The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-08
STOCKS LESS ACTIVE
DECLINES ToR III PAST wEEK IN
EXCESS or THE ADVANCES.
ighes Price OF the Year Made in
Sugar Trust shnres-Local Mar
kcts sntisfnctory.

Prime mercantile paper, 4n5ll. per cent.
Sterling exchange was dull, but firm. with
actual business in bankers bills at s4.S9l40
4.s9M for demand, and ~s4.ss19d4.SsA for
sixty days; posted rates. $4.SStzn4. S91a and
$4.90d4. 9o1a. commercial bills. $.S71z.
Silver certificates. 66966%c; no sales; bar
silver, .5Ac: Mexican dollars, 52lkc. Bar
silver, % 15-16d at London.
The weekly bank statement shows the
following changes:
Reserve, S516, AIS
loans, decrease.r,......-.+--...--2 ,uo9,5UV
Specie, Increase l,lUd,l 40
Legal tenders. increase !6gs 100
Deposits, decrease. ....-... 3, All 800
Circulation, 18S, 400
The banks now hold sl3, 929, 925 in excess
of the requirements of the Is per cent. RTE.
The exports OF specie from the port Of
New York for the week amounted to $685.
co. In gold and sf3l, 210 in silver. The i'm
ports for the week we're: Gold, $1,325, $3.50;
silver, $4,000; dry goods. 81, 524,s 6l; general
merchandise, s7.0o2,1l1.
Total sales of stocks, g., 552 shares, in
GLIDING: American Sugar, $500; Burling-
ton, 1900; Distilling, 4,aC0. Erie, 1000; Gen
eral Electric, 5000; New Jersey Central,
$500: North American, 300: Reading, s.
0eo; Western Union, $500.
During the two hours of business on the
Stock Exchange, Saturday, trading was
irregular, but the tendency of prices was in
the main downward. AT the opening there
was little to the market, but
on small buying TO cover contracts, chiefly
in the coal shares, prices took an upward
turn. Before IL o'clock the market had
taken a step backward and speculative
buying was heavy up to the close. The
losses of the day ranged from u to 7s per
cent.
During the past week the market has been
less active than for some weeks past, with
the result that the declines on the week
largely outnumber the advances, while the
aggregate sales reach 93S,J00 shares, 1876
stocks being dealt in. At the opening OF
the week the market was strong owing to
the advance III Americans on the London
exchange, the improved outlook for the
crops and in part TO the appreciation in
silver. In many cases, the highest figures
of the year were reached, among others
IN st. Paul. Sugar and New England. The
higher prices Induced realizations which
with the result that a reaction set in in
which New England was the chief sufferer,
subsequently recovered. In the latter part
OF the week trading was duh and
the unfavorable traffic returns for March,
foreign selling. realizations of profits and
doubts as to a favorable outcome of the
pending. negotiations between the presi-
dents OF the anthracite coal-carrying roads.
The closing of some Of the Sugar Trust
the stock after sales had been made OF
104&. General Electric was heavily dealt
IN, and was alternately buoyed and de-
pressed according to the tenor of the news
disseminated In the street as to the much
heralded General Observation-Disclosures
demand throughout the week, particularly
the guaranteed stock. Manhattan, on light
tradins jumped sss per cent. to lls1k. which
z per cent. to 1919 in Metropolitan Traction
attracted little attention. There was a ru-
recent dividend declared on the stock. The
fact that the management c~ontemplates is
s s1ln z i large g "a amount 7 9ac.o o. bonds shs shortly Vas Was
~company's officials state that there was
nothing in the affairs of the ompany to
ance AZ u tile cause. The accession ions Of
New York capit@.ists to the board of direc-
pany was the primary cause of a brisk de-
mand for the shares. which show a gain
The bond market Saturday was quiet
and generally firm. The oregon Navigation
issues were the feature of the dealings
moving up 5 per cent. and Oregon trust
receipts and collateral trust fives, 4 per
There was pronounced strengfh during the
mortgages. some Of which made material
Improvement. subsequently realizations
were plainly discernible in the securities
of this class and recessions were made.
orally traded in and moved independent
of the speculative bonds. The aggregate
W Tie SAFES II tOiSiucTdbiy DeiUW the total
of last week, but the dealings were more
widely distributed. The weeks transactions
were plainly discernible in the securities
The only notable losses are: Louisville q
New Albany consols, 314 per cent, and
Oregon Improvement consols IS, 3L per
cert. Among the principal gains are:
Peoria. Decatur & Evansville frsts. Evans
Vile division. Az; Central Pacific skies,
Chesapeake a Ohio extension fives, A: Grand
Trunk first trust receipts, AZ.
Government bonds were in lighter de-
mand during the week, sales aggregating
only $l22.000. There We're significant changes
In values, State securities were dull ex-
cept for Virginia centuries of which $1SS, 600
We're traded In.
Silver certificates were strong on Monday
and sales were made at 6SAc against 671sc.
the final transaction of last week. Later
there was a break to 65s4c, with 66c bid
al the close. The total sales were $12O. 900.
The following table. prepared by James r.
Berry, Room l6,. Board OF Trade. shows the
range of quotations.: