New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-24
CLOSING PRICES OF CHICAGO STOCKS.
CLOSING PRICES or SAN francisco STOCKS.
THE BANK STATEMENT.
Saturday. March 20

BY the operations Of the Sub-Treasury in this
city during the week ending Friday night the
associated banks gained s2.495, 293. The weekly
bank statement showed decrease In loans OF
s43jl, 500. decrease in legal tenders Of 3Ssl 400.
and decrease in specie Of s2i5S2OO. the decrease
OF total reserve being S5s1i600. The statement
again reflects the movements Of the bond synd-
cate and not conditions Of commercial business.
The decrease in deposits was s94i33W. OF this.
A35l, 600 apparently went 10 pay of loans; 24a3
200 Or specie went into the Sub-Treasury from
the repository banks and the decrease in legal
tenders 1851 400 represents sum which the
syndicate drew out OF the banks (on checks for
bonds by people who bought the new As at ll221)
and locked up. With the sum locked up last
week the amount now in limbo is a bout 81 900 O)O
1t may be useful just here to review the syn
dicate's apparent action up to date. 1t caused, In
the first place. s35 00OOO0 in gold be put in the
Treasury. where it is practically locked up. be-
cause no one seems willing 10 draw it out. At
least a premium OF 3-s paid for gold from
private store this week in the Street by in
stitution which. under ordinary circumstances.
would have drawn the gold out OF the Sub
Treasury. SO is not putting 1t too strongly
TO say that 3d., 100000 Oeast estimate) is locked
10 there out OF a borrowers teach. The
banks and trust companies which advanced that
sum have not yet been reimbursed and they
will not be until the operations Of the syndicate
are finished; but they are content, for they are 10
receive the profit reaped by selling bonds which
cost them 1O4. 49 at ll2.2J
The person who bought the new As at ll2.2J
paid into the hands of the syndicate managers
checks which. II the bonds distributed here were
half OF the whole issue must represent about
$40 900 600 At this point consider the position Of
Messrs belmont and Morgan toward the supply
Of money at this centre They had caused 49,
900 900 in gold 10 be placed securely in the Treas
ury. they held checks for $40 900 900 more. which
checks they could present when they pleased ana
do what they pleased with the money that theT
drew out. In view Of the bank statements oil
last week and TO-DAY IL appears that they nave
been plea ed far to present checks ana tahe
out money, 10 the amount OF about $lloVoooo;
and they need not stop until they nave Drawn
out the remaining $29.0OOooO more or less repre-
scented by the checks still in their hands. III
these checks are certified, as they doubtless are
so much the better. Now. whatever the syhdl.
cate wanted to accomplish tanI IL surely "ahteu
to accomplish nothing not patriotic. ana good for
the commercial interests Of the country, IL can
hardly be doubted that it could Withdraw ruiy
To.o0OooO from the loanabe money IN inns cch d
and that IL has already Withdrawn fuiy soVoo-
000-S3J.OOO 900 OF when "a in the treasury, ana
81 900. 600 in safe Keeping elsewhere
The result Of al the changes III inc panks our
ing the week decrease in the surplus re.
OF So i52 25 and the banks held IN excess OF
legal requirements $l3.li6.50O. against Sl'osS,i'
last week. and against S790'7GJ0 IN the same
week OF 1894 and s9.243. 200 in 1893
The following are the comparative statements
OF March I6 and March 90:
March 10 March ~ Differences.
Leans $3.50 OJt sy, Si>i. 49,, ioo Dec. kth5l 0OU
Suecie - 81 573oD G5. i20. 40p Dec. 100
IeosI tenders "a Gty 10, 20 "s1 Dec. 3.3Gl.i0o
Deposlts alb 80 ~ - -
circulation l--'",aP' i-'''"'""' NV '|'"''
The following shows the relation between the
total reserve and The total deposit OF the re-
spective dates:
Specie .... sG7 57a go s65 20 Dee 81 t5S zoo
Legal tenders 800. ~ Ci9 ;OJ 20 ss1y Dee 1851 100
Total reserve xIi7 22e $50 yIii iOs $50 sJ.sl+e go
Reserve required
against deposits I2aGs4I25 1921 Dec. :,3e..325
Surplus ....... sI75as 775 sisiie5Oo Iec s345. 275
The Clearing House statement FOR the day was
as follows: Exchanges. $50 037 900: balances. III
is' oz" For the week: Exchanges. $2ioS2sR:
balances $3l.l0s.52s
The total bank clearings OF all the clearing
houses In the United States for the week ended
to-day have been S947 1867 354 against 1894 G9s 475
last week aud $161.S]s.733 the corresponding week
last year
on THE STOCK EXCHANGE.
Stock movements to-day were not generally ex
pected Chances seemed 10 De that realizing sales
to take the profits of the weeks advance might
lower quotations. But. after "A rather dull opan-
ing orders TO buy came in thick and fast. a |
change OF sentiment seized the traders, and the