The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-10

fours 112H. coupon 1874; twos ss1z: fives
registered. 115z. coupon, 115ss: Pacific
SKIES OF 'sS. 102A.
FOREIGN STOCK MARKETS.
New York. Oct. 9.-T1e Evening
Posts London financial cablegram SAYS:
The stock markets were idle today.
| pending the settlement in mines, which
is 10 begin on Monday next. Americans
were steady. The belief grows here that
the Indian minis will not reopen. for
| the reas sons stated in these dispa ,ches Of
| September 2s. The London n,ony mar
ket stands al 1915 per cent Supply Of
| American two and three months bills is
Increased. Offering rates On bills 10 ar
rive ten days hence are . IA per CEN.
and upwards. a Canadian - per cent
! loan for 1000, coo pounds sterling is an
| nOunced. with a minimum issue price o.
| 81 psr cent"
| London. Oct. 9.-Bankers are not yet
| inclined 10 take bills freely in view Of
| he probability OF further shipments 70
| New York and the expectation OF an
! early rise in the bank rate. II is stated
| thai the price Of eagles Will be raised in
the event Of further heavy Withdrawals
o. geld, although the Bank Of England
mas profted handsomely by the recent
rates
South African securities opened today
in a depressed condition. owing to the
report OF the serious illness Of Cecil
Rhodes. The followers OF Mr.. Rhodes
showed undisguised alarm and the Sc
Of ~ wi -h
African company fell three-sixteenths.
Ali Rhodesian securities were weak. The
serious illness OF Mr.. Rhodes. however,
has been denied. II is said that ne has
an attack OF fever, but is said 10 be re-
covering.
LOANS AND EXCHANGE.
New York. Oct. S.-Money on call NOM
inal!y 1-2G3 per cent. Prime mercan-
tie paper 1-4Q5 per cent. Sterling ex-
change steady, with actual business in
bankers bills al 81 So 3-4G4. 81 IL for
sixty days; posted rates 81. S3d4 So IL;
cmmercal bills S4.N. Silver certificates
81 - Bar silver SO S-4; Mexican dol
lars AZ IL cents.
THE BANK STATEMENT.
New York, Oct. 9.-The weekly bank
statement: Surplus reserve, decrease
81, OF 900: loans, decrease $685.. 800: specie,
increase Sl,5S3. 400; legal tenders, decrease
S4,202. 300; deposits, decrease $2.606 goo;
circulation. increase $40. 800. The banks
nJw hold SIS, Asa, 500 in excess OF legal re-
quirements.
New York. Oct s-The Financier
says:
The statement OF the associated
banks of New York city for the week
ending October 9, shows material re-
duction in cash, the reserve having de-
creased over two million dollars, all OF
which apparently has gone to the inter
ior. The money lost seems 10 reflect ac-
tual shipments, although the state-
ment is complicated by the adjustment
OF October settlements which have been
going on during the week. The decrease
in loans IS TO DE attributed to stock ex-
changel liquidation, since the market for
commercial paper and time loans has
been more and more active OF late and
great deal of new business has Coeen
doing in these lines. Some banks in
fact, nave Withdrawn their call money !
for the purpose Of putting it into mer-
camille paper. The reduction in the !
loan item, therefore, represents, rather |
paradoXically, a better business condi- !
ton. The banks apparently have ac-
ceptej prevailing rates as the maxi |
mum and are taking advantage OF them |
on the theory that the heavy gold i'm |
ports will prevent anything like a strin- |
gency in the market. The heavy de- |
crease in the reserve was unlocked for |
but il is to be observed that specie re- !
ceipts are already supplying the heavy /
drain of money incidental 10 the inter /
ior movement. The gain in gold was
made up from the receipts at this p0r. |
and from San Francisco, and counter !
acted in part the loss in legals which |
the banks report. As the specie now on I
the water and engaged for shipment |
from Europe amount 70 $3.50, 900, fur |
ther losses in cash will be replenished |
and the outlook becomes more brighter. 1
The international shiftings Of funds is /
now working automatically and the vol /
ume will be determined largely by mon
ey conditions prevailing here While /
there will be no really cheap money. it 4
is yet difficult 10 see how there can be |
any actual stringency at any time this
year. AS the gold due 10 arrive viii not
figure in next weeks bank statement
il would not be surprising IL a further |
loss in the reserve IS noted at that time.
GOLD IMPORTS.
Southampton, Oct. 9.-Tne American
line steamer Paris. which sailed from
this port for New York today, carried
81 oo5.000 in gold consigned 10 different
New York houses
TREASURY STATEMENT.
Washington, Oct. 9.-Todays state
ment OF the condition OF the treasury
shows: Available cash balance :213,>
SIC, A6: gold reserve s14e,144,027
GRAIN AND PRODUCE Markets