The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-17

Circulation, Increase ........... 1876 400
The banks now hold $33, ,425 in excess
OF the requirements of the % per cent. rule.
The exports of specie from the port Of
New York for the week were $63, 2O6 in gold
and s550,643 In silver. The imports for the
week were: Gold, $217, $50; silver. $500;
dry goods, s2.07a,652; general merchandise,
$4,2lssn -
Total sales of stocks at New York, yes
terday. were 79.748 shares, including the fol-
lowing: American Tobacco, 800; American
Sugar. $500; Burlington, 1900; Chicago Gas,
$500; National Lead, 400; New Jersey Cen
trail. 500; Northwest, $780, st. Paul. 3.4OO
The stock market, during the two hours
of)business yesterday, was very irregular in
Its movement, but in the main inclined to-
ward higher prices, this tendency being due
70 the closing out of short contracts over
Sunday. At the opening speculation was
strong in tone, and a fractional advance
was reached. The Improvement was not,
however. maintained for long, a break of
TX In National Lead causing sympathetic
&action In the general market. New Jer-
sey Central was also attacked, and broke
"a. Before IL O'Clock the temper of specu-
lation had undergone a change for the bet
Ter. Lead having recovered IA. New Jersey
central rallied rs on covering of short con-
tracts. and the remainder of the list moved
up under similar influences. About IL 80
there was slight reaction. but in the final
trading the market was firm and closed in
good tone, the greater part OF the shares
dealt In being 1sa1A higher, ON the day.
speculation was restricted in the earlier
part of last week. AS but little hope was
entertained Of congressional relief to the
financial situation the defeat OF the bond bill
sion. Another factor of weakness was the
unfavorable reports Of railroad earnings. no.
t tan,y OF the granger roads. The publica-
government had sold it's four-per-
cent cent bonds to the Belmont Morgan
which provided for the Importation of gold
from Europe and that which bound the syn-
uEaae 20 use It's pest endeavors to prevent
looked upon as most favorable to the future
orr oIr;he market, implying as it does the
keep rates below the gold shipping point.
The bears attempted to exaggerate the i'm
the open market. the buyers paying a COM
mission OF ssMla per cent to bullion brokers.
was ao the gold
feature OF the share speculation through
out the week and suffered from heavy liqui-
dalton. Tobacco was forced down Ia, to "a.
The primary cause Of the break was current
rumors TO the effect that an insider was
week there was evidences Of inside ' buyi me-
which resulted in. a rally of IA per cent.
Of the United states cordase &c com asils
would soon be transferred to the care of
receivers resulted in slump IN the stocks.
up to Az, e5s and 14iis respectively.
mon, l for the preferred and q for the
guaranteed. Sugar. while most prominent
in the trading, moved within comparatively
narrow limits. In majority of instances
the last figures of the week are below those
OF the preceding week, the more important
losses being: Wells-Fargo Express Com
pany per cent. Canadian Pacific 37s:
Edison Electric of New York. 3A; Erie pre-
ferred %; Alton & Terre Haute, 21a; Lead.
"a: Chicago Gas. rs; Burlington, q: Dis
tilling. Y, and Rock Island, Il. st. Paul is
Unchanged. The aggregate sales of the
week were 100000 shares.
The bond market yesterday. was firm but
dull the sales aggregated $306000. Advances
were made of per cent. in Louisville &
Nashville. Pensacola G. Atlanta firsts. Union
Pacific. Denver & Gulf firsts are down
per cent, and Louisville n Nashville, New
Orleans e. Mobile firsts, Az per cent. The
trading during the week was extremely
apathetic and embarrassing, save in a few
OF the inactive mortgages The final sales
are for the most part below the figures pre-
vailing a week ago. The total sales were
&.45 500.
Government bonds showed more activity
than for some time past, the combined
sales aggregating $4,000. The fives show
an advance of % and the tours of 3. per
cent, which is due to the high bids made
Tor the new four-per-cent. loan taken by
the syndicate.
The following table. prepared by James
f. Berry. Room 16 Board OF Trade shows
the range OF quotations..