New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-24
ste CKS GENERALLY LOWER
WHY THE FAVORABLE BANK STATEMENT
LOST EFFECT.
SALES OF CONSOLIDATED BROKER lNfLChNoI
THE STOCK MARKET-1HE BANKS GAIN
HANDSOMELY IN EE,ENNE-A FEW
CLEARING i.oUsE CERTiFI-
CAFES RETIRED.

GATES RETIRED.
The weekly bank statement yesterday presented
all the features which had been expecleu @"- was
of a favorable character. fully up 20 sdheuie P''
d,ctons The gain in legal money was S''o'o'o'' az"
aan,s,,. ,,are increased $685. 400 Loans were re-
duced only s7s59OO which was smaller redueuo"
than had been predicted. The increase III '''e -
Mus reserve was S7.0os2 80 and the amount no" -
S17 600 go against a surplus OF SoVio'' al nv ~
resnonding date of 1892 and soOs.l25 In 1897. 4hs
hanLs now, hold in lawful money sl5.5%1W. against
cog ,et 900 IN 1902 and Sl056SOO in 1891 The loans
amount TO 1892 500. against $i66O''5U III io'- d
so7 ST. 100 in 1891. The deposits aggregate soo',
600 compared with SisO522,9O in lS9- ana SfV'''i'
in 1891. 49,, GO ooo ooo
H. oxcass NJ denosits and the rapid cancellation OF
clearing House loan certificates WILL In connecuo"
with the continued receipt OF currency from u"
interior soon put the banks into the norman con
dition when all the deposits 90 not heeu ~ ~
loaned out. There were 10000 Clearing House V
t,Acates retired yesterday reducing the whore
o,,r, outstanding to ss96iOOGO Notices were re-
cs,ved 70 call In s22j 900 certificates for cancellation
tomorrow. ,oorce
The bank statement failed TO have any in',u''rC1
in Wall Street yesterday. The rapid gam !"
serve now that the banks have piied UP '
stantial surplus has lost its stimulating ehect' pe
cause the accumulation of funds is no" seen "
renect clearly the absence of fresh business enter
prjse Another reason why the BANK eNi
regarded with comparative indifference -
cent advance in the foreign exchanges when arc
vigorously near the gold-shipping point n
faar that the continuance Of existing cohduoiS ma!
lead 10 early exports of the precious hle'a,' "'U
then the gain in reserves by the odhNH "'
or,, tho NEGATIVE effect of enabling the supply Vi
s,,sc,e n he drained without exciting the eN"O
s,arr, which prevailed last spring hu' III VIC"
~ tho contingency of gold exports the "''eeV L.
80 - GOO tho renewed depletion OF the hoiui"SS
- ,a q, tho Tinted States Treasury. Inc dt'e"-
49,, 80 tho street WIS also somewhat diverted ny
,ha uhIcation of net earnings Of l29 rairoauS 10.
III, chewing a decrease from July, l@-, oil 80
per cent ,od h, l,cui
dating sales for the account OF CohSoiiud'eu HN
sa,ra house The circumstances are more fullv
noted elsewhere Prices declined almost thIoushou'
the entire session. and business was on d SOaie
somewhat larger than has been the case rece"''S
Chicago Gas sold from $50. to 567s"o', WHO Amer
can smear after a rally to SIS ended at MS file
continued weak at a decline TO lJdl5's from IFS
Friday night. Chicago Burlington and quincy ieh
from, s4i to s27,0S3 Rock Island from eoi 10 oisH
s,x St Paul from CTS to coz. ana 'hlcdso ar"
Northwestern from 99S. to 99i4d93s. Inc specu'd-
ton closed heavy under renewed bear attacks III
spite of the encouraging bank statement
The market for the week shows extremely lrIeSu-
lar changes from the previous week. The level oil
values still compares well with the prices preceuo
ing the July panic. The following table SHOWS the
final figures OF June So the lowest prices naue iol
the year and the final quotations oil yes'erua! anu
the previous saturday,