The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-28

continuance on the present plan. The
moderate expansion in loans, developed az
ter the first of the year, and notably sew
eral weeks ago. seems 10 have been alto
gether checked. the past week bringing
about a further reduction, making the de-
crease IN three weeks two and three-quar-
ter millions. The causes which are affect
ing the loan total are not quiet clear. but
il is evident that maturing Obligations in
CURED during several large financial opera
tions of late are being Hquidated. Even
though there IS no incentive towards i'm
mediate gold exports, there is not much
doubt that the rapid accumulation OF funds
in New York IS infiuencin sterling exchange
IN its advancing tendency. II Is only nat
ural that exchange should rise when local
interest rates decline, as they have been
doing, but the automatic raquiSit;on OF the
rates is now interfered with, first. by our
heavy trade balances, and. secondly. by
the changes now going on in the boarded
sterling exchange held on this side for in
vestment. The inference is that unless the
proposed tariff shall influence heavy i'm
ports, money VIII continue cheap. On the
other hand. it is certain that the opening
of spring trade will require more money
than ever. and the local demand viii have
great deal TO do with making the average
rate for six months TO come. The United
States was never as well prepared to meet
an industrial expansion as It is today.
New York. Fe. 27.-The weekly bank state
ment shows the following change Reserve
increase sl,s55, o25; loans, decrease 49, 900,
specie. Increase s.. 123. 800; legal tenders, in
crease 81. COS 500; deposits. increase s.OSS 200;
circula ton, decrease So, 900. The bank now
-1n in, Of he
ments OF the 81 per cent rule.
LOANS AND EXCHANGE
New York. Feb. 27.-Money on call easy
al 1isG1s4 per cent; prime mercantile paper
2. per cent; sterling exchange firm, with
actual business in bankers bills at a.S79
4sTl. for demand. and s4.S5diS5l. for 80
days; posted rates si.s5iad4.ss; commercial
bills s4.S4A; bar silver s4ss; Mexican dol
lars 5024c. State bonds dull; railway bonds
firm; government bonds strong. New As.
registered, 1223s; new As coupon, 1223s; SIS
registered and coupon. 1l3S.; As registered.
ex-interest, 11ol4 As coupon, us; rs regis
tered, 95i.; Pacific SIS of 49, 1882.
BANK CLEARINGS.
New York, Feb. 27.-Clearings ss3, $50, 4s5;
balances s5.317,2s
Boston, Mass, Feb 27.-Clearings sli,7so.-
AZ; balances 81, S0e9. go.
Baltimore, Nd. Feb. I.-Clearings S,2N,-
95O balances s557.24S.
Philadelphia, Pa, Feb. 21.-Clearinss 81
Oh, 497: balances s, so, $50.
st. Louis, Mo-, Feb. Chickering's $751;
12e; balances s11s.7S3. Money 5d7 per cent:
New York exchange 80 cents discount bid;
p cents discount asked.
TREASURY STATEMENT.
Washington, Feb. 27.-Today's statement
of the condition of the treasury shows:
Available cash balance SIS. 013,o2s; gold re-
serve s14s,5s25S5.
WEEKS EXPORTS AN DIMPORTS.
New York, Feb. 1.-THE exports of specie
from the port of New York for the week
amounted to s1,171,645. of which SlSS, is5 were
gold. The imports for the week were: Gold.
s191, oi6; silver, s65.s2l dry goods s2,401, 4o5;
general merchandise, s5,S1 ass.