The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-27

ClTculatfOn, decrease 81, NW
The banks now hold $45,SSo,45o in excess
of the requirements of the Is per cent rule.
Total sales Of stocks were 62.102 shares.
including: American Sugar $500; Burling-
ton, 400; Chicago Gas. 7,7oo; Distilling,
1900: General Electric. $500; Louisville &
Nashville, 1890; National Lead, 1861;
National Lead preferred. 1900; Northwest
ern, 1000; Reading, 1000; st. Paul, 1000
The leading feature of Saturdays spec
ulation on the Stock Exchange was the
renewal of the liquidations in Lead COM
mon. These shares were heavily pressed
for sale, it is believed by Insiders, who
are in a 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 dividend-p payers
At the opening the shares were " per cent.
lower and a further sharp decline of Az
per cent. took place. In the later dealings
OF which Y per cent. had been lost at the
close, making the decline IA per cent
Lead preferred declined steadily through
out the day in sympathy with the common
ana Is down 2as per cent. from the Anal
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 the shares, but the street accepted the
selling as Indicative of the views of those
Gas opened * lower, and then advanced V
on the covering of late contracts, a report
t pneang g current that settlement between
been affected. The higher range of prices
was not maintained for long, and de-
selling, the last being the lowest price of
the the day. Most of the other industrials are
COW on the days transactions. London
Ing but without depressing the stock.
which was held ED firmly on the reported in
ings. The other grangers were strong, in
sympathy Most of the railway stocks
traded IN show declines at the end of the
tone except within the last half hour. when
a covering movement set in, which was
would be taken by PRESIDENT eaa' cey aglod
financial situation, which had about reached
view the market closed Arm
Of railway and Industrial shares, and the
low point Of the month was reached in sixty
s Elk Of the stocks traded in while some
year. The continued heavy Shipments of
gold was one Of the most depressing inlu-
ious decrease in the treasury gold reserve
and heavy draw on the gold coin in the
vaults Of the treasury available for the re-
demption of gold certificates Liquidation
was plainly observable in the shares of the
ireceiversnip roads and in several of the
-
common were thrown on the market. lead
Ing 1t to belief in current rumors that
be discontinued and talk that the forthcom
Ing annual statement would be unfavorab le
me net loss on the week is sla per cent
Wnicn Is wltnln u per cent of the lowest
Lead preferred also shared in the wealxness
and made decline of So. per cent Reading
owing to the threatened Foreclosure prn.
ceedings. and gave way ass to So, the last
sale being q above the lowest Reports thai
the stock would be heavily assessed were
ma ana t, the t fast mat prominent ins:der
on reteration Of the statement that an as
q " :. Northern M'n Pacific nna' com nai5S
fine ecs Sw Shares prize Mss
animated. continued on their downward
career, and SAILS We're. made of the COM
0n ana a 81 eora erdass gaa pasdsFTsd at
liz. the prices of the the two two first st
week es sns ar yet of oa
1ss respectively. Union Pacific attained an
a ae or per cent; in the early part
ZION OF long accounts caused a decline of
~ to sls, the closing price being L below
jected to drive which carried the shares
down down from 2s7s to =. the last price being
ties ties were hammered down on a report that
strike, which was officially denied The
common fell off IA to 9ls. and the preferred
90 TO S2A, which are the lowest figures
maue since the stocks were listed The
respective losses on the week are 1903 per
cent Illinois Central broke 81 10 s1h
NANNY on sales for the foreign account
sugar was marked up 1ts to 907S on Monday
on me announcement of the decision in
favor OF the trust by the Supreme Court,
but reacted to S9k recoverinp IN
the nnai dealings, and closed UNI
changed on the week. The grangers
ee.asei Off early in the week, but when
the senate reported the pooling bill without
amendment there was a sharp rally sub
sesIuent announcement TO the effect that
the bill would be subjected to a vigorous
attack by those Senator's desiring amend
ment to 1t, brought about n reaction which
was partly recovered in the final trading
on buying, induced by ST. Paul's flvora-
Bile December statement. The losses on the
week are ,2qlss. the latter in Rock Island.
The coal shares made material recessions.
extending to AZ in New Jersey Central
and 3is In Delaware & Hudson. with a re-
others closing at the lowest. Manhitt ta1
was sold down from 1857 TO 1864. regain