The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-13
FOR INVESTMENT
NEW YORK BANKS HOLD 47.6O1,475
OVER THE RESERVE RULE.
More Activity in Stocks and Bonds,
with Prices Advancing-LocaI
Markets Strong.
At New York, yesterday, money on call

m a
was easy at 1@1A per cent
Prime mercantile naner 2554 nor cont
Sterling exchange was dun and steady
with actual business in bankers, bills at
81 e. for demand and at "a o5sl6,l &c for si,,t,
- ~ =. 80 IT, a ~ i'oO ~ 9iNly
o11S' posted rates $4-So12 t4.S' ana $i.ooQ
4SSI2; commercial bills $4S5.
Silver certificates eol5;o1lo. ba, si1,,a-
" ~ ~ NO@'
o9tsC; Mexican dollars, 411sc. At London
bar silver closed steady at 2713d per ounce
The exnorts of snecie from tho ,,or+ Of
- - - 80, "a
Ne" lOIh LOT the week amounted 10 S-o5,U44
in gold and $91S,l46 in silver The imports
were. Cold se6 4-2. sil,,a, So sqe. d,, e,c,as
e, ,o-. ~ - Ga - Yi-'0'0 ~ sooN'
F-'''f'-'' SSieL"l H4SIChdHolse' StpJ0z'ocO'
The New York weekly bank statement
sbov,s. tho foIIov,i,e, 1,a,.oe.
ms Ni''i9e@'
'9ei NS; llCIed9e ''.'.''....-'.'..'.- $Z'@cU'ooO
Loans increase ...................... 1,Slv,OJU
specie decrease .......'............. a, 100
i-15dI lenders increase ...........- 90 ,bU0
IIU1It9, lcIeStse .,.''.'''...''...'' o'o9o'4oJ
OHcuIoIloh' decrease .........-...-- 'U,UVJ
The banks now hold SAT, DOL 475 in excess
of the reouiremep+s Of the q nor cent ruIa
~ - '''N - ~ N0-'' ~
W" Urn 'laiio'Gf says Inc
New Yorl, city for +b, ,,.eol,. ar1,,, t,ra
% in ,o,nr7o,, ,,,i+t, +ho 49, i+.a,.ataI,,
preceding il. is of a very n1isIeodine natnre
and is so involved in Tho +acbnioaIi+;os &C
10 furnish no ground fo, the ass,,,nntio,
that business, j. e1-nan7ino i'm ,,,o,,o,+ia,, 70
The increases in loans ami The otber ita,os
The same causes thar led ~ the cbanees
exclusively rtportsd in mis- anaIvsis last
week will hold good again For examnIa
the increase in the loans of the banks Tor
- AZ" I'm IN SH4lll6 Juils u was $I,olOUVO, d
loans of the National CITY Bank alone rep
resent an expansion of 4101. 600, and those
OF inc Ihlrd National, which it has alb
a a &c 1li
that the remaining banks have actually de-
creased their loans 81, go 900 during the six
days. This puts an entirely different COM
pleNiOn on the statement So also the
other increases appear TO be due to speciaI
causes. According to the statement the
banks gained in cash So, pa 800, and in net
deposits S3,S55,400. The inrcease in the lat
Ter item. it will be noted, is not as large
as the other changes reoufre showing that
the statement does not give the actual con
dltlon of the banks. AS bearing out this
claim, the operations of two banks seem to
account for the total changes in the items
OF deposits and legal tender increases OF
the total increase of 3.2S7 600 in legal ten
ders. the Hanover and Western National
banks are responsible for at least 81 O6g OC0
and In the item OF deposits they show an
increase of 81, 754 600, which is over 20 per
cent. of the total increases reported by all
the other clearinghouse banks
AN ANONTAT OTIS III AurTrpu
.,rr7l,i :. ;,,
AHlS II Il needless 10 say, Is an anoma-
louS feature and not easily explained OF
course rho boo,, =, tho coal ,,o,.,r. -,
'
S'i"I connection with II, Out preparations
Tor payment of the Sugar dividend prob
ably account for Tho U,oe+o,v, nr.i1,. -
g.. " i4 -8'iOilii ,
increase especially since that bank has for
its president the secretary of the American
Sue,.r po5ri,,.. l,,,,,,o,,. M, =,
INNS OOiiiI's'iiS' nc ioe'llS VI tie
NE" YORK banks are now larger than they
have been since Sept. q. 1885. bur the banks
bs,., -, an, -
Ian, "a ~ g iuIe , money III Ntu4.S IMAM since
- ti,,C.' "iIcL .iiS 4Odi4S were S-o'VV0VVO
Total saIss 81 Stccl-e vra,o IN ~ i,,,s
inp. American S,rrSr ~ qo0- f2,1,.Ii,,f m S,
N0rtLarn i5offi = d 10 -, =; w
ti 0n6. 81 o1I On V,VgU, ICeaei 5
New TNrss1. S,,+rSi : 5no oili0li' ''-uo
smear a -S,,srtl+t - - I-,Ni>,.-,,; = -, -
kat Grit" r! - ~ 'itip % 'ne mar
tone nf tb ri,t - 81 I .ul t"S aliH tile
1enJant ~, - 80 =; M " MY oe
On ~, - - N'.S oGLtIi.s 70 tdhe PLouts
Inc TtaIif - CliT lVteiiC IiIueI!Ce IN ca as
rl7,.e,,,,@IS S@lc9 IN olHTI StochS; 1 ne
in he Drices If 1919 - & !oi .iIe uay
manipulation IN Sugar to hold it at the
tLsH tTvei ana even TO raise that level on
company frorc the sugar scbed,ife adontn6
by the Senate, but those who have been
tld, by the week 5 rise in Sugar argued
10 the stock from me Sfnate,s 9ction apd
that the next influence TO be taken account
CL Is the conference committee of the
tee viii in ale liItnlifS b q .iis
rather than more Favorable TO the refined
sugar industry than IS the Senate schedule,
traders were inclined to discount a future
selling in Sugar in accordance with this
view. In addition to realizing sales which