New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-20

s,>,o pv,rrs OF CHICAGO STOCKS.
Chicago. December 10. IS?
Saturday. December 1872. m.

r.o r.e,,,v statement Of the associated banks
s,or,ed \ further accumulation OF money at ms
cortra Although the increase in deposits was
G. 571 100 smaller than last week. the cash hoid-
ines gave "a larger percentage or gam put loans
showed less expansion. the Increase this week De-
ING only So 512 900 against an increase last week
~ s11 OG1. 100 Cash increased S3.4l4,o"V. maze
~ -, a gain in legal tenders Of SSH 100 and
gain in specie Of $500. 800. Deposits increased
Sc oSI 900 raising the reserve required against
deposits S1.I46.22o. and the adherence between
This increase and the increase In casa resulted IN
gain I'm surplus reserve OF 81 ,G6s.3i,. Surplus
reserve now stands al S332i4.2iJ. against 81 -
0SS.S0O this week year ego ana ~,
the same week in 1894 The increase In deposits
makes the total increase since the election OF
$50 1872 800. and In loans the expansion IN the
same time has been Si4S36."oo. ~ SUP ireas-
urv operations the banks gained in the week
81 436 2I0 and from the interior currency nov
rnent the net gain was above S-,ooV,' me
falling OFF from recent large increases III ,oans
reflects pretty accurately the liSnt business ooi,I
in commercial paper and the fewer loans nlsdc
On sterling collateral. There was moderate
movement In sterling loans In the week. but IL
was In no way such important factor as IN
the last few preceding weeks. and the demand
from the banks for commercial paper was less
urgent the large Institutions having their lines
pretty well filled.
stocks recovered to-day from the de-
preston caused yesterday by the action OF the
Senate Committee on Foreign Relations. ana al
crate scale prices rallied oil covering OF shorts.
higher London quotations and some buylnS by
interests who always come into the market when
a collapse in values takes place. These people
are the ones who know when TO buy and sell
stocks They took advantage Of the break caused
n wear ago by the Venezuelan message. ana sold
their holdings at good profits subsequently. They
bought during the period OF low values incident
10 the Popuists' recent campaign, and they re-
allied handsomely on the election advance. All
stocks in the active list. with the exception or
Manhattan closed at substantial net gains. but
last prices were somewhat under the best prices
Yesterday preceding the Cuban slump. In the
railway list ST. Paul. Burlington. Louisville and
Nashville Rock Island. Kansas and Texas pre-
ferred and Southern Railway preferred made net
gains above per cent, and in the Industrial list
Sugar Refining Chicago Gas and Consolidated
Gas were up 1AQ2 per cent. Manhattan was
weak OH the petition for the removal OF the d.
rectors made at Albany yesterday. and Western
Union although making net gain. was heavy
in sympathy In some circles the petition for tho
removal Of the Manhattan directors on the
ground that they had paid urearned dividends is
but down as a stock jobbng scheme: but despite
his the fact remains that the Manhattan com
pany has been paying unearned dividends, as
has been frequently pointed out In this column.
and although the company has been In the haDit
of announcing q large reserve surplus. 50 far IL
has appeared as little else than book surplus
II will be interesting TO find out OF what TINS sur
plus is composed.
Closing prices 10. last sales OF the principal
active stocks compared with the hnal ngures
~ yacterday were as follows: