The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-25


Prime mercantile paper. 3isM5ls per cent.
Sterling exchange was dull but firm with
actual business In bankers bills at s4SSA
Qs.ssls for demand and at s4.s6s4m4S7 for
sixty days: posted rates. s4.s7iza4sS and
NSsa4.s9la: commercial bills. sl.s6.
Silver certificates 60lsc bid; bar silver, 6oc
per ounce. Mexican dollars. 4sc. At London
bar silver closed at q 9-l6d.
The weekly bank statement shows the fol-
lowing changes:
Reserve. decrease 81, CSC, 200
Loans, decrease ...-..............-... $500
specie decrease: ..................... 6,yS6, 0O0
Legal tenders, increase. ............. 2,376.e00
deposits decrease .................... 1874, 800
Circulation, increase ................ PSI 800
The banks now hold $50, 725 in excess
OF the requirements of the 25 per cent rule.
The exports of specie from the port Of
New York for the week amounted to $101,-
9S5 i'm gold and s49S, 1O2 in silver. The i'm
ports for the week were: Gold. $l272.sO5;
silver, s2.5S2; dry goods. $4569,17s general
merchandise, s7,o69,7S5.
Total sales OF stocks were 70, 700 shares,
including: American Tobacco, 400; Ameri-
can Sugar. s.4Oo: Dstilling. 1850; Manhat-
tan. 300; New Jersey Central, 200; North
west, 400.
The stock market very dull during
the first hour Saturday and generally firm
During the last half hour the trading was
Ahoic active, DuL the SpecuidtlOi Was I'LL
settled and at the close prices were very
irregular. the last figures made being in
majority of instances below the final
sales Of Thursday. There were good
many buying orders in Distilling at the
opening. The stock rose l per cent.
heavy purchases but reacted on sales to
realize profits and closed " per cent. below
the highest point touched. Manhattan sold
up per cent. lost the entire Improvement
and rallied u at the close American
Tobacco. after an opening advance of u
broke IA per cent. on fears of unfavorable
decisions in pending litigation. The clos
ing sale was at an advance of Il from the
esc. but broke per cent with tn ees subs 70
quent rally OF y per cent. and final re-
s ae'Io Of per cent Northwest was the
played any activity. fuctuatins within Ia a
limit Of y per cent. and closing unchanged.
were very light and the changes in the
usually active list were Insignificant. The
Cordage shares were strong and made gains
of Ia per cent. In the guaranteed, p in
preferree. and y In the common.
ernment four-per-cent; loan was one of the
favorable incidents. but had little effect
bill is dead for this session on the other
hand; was depressing influence; The in
were alternately strong and weak, as best
suited the purposes of the manpulators
Under pressure Tobacco dropped from 81 to
Sfss, subsequently recovering to 877k and
cent The preferred IS down e me IL ~f per
cent Lead showed considerable strength
in the. early trading and rose per cent,
but when It was announced that no divi-
dend would be declared break of 3A
cred, restricting the net loss to y per cent
The preferred has advanced 2h per cent
Of Il per cent: to IS was attri bteaI' to to
liquidation Of Ions. accounts. Bay State
sales for the Boston account the shares
went down. 2% per cent. to 14N. with a
rally to li6,s. and subsequent break to
15la, making the decline on the week 25s
coal trade and the lack OF concerted action
of their revenue from this traffic was made
use OF by the bear traders to hammer the
market. susquehanna & Western preferred
wanna, IA to 151s; New Jersey Central. 2 to
SIN, and Delaware & Hudson. 21s to l25. La
ter, announcements of a possibility of
amicabie arrangements resulted in gem n.
eral rise Susauehanna & Western preferred
ware & sIundson to 12s and New York
Gentral TO- sa.s; a growing belief that a
holders sent Erie common down IL IL toss to 81
and the. preferred 31a to 16%. A partial
T f y " ana and ss a met loss the
clines; Evansyiiie s Terre Hauts, 5 per
cent, and Nickel Plate second preferred 2
advances: Consolidated Gas, per cent:
Quicksilver preferred, 3A; National Lin
seed, 2.
The bond market Saturday was active
and generally firm. The St. Louis South
western issues We're a marked exception
and made material declines. The sales of
the day. were s624.000 The trading during
the week was animated at times and the
aggregate sales are $f.46S,0O0 The tone of
speculation has, in the main been firm In
the generally active mortgages the changes
are slight, but some issues show material
losses. notably Susquehanna & Western
refunding fives, ga per cent; Keokuk & Des
Motnes firsts and st. Paul, H. & u. sevens
9; Flint & Pere Marquette skies, 37s. ST
and Northern Pacific thirds and Peoria
DECATUR Evansville firsts, Q per cent
Government bonds were firm. State bonds
firm.
The following table. prepared by James
y. Berry. Room is. Board OF Trade, shows
the range OF quotations.: