The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-02

N'St4r so.So4s suNe<. >-csSf0s QIy goods,
3zssos. general merchandise. 1856 ,l75
The weekly bank statement shows the fol-
flowing changes:
Reserve decrease " $as1 go
Loans. decrease ACKNOWLEDGEMENTS. 26S2 500
Specie, decrease Observation-Disclosures 133. 101
tskdt tenoers. decrease ...-..-....... 1.9ii, 200
ceposits, decrease .-.-.....-.....-... 4,3s2, 600
Circulation. increase ................. $500
The banks now hold ss.3l2. i5o in excess of
TIE requirements Of the . per cent rule
The New York Financier says: THE
statement Of the Associated Banks OF New
York city for the week ending Nov. 60 is
nothing more or less than beated re-
port or the business OF the previous week
The changes are due partly to the gold ex-
port movement of the earlier part of the
current week. but they include also the
later shipments of the preceding week. Ac-
cording TO the statement the banks lost
IN cash during the week s2,077.3o0. of which
si,S4i.-tv was In legal tender and sl33,1O0 in
specie There was heavy excess Of in
terror receipts at this point during the
same period. so that the decrease i'm cash
more nearly represents the actual condition
OF the banks. although the statement call
not De accepted as accurate in showing the
real standing of the banks az the close
of the week. The contraction I'm loans for
the week was &, So. 500. due perhaps to
liquidation OF the speculative account more
have been ne consractins rapidly the epD loss
since Sept. IA having been no less than
SS1,G00,000 The banks, therefore are In a
better position than the case earlier
IN the season and the spasmodic advances
IN the money rate Of late are justified in
ing. In the months of April. May and
June last the deposits of the New York
banks went from s5ac.eoooOo 10 Sz5.oOo.c0o
and the reserve increased SIS 90.
Whether a rapid advance at present in the
money market would start another such
ha hoan eli ft. 81,
or late and the movement from there Is
remarkably lishs.. The business transacted
Holiday int ains Du smounted T 10 s5l4 sn
IF put into < bills this would make a girciie
long enough TO reach around the earth
The total sales Of stock on the New York
Exchange Saturday were 1890 shares. in
obaeeo ssco: 5c6isen as s psa
800: Burlington. $50; Chicago Gas. 1850:
Louisville & Nashville, 200: Rock Island.
preserred. 100; Western Union. s.io0. The
market was fairly active for a half hol.
atoms. The opening was very dull, but a
sharp covering movement started in the
industrials early led by sugar That stock
over ?. and Leather preferred and Western
Union. per cent The railroad list was
aid foreign selling in the New York mar
ket.., In the last hour the abatement OF the
covering. demand caused recessions gener-
regular. with special pressure against the
railroad list. Lake Shore ended 2is per cent.
-. and Lake Erie & western Western prefe e i
I,er cent The other changes were frac-
The speculation for the week was not es-
peclaly interesting At the outset fairly
well sustained rally in prices came In re-
Spouse TO an encouraging tone in foreign
advlees. which then appeared to Indicate
that the complications OF the Eastern ques-
ton were less acuse. Europe. however. 1t
turns out. Is stu Struggling with its liqu-
dalton OF South African mining stocks. and
this Is refec ed. not only in the absence of
demand In Europe for our railway securi--
ties. hut also III sporadic sales of. good
stocks In order to project the deprecated
ksffirs- Foreign exchange continues at the
gold export point. but the shipments for the
ports CT the previous week. the last
temporarily relieved the markets Fi1an-
ciers and operators are looking forward
anxicusiy TO the report Of the Secretary of
tie Treasury and to the Presidents mes
sage. in so far as they may bear on the
currency situation. Currency reformers are
unusually active. at present and impress
upon the financial community the reason
gold continues to 90 out Is because our cnr-
and fiat paper. They forget that France.
which has, within the last twenty years.
accumulated he largest stock of gold the
world has ever seen. contains In its cur
rency vas volume OF this so-calied de-
preciated silver and has paper. Why Is it
inca that France accumulated gold while
the United states is steadily losing IL? The
s.,swer would seem TO lie IN the difference
between the economic policies of the two
countries. The unfavoraDle foreign news
late In the week. together with disap-
pointing report of earnings by Burlington
fiusnee oa railroad stocks The ininsarial n-
however, n.onopolized the chief attention as
more susceptible TO the manipulation of the
traders The old arguments were EN-
psoyed against tnc usual leaders in this
group with varying degrees OF success. Chi
.aso Gas was temporarily oversold in the
= ny IQr m he rr,.,
hostile move against the consolidation plan
by the Encouragement OF New York State.
bers OF this group does not need recapitula-
ton. At the finish the railroad list still
retained part of the. midweek gains while,
with the exception OF sugar which shows q
net gain of "a. and Rubber. preferred OF
Ia per cent, the leading industrials closed
lower than week ago. The more impor-
3: Denver. preferred. 2ss; Sugar, "a: Rubber.
preferred. Ia; Atchison. preferred. when is
Ia. and Tennessee Coal and Northern Pa
enc, preferred, ~ The more noteworthy
declines were in Laclede Gas. preferred. 4i5:
Hooking Valley, 25s; Leather. preferred, 2ss,
and American Tobacco and Edison Electric
illuminating. ~ per cent The aggregate
sales were 9S5 $50 shares
Saturdays railway bond marker was only
moderately active. The transactions
snsounted 20 s7s5.ooe. There were few i'm
rorsant changes Mobile x Ohio general
.ours and Oregon Short-line Union consols
rose = per cent. The declines consisted OF
slight lraclonS- The trading in bonds for
the week was fairly large and the final re-
suits showed gains and losses about evenly
divided The largest gains were in Oregon
Improvement firsts. 8; Chesapeake & Ohio
F. * a. second consols. Omaha & ST Louis
lirsts and Cleveland. I>orain * Wheeling
hrsts. q Texas Pacific first fives and Atchi-
son adjustment fours. when issued lx and
Denver 4 Rio Grande consol Tours IL, per
cent The more important losses were in
Wisconsin Central frsts. ga: Wisconsin
Central trust receipts and Union Pacific
collateral trust skies, 2is; Ann Arbor fours
when issued ia: Reading general fours
trust receipts and United States Cordage
trust receipts. Ia per cent. The aggregate
sales We're S.si10o0
business I'm governments footed up slb60Ov
The registered fours OF 20 closed per
cent lower, while the tours coupon ad-
va1ced Ia Transactions in State bonds
consisted OF $1,000 ia Virginia Centuries
alc sl,coo IN Tennessee threes small bonds
silver certificates were dealt in for s25.oo0.
The Following table. prepared oy James Z.
Betty. Room IS. Board Of Trade. shows the
range OF quotations.
ing est. est. ing.
Open High Low Clos
Auans Ixpress..-.-- las
alton * Il. H.. 49,. $500 IS
american EApress.. 49,. lis
atenison ........:...--- l11s Iss IL lTH
fsaitlmofs Onlo----- sc
,ahau1 racine IS
Canada Southern. 49,. -. $40
Central Pacihc....... -. -. -. IL
chicago & Alton--..-....e -. sl60
g.. Il. & O-..-...-..... SAL S47z 94i< san