The Wichita daily eagle., 1897-08-08
CURED

VIII help make discount rise, especially II
il means that any gold will go TO Japan,
but as to that, nothing is known yet
Americans were very strong here today.
but still mainly on continued continental
and New York buying. Professional op-
orators here are getting short turns out OF
the market, but the public realizat.ons far
exceed the purchases. The settlement will
begin on Tuesday, and then some persons
expect the public to come in.
The next account of the indian govern
ment is announced. The minimum price
OF the issue of the rupee loan IN India is
57l2. This announcement is unpreceoent-
ed. a system of sealed minimum bids hav-
ing been observed.
LOANS. EXCHANGE AND BONDS.
New York, Aug. Money on call easy
at 1d11z per cent. Prime mercantile paper
Sl244 per cent. Sterling exchange weak
with actual business in bankers bills at
81 S614G4 SS12 for demand, and at siSi%I
4.S and SASS; commercial bills s4.S412. Bar
silver 563s; Mexican dollars 434. State
bonds dull; railroad bonds strong; govern
ment bonds firm, new As registered 1251s,
coupon 1251a.
WEEKLY BANK STATEMENT.
New York, Aug. THE weekly bank
statement shows: Reserve, ZHcrease si,-
71S,025; loans, increase ST. .5S, 200; specie, in
crease SS32, 20; legal tenders, decrease s4.-
$1,000; deposits. increase S.l&.3O0 circula-
s41,002,l25 in excess Of the requirements Of
the . per cent rule
New York, Aug The Financier says:
The statement OF the New York City
banks for the week ending August Z, is
favorable in every feature, and indicative
of the better business conditions which pre-
vail, not only at this center but over the
country generally. The idle cash was re-
duced about $1,000, COO. and the surplus re-
serve, which still Is in excess of $40 900, 900,
Is a GiYna
week in January. The loss in cash for
the curren week was due partly to the with
drawals of legal tenders for gold export
purposes not reflected in the previous state
ment. The $1,000 600 loan negotiated a
few days since by New York City also oc-
casioned some shifting of funds. 1t Is
important to note, however, that the banks
are not gaining heavily from the interior
movement and the decline IN domestic eX-
change rates still continues. With New
York funds at a discount, the proba binty
of of continued shipments becomes less.
The heavy grain movement IN the west.
and the reviving business conditions else
where must coon make demand on bal
anceS now maintained in New York by in
terror banks, and the fact that time loan
of S2,OO,oo0 was arranged last week by
well known house for four months. seems
to reflect an opinion that rates are easier
now than they viii be during the remand
er OF the season. The expansion Of $S.
566, 200 in loans as reported In the state
ment is a favorable feature. 1t would be
idle to attribute all the increase 20 mer-
camille demands, but no less than thirty
four banks doing a diversified business.
show gains. Three of the larger institu-
tons olne represent an increase OF 81, 800 900.
TREASURY STATEMENT.
Washington, d. c., Aug. 7-Today's state
ment of the condition of the treasury shows
Available cash balance S2S9, ia, ga; gold re-
serve $40, ,467, ,Sa
WEEKS EXPORTS AND IMPORTS.
New York Aug. THE exports of specie
for the port of New York for the week
amounted to S757, 800 IN gold.>-pd SsS4. 40 IN
silver. The imports for the week were:
Cold S297, ,ac2; silver. $50. .SeS; dry goods. ST.
253, ,957; general merchandise, Si,679, 400.