The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-07

demand and at ASS4u4S9 for sixty days;
posted rates. ~$4S9a+.S9ls and $500 t9O1z;
commercial bills. AS7Ad+SS.
Silver certificates. sales. $4,000. ar S714e;
bar silver. &c; Mexican dollars, 53i5c. Bar
silver'at London was sOssd per ounce.
The weekly bank statement shows the
following changes:
Reserve. decrease. s., O52, 225
loans increase 1872. 400
YPecis' decrease; l34.yO0
Deposits, decrease. .............. $50. 100
Circulation, 5000
The banks now hold $50. 173, 200 in excess
OF the requirements of the twenty-fve-per-
cent. rule. The New York Financier, in its
Forthcoming issue. will say: The statement
o. the associated banks of this city for the
week ending July s. 1896. does not show many
important changes. The decrease Of 81
0Se.22 in the reserve is a favorable symp-
tom, but it is to be doubted whether the
reduction in that item. if figured on the ac-
tual condition of the banks at the close of
the week, would balance with the other.
Tne very decreases noted were results of
July payments Of dividends. but il is rea-
sonable to suppose that a great deal of this
money has since been returned to the
banks. together with government disburse-
ments. making the deposit item larger than
II appears. Loans have fallen off, compared
with former weeks. but the increase has not
stopped. as is shown by the expansion of
SlS-'4O reported for the past five business
days The interior receipts continue heavy.
out the banks report a demand for dis
counts from Southern banks, and from 9TH
er sections. which, under present circum-
stances. is a most gratifying sign.
Total sales Of stocks Saturday were H.
90 shares, including: American Sugar. L.
80; American Tobacco. 3, 200; Burlington. B.
80 chicago Gas, $500; Dsstilling. 1890:
Kansas q Texas preferred, 1000; Louisville
a Nashville. 21,OO0; Reading, 1900; Rock
Island; Loo; st. Paul, $500; Southern Rail-
road, S,AO;. United States Leather, 2.3O0;
wheeling * Lake Erie, 1880.
New York for the week amounts TO Sl26. eco
~ so!6 a., ana a,e sySSsSoS in silver The imports
los; general merchandise, s., 29, 2S.
chicago Gas was the weak spot in Sat
urday's stock market Adgices from chi
cage were TO the effect that, while Presi-
Oent Lincoln had not yet sent in his resig-
hatoh' IL was very probable that he would
DO so, as Colonel Payne, at whose request
ne became the chief executive officer of
the trust, had some time since sold out his
same source stated that other Chicago di-
rectors would resign and that the Attorney
general would be allowed to push his suits
against the trust TO the end that the COM
pany's affairs be put on a new basis. The
bears took the initiative at the opening of
business and forced the stock down u per
cent, but on brisk covering an advance of
rs per cent. was quickly made. AT the
higher figures the attack was renewed and
Toward the close a covering movement
caused a rally OF Il per cent, restricting
ersl us list % opened enc aa no "a = pfy e active In s15 gen m
the main higher, and an advance set in
ranging up TO 2 per cent, New England
bacco shares the industrials. The depres-
sion In Chicago Gas caused a reaction Of
Us in New England and a fraction. but i'm
the 0Qdl trading thpra waG a Martial 20
covery and the market closed firm and in
the main higher than at the close yester-
Sugar shows an Improvement of l per cent;
New England, rs; American Cable, lAs, and
Tobacco preferred, , per cent.
The trading during the week was dull and
the market unsettled. having been largely
IN the hands Of the professional operators.
short side and inaugurated a movement
against the industrials' shares, which re-
suited in a heavy break in these stocks.
The advance in prices OF grades of sugar
induced the formation of a bull pool in
sugar stock which moved the price up.
Gas received support at the low figures on
the reassuring utterances of the manage
ment as 10 the ultimate outlook of the
dividend question and a rally was made
OF 5s per cent. Talk OF President Lin
rumors again rendered the stock vulnerable
10 the bear attack and the appreciation
vas lost. The final sale records q loss of
"a per cent. on the week. The railway list
I'm the earlier operations ruled lower in
sympathy with the drive against indus
trials. and although the granger group at
one time was a target for the bears and
yielded under their efforts. the list gem
orally closed higher on the week. The
were the receipt OF favorable traffic re-
turns. cheering crop adyices, London buy
ing and improved business outlook which
caused heavy covering by. the shorts The
transactions OF the week aggregate 1916
700 shares and 1s stocks figured in the
dealings. The principal changes in prices
are: Advances-New England, az per cent:
Distilling and Southern preferred, 2A and
81. p raui cent? pteieI peelines. Great Norphera
Preferred. 4 per cent; Alton & Terre Haute,
3 and Bay State tee Gas; Z per cent sor. sales
being only $S3,0o0. and the tone OF the
trading was a shade easier Pennsylvania
consumers Gas Of Chicago hrsts and
Northern Pacific consol tives, trust re-
eeipts, 1% per cent. Buffalo. Rochester 4
The bond speculation OF the week was
active. but devoid OF special features. The
sales were Sc. 9ss.o00. and 81 bonds were
dealt in. The principal changes over the
previous Saturday were: Declines-C0n-
samers' Gas Of Chicago frsts. ~ per cent. /;
Pennsylvania fou--and-a-halfS, ia; North
ern Pacific conscl iyes. BIS, and Northern
Pacific trust receipts. "a per cent Adj
vances-Toledo & Ohio Central hrsts. west
ern division, 6 per cent. and Oregon &
California hves, ; per cent
The demand for government bonds vas
light. and but $S7.5eo were dealt In state
bonds were in better request and $ll.500
changed hands, OF which <sS.o0o were Ten
nessees, S5.OG virginias and 5000 Ala
bamas. IN silver certificates $4,000 sold at
GHS7he.
Berry aas lI Raom &. 'f bssid Fs q HTsas y . ss%s' the Re
Open High Low Clos
ing. est est Ing.
Alton & TeEre Hsute.. -. !. -. 50
1 AsfIssan Exprs.s az sx 90 o.