New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-01
Boston, September 30, 1893:
THE BANK STATEMENT.
Saturday, September 30-p.

},
Ey the operations of the Ncw-ior!i Sub
Treasury in the week ended last night which
included payments of $4,000 for purchased bonds
and deposits Of S15O0G0 Tor payment at other
points the associated banks gained 81, 9o,"93.
The weekly hank statement published to-day
showed an average gain in cash OF Ss,2Os,9Oo.
Receipts Of currency from the interior were even
larger than the expert estimates, and they cam,
evidently from every section of the country
Interior banks are strengthening their reserves
at this point in preference 10 Keeping money III
their own values. Tie stagnation Of business WAS
indicated by the small incrcs' III loans ID"
statement was long way from being consistent,
because the increase was more than S2,2"V,"OV
less thnn other changes demanded. This might
not have been specially remarkable if II had not
followed similar if smaller, discrepancies in IN"
previous two weeks. HE result OF All u"
changes was further gain Of S6,olo.o'q ~
the surplus reserve and I'll" banks now hold
in excess of legal requirements S!l,l2o,1Oo,
against Sl,302,4O0 in the corresponding week
. year ago, and S3,1O?,7jO in the preceding
year.
The following are the comparative statements
of September % and September 30: ,,,c..
Loan. ssssl ii$ Coo $50; sSss SOC sSS
I bSai: e, me- me- @s,jSSS
The following shows the relation between the
total reserve and the total deposits at the re-
spec;ivc dates 40 soo 200 ooo ,.. 60 90, soo
icgal.,cnders 49, 3i9Si3co 4I,o79Ico ine. c.l4'loo
Total reserve sla59c 200 8ioi COO Inc. S. 900
'' ogan,t dcpls a5osc75o e7745oo Inc. $50
Surplus - si7 Coz go sol 100 500 Inc. so.5loa'o
The Clearing House statement wac IA follows
For to-day-ENchanges 100 , D", S,%c
G34Gl.GOs. For Last w~k-ESchahg"S' "4+o'
624.GAl: balances. S24.so0.3""
WHAT WAS DONE IN STOCKS.
The stock market opened firm, and remained
comparatively steady until the publication OF the
bank statement. when prices immediately sa?erui
he selling appeared TO Ce U" pro rtrs,Dniy
traders who took advantage OF the extremely
favorable showing Of the city banks 10 harvest
their profits In some cases. moreover; there was
some selling for the bear faction. put TINS was o'
aggressive Final changes generally We're Declines
but they wera usually small, and exceptions were
not infrequent, while many stocks among wIich
were Erie, Louisville and Nashville Chicago, bur,
without change General Electric was specially
weak, and after early sales At AZ "a, fell 70
40 "a. but al Al "A closed with loss OF only
l-2 per cent. The transactions in II were not
heavy and were surpassed. in fact by those IN
Distilling and Cattle Feeding. Sugar Refining ana
Chicago Gas The two iirst-naned were the ohly
ones in which the business exceeded 1000 shares
The dulneSs Of the market was probably one rea-
son for the inSi e1licant depression. lhe closing
was heavy, but 10y no means animated:
There We're still no Transactions IN G0vernment
s-onds at the Stock Exchange but the market was
steady at UNCHANGED quotations a. follows;
L. 6. 4ss. 1891. Ho'N'N'' rscurc., 1901 '"~c'
continued at rs syrG-' I 1884, TO- -,
ii$/ : 81 + il! FsS: isssi
State issues were wholly neglected. and there
were no sales Of city bank stocks, ,
In the general bond market business was liglt,
but the movement Of prices was upward. Chicago
and Northern Pacific iirsts were dull put oan per
Is were active. hut after fluctuations of l per
cent closed absolutely without change at -.
Many issues scored advances Of l-4al-? per
cent and few special issues gained per
cent or more Reference is made 10 our lnli
report OF bond sales.
Rates for call money were nominal. as usual
on Saturday. but few small loans were made
at 12 per cent , -
The Sub1reasiTy was debtor at the clearing
House S4s9,440.
TIE WEEKLY TREASURY STATEMENT.
The receipts from customs reported from wash
ingtOn to-day were SiGO,339: from internal rev.
enuc S3g3,3l4, and from miscellaneous sources
S2e,s37 The Treasury received S4s3,2l0 Ma
tional bank notes for redemption, ana tho re-
ceipts on this account for the week ended to-day
amounted TO S2,6s2,9ol. To secure National
bank note circulation it holds S209,34o,Go0 in
| these bonds - 900 go
ency s10aS1 eo e0
Fo1r o si hat per cents extended at per cent % 1850
Bonds deposited for circulation during IN"
week, SAG, 800: bonds held 10 secure circulation
withdrawn, $4,000; National bank Circulation,
Outstanding-currency notes, SOS, q ,o42; goa
notes. S0s.407 against which the Treasury holds
S2O,72 ~ legal-tcnder money for the redemption
| Of surrendered CIRCULATION
In London British consols unchanged at
! 9s for money and 90 IL for the account. III"
bullion balance Of the Bank OF England was not
affected by the days operations. In the open
market money was easy AT ! 5-S per cent Tor
! discounts and trhe lower at 9 Lac "a per
cent for bankers balances. Bar silver was
quoted steady at "a 1sd. an ounce. Ameri,
| can railway shares were dull, but strong, and
| the closing was at the highest points. At Paris
| French per cents rallied - centimcs TO $50
| The -Havemcyer bondholders' committee
of the Toledo, St. Lods and Kansas City Rail
| road announces that over 100000 Of tho first
| mortgage bonds have signed the agreement pre-
pared by it, Copies may he had from the Con-
| tinenta Trust Company. 80
Frank X Hunter, Herman Clarke and Leonard
Jacob ir, have formed co-nartnership under the
| fitlc of IInnter Clarke D. Jarob, for the trans
action of general banking and brokerage
| business.
The following table gives tie current quotations
OF city bank stocks together with their par valle
| and the latest sales:
| Banks. Par.o Santnsc "mi; "'" 900
| America .................. 100 BOG ~ .Vo
| American Exchange loo itt ~" 90
butchers ond Dioveis'. ~ i,o5 aoo 90
Broadway ..-,................. 70 ~ ia "a.
Central National .........'--. TX 5i5o IN '"'