New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-27
BANKS GAIN FIVE MILLIONS
THE WEEKLY STATEMENT FULLY Up I'd
EXPECTATIONS.
ONLY SLIGHT PREMIUM oN cURRENcf-GoLl
on THE wNY-sTOCK HECOvEEIfs

ONLY A SLIGHT PREMIUM ON CURRENcY-GOL Ill
on THE w>y-sTOCK HECovEEIEs
FROM PANIC PRICES.
The expectatlons Of Wall Street regarding IA
vorable bank statement not disappointed yes
terday While the extravagant figures OF 'he eA-
tremely sanGuine brokers were not reach@'' ule
gan In cash was fully equal to the estimates OF
conservative bankers. The statement shows an III
crease in specie OF N51SO0. and In legal 'eidei o'
S774400 a total gain in cash of &.S129p Inc loai'S
vere reduced s2s9e 800 which probably represented
the repayment of sums borrowed by importers IN
order to bring over the gold from Europe. 1nerc
was a gain in deposits o. sl77.3Oo which was less
however, than some observers had IooKcn io'.
The result of all the changes was reducuoii Vi
S53OSi25 in the deficit in legal reserve whlch ho"
IS @7s7 675 against a surplus OF ssssI@5 In the cor
responding week of 1880. and surplus OF Nz'o''S-'
in 1891 The banks now hold in legal money $o''S>--
800 against sIS9js9oO in 1889. and $'lS6ss" IN Ios
The deposits amount to s370i19.~O, against s0i'-
0sl 800 in 1892 and S4O3 10000 in 1891 The loans are
about s3S 100000 In excess Of deposits asgrcsauhs
s,3 GO7. 400 compared with sisOGo71OO in 1872. ana
S3s7, 3i7,3OO in 1891
The Street is satisfied that the banks are even
better off In cash than their weekly statement Oh
averages shows. and II is already beginning 10 tam
nbout the handsome statement which will be issued
next Saturday. The demand for currency stlii kept
up but the increasing supply Is depressing to the
premium Money brokers quoted the buying rate
at /, per cent and the selling rate at per cent
but 1t was understood that in special Instances poth
these rates were shaded. The price OF spot eo'u
commanded Z per cent premium BANKERS are
looking for an Increase in the floating supply OF
currency as one Of the most favorable features VI
the bank exhibit the gain OF SLV4%'VV III Gil
culation II is estimated that about S'""W Soiu
is on the steamer Cainpania, which Will reach ue
ASSAY Office or Sub-Treasury tomorrow. ana the
steamers due next week will bring in several
millions.
Banking circles are only amused over the reported
order of the Populis; flank Commissioner OF Kan
sas TO the banks Of that State to withdraw all bal
ances in New-York to an amount not exceeding
2 per cent OF their deposits until such time as
New-York banks resume payment In legal money
Bankers laugh at the Populist notion that the
banks here have suspended payment ana the order
is of little consequence. it is generally believed
that the Kansas banks have less than per cent
on deposit here when the loans they owe to New
York deducted.
The stock market yesterday was extremely dulI
and while prices ruled higher in the morning. Their"
was a disposition to realize profits after the bank
statement was issued. and prices ran off slightly
The industrals were irregular. American Sugar Re-
fning fuctuating from 7Si4 to 6iz. and ending only
a fraction better at us, while Chicago Gas ana
General Electric ended shade lower, the last
named stock at its lowest price. Western Union
Telegraph closed unchanged. and generally the net
advances were small in extent. The market. how
ever. compared with the extreme depression OF me
July panic shows extensive and important ad-
vaIces. The smallest gain since July mas Deeh
per cent. and from that figure the Improvements
run up to los per cent lie following tdne I
DAYS final prices for the stocks named: