The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-11

crritses. which impaired tone 70 the general
market. Purchases for investment az
count were d.scern;ble in many instances
and a better speculative demand occurred
for some Of the iow-grade mortgages Some
heaviness was noted towards the close OF
the week in the more active mortgages,
but without effect On the general trend.
Governments were que. and fairly wei
held during the early dealings Suose-
Quently. however. general weakness de-
vsloped on profit-tak.ng. with the new cou-
pom fors reactiug 70 l2i,. per cent
WEEKLY BANK STATEMENT.
London. Eng. July ie.-The stock ex-
change is closed. this being holiday.
New York. July Io.-The weekly bank
statement shows the following changes:
Reserve. decrease 81, 5as: loans. increase 81
o5S coo; specie. increase $500: legal tenders.
| Increase ss;2.ss: deposits. increase $685.
500; circulation. increase slice. The banks
now hold sil.S;l.s7o in excess OF the re-
| qu:rements OF the . per cent rule.
New York. July lo.-The Financ.sr says:
Coming after the unprecedented expansions
noted fer the week ending July the bank
statement for the current week exhibits
but modes: changes. That there IS stin a
demand for money, the increase OF S.Ss.-
100 in loans clearly shows. A comparison
OF the returns OF the sixty-fve clearing
house banks individually reveals the fact
that thirty-six have increased. and twenty
nine have decreased their loans. the
changes with one or two exceptions. being
unimportant. But while loans are increas-
ing deposits for the week have exceeded
them in volume, the gain for the past seven
DAYS aggregate ss.6ss.so The banks also
hold ST., 500 more in cash than on July J.
The effect OF these operations has been 10
hold the total reserve almost stationary.
The situation, however. Is Of more pro-
mise than indicated by the statement. The
banks having large business throughout
the south and west report a good inquiry
for re-discounts. The money on call In
New York Is much more concentrated than
usual and II Is said 10 be fact that one
OF the largest institutions has nearly So
600 600 cash outstanding in this way. This
Is not important. except TO show that the
market NAV be sensitive 70 control. once
that changes in rates begin. Bankers,
however. do not anticipate material ad-
vances in money rates for the present. as
the supply OF funds. no, only in New York.
but elsewhere. as well. IS far in excess of
the demand. II Is worthy OF mention. no,
as having bearing on the statement. but
as breaking a long decrease. that the cir
culation of the New York banks shows
small increase. after stedy shrinkage for
eight months, during which there was been
a loss Of about s.. 100000 in this item alone.
LOANS, EXCHANGE AND BONDS.
New York. July 1o-Noon-aioney on call
nom.nally ld1is per cent: prime mercantile
paper sal per cent; sterling dvxchange
steady, with actual business in bankers
bills at As704s7i. for demand. and at A.ss
a. SSH for sixty days: posted rates a Ssisa
AST1s and 81 $50; commercial bills sis5. Sill
vercertiicates 6osG6oa.; bar silver eoi4;
Mexican dollars A. State bonds quiet;
railroad bonds firm: government bonds
weak; new fours registered. l24ss: new
tours coupon. 1924; fves registered and
coupon. liAl: fohrs registered. illis: fours
coupon, III: Pacific stxss OF IS. 1oils-
Observation-Disclosures.
Washington. DC, July l0.-Today's
statement o. thest6nditon of the treasury
shows: Available cash balance $50, s66, 7o2;
gold reserve x42. oie.C51
WEEKS EXPORTS AND IMPORTS.
New York. July 10.-The exports OF specie
from the port OF New York for the week,
amounted TO ss72. AS in silver and $500 II
gold. The exports were: Gold. 1.sss;
silver, A9. Al; general merchandise. Ss.S72.-
sli; dry goods. A,42s.So7.