Daily globe., 1881-02-21
BANK STATEMENT.
le following is the weekly statement


the New York associated banks: c
Loans, increase. ase...................S3 200
Specie, decrease. .............. JJJl ,2UU
Legal tender, decrease. ............ 65S,S00
Deposits, decrease. .............. ,2OO
Circulation, decrease. ............. 800
Reserve, decrease ............... 2,55e,25o
The banks now hold S, $50, ,275 IN excess of
legal requirements.
Stocks-The stock market was irregular and
unsettled during the early portion Of the day,
but became strong at the close. Prices opened
Il to 2 per cent lower and subsequently de-
clined Il to per cent, the latter st. Joe
common. At the first board the
list advanced Il to 5 per cent, the
latter being Louisiana g. Missouri River;
Philadelphia & Reading selling up A., Pacific
Mail 211s and New Jersey Central ~. Before
noon, however, the market became depressed,
and decline ranging from "A to per cent.
took place, in which New Jersey Central,
Union Pacific, Philadelphia & Reading, North
western and Northern Pacific were the most
prominent. In the late dealings speculation
became buoyant, and under vigorous buying
the entire List. advanced, the closing prices
showing an advance of from 4 to 6ls5 per
| cent, the latter being Philadelphia & Reading;
| New Jersey Central, Northern Pacific, Union
| Pacific and st. Joe being also conspicuous in
| the Improvement Chattanooga st. Louis
& Nashville rose on the report of
a settlement with the lessees of the
road, the Louisville & Nashville company,
I guaranteeing per cent. dividends TO stock
| not held by lessee Marietta and Cincinnati
stocks has been admitted to the Boston stock
exchange. According to Washington ad-
| vices movement was made to-day for refer
ence of the funding bill to conference COM
mittee of the two houses.
| The Commercial says: The furry about the
8 per cent funding bill, which some Of
our wise banking people attempted to get up
this moruing, has about passed over There
is not the slightest doubt but that the gov
ernment will get all the money wanted TO
pay bonds of 81 at 8 per cent. The whole
$300, ,0O0, 900 one year treasury notes could be
subscribed on New York stock exchange next
| week if the notes were ready and offered at face
value. This. with 5000, ,OOO, 900 cash balance in
the treasury consta 1tlyFincreasing, would set
| tie all bonds without a dollar of refunding,
and if we are not greatly deceived this will be
the policy of the new administration. There
| will be no $50 bonds issued under this bill
| if there is any sort of hesitation mani
| tested TO exchange for per cents.
The Post says: The improved feeling in the
stock market this afternoon is due 10 the
Washington dispatch saying that the House
\ committee on ways and means propose to
take the tax off of bank deposits and bank
note circulation. If this proves true and
the House and Sc nate approve it, it will do
much to neuturralize what is considered thu
demoralizing influence on the market, of the
refunding bill agreed upon.
| The transactions aggregated $4,000 shares;
| 5000 Chicago, Columbus q Indiana Central,
| 1,100 Cleveland, Columbus, Cincinnati & In
! diauapolis; $1,000 Canada Southern; 2,400
Chesapeake & Ohio; 1900 Chicago, st. Louis
s. New Orleans; $1,000 Delaware g. Lacka-
wanna, 1l,0cQ Delaware & Hudson 1900
| Hannibal e. st. Joe: $1,000 st. Louis & Iron
SO 600 Lake Shore; 9, ZOO Lake Erie &; Western;
| 1000 Louisville e. Nashville; 5000 Michigan
| Central; $4,000 Chicago & Northwestern;
27,O0O Nashville, Chattanooga & st. Louis;
| 1900 New York Central; $1,000 Northern
Pacific; II 900 Ohio & Mississippi; $4,000
| Ontario & Western; 5000 Ohio Central. .55,-
| GOO Pacific Mail; 1850 Peoria, Decatur &
| Evansville; $4,000 Philadelphia & Reading;
$1,000 Chicago, Milwaukee & ST. Paul;
| $1,000 st. Paul d. Omaha; 5000 Texas
Pacific; "a 900 Union Pacific; 10000 Wabash,
| st. Louis & Pacific; II 900 Western Union
| Telegraph; 81 900 Louisiana &, Missouri River;
$500 Little Pittsburgh; $500 New Jersey
Central. ,