New-York tribune., 1896-11-01
Saturday. October SIP. m.


o.snl.s the general excitement attending the
IT. business mems sound-money demonstration.
go exchange transactions were large. and
,-,css were higher in the two hours OF trading.
r,r. ssntirnent was exhilarated and excessively
hu,Iish on the political and financial outlook.
r,.,a was no money market. as yesterdays
loans carry over to Monday. and the publica-
t,on OF the bank statement. showing far bet
..- condition of affairs than had been expected.
added 10 the improved feeling and helped the
inward course Of prices 10 no small extent.
Yesterdays advance in values and the reassur-
ing action Of the banks in allaying alarm over
the monetary situation brought some outside
buving into the market, and commission houses
received a number of orders from people VINO
expect to reap substantial profits after Iues-
days election. Opening prices were higher IN
the face OF lower London quotations.. snorts
rushing 10 cover. which in the standard railway
shares carried prices up 2Q3 per cent. Flna!
changes were at net gains in the chler actiVe
stocks ranging from fractions 10 rs per cent.
late reazatiors causing declines from the pest
prices of the day. Sugar Refining. Chicago Gas.
Burlington, st. Paul. and Reading presented the
chief activity. London houses bought some
stocks expecting, perhaps. a further advance on
Monday but the bidding brought out no very
available supply Of stocks for sale
The statement Of the associated banks. as
noted before was Unexpectedly good. ana re-
a week ago, while showing little excuse for the
excitement in the money market in the week
Moreover. it exhibited in It's specie holdings an
increase which indicated that not all OF the
gold received from abroad had been hoarde1
as generally supposed. Cash increased S1J93,-
100 made Up by increase in specie OF
50 545 500 and a decrease in legal tenders OF
S552. 700 Loans decreased So $50 100 against
a decrease last week OF S6.O19,SOO, and deposits
decreased S2O369OO against loss last week
OF S52124OO Circulation again deere eased. the
bair S14 The reSlf Of ALI the changes
was an increase in surplus reserve OF S2,op2.32o
10 S11 4t3 DO against 1.J9i 400 this week
year ago. and S63 204.2l5 in the same time in
1894. The banks lost on Sub-Treasury opera
tions S2,602.94S.
The following are the comparative statements
Of october "a and October 81:
Loan. s;cso 2 e s4s.s Ga Il 30 Dc cssSss' g 2 loo
:ss:.ai:f; $500 g sSsssS Dec Bss S
Circulation . $4,000 2oss5 800 Dec 1850
The following shows the relation between the
total reserve and the total deposits OF the re-
spective dates:
iss, icss::. ':S; s; 20 ''so sss B. BE- 's: Il: SO
Total reserve. l:7.osloo sl2eo7s7Oo Inc. 1888 100
ssains, deposits ll2 ioO7Oo rlelI.475 Dec. zoe 225
surpu, ....... siaeoosoo tl74eaac5 Inc. 25o2 s25
The Clearing House statement for to-day was
as IOlIONS. EXcndnGeS, SlCi, lJl, balances,
SJ.414016 For the week: Exchanges, $685.
49, 121; balances. $31 9S2
The following are the changes for the corre-
spending week OF the three preceding years:
ls95-Loans decreased 81. sol 900. cash increased
E01. 900. deposits decreased $3.50, 500, and sur
plus reserve increased S.O4 700 1s34-Loans in
creased Sl,l29300, cash decreased Si5s 900 de-
posits increased SS03,700. and surplus reserve
decreased $500 G2J: 1s93-Loans Increased
k5,05S,50O. cash increased SG.163 100 deposits
increased S41J090O. and surplus reserve in
creased SO 2259 975
The following table shows the bank holdings
on the respective dates:
Nov. 3. % Nov 2 'nS Oct 81 'e6
osns $500 s22 900 $500 SOL SAG go 900
specie ............ 90 600 81 3)s &c I1s 100
tesal-tenders 1ls 22s 800 2O eG o,s coo
veposits S9J l0i 900 b2s ss2
~ircuation l15l13OO u 452 20 1876 500
Inc following shows the relation between the
.o'aI reserve ana the total deposits Of the
spectNe dates:
,,.c,. Nov 3. "a Nov. as Oct. 81 sc
Se3 COO $Gt2s 200 SCI 77s 100
S'eoA-lehoers lis s5l 2fO eG ezlO
Total Soll $50 5oo s,o oco o, ,,o- ~. 100
Reserve required "Y''''"V *i-''"'''''o
against deposits. Jas 7.s c25 100 .e- eo -, c,,
psrcen,sS. ''''. sS34 215 sl7.594 400 Sl7 463 225
Ao ...'''' Soo 2sS 2s.8
STATEMENT OF THE ASSOC