The Bessemer indicator., 1893-08-05
ST. LOUIS BANKS.
Cash on Hand Amounting to Over 40
Per Gent of Cash Liabilities.


Per Gent of Cash Liabilities.
ST. LOUIS, July 27.-The St. Louis
clearing house has prepared II state
ment showing the elnct condition of
the twenty-.our banks which have
been prepared with great cnre and
shows that deposits payable on de-
mand at all these banks amount to
s42, $4,000. The cash on hand amounts
to SIS, ,223, 900, or considerably in cx
cess of 40 per cent of he total. Under
ordinary conditions 25 per cent is con-
sidered n safe margin nnd it is felt
that with nearly 43 per cent on il nd
almost any kind OF run could be
easily met. There has not, how
ever, been breath of suspic-
ion against any bank, and although
n very large number of small deposit
ors are said to have withdrawn and to
have placed their money in safe de
posit vaults, there is no evidence to
prove that this is SO. and the fact is
have time deposits amounting to near
ly Sl4, 4,O0O.0OO, while they have out
standing on demand and time loans,
exclusive + bonds deposited to secure
circulation, S6a % lO,ODO. The capital
stock aud surplus funds of these banks
total So. i.'4."IiO. and experts are OF
opIniou that the figures asreturned by
them indicate nn exceptionally healthy
condition and go to prove that there
is very little foundation for the dole
full forehodings which have appeared
in some eastern papers. If the banks
of all the large cities are as well
will be very little financial stringency
w ha fup
known.
Building continues with great
activity in the city. The new Union
bolh being pushed towards compile
ton as rapidly us possible, and the
fourteen-story office building on Olive
street, six blocks east of the exposi-
tion, will soon be out of the hands of
the contractors The site has also
been purchased for another hotel near
the un:on depot, and there is also
much activity in tic way of bridge
building. Up to within three or four
years ago the Eads bridge was practi-
cally the only means railroads had of
crossing the Mississippi river in this
section; now the merchants bridge is
in general use, and bridges which will
be of great Importance 10 railroads
uEc DelHS CpHSlluCteV oNtI Lne ni iS-
souri, river Mt Hellcfontaine and over
tho Mississippi at Alton. Both the
bridges are within easy driving
distance of the city and they
will be used by the Burlington
and other roads for obtaining
access to the city without wasting
time at tho relay depot in East ST.
LOUIS. The distance between st.
Louis and Alton will be reduced by
these bridges to sixteen miles, short
ening the time distance between St
Louis, Chicago and eastern points
from thirty TO fifty minutes. A new
passenger depot will I, erected for tho
convenience of fricrds using these
bridges, which can also obtnin access
to the Union depot by means of a new
belt line.
Tho first shipment of hay ever made
from st. Louis TO Europe has just been
completed. -, Louis is The center of
an immense ',av district, bat tho
cost of shipment and the difficulty
in keeping hay III good condition
through a long ocean voyage havo
kept shipments to Europe back. There
being, however, large shortage in
the French hny crop an experimental
shipment was made to Franco the
other day and If it proves success
another important export business
will be built up. The hny was
shipped via New Orleans.