The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-09

demand and s4s7s4q4sS for sixty days;
posted rates. s4ss1zff4-S9 and s4S91za490;
commercial bills. $4S7.
Bar silver, 667sc. Mexican dollars, SAC.
at London bar silver closed at so 3-16d.
The exports of specie from the port of
New York last week were $3.lS3.4 S7 in gold
and H.0S5.So5 in silver. The imports were:
Cold, 1854; silver. sss.l12; dry goods. $751;
BIG; general merchandise. $3.50 1850.
The New York weekly bank statement
shows the following changes;
Reserve, increase ................H,6 $50 975
San i. uecrease ----.-.---.--..--...--- go'S ~
Specie increase ....--....-...-...... l,ZzO, fUO
Legal tender, increase ............... 200
Deposlts, increase --.----------- sys5yV
Circulation. Increase ........-...--.... Al. 100
The banks now hold s2o.294.275 in excess of
the requirements of the % per cent. rule
The New York Financier says: The state
ment OF averages of associated banks of
New York city for the week ending Dec.
shows continuation of liquidation in loans
which has been a marked feature of this
statement for twelve weeks past. The loss
IN loans since Sept. IA has been no less
than S3,ooo.0o0. The loan item for the week
ending Dec. was only 100000 in excess
OF the lowest point recorded during the
present year, or on April last. Deposits,
however, on that date were only S5O0UOO 600,
ended. If the gold exports of Saturday had
Deen inquired .b IN the statement. deposits
heavy from the ntero BUT the
shown In the gain Of $780,. 800 In cash by
the banks This expansion promises to
continue Tor some time TO come, IL the do
mestic exchange figures are a criterion.
Shicago quoted New York exchange early
IN the week week as high as SIC and soc. and
through the West. Although the recent in
crease In express currency rates may have
had something, TO do with this, the move
meQL cd w
developed strength, and the losses through
treasury operations are to a great extent
OF the cash increase. it might be noted
that H22o. 400 of the total amount was in
York banks as ea 9% as1a t or N ssin
of nearly 100000 since Oct. II. The total
gold holdings, however. are sl4.OOOOOO less
than reported last February.
The total sales of stock on the New York
Exchange saturday were $4,000 shares, i'm
Guiding the following: American Sugar 81
200; American Tobacco, 50 200: Burlington
200: Chicago Gas, IA. 200; Distilling and Cat
tle Company LOO; Louisville & Nashville.
states Leather preferre 7soo TSe m onitea
opened active and weak. a genuine sensa-
ton being caused by the sudden discovery,
paper advertisement, that the directors OF
the American Tobacco Company. while de-
cha tarims the rssd ECU quarterly dividend on
dend on common shares. A flood of selling
orders was expected and occurred The
was Of 5000 shares at from 70 TO TO- the low
figures. representing decline of from
yesterdays closing. A rally ensued entirely
on covering, to l3. Fresh liquidation in the
last hour sent the price down TO 67ls Tho
closing was the lowest of the day, and
presented a net decline of 1l7s per cent.
The transactions in the stock footed up one
half of the entire dealings for the day
and amounted in the first fifteen minutes
of business alone to 10000 shares. The pre-
ferred stock is down 2H per cent The other
leading industrials displayed considerable
weakness at the start, Sugar losing Ia,
Gas liberal fraction. The concessions II,
the railway list were slight Soon after the
opening smart rally occurred. Sugar re-
covered 23s. Chicago Gas Ia per cent. and
other shares fractions. The renewed at
tack on Tobacco Oh the last hour exerteo
kef and particularly the other industrials.
Leather preferred and Sugar sustained
losses of Ia per cent each and Chicago
Gas and Manhattan per cent. Reading lost
nearly a point Speculation closed active
and weak The aggregate sales were 1885,
The industrials were also the features of
the weeks speculation. Sugar sold up per
cent, to 1865. receded 10 1925, rallied to
b Ss made an early iri gain Of almost per
cent, TO S31a, then fell to l6A rallied to
5sA and on the passing of the common
low point. and at a decline OF l4ts per cent.
Chicago Gas had an almost uninterrupted
advance during the week. the star. gain be-
ing made on Friday, when the stock jumped
8 per cent, to 6eS4 on the decision of
Judge Showalter in the Pitt-Barrows case.
This decision was regarded as practically
removing all legal obstacles to the CONSOLE
dation of the properties, as we'll as block
ing the long-continued specializing interfer-
ence with the company This made the full
rise per cent. On the following day the
prices touched 20. and the stock closed at
50. an advance on the week of Ga per cent.
The railway shares exhibited dropping
tendency. The Presidents message had no
ton of the dividend on Northwest common
stock to a per cent. annual basis exerted
only passing Influence Reports of earnings
of some Of the leading lines which came
Uncertainty as 10 prospective financial re-
lief legislation, the continued gold exports
and steady selling of our securities for for
eign account, all contributed 10 check i'm
sales for the week were 40 100 shares of
which total dealings in Sugar. Tobacco.
Chicago Gas and Leather comprised 1906
400 shares. Aside from the changes In prices
noted, Laclede Gas preferred advanced 5
and Delaware & Hudson -. per cent. Or
the other hand, Baltimore & Ohio declined
AZ and Rubber per cent.
The railway bond market was lower Sat-
urday. Transactions amounted TO $685. 900.
The dealings during the week were moder-
ate in volume and the market had a sag
movement The aggregate sales were S.
10 900.
Government bonds displayed some irreg-
uarity. but the variations were slight and
as compared with the preceding week s
close. The sales were $4,000 State issues
were quiet. with transactions aggregating
$1,000.
The following table. prepared by James z.
Berry. Room 10. Board OF Trade. shows the
range OF quotations:
ing est. est ing.
Open High Low Clos