New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-06
8oND6
CHANGES IN THE BANK STATEMENT.

Saturday, May 5-p m
BY the operations Of the Sub-Treasury in the
week ended Friday evening the banks of New-York
gained si,43I,471 cash. Up TO "Wednesday the
Sub-Ireasury was small gamer from the banks,
so that the above stated net gain TO the banks
can count in their to-day's statement of averages
for not much over 81, 100000. Our estimate of
q week ago gave the banks then about 81, 0o0 900
more cash than the sum reported in the statement
OF April 20: these calculations leave s42l 600 Of
the total cash gain 49, 921, 400 reported to-day
for the average of receipts from the interior, and
indicate the actual cash holdings of the banks at
the close Of business Saturday night TO have been
nearly 100000 greater than the average sum
reported in the statement The increase in de-
posis, reported at AGO. is 1880 900 greater
than that called for by the other changes. So
that the surplus reserve by the statement is in
creased only S2,053,550 to SI8,I70O75 against
s4,522,6o0 at the corresponding date of 1887
The following compares the totals of statements
Of April rs and May s.
agI % 500 Nay 800 Inc P Il Ss asS
ss9fSS SEQ Inc
ciiSspaon 9s4SO SdsSS Inc Inc 1859
The following shows the relation between the
total reserve and the total deposits at the re-
spectve dates:
fsss' sSS Inc Inc sSS
Total reserve s1lo12csOo sl4o4s 300 Inc s3,02l 400
ssst deposits o4oloa7S eSs7s.a25 Inc 1sC7s5o
Surplus slo1le525 s1s.17OO75 Inc s.. o68 500
The Clearing House statement to-day was as
follows: Exchanges Sl1S,595, 1870; balances,
81, 712,41s For the week Exchanges, ST. 1901
III; balances, s35,4sS, GA
STOCK SPECULATION UNSETTLED.
The stock speculation continued to be unsettled
p nj fhA fu~n ka,,r A. Ia
was SO because Of e" bear sales and manipulation.
First prices generally were fractions lower than
last evenings closing figures, but London was
large purchases of Reading believed to be for the
and tone to the general G' dealings dealings
W When that was the work
given to Lake Shore, which, being unprotected by
any speculative interest, always easily yields to
any determined effort toward depression. while it
Is expected that the decline in a stock which is
paying only per cent dividends out of per cent
earned will affect the general market. Union
Pacific again suffered from pressure Of short
sales, and sold down TO 81 LA low price for
stock showing improved earnings upon those of
s87, when nearly per cent was earned The
Northern Pacifcs were not so fiercely attacked as
yesterday, and hence, with small business, the
preferred closed "a higher than last evening.
Louisville and Nashville was specially strong, and
closed "a hi CHER than yesterday: New,York and
some absurd rumors about the effect on 1t Of the
alleged lease Of the New-York, Boston and Provi-
dence TO the New-York and Ncw-I1aven Company.
II the alleged lease is made or is in contempla..
ton, 1t must be part of scheme OF tointure OF
interest with the Ncw-York and New-England, and
that cannot be carried out on terms which are not
satisfactory to the stockholders OF the New,Yorls
and New-Engand who recently have purchased
the stock at about present, figures The market
generally resisted the attacks upon it, and closed
steady at the figures
Government bonds were dull; bids were reduced
TO the Treasury's prices Annexed are the closing
quotations: