New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-25
THE BANK STATEMENT.


BY IN" operations Of tho Sub-Treasury in this
city during the week ended Friday night the
associated banks lost sl,4OS.O45 The weekly
bank statement showed a decroare In loans Of
S5F}",ooO, an increaso OF legal tenders W 1911 100
ana In specie o' sl.S3. 400 the total increage Of
reserve being $305355o At any other time this
showing would be mos: d:scouraging: but at
prcse owing to tho bond issue business con-
ditons are abnormal. The decrease OF g. 933 500
IL leans is not entirely decrease in commercial
loans. although some commercia. loans doubtless
have closed out N order to prepare for bond set
Elements; II represents. also. sales Of GOrernmcn
bonds which belonged to the banks and which
for purposes OF the bank statement are called
loans. me Increase in specie must be SPECIE
rom other points sent here to pay for bonds If
the owners bids are accepted: while the de-
crease In net deposits probably represents gold
taken from New York C5y Roston rerhapz).
either to pay for bonds 1T other points or t.
strengthen specie reserves 1t must be apparent
therefore, that the statement has NJ such sign.n-
canoe as 1t could have had II no bond issue had
been subscribing. The result Of all the changes
was an increase In the surplus reserve of
$5'o0355o; and the banks held in excess OF legal
requirements s66O27S50. against SCI 9.i55O last
week. and against $7OSSj,l75 In the same week Of
1898 and So 1850 IN 1892
The following are the comparative statements
" November L and November "a
loan. "o:<%GeF N ,a Dee D r. s;,
'hcSa' s " ,IiS ~ S3 rs 81 200 inc s. s. q"
Circulation nl7o0o ili5i4p Dcc $500
The following shows the relation between the
total reserve and the total deposit Il the re-
spective dates:
fgcc. S.,see NIs:'5o Inc D sa,9 -
Total reserve. seii cloooo s2iai2o $50 Inc s2sa.,o
against deposits 1866 80 1isn25,o Dec. si,aao
suu, ....... sG2p7io,o so oe7 10 Inc s. oes 20,
The Clearing House statement for the day
Was as follows: Exchanges. $S3.05S.sSO: balances
&696.292. For the week: Exchanges. 1892 3OOl62;
balances. s3l.29G.3lo
on THE STOCK EXCHANGE
The whole market was strong. owing to the
haste of the bears to cover their accounts in
anticipation Il the sentimental effect. next week
OF the successful floating OF the bond issue II
was apparently considered good omen. too. thai
a large block Of southern Railway bonds had
been taken by an English syndicate. The Gran
gers were firm. and closed at the highest. with
in = Of the highest prices Of the day. as fol-
lows: Rock Island, Gliz. net gain Of q. Burling-
ton 7O7.. net gain Of y; ST. Paul. j9A.. net gain
q y. and Northwestern at 977s. net gain 81 -,
The Indus;rials were quiet. Sugar Guctuatcd
within = OF I point and at the close showed a
net gain OF :. at sSa. Chicago Gas was marked
UP Is To 727s. Dis'ilng and Cattle Feeding
showed a net gain 81 Is To- ga. despite the APP
parent efforts OF the president Of the company
to derress rs value. National Lead rose a point
gaining nearly what It lost yesterday.
The general list strong with the Changers
Pullman showed net gain Of ia. points at l55.
and Manhattan u at 1854. southern Railway
shares were "A feature In the trading. and al
vanced. both stock and bonds. FOR reasons al
ready mentioned Reading lost y on brisk bust
ness Western Union displayed strength. and was
= higher at $50. The market At the close
strong on s7.4lS shares done.
The success OF the bond subscription not
officially known In Wall Street until after bust
ness hours Nor heavy cmb"zziencnt in
one Of the National banks made public until
after u o'clock.
BONDS AND MONEY
Government bonds sold: None Quotations We're
4,