St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-09
BUSINESS OF BANKS.
An Interesting Summary Of
the Last Statement of
Situation.
Comparisons of Twin City
Banks in Policy Of Finan-
cial Matters.
The Minnesota Transfer Pack
ing Company Worms
Into Litigation.
Yesterdays Grist Of Worldly
Troubles Exemplified in
the Courts.

The bank statements, of which q sum-
mary was given yesterday, as taken
from the Financial News. is an inter
esting compilation. The comparison of
the bank statement with that previously
made, says the News, affords very fair
index of the present local monetary
condition. 1t is also interesting in
showing the difference in the banking
policy of the banks of the two cities.
The more liberal policy pursued by the
Minneapolis banks is evidenced by an
Increase of 81, TIC, 900 in loans since the
last statement, against decrease of
SOP, 600 by the st. Paul banks. AS an
apparent result of this policy the Min
neapoliS banks record slight gain in
deposits amounting to 10000, while the
st. Paul banks fell back S931.00 The
position OF the st. Paul banks, how
ever, was stronger as shown by an in
crease of $4,000 in cash, with only
$4,000 additional rediscounts out,
against a decrease of $236.000 in the
cash account of the minneapolis banks,
supplemented by an increase OF S496.000
in rediseounts. That Eastern balances
were much reduced was shown by de-
crease of 81, 1GS,000 in the item due
from other banks'' in the st. Paul state
ments, aid a reduction of $S1S.000 in the
Minneapolis statements.
The legal reserve held by the banks
of st. Paul were: First National, 800;
Merchants National, 25.T; National
German-American, 1875, st. Paul Ma
tional, 21.7, and Second National 26.4
per cent, or an average OF pa per cent
The Minneapolis banks held reserve as
follows: First National, 25.5: Flour
City National, 14.3; National Bank OF
Commerce, $50; Nicollet, 29.3; North
western National, 1874, and Union Ma
tional 24.5 per cent, an average of %
per cent for all.
The legal requirements are % per
cent, but as the restrictions as to what
constitutes reserve are very severe,
these figures do not show the full
strength of the banks by at least per
cent. The legal reserve held by the
New York banks at the last call was
rs. II, Philadelphia 28.3S, and Chicago
31.42 per cent.
Following is summary of the changes
in the principal items OF the local ma
tional bank statements according to the
call of Dee. -, as compared with those
of Oct. 3:
st. Paul Minneapolis.
Loans. 80. -. ID y1O2. OOu L SI.I Io,UUO
Due from banks. D l, 1U6.0e0 D $4,000
Deposits. :. D 93l,oU0 $4,000
Rediseounts al 2s.0Oo I 100000
D-Decrease. Increase.
January Dividends.
Owing to the prevailing depression
in business. there was little or no move
ment III local securities the past month.
Buyers we're scarce and holders ten
aciouS. Notwithstanding the opinion
expressed by some to the contrary. the
usual January dividends were forth
coming from all the oId-time payers,
and several besides who have lately
passed. So far as learned, every bank
in st. Paul, and all but the NicolIet
National in Minneapolis, made some
kind of dividend.
Following were the January first
semi-anRual dividends declared by the
Minneapolis banLs: Scandal 5, Security
4, First National 4, Northwestern
National 4, State 4, Bank of Minneap-
oils 4. Commercial 4, Metropolitan 4,
German-American, 4 Iristi-American,
4; Swedish-American, 4: City, 81; Ma
tional Bank of Commerce, 3: Farmers
and Merchants, 3; Flour City National.
d CitiIeHs q. diil OhloH Natiohai'
per cent.
The st. Paul banks paid semi-annual
dividends as follows: Second National,
Z; First National, 5; Merchants Ma
tional, 5; Capital, 5; National German
American, 4; West Side. 4; Seandina-
vian-Amefican, 4; Germania, 4 st. Paul
National, 81; Peoples, 3; Seven Cor
ners, 8 per cent. Quarterly dividends
were maid by fine Bank of Minnesota of
9 and the Commercial OF 1.22 per cent.