The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-03
LOCAL STOCKSAND BONDS
GOOD MOVEMENT IN SOME OF THE
INACTIVE ISSUES.
Union Traction Common Sold On the
Exchange ut 34-Saies for the Day,
IGO shares and $1,000 Bonds.

The local securities market active yester-
day sales for the day agsregating 80 shares Of
stock and 5000 bonds. par value The list OF
sales shows considerable movement in issues
which have been entirely inactive. OF nearly 50.
for some time. The movement in this class Of
stock and bonds included sales OF Indiana Union
Traction stock and bonds. New Telephone second
hves and Street Railway fours.
a block OF 10 shares OF Union Traction COM
mon sold at the call. at "a. This is the first
sale OF Union Traction FOR some time. The issue
opened at 3Slk bid and 80 asked. The bid in
creased to "a on the last call and 10 shares were
sold. The bid then went back Ssis and the ask
price TO s.. The other sales yesterday were:
- shares of Abattoir preferred stock at 100. 10
shares Of Security Trust at 1904 50 shares OF In
diana Union Traction at Is; 40 shares Atlas pre-
ferred at 1851: 5000 indianapolis Street Railway
fours at sou: $1,000 New Telephone second hves
at 81 and $1,000 Indiana Union Traction hves
at IS.
The sale of block of Abattoir preferred yes
terday at par. $50 is slightly below the price at
which the last sale was made l01. The AK price
for Abattoir yesterday lO2. with no bid A
large part of the Abattoir preferred stock is held
pretty closely, it is thought. and viii not be on
the market.
The sale or security Trust STOCK at Nvv-1 yes
terday is an advance OF y point over sales OF
small blocks in the open market the past few
weeks. The bid on the Exchange for Security
Trust went back TO par yesterday, with the ask
ing price 1 point lower at lo2.
+
Clearings of the Indianapolis banks and trust
companies for the month OF February show a
gain OF more than IS 600 600 the clearings for
the corresponding month last year. The clearings
during February. 1905, amounted 10 S25.55i. 2oS-
The cearings during January were considerably
larger than those of the same month last year.
The president of one of the washington-street
banks received a telegram yesterday afternoon
informing him that the attorney general OF the
United States has held that the Panama canal
payment of 100000 can be made legally at
once. This means that the secretary of the treas
ury will likely call upon the national banks for
20 per cent Of their government deposits at
once. Government deposits in all the national
banks at this time amount TO something like
$16s 900 900. The local national banks have about
S. 100, 600 and the amount TO be sent to New
York to be applied upon the Panama canal pay
ment will be in the neighborhood of $4,000. The
release of something like S30.00O.co0 OF govern
ment bonds by the withdrawal OF 20 per cent. Of
the government deposits from the national banks.
together with other depressing conditions upon
the government bond market will. doubt
cause a decline in these securities in a few days.
The general effect of the making OF prepara-
tions for the construction of the Panama canal
upon the United States bond market has been
toward lower prices