New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-29
CLOSING PRICES OF PHILADELPHIA STOCKS.
THE BANK STATEMENT.

Saturday. October esp m.
BY the operations Of the New-York Sub-Treas-
ury in the week ended last night. which included
payments of s4146 for purchased bonds and de-
nosits of 1925 900 for payment at other points the
associated banks gained $373S96 The weekly
bank statement published to-day showed an
average gain in cash Of 100000. II was almost
wholly in legal tender notes. the gain in specie
being considerably less than 100000 The
rapid concentration Of money at this point must
be recognized a clear proof that in mercantile
business no profitable use for it can be found
The increase in loans was due. in part. 10 the
greater activity at the Stock Exchange and also
to the outward movement Of products.
In view Of its large changes, the state
nont WAS unusually consistent and
the increase in deposits was smaller
by little over 100000 than the other changes
demanded. II amounted to Nl,54SOo and the
aggregate deposits now about $3S OOOOOO
above the aggregate loans. The banks, in TACT.
are overwhelmed with funds. The result OF all
the changes was an increase In the surplus re-
serve of S6.146. 100 and the banks hold In excess
of legal requirements $4s.7S7.475, against $685.
675 in the corresponding week year ago and
sl2 1888 52j at the time in the preceding year.
The following are the comparative statements
Of October q and October H
Loan. of' 40 700 $3.50 OK IS 500 me- ps s e.
fss s s5 900 SS ae c. 5. GSe
Cilcuotion .. "A O9c 500 1850. - Dee. - zoo
The following shows the relation between the
total reserve and the total deposits at the re-
spectiYe dates:
I.E.ai.,cadei, -. ;-a30oo G6;S 100 he. sI3ioo
Toal .lis oo. 800 .l57lc29oo 10 osoioo
against dept. l5,42l725 lo8si5'e' Inc. e.-9s 700
Surplus .... si2Gio775 as Isl as rnc. :G1ic7oo
The Clearing House statement was as fol-
lows For to-day-Exchanges $l02,37,js6; bal
ances $5.7l3477. For last week-EXchanges.
$j45371 946: balances. $S3.l07,i3.
WHAT WAS DONE IN STOCKS
The upward movement in the stock market
continued with great spirit and courage.
The Transactions were unusually large for a half
dav amounting to over 100000 shares. The
buying by commission houses was so large AZ
to attract attention, because 1t has recently
been very light There WAS. however. smart
buying. evidently for the short account. and III
the stock loan crowd borrowing rates indicated
that the demand by this faction had not yet
been fully satisfied For the prolonged adj
vance in prices there were excellent reasons In
the certainty that the stability Of the National
currency Will be maintained. and that in direct
consequence Of the passage OF the silver repeal
bill an inward flow Of gold from Europe. when
has been delayed by doubts about the results OF
financial legislation. Is near at hand. II IL
hardly possible that there VIII be "A serious
difference between the two houses Of Congress
simply because the Senate bill Is not precisely
like that passed by the House. There can be
no need of conference committee on account
Of the slight divergence, and the popular cX-
pectation that the repeal bill will become a law
early next week Is likely to he realized
In this belief prices advanced from the
opening. and. as "A rule last figures were the
highest for the week as well as the day. The
Granger shares were especially active and
strong Rock Island rising over and 81. Paul
nearly per cent In the general list final adj
vances were about 1M1H per cent on an
average The closing was affected favorably
by the publication Of the bank statement when
showed a further large increase in reserves
There were again no transactions in Govern
ment bonds at the Stock Exchange. but the
market was firm at unchanged quotations, as
follows.