The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-01

| ed aggressive strength on the development
OF pronounced inquiry for investment anC
! speculative account. which embraced al
J classes of securities Purchases for con
/ t:nental account were on large scale bu
some of the active issues were sold for for.
| eign account. The aggregate transactions
| were slS.Ooo,0O0. The principal advances
were: Missouri Pacific consol SKIES, "a:
per cent; collateral fives, per cent; third
fives, 81 per cent; Flint and Pere Marquette
fives, Port Huron division, IA per cent;
Kansas Pacific consols trust receipts 6ss
per cent; SKIES of '95 trust receipts, per
cent; st. Paul, Milwaukee and Minneapolis,
Montana Central fours. 6I1 per cent Peoria
and Eastern incomes and Iron Mountain,
per cent; general ives, 81 per cent; Atch-
ison, Colorado and Pacific firsts Az per
cent; Long Island Ferry tours and a half,
and Oregon Short Line incomes series A,
per cent; general fives, 212 per cent; Atch
fson adjustment tours. ga per cent; Sus-
quehanna and Western general and Union
Pacific sinking fund Fights. ga per cent;
Standard Rope incomes, Colorado Coal and
Iron skies. Union Elevated frsts and Wa
bash seconds, per cent; debentures, series
b, Kansas and Texas fives, and Seaside
and Brooklyn Bridge frsts, 2la per cent;
Southern Pacific Of California firsts, "a
per cent; International and Great Northern
seconds, 2is per cent, and St. Paul frsts,
Southwestern division, Brooklyn Elevated
firsts, trust receipts and Dallas and Waco
fives, 2 per cent.
GOLD MOVEMENT ABROAD.
New York. July 31.-The Evening Posts
London correspondent telegraphs the FOL-
lowing today:
Two hundred and fifty thousand pounds
In japanese money was released from me
Bank Of England. This neutral:zes any
effect OF the extra demand for money at
the end Of the month. It is understood
that the first portion of the japanese bonds
recently issued here have Just been ship
ped from Japan 10 London. Coming thus
in installments, ii looks as though the four
millions odd may ne removed gradually
from the market and not suddenly, bu. I
cannot say definitely. The Austrian de-
nsand for gold IS still strong All arrivals
of soverigns for next Tuesday from Aus
tralia have been already bought up
LOANS, EXCHANGE AND BONDS.
New York July 31.-Money on call steady
at 1d11k per cent. Prime mercantile paper
SG4 per cent. Sterling exchange steady,
with actual business nj bankers bills a.
81 G14s7la for demand, and at s4si4 for
sixty days. Posted rates AS7Q4S71a and
5.sS04 ssik Commercial bills, 81 s5i2. ST.
yer certificates 5s5s; bar silver 5S7s: Mexi-
can dollars i5,k. State bonds quiet; rail-
road bonds firm; government bonds firm;
new fours regular, 125ts; coupon. 1858.
WEEKLY BANK STATEMENT.
New York. July 31.-The weekly bank
statement shows: Reserve. decrease ST.
al, AS; loans. increase 1912 800: specie, in
crease S1195c0; legal tenders, decrease s.. e3l,-
100; deposits. increase s519, 800: circulation,
decrease $685. The banks now hold
si5, 40, 80 IN excess Of the requirements OF
the . per cent rule.
New York. July N.-The Financ.er says:
The continued increase IN loans of the New
York banks in the face Of the present enor-
1-ous total reported is a feature that is
beginning 10 attract attention in the clear
ng house statements. 1t was supposed !
hat. following s11 COO increase between |
Tune % to July 8. q decrease might be look |
ID for, as the July settlement period Is usu-
lily followed by a temporary contraction. |
,ut so far from shrinking, loans have made |
in additional gain of 10000 90 during the |
month ust ended, and IL the movements OF |
,ther heavy crop years are of any value in /
the upward trend should con- /
;nue for from thirty to sixty days yet. The |
,eavy bushes the New York banks are |
long is not generally appreciated. Their
eServe requirements IS now $1,000 coo in
xcess Of all the cash they reported on
and for the corresponding week one year
go. A detailed comparison shows that
7hile the National Union bank, and the
hank of America made increases in loans
ggregating s. 9SS, 200. or sum equivalent
D the total loan expansion reported in tho
tatement. the losses reported by others
ere made up by gains IN which TO less
han twenty-six banks participated.
The small Increase in deposits in the face
the loan expansion, and the heavy re-
eipts of interior funds is surprising. but
Is perhaps evidence of heavy customs
ayments and the withdrawal of legal ten
er for gold export purposes last week. The
anks have been losing heavily 10 the sub
-easury for ten days, the amount, week
ST ended, having been in excess of s3,Gc1.-
70. The decrease OF 81. s3l 100 in legal ten
ers is thus accounted for A significant
sature in connection with the flow of mon
Y TO New York is the decline of domestic
Schange at interior points. At Chicago,
specially where exchange has been ruling
ON 40 to 90 cents premium, New York
;nds have fallen TO % cents discount, and
similar change is noted at other centers.
his indicates a reflex movement OF money
,r crop purposes. and means also that the
lie cash in New York banks VIII be re-
iced, either through demands of interior
anks or locally. At any rate, the i'm
ense volume OF money moving to this
inter will be less from this time on. Z
TREASURY STATEMENT
Washington, D. c.. July Si.-Today's |
atement OF the condition OF the treasury :
lows: Available cash balance SIS, 5lI ,504; |
I'D reserve, Sac, e26.ic0.