The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-28

days; posted rates. $3.50 and $3.50; CONNER
cial bills, $4S7AM4S7Is
Silver certificates, 59s4c bid; no sales Bar
silver, 595sc. Mexican dollars 485sc AT
London bar silver was p 5-16d per ounce.
The weekly bank statement shows the
following changes:
Reserve, increase. .................... S4l5315
Specie increase. ....................3 >, 800 300
Legal tenders. decrease............. 3, 5o2. 800
deposits, decrease. :, ~ 80
Circulation. decrease. .............-.. 9l2o0
The banks now hold s45SS0, 40 in excess
or the requirements of the % per cent. rule
Total sales of stocks were G., l02 shares
including: American Sugar, $500; Burning
ton, 24oO; Chicago Gas, 100; Distilling,
100; General Electric. $500; Louisville &
Nashville, 1900; National Lead 1861
National Lead preferred, 1000; Northwest
ern. 1900; Reading, l,60o; St. Paul, 1900.
The leading feature of Saturdays spec
ulation on the Stock Exchange was the
renewal OF the liquidatons in Lead COM
mon These shares were heavily pressed
for sale. it is believed by insiders, who
are in position to know the company's
affairs. The character of the selling. there
fore. caused more credence to be given to
the rumor that the common stock was to
be taken off the list of dvdend-payers.
AT the opening the shares were X per cent.
lower and a further sharp decline of Az
per cent. took place. In the later dealings
Of IyfhGj cs Oh a per cent was recorded,
close, making the decline "A per cent;
Lead preferred declined steadily through
out the day in sympathy with the common
ana Is down 2ss per cent from the final
sales of Friday So far as is known there
is nothing in the condition of the company
TO account for this depression in the value
OF tne shares. but the street accepted the
se cn,,a as s indicative Of the views Of those
1as opened " lower, and then advanced "
on the covering of late contracts. report
the opposing interests in ei the company had
vDeen affected. The higher range of prices
Was not maintained for long, and de-
selllng, the last being the lowest price of
the day. Most of the other industrlals are
was small seller of st. Paul at the open
ing; put without depressing the stock,
crease Of sos in the D De nG net earn
ings, Inc other grangers We're strong, in
s sapa Most Of the railway stocks
tone except within the last half hour, when
due to a belief that Immediate action
would be taken by President Cleveland
, W,an View to restore confidence in the
ao pen, when such step is regarded as alb.
view mssket Closed Ana r on this point Of
me ,, week mas been disastrous to the Waite
OF railway and Industrial shares and the
six of the stocks traded in, while some
shares sold below the bottom figure of last
gold was one of the most depressing infiu
ences OF the market invo, ing as il did n SER
.o nd decrease in the treasury gold reserve
ana u heavy draw on the gold coin in the
vaults of the treasury available for the re-
ae,npt,i eil OF gold certificates. Liquidation
receivership roads and in several of the
low priced stocks. Heavy blocks of Lad
Ing 1t to belief in current rumors that
the payment of dividends on the stock would
Ing annual statement would be unfavorabie
The net loss on the week is 81 PEI. cent
Lead preferred also shared in the nv naSs
and made decline of 5ss per cent Reading
owing to the threatened forec, ,gn,daton
eee bsn ana gaye way 4as to s the last
the Stock woud Be- the heavS Reports that
rife and the fact, that a prominent ins.der
y was letting his holdings go was another
Tered severely. Northern Pacific preferred
on reiteratlon Of the statement that an as
g a gown No 81 Ml'A Pacific final eom nalg
Tssihsa he ecrak ow Shares prize Ms
animated. continued on their downward
Sas; - the he pElsss Of ff Ss fse first St
the week these stocks are off 49, IL and
lss respectively. Union Pacific attained an
Of the week but oWards Il the the eo ssr part
ion OF long accounts caused decline of
H. IA to 81. the closing price being 4 below
5ected to drive which carried the shares
TUwe ~ IRON ~ b to e. the last price being
ties were hammered down on a report that
t me company employees were preparing to
common fell off III to gu. and the nrefa,.rnd
81 ST. to spa S2h. Which are the lowest figures
cent Illinois Central broke sda az a 's se ser Psr
mainly on sales for the foreign account.
on the announcement of the decision in
f ray OF the trust by the supreme Court
the Anal dealings AZ ss's' nd recovering in
changed l., on the week. The 'g grangers
he senate at eepy n b the sek but when
amendment there was sharp rally A sub
ssequent announcement 10 the effect that
attack by those Senators desiring amend
ment to t. brought about reaction which
on buying induced by st. Pauis favora.
hle December statement. The losses on the
The coal shares made material ri lslana
extending to Az in New Jersey Central
c end 80 n I pela \, s Hudson with re-
was sold down from 1855 70 1854; resin
on the week.: The aggregate sales For the
week were 717,7S4. Declines of note are.
Evansville & Terre Haute, 5 per cent Erie
Telegraph, az: Pacific Mail, ga: Lake Erie
< Western preferred, 8; Wheeling & Lake
Erie preferred and Susauenanna
& Western preferred, rs; Sus-
quehanna common IA. Leather pre-
ferred 2A: Tobacco. 2ls: Cotton Oil, Cotton
Consolidated Gas, 2; Louisville & Nashville,
~. and Chicago Gas Ia. Wells-Fargo ,ex-
previous transaction at 12S being made some
time ago. Quick Silver brought 1914. against
u.s. the last sale. A few shares show gains
on the week, including: Pennsylvania Coal.
~ per cent; Buffalo, Rochester & Pitts
burg preferred, 3: American Gable, ?, and
Erie preferred, IL.
The bond market was quiet and generally
heavy during the two hours of Saturday.
The aggreg lte sales wore Si5l, 500. The spec
uation in the bond market for the week
mas been heavy and the general bond trend
CT prices downward The aggregate sales
We're &C. $4,000. The main feature of the
trading was the Reading issues, some sales
or which were registered at the lowest ever
declines in some of the usually inactive
mortgages and final prices are generally at
a liberal recession from the previous Satur-
days closing. The net losses are: Cordage
frsts. per cent; Central Pacific land
grants. 90; Union Pacific, Denver q Gulf
firsts, AS. and Reading fours 2ia; Reading