The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-18
SMALL ADVANCES RECORDED IN
WALL STREET SATURDAY..
Compared with n Week Ago, How
ever. shares Are Lowcr-Fentures
of the Indianapolis Markets.

Reserve, decrease. Observation-Disclosures. So 800
s speeis d decrease ls 81 sSS
Legal tenders. decrease. 4l,600
Ceposts decrease. z'25e'o oo
Circulation, increase ........e-....... l36, 4o0
The banks now hold $33 5l3, 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 $685. 206 in gold
and $5506iS in silver. The imports for the
week were: Gold, s217,sS9; silver. $500;
dry goods s2.074652; general merchandise
si2lS,31.
Total sales of stocks at New York. yes
terday, weres7974S shares, including the fol-
lowing: American Tobacco, 3,100; American
Sugar, $500; Burlington. 400; Chicago Gas.
$500; National Lead, AGO; New Jersey Cen
trail, $500; Northwest. 300; st. Paul. 3.4o0.
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
to the closing out of short contracts
sunday At the opening speculation was
strong in tone, and a fractional advance
was reached The improvement not,
however. maintained for long, break of
Ia in National Lead causing sympathetic
reaction in the general market. New Jer-
sey Central was also attacked, and broke
"a. Before IL O'Clock the temper of specu-
ter Lead having recovered Ia. New Jersey
central rallied rs on covering of short con-
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 1sQ1& 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
merely added slightly to the existing depres-
unfavorable reports of railroad earnings no.
taply or the granger roads. The publica-
ro on oa the had terms as,a on WHICH the
syndicate had good effect The rea"re@ents
from Europe and that which bound the syn
oicate to use its best endeavors to prevent
Withdrawals ,h OF gold from the treasury. were
OF the market. implying as it does the con-
keep rates below the gold SHIPPING p p @i +
The bears attempted to exaggerate the inn
portance of the purchases of some gold in
the open market the buyers paying COM
mission OF asqla per cent to bullion brokers.
But the effort to create a scare on the gold
feature of the share speculation through
out the week and suffered from heavy liqni-
The primary cause of the break was Current TT I,
rumors to the effect that an insider was
selling the the stock In the latter part Of the
which resulted in a rally of Az per cent.
Street gossip to the effect that the affairs
would soon be transferred to the care Of
receivers resulted in u slump in the stocks
The closing trading OF the week disclosed q
demand for the issues and they were marked
up to Az, 67s and 141a respectively
the net losses being only Is for the com
mon, 1 for the preferred and u for the
guaranteed. Sugar while most prominent
in the trading, moved within compare lively
narrow limits. In a 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, 81; Erie pre-
ferred. ~; Alton & Terre Haute, 21a; Lead
gA; Chicago Gas, rs; Burlington ~; Dis
filling, IL, and Rock Island, x. ST. Paul is
unchanged The aggregate sales Of the
week were 100000 shares.
The bond market, yesterday, was firm but
dull, the sales aggregated 1906, 000 Advances
were made of per cent. in Louisville e
Nashville, Pensacola & Atlanta frsts. Union
Pacific, Denver & Gulf firsts are down 2
per cent, and Louisville & Nashville New
Orleans & Mobile firsts, Az per cent The
trading during the week was extremely
apathetic and unnteresting, save in a few
OF the inactive mortgages. The final sales
are for the most part below the figures pre-
vailing week ago. The total sales were
$3,457500.
Government bonds showed more activity
than for some time past, the combined
sales aggregating $4,000. The fives show
an advance of e and the fours of 81 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
r. Berry. Room 16. Board of Trade shows
the range OF quotations: