New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-03
CLOSING PRICES OF CHICAGO STOCKS.
Saturday. January 2-p. m.


Changes in holdings Of the associated banks
this wOk showed a gain Of S4.047 800 In the
deposits; but an increase of SO, 7O2 600 in loans,
with only an increase Of $4,000 in cash. off
set the effect Of increased deposits on surplus
holdings. the reserve required against deposits
being raised by more than $1.000.000. and leav-
ing loss in surplus reserve of 81 022 $50. The
increase In cash was made up by a decrease Of
$425.7OO In specie, and an increase Of $500, 700
In lega! tenders. The increase Of S4,947,S0O In
deposits makes the gain in this item since the
first week in November 500, SAT 400. The move
ment Of money from the interior has begun
again. the needs of the Western institutions
having been satisfied, but the actual movement
Of currency In tho week was poorly reflected
in the statement, as 1t covered results up to
Wednesday night only The increase in loans
was somewhat unexpected, and probably was
due to borrowing in connection with January
interest disbursements while the increase in
deposits may have reflected in part loans placed
to the credit Of borrowers.
Only a small business was transacted in
stocks to-day, but the opening of the year
in the security market showed an advancing
tendency in prices. with final quotations at
marked improvement over those of Thursday.
Although the total transactions amounted to
less than $4,000 shares. there was a fair dis
tribution Of trading, Reading, Sugar Refining.
Atchison preferred Chicago Gas. Burlington.
st. Paul, Consolidated Cas- General Electric.
United States Leather preferred and Western
Union being the most active issues. Sentiment
was certainly more cheerful, and In a few stocks
special influences contributed to higher prices.
as In Chicago Gas. which strong on the
close OF Governor Altgeld's administration In
Illinois. In his retirement from public life. one
of the beneficial results Of the recent election
becomes pronounced, and as the year grows
older many more encouraging factors will fol-
low in rapid succession General Electric was
a strong feature on good prospects for the COM
pany's business this year. and Consolidated Gas
and Manhattan were weak, the first named on
fears Of adverse legislation at Albany gas
interests. and Manhattan on account Of posi-
BILE unfavorable developments at the hearing be-
fore the Attorney-General On the petition for
the removal Of the officers and directors Of the
company. The railway list. with the exception
OF Manhattan, closed at net gains. Delaware
and Hudson being conspicuous at recovery
of nearly / per cent from Thursdays last price.
There was nothing doing In the money market,
but the foreign markets attracted considerable
attention, owing to q fall in call money and
omen market discount rates. the first named de-
clning to 202h per cent. against 31sd4 per
cent Thursday and the open market discounts
to 500 1-16 per cent against 3ss per cent Thurs
day. In Berlin the open market rate declined
to 81 per cent. against Az Ter cent the day
before yesterday. The influence Of easier money
was reflected in higher prices on the London
Stock Exchange, British consols advancing u
per cent. with substantial Improvement in other
securities and numerous net gains in Amerl-
can shares
Closing prices for las: sales Of the principal
.c,,ve stocks. compared with the final figures OF
Thursday were follows: