The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-31

| Utah Extension SIS trust receipts, s per
cent; Utah Suothern general IS trust re-
ceipts, ga per cent; Oregon Short Line con-
sells SIS trust receipts, Az per cent; Atchison
adjustment As, 35s per cent; and Northern
Pacific consols SIS trust receipts, 3$s per
/ cent.
The government bond market was active
| and buoyant, the banks and trust compa-
MES figuring largely as buyers. The new
As registered gained 12s per cent; new As
| coupon, IL per cent, and other issues adj
vanced sharp fractions. The sales were
| $723,0 GOO.
Silver certificates were dull but fairly
steady on transactions of $1,000.
WEEKLY BANK STATEMENT.
New York, Jan. 3O-The weekly bank
statement shows the following changes:
Reserve, increase s., OSo, $50; loans, decrease
81. 75S, 600; specie, decrease $500; legal ten
ders. increase 1,493, coo; deposits. decrease
S147, 500; circulation, decrease 1865, 800. The
banks low hold s5914S 80 in excess of the
requirement of the % per cent rule.
The New York Financier says this week:
The excess reserve of the New York City
banks is now approximately equal to the
combined capital of the members of the
clearing house association, and the amount
is steadily increasing. The decrease IN
loans shows the effects of the present con-
gested money market at this center. The
policy OF the banks until this week has been
to refuse to lend money for less than per
cent, as many of them were paying that
amount on balances, but if the present
move to reduce interest on bank accounts
to less than that amount is successful, the
lonaS which now go to trust companies
may be reflected in the bank statement.
But aside from that feature, the liquida
ton in sterling exchange bills. which was
mentioned in this analysis last week, has
operate to reduce loans, since the closing
of these accounts has necessarily cancel
led loans on sterling security. Just what
proportions this liquidation has assumed is
not known, but if the course of the foreign
money market is such as to involve a larg-
er closing of these accounts. The Idle
money thus thrown on New York will only
so TO swell the amount of useless money al
that center. The present situation is in
teresting. even if unsatisfactory. There is
no probability of relief in gold exports, and
the relief which government bond sales
gave to the money market in the past will
not be repeated.
FOREIGN STOCK MARKET.
New York, Jan. 3o-The Evening Posts
London financial cablegram says: Sec
rotary Chamberiain's speech dampened all
the stock markets today, but the close was
above the lowest Americans were good.
There are signs here of New York sterling
bills being converted into cash by means
of cable transfers to pay for wool, etc.
FOREIGN STOCK MARKETS.
London, Eng, Jan. 30.-Consols for money
1I2@s; for the account 1129s; Canadian Pa
Cific 80; Erie 1512: Erie firsts preferred S514:
Illinois Central 9624: Mexican ordinary 2Si2:
SITS. Paul common 1874; ew York Central
9654; Pennsylvania 53as, Reading 1855; Mex
lean Central new As. Ti2; Atcaison Is; bar
silver 293s; money 1N11a per cent. The rate
of discount in the open market for short
and three months bills 2ls per cent. Gold is
quoted at Buenos Ayres today at 100; Lis
bon fl; Rome 10I9a. American eagles are
quoted at 76s12d,
rentes 102i95c for the account; exchange
on london 25f19c for checks.
Berlin, Germany Jan. 30.-Exchange on
London, eight days sight 2n40pfgs.
LOANS AND EXCHANGE.
New York. Jan. 30.-Money on call easy
a 1lzGl24 per cent; prime mercantile paper
3IIi per cent; sterling exchange, heavy,
with actual business in bankers bills at
81 S6i 1I4. S6s. for demand. and Ss4i&64sis4
for sixty days; posted rates st.S5G4s512 and
sSI2; commercial bills SLNd4SSI2. State
bonds duh Railroad bonds strong. Govern
Us; coupon. 1854: fives registered. 1lSSs;
coupon. HAS; tours registered. HIS; coupon
ll21l. twos registered. So: Pacific skies OF
rs, 1852.
BANK CLEARINGS.
New York. Jan. 3O.-Clearinss, $50 SIT;
balances. s.. 49,, Gee
Boston, Mass, Jan. Chickering's. s14,
S53.65S; balances. s., 500. Cos.
Philadelphia Pa. Jan. Chickering's, S.
S07, 756; balances, s., lie. sti.
Baltimore. Nd. Jan. Sa-Clearings, s.. H.
$40: balances. $l0,03o.
ST. Louis, No. Jan. Chickering's. s2,soe.
g.; balances. $3.50, 4o7
Memphis Tenn. Jan. So.-ClearirSs. S-47,-
539: balances. So. TO-
New Orleans, La, Jan. Chickering's, ST.
S99. Sl9.
WEEKS EXPORTS AND IMPORTS.
New York Jan. 3A-The imports OF dry
goods and general merchandise at this port
this week were valued al Ss,9SS. sac The
imports of specie this week were sl04 4SS. OF
which s4S SO. were gold. The exports or
specie from this port for the week ending
today aggregate S962,656, OF which s7l,9io
were gold.