New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-17
CLOSING PRICES OF PHILADELPHIA STOCKS
HE BANK STATEMENT.
Saturday, September

.'oNuaudy, september lb-p III
BY the operations CT the New-York Sub
Treasury in the week ended last night, which
included deposits Of $4,000 for payments at
other points, ;he associated banks gained S4O3,-
IA. The weekly bank statement published to-
day showed an average gain in cash OF $500
500. The result was surprising, because Treasury
disbursements had been small and receipts from
the interior were estimated at only about
ci,0OO.OOO in the aggregate. From the uneA-
pcctcd gain il may reasonably be concluded that
IA large amount Of money boarded in trust
company or safe deposit vaults has been restored
10 general circulation. further contraction
Of loans by over 100000 undoubtedly was
due to payments by country banks Of advances
and extensions. The increase in deposits was
smaller by nearly Sl,O0.O0O than the other
changes demanded. but this no more than a
correction of the discrepancy in the opposite
direction IL week ago. The result Of all the
changes was Il gain Of $1G3j,32j III surplus
reserve and the banks hold Slo6ol 100
i'll Of legal requirements, against
S',s59,j7j in the corresponding week a
wear ago, and 81, 156, 30 at t1 same time Ill the
preceding year
The following are the comparative statements
of September and September &c:
Lcas 1896 aa 800 $3.50 e Dec P'issifa
SS Scad r: $40 Goo at .ds5o lnS .slSSsgs
t cP i'i 10000 1890 i4i4S sS i% %c 5isOo
The following shows the relation between the
total reserves and the total deposits at the re-
Spective dates:
Specie ...... 90 O. 90 81 A. 90 Inc si,1e COZ
l. 1T nders . 9i1.24CO 81 4G3.. 90 Inc 43l0,sOO
Totl reserve soa1s,soo $500 90 Inc. sS,;o0so
again d pit. o@4'o,o2' 94ais.4co Inc. s7i47'
Surplus . >, oCGs75 sioGol. 100 Inc s. o25,3,5
Tho Clearing House statement was as follows :
For to-day-ENchangcs, $3.50, AGA: balances,
S4,S04494. For last wcek-EXchanges S4ij-
6C2, j4G: balances, S22 1905.
WHAT WAS DONE IN STOCKS.
The stock market remained extremely dull.
Sugar Refining and Chicago Gas We're the most
active stocks but in the first the transactions
were less than | 900 shares, and in Chicago Gas
they wcY' only about 800 shares In only one other
stock lid the business exceed 1000 shares. Sugar
Refining comparatively firm in the early deal
inGs but, after frequent fluctuations, II ended
practically at its lowest point, with loss of !
per cent. The first price of Chicago Gas was not
improved and its final loss only tre under
| per cent. In other stocks variations were in
significant, and the trading absolutely devoid OF
animation While the changes were divided. the
closing was heavy rather than confident The
weakness the more remarkable because the
weekly bank statement was an Unexpectedly
favorable showing. The acccssiOns of money sur
passed the most sanGunc hopes, and, so far as
speculation is concerned il is entirely mmatcrial
where they came from. Tho increase in reserves
was so large that an unhealthy plethora Of money
seems to he threatened. In the existing unccr-
tainty about financial legislation excessive az
cumulation of money might not he an advantage
TO the stock market. II Is certain that speculi-
ton was not stimulated to-day by the eX-
traordinary statement Of the associated banks
TIE DAY IN TIE BOND MARKET.
There were no transactions in Government
bonds at the Stock Exchange. BAT the market was
steady, at unchanged quotations, as follows
lgrad