The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-09-08

was easy at l per cent.
Prime mercantile paper. s1zG5L per cent.
sterling exchange was dull. with actual
business in bankers bills at eoL for
demand and sLssa4ssA for sixty DAYS:
posted rates. s4.ssq4.9O and A.so@4si; COM
mercial bills. $751;.
Silver certificates. 67x@67zc; bar silver.
sc: Mexican dollars. 5sssc.
me weekly statement Of the associated
banks shows the following changes:
reserve. decrease 81. 303. $50
Specie. decrease aS9 100
Legal tenders. decrease ...... ? SSf zoo
c cgpUIa' i;on increase ...--..-...~... Los. 400
The banks now hold $50. SAC. 10 in excess
OF the requirements OF the Is per cent.
rule. The New York Financier saws: The
statement of the associated banks of New
YORK for the week ending Sept. I is a re-
markable one in several features. The ex-
pansion OF loans reached the unusual fig
ure OF S,loS,cC0, which brings the total loan
item TO Sis. 800. 500. or 81. 7s1. 1eo higher than
the largest amount ever reported in the
history OF the New York clearing house.
Tne Increase was the result largely of le-
climate business, coupled of course with
a greater degree of activity in exchange
circles and the usual shifting of loans in
cident to early September settlements. Ii
will be seen that business is maintaining
Its strength without abatement. Demand
for money from the interior continues. The
money market has not advanced. There is
a hrmer tone displayed. and the material
reduction of 1906, l5o in the reserve, bring
ing the amount of excess cash down to
S4,s46, as. will operate in favor of better
rates. The continuance of gold shipments
Il wf- t. -
OF the banks. The total loss of cash to the
banks amounted to s.. s21. 500 for the week.
legal tenders making 2.SS4. 200 Of the whole
amount. Compared with a year ago loans
are nearly 100000 larger. while depos-
its are asEttle more than half the amount
reported for the same week last year.
TIL exports of specie from the port of
A.s27.O54 in gold and sssS.s56 in silver. The
imports were: Gold, 27S, 80; silver, $l2I, 06l;
dry goods. S.sss.5o2. general merchandise.
Total sales of stocks Saturday were 50, 47
shares. including: American Sugar. $500;
Atchison. third assessment paid, 300; Bur
llngton. 200; Colorado Coal, 200; General
Electric. 1900; Missouri Pacific. 900; Read
ing 5.1oo: St Paul. l23o; Tennessee Coal
Saturdays stock market was exceptionally
dull and the dealings were confined within
a narrow range, rejecting the absence OF
many brokers on account of the yacht race.
The only notable exception was Tennessee
Coal x Iron. That advanced 1s per cent,
ana the preferred 4 per cent, AND the I'M
provement was retained at the close The
only explanation was the continued i'm
provement in the iron trade. Sugar. Cen
eral Electric and ST. Paul closed at slight
advances. The general tone OF the market
The course OF the speculation during the
week has been irregular. The foreign op-
erations have chiefly been for the decline
and have been inspired by uncertainty as
elapses during which. according 20 the pop
ular impression. the Belmont-Mergan syn
ShSa on , m nor poehu ITO mannsln 'ne
exchange market Is unabatea in spite OF
the temporary and slight relief caused
about the only ones in the market. An
other point upon which great unfavorable
stress is laid is the considerable decline in
selling at prices which will, from an ex-
change standpoint. require exceptionally
of The trade balance. Indications are that
the crops of both winter and spring wheat
IL is now Clearly evident however. that
the United states no longer controls the
w Ss1e1 d maT5si ,sd OK IT the h world; t the sitnasi9 IN
Russia, India, Argentina and a number OF
small producers Of respectable aggregate
capacity. On the other hand cotton exhib-
its marked strength. as that staple is a
short crop and is unaffected by serious
price OF corn is actually dropping towards
a basis Of comparison with that Of anthra-
cite coal; namely: ABOUT S-So per ton, Wnicn
present. Nevertheless a great abundance
of,corn is a boon TO the whole country for
hareiy 10 per cent. OF IT reaching the CEN
trail markets and not more than 22 per
The disfrtbntion OF business in stocks
has been excellent and the tone was fairly
Iss9in sne co slea stocks attained the highest
prices OF the year and this fact has not es-
capped the attention Of snrewd epsrat1Ts,
difficulties is near at hand. Sugar was
strong on the improved statistical posi-
successive advances in it's products. The
declaration OF the regular quarterly divi-
dends on the common and preferred stocks
Induced realizing sales. resulting in the loss
OF one-half OF the Improvement. The stock
closed IFS per cent higher. The net re-
more noteworthy were Erie Telegraph. 9H;
nessee coal and Iron. AZ. and Lackawanna.
"a. The aggregate sales of the week in
stocks were !. 40. $50 shares.
The trading in bonds in Saturdays brief
session was rather dull. but in the main.
firm. The sales were S1.162.00 The market
with some irresularity in the speculative
issues. The more conspicuous advances
were in Oregon Nayisafion collateral trust
trust hves. trust receipts, s: Wisconsin
s cs.trs al s ,'5st ~ trast we esse sEsssi., 81; The total
Government bonds were In improved de-
mand. The dealings aggregated $3.50. The
variations in prices was slight.
State securities were in moderate request.
The sales included $500 Virginia centuries:
$1,000 Tennessee thirds. and 25W Alabama
four and one-halfs. Glass G.. Silver cerffd-
Gates figured for so. 900 at 67isc and s7s4c.
The following table. prepared by James r.
Berry. Room is. Board OF Trade. shows the
range OF quotations.
Open High Low Clos
ing est est Ing.
Adams Express -.......- 49, -. 1s
Alton & Terre Haute.. -. =. -. biz
American express 49, a., is
Baltimore & Ohio-..-- -. - - 6it