New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-15
THE BANK STATEMENT.

Saturday, October lip. III
Rv the operations Of the Eew-NorK sud
1raa su,.v IN the week ended last night which IN
cludod navments Of 500 4os for purchased bords
the associated banks gained S2.9S2s29' Inc
weekly bank statement published to-da! sho"eu
an average gain in cash of $S,'"-'4V"' '''' "
crease in specie was larger than hau oco" ~
rected although all Treasury Disbursements
were paid In gold. but these accounted lo' ''
than one-half of the gain. Nhere ''ie '' "
the specie came from is question wiz" ''
not easily be answered. On the o'hei ""'
recein,s Of currency were smaller than the
known movement OF money had indicated i",a
was a further increase in loans OF S""'f'-V0'
which was due principally to advances OH gram
and cotton for export. The statement was ilo'
wholly consistent in its details because ''e ~,
crease in deposits was larger by over S'oo''V0V
than tho other changes demanded but this was
merely a further correction Of previous us
crenanc;os in the opposte direction The result
Of all the changes was a gain of SOS III inc
surplus reserve. and the banks now heid III eA-
cess Of legal requirements S3Ss96'Ooo, against
1920 05O in the corresponding week year ago
and 90 O29 700 at the same time in the preceding
wear. The banks are becoming burdened WIN
money for which they find it difficult to ma
profitable ..,on,s
The following the comparative
of October Z and October u:
Loan, So aS; $50 In" me- '$sS cS
Spsse So5 cS0 10000 Inc. S25 200
Pps; goo II 53S goo I"s
The following shows the relation between ,ne
total reserve and the total deposits AT inc IT,
spective dates: 80. 49,. ~, .ooc 200
fpssif tender. Fsis3 600 Inc 1875 700
ro,, SIPS o77 ZOO 937 oiO 100 IS s32 400
sss, depts 1ooo.ss75 los114o5o Inc 3ocoo72
su.ors SIS e5s 7a5 ssa 500 CSC Inc 81. 2e7 .s25
The Clearing House statement was as lollow Sc
For Observation-Disclosures sS2,0640i: balances, 90 go
OH O64 For last week-ExchanSes' $tSf'o'''--''
balances, $32.42,16O
WHAT WAS DONE IN STOCKS
The stock market was dull. but ailer so ,,a
evident that an aggressive bear campaign mas
| begun in the Granger stocks. ana lracu ,
losses suffered by 81 Paul Chica nIo P"n,,
lngton and Quincy and Northwest, "hiie i, ~,
| island was quiet and virtually unchanged ne
| movement was not energetic howenei , ThD
| final variations. as rule Were ain IA mos,
| Industrial stocks were the strongest anu hl"9'
| active but their advances rarely reached l per
cent Among the specialties. Columbus i"ch-
| ing Valley and Toledo rose about . per CEN III III
| response to the decision by the Gchcra lcim .
| in favor Of the company in the famous sun
against Stevenson Burke and ms assoc di's,
but the last price was below inc opeilns M b.
| and the final gain was only a htte more ma
] 2 per cent A large advance was maze by ti'
bonds of the company, although even IN '',''
| case the Improvement was not nalhtadiieu -
! tho end The fluctuations in Union Pacific were
| narrow but the stock finally gained = per cent
| The closing was affected by the publication o
| the weekly bank statement. whicE was con
| sidorahlv more favorable than had been eX
| pected.
| THE DAY IN THE BOND MARKET
| A sale Of $4,000 coupon As at III was han
| at the Stock Exchange, but II was not sum
| Gent to effect quotations. Whlch cioseu u'
| changed as follows:
nj, .s,oa BID Asked