New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-10
CLOSING PRICES on PHILADELPHIA srocKs.
THE BANK STATEMENT.


By the operations Of the New-Yorlr Sub-Treas4
ury in the week ended last evening, which included
its payment of sl,s28,944 for purchased bonds,
the NewYoriz banks gained SCI ,Si2 cash. To
days bank statement Of averages reports a
loss OF s3,553, 300 cash. Following our estimate
of the condition o week ago-cash held ut the
end Of that week SO zoo, 600 less than the average
-to-days reported loss indicates q movement to
the interior Of nearly S3,000,0o0, aud that the
actual cash held at the close of business Friday
was about 81 800 900 less than the sum reported
as the average for the week. Loans again were
expanded s4,O6o,100. The gain in deposits
lS675 300 is about the sum OF increase the other
changes call far. The statement results In loss
to the surplus reserve of 50, 2250, leaving it at
$685. 800, against ll,4s7,S0o March 10. 1883.
and Si,93S,350 March IL, 1857.
The following are the comparative statements OF March
and March 81 ,o n,1o..a.,.
Loans ......s4is eol 200 s4i5oso 500 Inc SSs lSS
Specie e q; 2Se 20 200 81 st o Pec
bsa: 4s 4ss me-
Circulation 4,S239oo 4,S54.loo Inc $1,000
The following shows the relation between the total re-
serve and the total deposits the respective dates:
isSsatondsrs.. S5Ss7soo S5se4'SoO Dec $4,000
Total reserve 300 ai1s2llOcO Dec ss,sS'aoo
ss'ss deposits 1coS2s75O 1OsOo27Oo Inc 1ososo
Surplus ....... sIeo7O,55o ss54s 800 Dec. s3722e5o
TIE Clearing House statement to-day. was as
follows Exchanges, $ll2,430,4s2; balances,
s5,OI0,293 For the week: Exchanges. $500
$50, 658 balances, S35,545,091.
WHAT WAS DONE IN STOCKS
To-day it was Panic in Paris that opened
the stock market lower under free speculative
Sc ling for London account, and continued TO de-
press values through the two hours session.
Everybody sold; but the market met with a sup
port which limited the declines TO an average not
exceeding / per cent. TIE panic in Paris seems
to have been limited to the dealings in the shares
of the Compton D'Escompte and Societe des
Metaux. because French per cents closed 10 CEN
times higher than last evening. Shares OF the
Compton D'Escompte che bank behind the cop
per syndicate. have steadily declined from over
Ill 90 francs TO $50 at yesterdays opening and
$50 at the close. To-day they broke TO $40 carly
and closed at 80 p. m. ct 4I0. We do not
understand that the solyency Of the bank. with
80, 000, 600 francs capital and o surplus Oh
10000, 900 francs ct the last report Is questioned.
The reported Panic in Paris however, to-day
did good work for London speculative sellers, AMI
enabled some hcme bears 10 swap of part
of better character than the selling. The
private dispatches received from the West reporte1
satisfactory progress in the arranging OF details
connected with the "Gentlefnens Agreement"
While IL is much to be desired that DIR. Walker
should accept the position offered 20 him, because
of his late experience obtained as a member
NJ the Interstate Commission, his acceptance or
dcclinstion will neither make nor wreck the
Interstate Association. The market closed at
about the lowest figures, but it was not weak
THE DAY IN THE BOND MARKET.
Government bonds were dull and firm at quota
tons as follows: