New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-09-13
CLOSING PRICES OF CALIFORNIA STOCKS.
San Francisco, Sept. 10, 1891.
THE BANK STATEMENT.


BY the operations of the New-Yorls Sub-Treasury
in the week ended last night, which included
deposits Of S4,6si ,97s for shipment TO other
places and payments of 1,345,366 for purchased
bonds. the associated banks gained 50, 97S,4l5.
The weekly bank statement published to-day
showed decrease in cash Of S154.400. week
ago the condition of the banks was better than
the average showing, and this favorable difference
with the gain from Treasury operations about
counterbalanced the shipments of currency to the
country. further expansion Of loans by $685.
400 was less than might have been expected from
the growing activity in general business as well
as in the speculative markets. The item OF de-
posts WAS somewhat larger than the other
changes required and 1t is worthy OF nonce
that the greater part of the loss IN surplus re-
serve was due 10 the enlarged requirements. Inc
statement probably represents very nearly the
actual condition o. the banks at the close OF
business last night. The result Oh the changes
was reduction of $433,625 in the surplus re-
serve, but the banks still hold SS,72?,I3 IN
excess OF legal requirements against deficit oil
S3,306,925 in the corresponding week year ago
and a surplus Of S5,l34,715 In lSs9.
Tho following are the comparative statements OF Sep
tenber 8 and September AZ
Ss Goo SfG sG ~ Inc DsESGfis
fesse S5Ss5oS 455asSS I b S5S
Circulation . 5,402 coo 55-3,Go0 Inc $1,000
The following shows the relation between the total
reserve and the toa deposits the respective dates
f9sSfo sSS5SSS 'iSSsSo $685.
Topal reservesO0 8085oO $iO9714,1oO Dec. sl5',4oO
aFsnst t deposits loo21OO 1OOooa25 Inc 27o25
Surplus ..... s0I5O400 sS,722,775 Dec. sIa2,G25
Tue Clearing House statement is as follows: For
to-day-Exchanges, S127, 07S,665; balances, So,-
l47,772. For the week ave disadvantages
S626,0S7,597: balances, S25,304,O0
WHAT WAS DONE IN STOCKS.
The stock market dull, even for a hall.
holiday. The tednlm was relieved by, a fall Of
nearly 3 per cent in Richmond and West Point
Terminal, although 1t has been selling for some
time at what may be called receivershlp prices.
There was no fresh news about the ahalTs OF The
company, and evidently the management has not
decided whether TO arrange its financial troubles
under the protection OF the courts or TO seek the
assistance Of a guarantees syndicate. a reofganl2a-
ton of the company would afford rich field
certain persons interested in It's affairs, Tor ltS
share capital is so large that an assessment OF
81 a SHARE would probably furnish small work
ing capital after the discharge OF It's contingent
liabilities. There would he strong probability,
moreover, that fair proportion Of the
stockholders would refuse TO pa the assessment
ard an underwriting syndicate cCuld easily be
formed among wealthy friends of the company.
Some Of them are believed to be nos altogether
averse 10 the chances of profit which such course
would be certain to afford
The Richmond Terminal incident was without
much effect on the general market. which was IN
clincd to stand still Prices yielded susgishly, but
the fluctuations were narrow, and before the close
the early losses were regained. Many stocks ended
absolutely without change but the final variations
were generally small advances Eric was con-
spcuously strong undet excellent buying for the
long account II touched the highest point in the
present upward movement and closed confident at
It's best figures with a gain OF ga per cent. The
Vanderbilt stocks were firm. but their gains were
small fractions The closing wac strong, affected
in some degree. by the publication of the bank
statement, which was more favorable than was
commonly expected
THE DAY IN THE BOND MARKET.
There were again no transactions in Gov
eminent bonds. and the changes in prices were
largely nominal. Bids for the extended issue were
raised IL per cent. and the asked price of regis
tered Is the same fraction. The closing quotations
were as follows