The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-17


the money paid for the gold s released
from the cash stored at the bank.
London. Eng. Jan 1s.-Gcld is quoted TO-
day at Buenos Ayres al 1850; Lisbon, 81
Rome. ai.s7ls: American eagles are quoted
at 7ss7lsd.
Paris, France. Jan. 1s.-Three per cent
rentes. 1o2f5sc for the account; exchange
on London. 25f2Sc for checks.
Berlin, Germany. Jan. 1s.-Exchanse o.
London. eight days sight, 2ou.57lspfgs.
BANK STATEMENT.
New York. Jan. Is.-The weekly bank
statement shows the following changes:
Reserve. increase sS,Sl,c7 loans. increase
$2S3. 900. SPECIE, increase $50. so; LEGAL ten
ders. increase S. SIS. soc; deposits. increase
Sc SiS. lc0: Circulation decrease $3.50. The
banks nor hold So IL. e.5 IN excess OF the
requirements OF the = per cen. rule
New York jan 16.-The Financier says;
New York is row the cheapest money
center in the world and the statement made
by the clearing house banks for the week
ending January IS. showing further m
crease in surplus reserves of ss,SI1.t.S, - an
indication that 1t VII remain so FOR anla-
definite period. Up to the first OF me
present year the New York banks reported
a steady expansion in loans. the Increase
from November 10 January having been
not less than SIS. OGo.eoo Since January :,
however. the loans OF tho banks have in
creased only $500. CT practically notEins.
while deposits in the two weeks haxe ex-
banded 10 the enormous total of SIS, ooo,o c.
This accumulation has been Of no use 10
the banks and shows why the loan market
has fallen off so rapidly. Since January :,
the cash holdings Of the banks have risen
s.. 80. oOe In other words the deposits re-
main inactive in the banks In view o.
these facts the efforts being made by
number Of New York banks 70 MAINTAIN
minimum rate Of interest OF per cent sp-
- 01-
change in tie loan item Is evidence that
they have not abandoned the agreement,
which, It is asserted, some OF them nave
made The statement is interesting es-
pecially as relating 20 purchases OF steriih-
bills. The advance in sterling IS narrow
ing the profit 10 a small figure. and wh;ie
the low money rates OF themselves favor
an advance. the heavy foreign trade oai-
ances reported for the month and the year
do not encourage the belief that exchange
VIII rise TO a gold-exporting point. The
investments made IN foreign bills. the car
rying OF which IS really lending money 10
EEurope stand TO slose therefore. quite as
much as to gain. In the meantime. what
to do with the heavy surplus carried by the
New York banks is a serious problem sur
face indications favor an advance IN stoch.
prices. as low money VIII stimulate DuyinS
and industry in general, and II IS NOT uh-
reasonable to say that the heavy surplus
will be absorbed 10 large extent IN domes-
tic expansion. If this proves true, the
United States will enter upon an era OF
prosperity during the coming spring wnictl
has not been equalled since the spring OF
1874
LOANS AND EXCHANGE.
New York. JAN I6-Money on call nomi-
noally 1i4m2 per cent; prime mercantile pa
per 31bl4 per cent; sterling exchange urn,
actual business In bankers bills at si-s. "a
4s7s. for demand. and As5G4.s5iH for sixty
days: silver certificates Sizc; bar silver,
csc: Mexican dollars, 50s4c.
New York ain. 16.-Silver certncetes
closed today at e45s3e5Ac.
BANK CLEARINGS.
New York. Jan. 16.-Clearings. $102 49,
| CO.; balances, s., ss2. Sol
Boston. Mass. Jan. 16-Ciearings slo,oS1.-
| SAP: balances 81. 17e $50.
| Philadelphia Pa. Jan. 16.-Clearings, Sl,-
J 50s 42s: balances, 81, eos 800.
Baltimore, Md. Jan. 16.-Clearings, S2,i9o
| 103: balances s35S.156.
| ST Louis, Mo-, Jan. 16-Clearinss, S.''o.-
$50: balances, s72s. go: money ms per cent
New York exchange, par bid; DC premium
asked.
TREASURY STATEMENT.
| Washington D. c. Jan. 1s.-Today's state
ment of the condition OF the treasur,
| shows: Available cash balance 2299sl, 4lJ
| gold reserve s14l, 80, eS4
| IMPORTS FOR THE WEEK.
| New York. Jan. 16.-Ths imports OF DRY
| goods and general merchandise at this por
! this week were valued az sl0,s4l0ol-