New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-20
BANKS RETAINED SOME GOLD
A FAVORABLE SHOWING OF THE WEEKLY
AVERAGES.
CURRENCY SILL At PREMIUM WITH GOOD
DEMAXD-MoRE GOLD CoMING-sTAGNA'

CURRENCY STILL At A PREMIUM WITH 'ooD
DEMAXD-NoRE GOLD CoMiNG-sTA"NA'
TloN IN STOCK SPECULATION.
A,thouch s,arnation prevailed in the Stock EN-
change markets yesterday there was continued az,
,,,,v g., tho busness IN currency the counters
~ tho nancy brokers. The sales OF currency "e''
fully equal 10 the proportions that IL haii-no
bears 10 full days business ordinarily anu Wv
premiums were only little below 'he "u," -
rates of Friday Quotations ranged from
2 per cent. with the best figures obtainahe at '"o
close A week ago there were general Preu'o'o'"
that the premium would disappear III IL" ,,"c,n
,, the dcyelopmen,s Of last week seem 10 1ho'c"''
that there will be traffic for The money ooN'i'
some time In addition TO the almost voi,,
uand for cash make up paylriis "i''' '''0 -
of tfe south 10 obtain currency 10 move 'he cio?'
is now supplying factor that VIII na'uan' no"
,,o-. nerm,uency spot gold commands premium
~ I.o per cent and gold TO arrive Is pu Ioi AZ
IA Der cent The money brokers yesterday ~
noon reported that they had orders l" i" '
considerable amount at the end Of the pu'iness ua
The receipts of gold by the French s'e''",,-
Touraine amounted TO 5.74looc 'f'hcs' d" ru,.,t
gold The cable reported that the Bank OIL h"s,'
81 .o,e Gro 600 American coin for shipment lne
net imports Of cold at this port this week agsee
s1124s76O. There Is now estimated W 49,,
$40 600 600 gold due TO arrive mere "i,l'' ' =.
ten DAYS The Sub Treasury suli pours o 80,
and Yesterday 1t paid about $4,000 10 'ne O'''o
uouse and ,hout 1918 900 in checks cashed over 'e
counter l, also paid ont about 10000 SILVER uoi''
and IS 900 In subsidiary silver coin. Inc N,n
,on,s NJ GOLD by the sul,Trcasury are sraduahs '''
,nr down the reserve in the General Treasury w "a
was believed that at the CLOSE oil business Wv ,o
In the Treasury was again below Slooo0
1t Is n gratifying fact that the weeks i"p nv
general mercha ndse at this port were .t,
the exports While glad to see this oaiihei' nu' ="
,h, IN. t,nde balance has not changed suliciehus
,Jov any but a minor part In the heavy imports "
Inc precious metal. a large part OF 'ne Y
was effected through the use Of circuits " -
European confidence IS restored In America' ''
the backward current OF gold 10 huiop' Nc 80, n
which is normal TO that season, 1t Is "Sie" D'
,,,,o. 1v, no heavier than 1t otherwise might w.
49, ,h,s account the banking community Is the "o'c
,,re.pt for a repeal OF the silver fuich"sc 10" =,
I,orgress in order that foreigners may DE- 'e,n'p'i
With confidence In American secuilucs an" '' ."
vestmens. .,,,. am to IN.
IN. ~ conservative bankers. There was
at, IN snecc OF 81 72S, 900 and Il loss IN les1i
,.nsers Of s7O31OO by reduction oil sl''olioo ~
d.nosts the requirements OF the reserve "ei' i'
by S4T5275. so that the decrease III 'he ue''i'
"a 400 5.5 Loans contracted 10 ue N"
=, AZ o53 500 1t is generally believed lhht 'n's re-
su,ted from the paying of OF loans D! oA'Ae's
s,ar,ed the large imports of gold with the ana OIL Tue
hanks n few weeks ago. The failure OF "'e JAM"
a. r.,,re any Clearing House loan certificates III INT
lace Of this repayment of loans IS the reSu, oi wv
Increased demand for accommodations from 'he ine'
camille community. The banks sun nave o"' o
SAG 237 500 I'm excess of deposits ana the uen0't "
reserve "a $40 o45 500 against surplus OF
e75 at the corresponding week Of loS2 ana suiP'"
NJ s141 90. 500 in 1891. The gain In specie W Wv
t.s last week is not expected to have an Emporium
oeact unon the money markets. Time loans anu VI.
commercial paper market likely to remain cio''O
q, horrowcrs until the autumn monetary demands are
over. Bankers say that it will be fortunate II 'i'
growing mercantile pressure does not eompei ''e
10 curtail the supply on call ior inc P"po' " i
ing the commercial community ,.,, In ,bo stock
erbare Was only handful Of dealings III Ine S" r.
H. ., tbe half holiday session OF the STOCK IN
hanSr hut prices generally higher on ue mop
.h, favorable bank exhibit would Dc PnOlls.iru
Whsn the statement gwen out sgh, in
, IN values followed, but there was an increase III
t,tw The speculation remains stagnant OWING 70
The dcIay in Congress regarding the repeal o 'i IN
nretV uniform shrinkage in prices. as indicated IN
the following comparison OF the pi1ndpai s'ooNS
- in