The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-22

New York. Dec 21-The New YORK
F':nanc:er says this week: The eXtraor-
binary conditions which sent money up 10
50 per cent and caused a collapse oil values
on the New York exchange Friday, are
not shown fully in the bank statement
ending Saturday. There was a sharp
contraction of 800 in loans, a de-
crease Of s., 743, zoo in cash holdings and
s.. 764. 700 in deposits, the result Of the
weeks operations, reducing the excess re-
serve by S1,32,55.
The New York banks, however, nave
nearly $4,000, 90 in cash over the legal
reouiremenks and their action in throw
ing immense amounts of money at low
rates on the market Friday, Wneh II
seemed that the panic OF 1888 was 70 pe
duplicated in more serious way, eIhlI4eS
them to the lasting respect OF the H@utoH'
Leading bankers here universally depIore
the Venezuelan affair, and a GSPalch
from Chicago TO the Ffnancier says that
nineteen out of twenty prominent pahk
officers interviewed think the adnanlstra-
ton has made a serious mistake
The total depost Is Of New York banks
are now S517, 500, or sixty mlIi-ohs less
than the highest figure reached during
the wear Loans are nine millions higher
than the lowest point. With the pros
peot of a large gold 4Oan next week, some
of the SiXty-seven millions IN specie he'd
by the banks VIII probably be absorbed
by the treasury and the money market
VIII in all likelihood, record the highest
regular quotations or the year. When
the war scare GIBBS, there ought 10 be an
influx of foreign money m volumes enough
10 RAPIDLY lower rates.
New York, Dec. IA week of intense
excitement in financial circles has just
been brought TO a, close Seldom, If ever,
has the stock exchange been convulsed 10
such a degree and for so long period
q s in the present instance Heretofore
panics have quickly subsided and the
bottom has been reached by rapid stages,
but upon the delivery n Tuesday last Of
Fhe presidents message Oh Lhe Venezuela
imbroglio. the depression on the stock
board has steadily increased. Associated
Press advices on Saturday declared the
RothSchlld story to be a canard and an
nounced that the LOTudon bankers had re-
solved to make no Withdrawals of Ameri-
can credits for the present. AS a result
declines made IN the opening dealings
were PARTLY recovered and a steadier tone
temporarily governed the share specula-
ton The improved feeling was of brief
duration, and the gains made were in
many instances almost entirely wiped out
and the market closed decidedly heavy in
tone. The sales for the foreign account
are estimated at about 10000 shares
which breaks all previous records At
the extreme low point on Saturday, the
more important declines compared with
the high prices prevailing earlier in the
week, are as follows: Consolidated Gas
cent metropolitan Traction 16s4 per cent
I1e4o preferred 1872 per cent, Rock Island
I512 fer cent, Rubber preferred Is per
cent Pullman 1534 per cent St. Paul 49,
Per cent, Lake Shore 147s per cent, Bur
Alguon Ass per cent, Louisville and Nash
NI!e 49, per cent, Cleveland, Cincinnati
chicago ard St. Louis 49, per cent, Kan
Sds ahd Texas preferred 14A per cent
A1achdWaIHa and Chicago Gas 1874 per
cent, lake Erie and Western preferred
% per cent Lead common 132t per cent
&haqa southern 1874 per cent, Tenn essee
Ia LIS per cent, Rubber preferred 1324
Per cent SOU bherlB preferred I2at per cent,
D-S.lhnS IZ1s Per cent, Sugar 12Is per
SeHt, M3nhattan and Iowa Central pre-
l9iTeG i per- ceE&, Pacific Mail 1124 per
cent. St PAM ard Omaha 11Ik per cent,
Delaware and HG4son 1124 per cent
Northwest 1ft6- per cent, Susquehanna and
Western preferred 111s per cent, General
Electro 1l5s per cent. Missouri Pacific Il
per cent, Denver and Rio Grande preferred
1034 per cent. Colorado Fuel and New
York Central l0l+ per cent. Illinois Central
10 ner cent AtchtSon preferred 97s pay.