The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-06

-NeW York Tor the week amounted 10 Sl,5U,-
09i in gold and GOES i9 in silver The i'm
ports were: Gold. sl2Ls71; silver. ss7.3s6;
dry goods. g, 793. ST. general merchandise. S.
10, s0e
The weekly bank statement slows the
following changes:
Reserve, Increase. ............ -. g, $4,000
Loans, dec reaSe.. .................. 1a,SS0So0
Specle, increase. ........-........... l,SiO5U0
Legal tenders, decrease ............. $50 loo
deposits, decrease ............-....... 9,4H,4OO
Circulation, increase. ........... =. $500
The banks now hold SIG. SO IN excess of
the requirements of the % per cent. rule.
The New York Financer said Saturday:
''rhe statement OF the clearinghouse banks
for the week ending Jan. contains some
rather surprising features. The heavy lia-
uidation in loans due 20 the furry OF two
weeks ago was shown I'm the preceding
statement. but :he contraction has been
continuous, If the report for the week just
ended reflects accurately the situation. The
decrease for the five days ending Jan.
reached the unusual figure of Sl2 $50, &c.,
making Il total shrinkage in loans for the
past two weeks of $2i, 055. 900. Tae total loans
nave also fallen thrty-five millions since
the first OF December and have 5hrunk fif-
ay-seven millions within the past four
current week has been due, perhaps TO
the January dividend period, which
occasions r great deal OF shift
hhe deposit Item naturally shows a heavy
falling of. the loss being rearly TIN mil
lions for the week. The ITEM of lash hold
ings. however. does not seem to nave ad-
guSted itself to existing conditions. II is
known that the receipts from the interior
Tor the week exceeded the outward mtve-
ment by at least 5000 900"
The treasury disbursements were also
heavy and the logical conclusion would
point TO large Increase cash 10y the
banks. The total for the week was only
s2Oo.W0. mainly specie, which Is being ge III
cred in anticipation Of the corning bond is
sue. The statement as a whole g dlfficult
or Interpretation and Is meaningless in
S some or ITS more imPortant items. One fact.
nave less money in their vaults to-day. TAX
Ing the statement Cor the current week "a
last April. after they hai paid heavy SIMS
IN subscriptions to the bond loan of Feb
Total sales Of stocks were 137.e04 shares
Saturday. including the following: Ameri.
can Sugar, 1O.900 American Tobacco a 400.
Gtchison, 900; Burlington. 400; Chicago
coo; Louisville & Nashville. 5000: Readine'
ssoe; Rock Island, 400; ST Paul q 100:
Sstfern preferred slOo United States
o'To' wheeling & Lake Erie, Zoo
IRREGULAR MARKETS.
After an irregular opening the stock mar
ket Saturday worked sharply downward
material losses being general The manipu-
aation in Tobacco was patent to every one
rs the price dropped 81 per cent. to 1915.
as against advance of that extent Fri
day. The dealings in the stock were quite
heavy. The dlscouraging condition of the
anthracite coal trade rendered the stocks
OF the leading producing and carry COM
panies vulnerable to attack and the eroup
slumped all round, New Jersey Central
Leading with drop of 3ss per cent Fur
thermore the unsettled feeling abroad owing
TO possible crisis growing out OF the
trouble In the Transvaal. and suggestions
of continued delay in the announcement
and probable change in the method OF dis
posing OF the issue of government bonds
all had influence in depressing prices. The
final sales recorded losses in the graneers
Louisville a Nashville and other usually
active stocks equal to 1n2 per cent. The
volume of business was above the recent
average.
The share speculation OF the week was
irregular with downward trend to prices
The aggregate volume OF sales was only
about equal TO the dealings of a single dav
IN the late panic AT the outset on general
the treasury relief measures, there was a
shnrp upward movement in which the
crossed and nothing definite transpired on
the subject OF the bond issue. a less con-
1dsnt tone ton found reflection in sales of
less Of the greater part OF the previous
advance The depression was increased by
apprehension that the Transvaal incident
s:isht be followed by a political crisis in
Europe Other untoward and distracting
Influences were activity on call money mar
Ret. maximum figure of % per cent. be-
Eng recorded. and strength in foreign ex-
sl.o000o0 in gold. coincidentally with the
reports of large importing orders for the
precious metal and local sales in IL at
premiums ranging betweent &G1Is per cent
COALERS ATTACKED.
rhe anthracite coalers were sold on the
10 uvna fhar ho ff-f.
general conditions affecting the trade. the
anticipation of the early publication of poor
annual reports and the alleged probability
% legal measures to restrain the directors
OF certain company from declaring the
nearly due dividend for the quarter. The
confusion and excitement growing out of
the controversy between the United States
and Great Britain in relation to the Vene-
zuelan boundary. has, in common with other
important considerations. delayed the prac-
tical operation of the Reading reoreaniza-
ton scheme and the stock sold at o. the
lowest figure ever recorded. Tobacco Was
ably manipulated By the inside pool on
various rumorS and It's course was sha,plv
cratic in effect. Outside dealers in IL we're
MIXED. Leather was also conspicuous in
the dealings. being affected by conflicting
rumors respecting the impending dividend
On the closing day OF the week IL was re-
ported. with some show OF authority. that
the most powerful antagonist OF the United
states Leather Company had advanced
prices OF union-tenred sole leather AS a
result OF the weeks trading a ma joritv OF
tne shares are lower. particularly Mime
apolls * ST. Louis first preferred hves: Con
soidated Gas, 37s; Leather preferred 2Ts:
northwest preferred, 2is and Western
Union, 2h. The more important advances
were In Tobacco preferred. z: common. 2ls:
baltimore ohio. 4. and Illinois Central
shares. N'O'-
The market for railway and miscellaneous
1St .Sases was signify more active. con-
sIdering the limited session of Saturday
The dealings were Irregular. but weakness
predominated Reading issues We're freely
soid. inferentally. in connection with the
REORGANIZATION programme. The total sales
were $4,000. Bonds for the week we've
quiet, the transactions footing IN only &
49, coo. The market displayed sagging tend
ency with the Reading and Union pacia.
issues especially weak for Obvious reo-por nj
zation reasons. The only important advance
was in Missouri, Kansas * Eastern firsts
per cent The declines were substantial in
many instances, the more noteworthy heinz
In Baltimore x Ohio fives of f925 iOi.: Bal
timore Belt nrsts- guaranteed, 9-s: Louis
willie. Evansville x 81. Louis consol fves
trust receipts. s. Pittsburg. c. G e ST I
G.. a. ST. j. four-and-a-halfs series n :.
Elizabeth & Big SANDY .irsts and Kansas
Pacific skies or 1896. ~; Peoria x Eastern
firsts. az: Rock Island debenture hves. 4:
Beading fours, trust receipts, ~: Reading
first incomes. "a Reading second and
third incomes. each. 3; Central Pacific skies