ranging up to 8 per cent. the latter
In METROPOLITAN Traction. bfIf a ma iority Of
the depressed shares were higher in the
final dealings; Among the more important
changes on the week are: Declines-Balti-
more & Ohio Southwestern preferred, 5s
per cent. Norfolk & Western preferred, sss;
Long Island, 8. Advances-Tobacco. : per
cent; Hooking Valley, pa. and Pacific
Mail. u. The sales aggregated 972, 500
The bond market was somewhat irrepu-
iar, put In the main Arm, with total sales
90 Son sfs sSort-l Adva anns,, were recorded in Ore
Iaclede Gas fves, III and Chesapeake e
Ohio four-and-a-halfs. Kansas & Texas. Of
Wabash second, l..
Deciines-Louisville, st. Louis & Texas
M 4 D. f Rer ee & Nor aonssS Z We s Mas ni,ncs
Valley division tfrsts, sold at so. against So
for Il at p the Close saie T'be eu bo 70 was msr sniy bid
generally heavy during the early part of
the, week, and the dealings were attended
were conspicuous sellers, and there was
considerable local liquidation, causing a big
slump In the prices of numerous shares.
The speculation was marked by a healthier
tone in the later dealings. but the recov-
cry was only partial and most OF the mort
cages traded In show declines. The total
sales were IS. 7ao, 300. and the more notable
firsts. 6i5; Union Pacific gold skies. az:
knasas Pacific consol skies. Evansville &
st, LOUIS firsts and Wisconsin Central firsts.
I, and Chicago q Erie incomes, 3. Advances
-.-Housotanic fves, rs per cent, and Mich
igan Central fves of 1881. 4 per cent.
Government bonds were strong for fiyes:
lower for tours. State bonds were mac
tive.
The following table. prepared by James
il. Berry, Room l6. Board of Trade. shows
the range Of quotations.: