Birmingham state herald., 1896-03-01
NEW YORK BANK STATEMENT.
The Banks Have Lost in Cash $Io,55O, 200
 Since February g.,

).
 New York, Feb. 29-The Financier says The banks statement for the cur rent week is important mainly in dem- onstratng the fact that although the greater portion of the money needed for the $100,000,000 bond subscription has been paid over, the clearing house banks still hold $22, ,000 900 excess reserve the loss in cash for the week having been only $4,235, 900. of which $3616, 900 was specie and $619,100 legal tender. Since February the banks have lost in cash SIG, ,550, 200, and their excasS reserve has fallen in round numbers about SIS, ,OOO,- 900. In view of the fact that at least S5 per cent of. the new loan has been inanced through New York city, this makes a most creditable showing. Of course, the depository banks held, up to last week, something like $26. 900, 900 of. government deposits, a part of which has since been covered into the treasury, but with a surplus reserve above $20, ,00O,- 900 it does not seem that a tight money market is in sight.
 The statement for the week is also fa- vorable in showing an expansion of $4,- 726, 100 in loans. The market for paper haS beeIf much easier of late, and the fact that banks are again extending this part of their business after the sharp contracton-which sent the loan totals from $564 ,5S0. 700 on January 4, to $445,- 431 800 on February Scan be seen in the
 
 weeks. The decrease of $20, 900 from January to February 8 has, therefore. been nearly recovered. Part of this ex- pansion, no doubt. represents bond pur- chases, but mercantile demand is re- SpOnsible for a proportional loss.
 That the new bonds are being used for circulation purposes is evident. Sever al of the larger banks have of late with drawn a large amount of their circula- ton, but the current statement shows aAh ing repeated not alone in New York. but all over the country
 The averages show the following. com pared with the last two years: , Feb 29 9S. M,ch2, ,95. MehS, '94; Specie ;. ...... 6o.3Ot0o 69592. 300 e7526,9oo Legal tenders s6,52l, goo 9o572,2 200 1ll.1S79oo Net depos 4sssS S sSS sSS s sS S Total reserve 146 S25,2Oo 16o,16l,7OO 2OS,7l42Oo 9uired :. =. i22.4cs,O5o is2,1iO.sOO 1ss. .ss5 300 serve :. ~. 24,i22.iso 2s,Oi5,ooo 75.77oOOO
 HoW's This.
 We offer $100 reward for any case of Catarrh that cannot be cured by Halls Catarrh Cure. F. J. CHEVY & CO.,,
 Props, Toledo, O. We the undersigned have known r. J. Cheney for the last fifteen years. and believe him perfectly honorable in all
 
 to carry out any obligations made by their firm.
 WEST X TRUAX, Wholesale Druggists, Toledo, O.
 WALDING. KINNAN & MARVIN,
 Wholesale Druggists, Toledo, O. Halls Catarrh Cure is taken internally, acting directly upon the blood and mu- cous surfaces of the system. Price. 75 cent per bottle. Sold by all druggists. Testimonials free.
 3-1-1m-sun-wk.
 To Cure Cold in One Day.
 Take Laxative Bromo Quinine Tablets. All druggists refund the money if it fails to cure. 25c. 10-27-6m-2p Sample copies of the State Herald's industrial issue on sale at the business office. Send in your orders if you want to mail copies to your friends. Best indigo calico at 4 lac, and if you buy $5.OO worth we'll give another $5 worth.
 The Geo. Passe Company. We have one of the choicest stocks of imported sardines in the city.
 JOHN Fox's SONS,
 Grocers,
 4th avenue and 10th street. Bedding of every descrip- tion at H. Hersfeld's.