The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-20
SLIGHT GAINS MADE
BANK STATEMENT IS THE FACTOR
IN TIE STOCK MARKET.
Bull Side is Favored Pending the Publish
pointing Than the Two Previous, But
Still Not Up to observation-disclosures
Occur After he Issue of the Statement
Though the Market Closes Firm
Weeks Speculation Reviewed - Trade
balances Compared.

Though the Market Closes Firm
Weeks Speculation Reviewed - Trade
Balances Compared.
New York, Sept. 19.-Today stock
market was a perfunctory affair, deal
ngs being on am abnormal light scale
ing, fractional. Traders during the
greater part of the session worked up
on the bull side IN anticipation Of a de-
cidediy Favorable bank statement, ow-
ing to the continued heavy gold i'm
ports. The exhibit, while not as diSap-
pointing as upon the two previous oc-
casions, failed to come UP to expecta-
tons although the shipments of cur
rency by the banks to the interior were
lighter than had been pre-fgured. The
statement showed q gain IN legal re-
serve Of only s2,6S6,560, and OF 1873, 500
In specie. Deposits increased only
s3N 800. A prominent banker estimates
that of the s27,S36, $50 in gold whboh has
arrived to date, about A7,0O0 900 has
been absorbed by the treasury depart
ment, and the banks have probably
gained about 100000. In addition,
treasury for examination today. The
balance is said to be accounted for IN
other deposits at the sub-treasury and
the assay office for examination.
In the early dealings, covering adj
vanced Western Union and Manhattan
over a point, and Leather preferred and
Chicago Gas We're strong features. AZ
ter the publication of the bank state
ment, receSsionS occurred all around.
The market closed firm at slight gains
generally.
The speculation of the week dragged
tediously at intervals, and the course OF
prices was irregular, the closing record
ing slight gains generally. The manip-
ufatjon Of the market by a few leading
operators accounted for a large part of
the transactions, and the result of the
tactics employed was the practical
elimination of the short interest in a
number of specialties. The publication
Of our foreign trade for August tended
to make clear the cause of the inflow of
gold TO the United States. 1t showed
AN excess of merchandise over imports.
Of 1900. 900, against an excess of inn
ports over exports in the same month
last year of 5000, O00 The immense
amounts Of our staple products that are
being forwarded TO the seaboard have
caused practical corner IN ocean
freights, and 1t is reported that all the
room available has been engaged I'D to
IN end of the year. A feature of the m
tenattonal movement was the shifting
d the burden of supplying the demand
for gold, from London to Paris. The
sariy depression IN the general list was
succeeded by extensive covering of
snofTtS, resulting in rallies In most
Ehares, and THE movement was given
ln-petuS by the active bull leaders. The
announcement of heavy additional gold
en g'agementS impaired buoyancy to the
late dealings and carried many stocks
above the closing figures of the previ- |
BUS week
The bond market Of the week was dull |
and without essential feature with the /
exception of decided changes in some of
the inactive issues.
GJvernments sagged in the early
trading in sympathy with the depress-
lon in other securities, but the losses |
were subsequently nearly all recovered. |
THE BANK STATEMENT.
New York. Sept. 19.-The weekly |
bank statement shows the following |!
changes: Reserve, increase. s1,6S6,550; |
loans decrease 5000, 500; specie, increase |
81, 472. 800; legal tenders, increase $780, !
500: deposits, increse 1921, 500; circula- |
tom, increase sos, 400. The banks now |
hold So 454, 1875 in excess of the require |
ments of the % per cent rule.
New York, Sept. l9.-The Financier |
SAYS this week: The reserves OF the |
New York banks now stand at the high |
Est figure reportd since August s, last. |
The interior movement has been very |
strong during This period, and even II |
the banks do not hold the cash that has
come from abroad. in their Vaults, it /
has gone to other sections and IS there, /
peItforming an important work The |
movement of crops has been so much |
sarlier that it has created a legitimate
demand for money, and as the future
holds out a certainty of gold imports
the banks can use portions OF the pres
ant surplus satisfactorily in a local
Hya. The imports have opened a num-
Der OF supply, permanent for this sea-
son at beast, and there is no reason to
anticipate a prolonged stringency. The
Da.nkS are still taking out new circula-
ion for temporary use, and the total
low in is 1922. 100, a figure higher
han ever reported.
LOANS. BANKS AND CLEARINGS
New York. Sept 19.-Money on cal,
b06 per cent; prime mercantile paper
1GS per cent; sterling exchange, heavy,
with actual business in bankers bills at
81 1-2G3-4 for sixty days and So So ga
a 4.S4 for demand; bar silver, s5 1-2; Mex