The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-04

on the week IS ~ per cent ana Burning
tons loss is nearly equal. the former |
stock having over.aken and crossed the |
latter in price and closing the week al
the same price. The statements OF both |
roads for May were also notably good |
The returns Of mos: OF the railroad COM |
panIes of the country continue 10 show |
improvement. In some instances il Is the |
net earrings thai show gains. az the ex-
pense OF continued retrencnmen: in cost
OF operation and unimp-ove9 gross re-
turns In other cases the increased gross
returns are eaten up by added COS. OF
maintenance and equipment, rejecting
the necessary outlay deferred during The
period OF depression and now made feaS-
ibie By increased earnings. The number
OF properties which have come through
the business depression in such good con-
dition as 10 make their gains immediate
IS available 70 the stockholders is COM
parstively small.
A feature OF the week has been the de-
cline in sterling exchange 20 below the
point where gold exports are profitable.
even with the consideration amounting
TO q premium, which is still offered fo-
gold in Europe. A specia. order for $780,
600 in gold, which was received from Eu-
rope on Thursday. found no takers II is
the general belief o; exchange and specie
export houses that this marks the ter
rnination OF the outgoing gold movement
for this year.
The growth Of bank clearings in June
indicates an increased activity in bust
ness. though it is not 10 be included in
banks outside New York, according to
the Financial Chronicle, only l per cent
over las. year. while for New York City
the increase Is per cent. supposed 20 be
largely due to stocks speculative. Depos-
its In New York clearing house banks are
several million dollars in excess OF the
highest previous record, and currency
continues to move 10 this center. Blu; the
weeks expansion in loans Of these banks
is s3.157. 200 greater than the expansion
in the deposits for the same period This
indicates step toward the absorption Of
the surplus idle funds in the New York
banks. which have glu;ted the money
market for many months and reduces the
excess of deposits over the loans. which
last week reached s75.41s.o0o. by the
amount stated.
Net changes for the week in the stock
narke, are mostly losses In the active
shares. but they only reach as high as a
point in a few shares
The bond market was active and
strong during the week. Operations for
foreign accounts were less notable. The
high prices for prime mortgages were for
some generous purchases Of low-priced
/ liens. The aggregate sales were $9.2O7,-
! COO.
LOANS AND EXCHANGE.
| New York. July 3.-Money on cal, easy
at 1La1h per cent: prime mercantile
paper sG4 per GEN.. Sterling exchange
| easy with actual business in bankers
/ bills at s4SSz CAST for demand and at
| s4s54 G4s6 for sixty days: posted rates.
s4s615 G4sTIs and s4ss04ss1s: CONNER
| cial bills s4.s5. Bar silver 60: Mexican
dollars Al Railroad bonds firm: govern
ment bonds firm: new AZ registered 125t
coupon 125,s is registered HAS; coupon
HAS; As registered 1114s: coupon 1121s
% registered s71a; Pacific g OF 'ss. 1Ol Y.
TREASURY STATEMENT.
+! Washington. July 3-Todays statement
| Of the condition OF the treasury shows
Available cash balance, s2Ss, 44o.719; gold
reserve Sal e7s, 1S6.
| WEEKS EXPORTS AND IMPORTS.
New York. July 3.-The exports Of spe-
Gle from the por, Of New York for the
week amounted to s7s3.0s3 in silver. No
gold The imports were: Gold 1854
silver $50, us: dry goods s.. so4, 7s6; gener-
al merchandise 500, $50.
THE BANK STATEMENT.
New York. July 3.-The weekly bank
statement sh7ws the following changes:
Reserve, decrease s7.s54.2I5; loans, in
crease, sl1 02O. 500; specie. increase. $685.
900; legal tender, decrease s5,sls,4Oo; de-
posts, increase s7,Sss,100; circulation.
decrease $50, 700 The banks now hold
sl, Ssi,S75 in excess of the requirements
Of the % per cent rule.
New York, July 3.-The FinancieI
says: 1.-The statement Of the Associated
; Banks OF New York City for the week
ending July 3, confirms the fact thai
The prosperity so long awaited IS al
i length a fact. The astonishing expan-
sion of s11.os6.3oo in loans has never
len eauailed before, except perhaps once
or twice when special causes account
81 for the increase. but in the currer'
statement rC unusual factors beyond an
actual revival in business are 10 be DIS
covered. Gu: OF the sixty-five ineti:u-
tions now connected with The clearing
, house. fifty- show an increased !can
while only fifteen snow diminished dis-
, codnis. This is a larger percentage o.
, increase than has been reported lo'
months past. The National City oanl
AMI the National Bank OF Commerce. !
i. t-us. are responsible tor half the tota
increase. bu. the remainder. when o.
/, Itself il a note worthy gain, IS distribute
ea alnos. uniformly among ne banks
Theo reelection made in the analysis las
r-eek. ta-t loals would assume record
breaking properties has been iu!h.isf
maca sooner shan aneic:pa ed TO De
fin. the line. 90 this expansion has -uI
wound be difficult. ou. July settlements
heavy customs paymeats and nercan
rils demands. together WIFE re-discouac
ard me shifting Of investment sec1Ti;ie
by large corporations. have been FeSpon
sible to- large portion OF the changes
/ The deposits as might have been ex
: pec.s5. show similar Increase II
total deposits. for me frs; tine N ~
: history Q. the clearing house. exceed n
: s,x hundred million marx The neav.
\ deposits a. present have Increased ~
: * per cent reserve liability 70 10,
: as. Sai as ne ac-ua; cash reserve j
: banks. according - Ire e;a'sn sri. va
4: cs2. SCI. 500. the surplus aooVe iegal r
: ou!reneus IS ;il.3sis75. decrease {
4 & s5se75 n one week The banks a.