New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-24

CLOSING PRICES OF CHICAGO STOCKS.
Saturday. January 23-p. m.

saturday, january -o-p. m.
Further substantial Increases in bank hold.
ings were shown by the weekly statement u
the associated banks published to-day Cash
holdings Increased 81. AS COO made up By an
increase Of S1.3l2.S00 in specie and an increase
Of Sj1O5.SOO in legal tenders. while surplus
reserve increased 81 >.J.2,j. an Increase Of
So. G933 800 in deposits raising the reserve re.
uuired against deposits Sl.523.32j The In
crease in deposits makes the total increase since
the election S12J 042.Oo against an increase
in loans Of only SIS $4,000, the loan item this
week showing a decrease Of Sl.Wv'.ooo. against
an increase last week Of $2S3.000 The &C.
cumulation Of money at this centre IS provns
Of no use TO the banks. and the fact tnat no
increase in loans was made in the week SHOWS
that the per cent rate Is being maintained as
against a lower rate by the trust companies
Banks pay per cent on country depos''s' anu
il would be far better. according TO some pank
officers, to enter into some arrangement io'
regulating the interest rate allowed on Country
deposits rather than to agree not 10 LEND money
below per cent As IL stands al present, WIN
no demand for money, country banks are
ilouidating loans from city banks. and scraplns
together every cent they can get 10 send to THIS
centre for the benefit of the > per cent alio"ea
on deposits: and in times like these II can
readily be seen that there should be no SUCH
inducement afforded 10 country institutions al
inducement which works no good 10 the CITY
banks. ard only piles up useless hoard Oh
money. while keeping the call money rate at an
improbable figure. The operations in the s'e,
ling exchange market are causing 'onsldeiavs
speculation at present as To the AFFINITY Oh Wv
accumulatOrs of sterling bills 10 Keep up ga
change rates. in view Of the circumstance
which favor continued ease i'm IN" foreign eA
change market. and II may be that uh.ess W.
operators in long sterling are able 10 hold las'
until the spring. when they generally adNdh,.
owing To falling off in exports, there -, ns,
more loss than gain in accumuatlng luis su :,
ling Ii is likely ina. upward of tl-V"'"V.s
held here in accumulated sterling ana 'his' WIZ WV,
the present favorable merchandise trade pa'
ance makes the outlook for high * haiss linz
in February and March poor while the decim n,
I'm foreign discounts presents another e!ei'e"'
to be considered. ,.,.l
In stock operations to-day the proiessona
element continued its campaign against Na,u.ss
and exhibited its usual absence OF sense VIM
has recently been the chlef ia,tor III VI ~
public support out or the market i'edl,'' Ia
cussiOns were carried on by protessionai ope "a
tors regarding the apathy OF The pubic. si
further encouragement was offered inc puu
by increasing strength IN the bear tacuVns
methods. various causes being asslsh.u io' ,,st
prevailing weakness throughout Tue =, /.
Houses with Washington connections soiu ~
expectation Of some action on me 'updi any
lutions next week. and in the absence OF o., o..
real unfavorable factor. possible deveiophsenn..
in Washington were used as the basis for w. ~
attacks throughout the list. There ws.s 800,
noteworthy losses. however, and no nPhaas,uss
from, outside sources the principal weannes'
being in American Tobacco. Burlington; Ma
haitian. Western Union and Delaware Lar,
wanna and Western. Delaware ana hu ar,
was an exception. at net gain OF = per cins
Closing prices for last sales of the prlhCpss
active stocks. compared with the hnal hsu'''
~ Yesterday were as follows. =.