The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-03
The week has shown a subsistence Of tn,

| friday OF per cent This was clearly
understood to be due to temporary dema nc
for the necessities Of the first OF October
settlements. Bank clearings Of all tht
cities in the United States show a decrease
from last week Of over 3 per cent. though
the increase over last year Is stu q pei
| cent, but compared with an increase last
week Of over 81 per cent. The market
| for sterling exchange has steadily declined
! since Monday and gold imports are be-
| iieved to be again imminent. The weak
i ness Of Chicago is due 10 offerings Of cot
| ton bills. In estimating the probable d.
! mansions Of the gold imports the low
] price for cotton must be considered. which.
| compared with last years prices, will
make difference Of many millions Of dol
lars in the balance due from abroad on COT
| ton exports.
Imports of general merchandise and dry
| goods at New York for the week show an
increase of 81. So, 1854 over last week, while
the increase of this weeks exports from
New York over last week was only about
s7J0,00o. In consequence OF today's rally
in prices. net declines in very few stand
ard railroad stocks reach per cent on the
week. and some show gains. Northern
Pacific preferred and the Pittsburg, Chi
cago. Colorado and Salt Lake stocks are
conspicuous in the latter class
BONDS.
Bonds have been much less active than
of late, and have resisted the decline bet
ter than stocks, net declines beng small
and some issues showing gains. Total sales
SO, 10000
United States bonds are Is to y per cent
higher. New fours. registered. 1855; cou-
pom, 126: tours, 1117s; coupon, Il3: twos, IS;
tives, registered. and coupon, 114s.; Pacific
skies Of 'SS, 102l..
FOREIGN STOCK MARKETS.
New York. Oct. 2.----The Evening Posts
London financial cablegram says:
"A further rise in stocks was record
ed today. Americans were strong and
closed at the best. More American bills
were offered and there was renewed talk
of gold exports, but there is nothing def
mite to report
LOANS AND EXCHANGE.
New York. Oct 2.---Noon.---AIoney on
call nomially 214@3 Per cent; prime mercan-
tile paper 1895 per cent. Sterling ex-
change weak, with actual business in
bankers bills s4S414a4.s4a for demand ann
AS213 for sixty days Posted rates siS3fs
4.S4 and s4s514d4.S6. Commercial bills s4sl |
Bar silver 5eia. Mexican silver dollars |
43c.
ABUNDANCE OF GOLD.
New York, Oct. 2-The plethora Of gold !
in the banks and the treasury and the |
scarcity Of greenbacks, Is causing banks |
some difficulty in making their payments |
at the clearing house in bills, and may |
cause most Of them in a short while to |
return 10 the practice of years ago and |
settle their daily debt balances IN gold. The |
~,
when the National Park bank paid its
entire debit balance Of S5S600O in gold. Two |
other banks have also paid gold in settle
ment of the debit balance. 1t is considered |
likely that other banks VIII have TO follow
suit shortly. Just AT present the banks !
mostly prefer to receive bills rather than |
gold in payment OF their credit balances. |
The gold is paid into the clearing housa |
in the shape of clearing house gold certifi- ,
Gates. which is the most convenient form .
of payment, as It does not involve any
counting or so much handling of so much /
coin.
The si.oo0,0c0 in gold received from ths |
Deutsche bank of Berlin, by the National 4
City bank of this city yesterday was to- |
day sent TO the sub-treasury for eXam.na- |
ton.
LaTouraine Of the French line which |
arrived here this morning, brought over |
81. ooocc0 in gold for the Hanover National /
bank.
WEEKS EXPORTS AND IMPORTS.
New York. Oct. 2-Exports of specie from
this port for the weee were ss6S. lS5, OF
which sl0s40 was gold. Imports OF specie
for the week: Sl,1OS.29i. of which s1.0l9. 81
We're OF gold. Imp.rts of dry goods and
general merchandise Were s5.s61. 0S6.
TREASURY STATEMENT.
Washington. Oct 2-Today's statement.
Of the condition of the treasury showsl
Available cash balance, s214. So, 6s5; gold re-
serve, slE, ell.71
THE BANK STATEMENT
New York. Oct Weekly bank state
nent: Surplus reserve. decrease, s44- I09; |
cans, decrease, $3.50. 600; specie. increase. /
,i9i. $50; legal tenders, decrease. Sc. so 30:
deposits, decrease. 5000. $50; circulation.
So. 900. The banks now hold
1880, 90 in excess OF legal requirements.
New York. Oct. 2.-The Firancier says:
The statement OF the associated banks
Y New York City for the week ending Oc-
ober > IS proof that there is no occasion
or the fears entertained earEes in the
eason OF an actual stTingercy in the money
market. Despite the steady decline in the
,9OkS DN reason OF Inc INTERIOR CeQlal1 J
or crop money. the reserves are maintain
( AZ a secure point. and the natural effect
Z conditions which have been making sli
casons may be trusted 70 obviate any de-
'arture from this standard in the future.
The Liquidation In loans continues, the loss
or the week bringing the total 10 an !
mount OF s7.s2o.2o under that reported
hree weeks ago In the same time DE- !
osits have fallen OF s.. so. 80. while the
eserye has decreased about sS,eoe1. As
money has been flowing 10 the interior a;
DE rate OF four or Ave millions weekly dur
az this tine. Z WI be seen that the banks
ave stood the drain very easily. The de-
land Cor funds still continues. though II !
.ssened volume than reported for Sep.eu,-
er weeks past. The decrease - deposita !
Or the week aast. OF course. lowered TIE
sserye requirements appreclabiy. The 81
(. 900 gold received from Europe by one !
: the banks does not seem 20 figure il {
le current week. The DEPOSIT changes OF :
,e larger banks have been unusually 7
eavy during the week. the Institutions {.
aving the largest number CT correspond ]
ats reporting Jess, as rule. although J 9