The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-09-23
SOME WIDE CHANGES
NUMBER OF STOCKS SCORED HEAVY
ADVANCES THE PAST WEEK.
Money Situation still n strong Infiu-
ence ON 'ChanEe-LocaI Markets
Active and Fairly Firm.


cent: closed, IA per cent.
Sterling exchange was weak with actual
business in bankers bills at s4ssd4sels for
demand and s4.ssG4ss14 for sixty days;
posted rates. "a. sS1zd4 seiz and s4S9lzQ4.Soi2;
commercial bills. $fS71z.
Bar silver ct London was 30izd per ounce.
The weekly bank statement shows the
following changes:
Reserve, decrease. ................... 1924, 80
1oe-.s- LEI 10
Legal tenders. decrease.............. l,0iy,s00
Deposits, decrease. l5.zsl.sU
Circulation, increase -....--.-....... l5f,UD
The banks now hold s22.4a3.5c0 in ex-
cess of the requirements OF the . per cent.
rule. The exports OF specie from the port
Of New York for the week amounted TO
$l,7ss.377 in gold and s67.651 in silver. The
imports were: General merchandise, $685.
$50; dry goods. s.. SO sss; god s1ls.s45: silver
H.4s5.
The New York Financier says this week:
The statement OF the associated banks of
New York city reflects in part the effect of
rhe higher money market and the movement
OF money abroad and TO the interior The
unusually large decrease in loans s., $4,000.
coming after a continued expansion which
had increased that item from $50. 5000
on July z. to s522 sss.sOO on Sept. l6 can
be accounted for on the theory that loans
made at the prevailing low rates during
that period have been called in. Whether
the falling excess reserve. bringing with it
higher money rates. will still further con-
tract the loan account is problematic. The
rates for loans during the week ranged
around 2 per cent. The situation favors
the interior still continues and large
remsttances were made TO the South and
~ i,as ic ,S res a., ne = .it- ase AZ
With shs ss,bt yeas,,rv or witbdrsvals from
~ " p ", l1r .nas pulpos anu me heasy
30 I'm III tesai sa,nsd d,sr,pg t5 rrl nrs
week. when the heavy movement of gold
~ v. Pgb =, mas ne e,x 6 6vs heguaaen
T rha Foo too wa se al toss s sod MAS
eoinS to europe.
Tofai sales OF stocks on New York
ancludire: American Sugar. 1850:
Auerfcs,n Toharco & 100. Afchison mi rd
assessment paid. $500; Burlington. $500:
Chicaec Csas ~ zoo. Dist!Ilinr \ 100 Cen
eraI Elecfric 4SO0: Missouri pactfic 800:
READING. $500: Rock Island $500: ST Paul
- s01- Tennessee Coal and Iron 7 200
The stock marked Saturday opened active
and frrer1llar with hut slight changes in
prices The speculation soon assumed a
decided tone ard on comparativelv light
Sraiine sdvancss were scored The sd
vance in the reneraf marker was stemmed
Tor brief interval around lo: s q S.cle eek
late trading there was an easing off from
the top figures. in part due to the final
raid on Tobacco The market closed gem
eraIIv firm. and as a result of the DAYS
operatior,s Anal prices showed fractional
gains generally
The specuI alton during the week has af-
fortied ideal opportunities TO the profess
sional traders as the fluctuations have See
sawed violently in their direction. The at.
tent,on of the financial community has
again been chiefly drawn to the gold re-
serve. The Withdrawals of god have been
insignificant compared with the heavy ex-
ports of the preceding week, ard this
COULD not naturally ever fSvor<bl~
influence on the market The decrease Of
81 21 $50 IN the surplus reserve of the New
York associated banks bringing that item
down to 22.443.500 as compared with
S59974575 a year ago, has. caused expscta-
ton of higher rates for money In the eear
+. future. There is. temporarily at least. an
abundant supply offering at nominal rates
This fact has undoubtedly greatly facilitat-
ed the exfseue maripulation of the indus-
trials which have been the distinct feature
OF the specalation The movements in this
<iepartrnent have been characferizsd bv
tvpical frreeularifv and wide range Of
fi,,cf,,a fsoos Tcha ,co advanced or ner
cent To 1ca reaete5 40 es and e,ose,i ~ ea1s
net gain OF 81 for the wesk, Ghica %
Gas was rarkodup from 6lts to 91ib: il re-
recorsi,,~ net ~,se o. "a ncr 49, re- T,ho
sao;nnlat3on fas boon atter5ed h. renarts
NC ~ ,,s,,-, IA ,,c,,,c-s,,i
49, 49, ~ "a - ~ 80 "a III - =.
80. ~ 80 ..,~,~c--,- 49, - o.sss 80
siseb frse,,r,,, ,1rss., 49, VI.
., raS ~ ,o - ~ ~ Per
1ssss Iesvios nss g a. ,' ~ 5 51 eloscu a.