New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-03
MINING STOCK
TIE BANK STATEMENT.

Saturday. Jan. 2-p. m.
Bv the operations Of the Ncw-l0rk Snb-ircaSnry
in the week ended Thursday night, when III
Guided deposits Of S5J0.G0o for shipment 10 o'h'F
nlaces the associated banks lost S995.l %. Tn"
weekly bank statement published to-day showed
a gain in cash Of $4,000 The receipts OF GOA
from Europe were almost nothing. and ia" lHriF'i"
in the total reserve. in spite Of Treasury ABSORB
ton must have been due cihehH to the HoNem'"
of money from the interior lhr further "Np'2'a OH
Of loars by SO 36l 900 reflected the constant CON
centration II capital in ibis market and the EFFORTS
Ct lenders TO secure profitable use for Their funds.
as well the usual preparations for January IN
tcrcst and dividend payments The depcsis were
ENLARGED by this causc. and. although the incr'aSr
i'm this item was larger by about 81 100000 than
she othcf changes required the discrepancy WIS
not remarkable in deposits Of Sl09l 800 Tie
decrease in Ihc surplus reserve was caused en-
,rely by the Increased requirements, and FOR this
rca son was insignificant The result of the cha'iac'
was los OF S2,24i.97j in the surplus ieSf g;
bat the banks still hold IN excess Of ne legal
rule, 81 7232. $50, against SH.j1G.N'J III me cor
responding week year ago, and Sl,'36,o0o III the
preceding year.
IT. following are The comparative statements Of De-
cemb-r 10 and December &c.
5s,:: sss sSS 81 So g. &c. 81 90
Den ff5 30. 300 iDi IL 700 Inc. lNtll J'D
c;rcUlatton - sos zoo jj37.4O0 Dee. $3.50
The following ,aovs The relation between The total re-
serve ami total deposits at TIE respective date
igsc IS s3 i[S 81 S;3SS i H sSS
ro,a reserve. 1893 80 600 siss7oG go Inc. 10000
agsn,t depo4 At. lls saoi75 1864 $50 rar e72795
Surplus ... si94sO o2i III ~ ojO Dee. 2247,o75
The Clearing House statement is as follow.
IS O7OsIl For the week five days Exchanges
$500 ,345,44G; balances, S33, 1852.
WHAT WAS DONE IN STOCKS.
business was resumed at the Stock Exchange
with undiminished confidence. The strength oil
the London market, which was reinforced by Dny-
ing apparently on foreign account, gave an III,
pulse to the market that was not easily Tess''d
while a sharp demand by the trading element
added 10 its force. There are reasons for sls
pecting that in Of the most active stocks the
buying was to protect short contracts me SUI
Gcn rise in Chicago Gas which closed at It's hIgh-
eat point with a gain Of 3-S per cent, was que
more to this cause than to an investment demand
aroused by the improved prospects oi tte cDu
pany mich more important moVemfht was
that in Union Pacific, which sdvaneed firm me
start and closed without reaction. Inc basis lOT
it was ostensibly the settlement Of me quafrc!
with the ST Joseph and Grand Island RaiIroad
hut a more substantial foundation was the con
tinucd advance in the securities OF the auXlIary
fires. which pledged TO support the coiia'eraI
trllst notes This advance 10 worth niuch " Inc
Union Pacific Railway for it will enable the com
pany TO retire these notes long before their ma
turity. Next TO Union Pacific and Chicago Gas
the NEST prominent stock was New-Englahd, which
closed with a gain Of ga per cent.
The feature Of the market. however, was tne
activity and strength OF the industrial STOCKS,
Eesides Chicago Gas important advances were
made by Cotton Oil Sugar Refining Company,
I~sI Trust and Disfilling and Cattle Feeding,
Quincy and ate Shore were dun and heavy, end
;Sv a small fraction lower. The closing was
aciivc and generally confacnt The publication
of the bank statement was withohi eHecC vi w. w
~ If nrjccs for the really pleth0rlc condi.
zion of the money market prcciudeS lear OF
financial disturbance.
THE DAY N TIE BOND MARKET
There were no transactions III Government
bonds and bids for the as were Lowered "a per
oom, but the market was not weak. The closing
nuntationS were as follows: