The herald., 1898-04-02
RESOURCES

made to the nearest corresponding date
last year. which was for February 2Sth,
there has been an increase In the aggregate
resources of $s567,762. Most of this gain
10 credited to the ten banks Of San Fran
cisco. the interior banks. though over four
TO one in number. getting only $s ESQ 900 Of
the total. The individual deposits show an
increase for the year Of $7.S57,712.
Tho business Of the California Mortgage
and Savings bank was transferred about q
year ago from San Luis Obispo, where 1t
was Incorporated on October 4. 1880, to San
Francisco. Recently there has been a re-
organization of the bank, resulting In a
change of name and an increase Of capital.
The bank was originally incorporated with
. capital of $500 all Of which was SUBJ
Scribed and paid up in coin. 1t is now re-
ported that the capital stock Of the Cali
fornia Mortgage and Savings bank has
been increased to 1000. 900, and the institu-
( tion will be known hereafter as the Ger
man-American bank, with the following
directors: Ernest A. Denicke, A. Sbarboro,
w. r. d. Venable, F. Kronenberg. F. c..
6iebe, John G. Bana, J. c. Reud, A. Tog-
/, uazzini and H. Drummer. Stock actually
subscribed. $3.50, 900.
At tho San francisco Stock and Bond
exchange yesterday q. F. Gas and Electric
sold at 50 to sSA, Pacific Gas Improvement
at ssh, Hawaiian Commercial at 27M, and
Oakland Gas at a to 49,.
The Investment Bond reports sales Of
Hawaiian Commercial at 27h and Market
street railway at 521a
The secretary Of the treasury has notified
Collector Jackson that for the quarter be-
ginning April the value Of the Mexican
dollar receivable In payment OF duties has
been fixed at IA cents. During the quarter
sust passed the value was 40 cents.
garding the expected currency plans Of the
Indian government. The silver market,
both in New York and in London. says
8radstreet's. has consequently been quite
the surface the situation may be described
a. involving a considerable degree Of I'M
easiness. It has been pointed out that as
long as there is an idea that tho Indian
treasury has design on foot to impose
an additional tax Of 10 per cent upon silver
imports, there will be hesitation In regard
to purchasing and forwarding silver from
London INTO to India; Il is not supposed that
would the cost OF silver In that country
would have any material effect upon the
customs Of the native population. WHICH
an enormous amount Of silver. Yet It
seems likely that should the plan be adopt
cd. especially II it is accompanied by any
material change in India currency policy,
the position Of silver and the course Of the
silver market. It may be noted that when
the rumors In regard to action by India in
the premises first appeared. they were
attended by q temporary but marked In
disposition on the part OF American hold
ers Of the metal to sell with any degree
Of freedom. In fact, the undecided posi-
tion OF the indian government and the lack
course will be. result in giving a cores
pondtngly unsettled tone to the silver mar
ket. and restrict both the amount Of busi-
to the narrowest proportions. At the same
time, limitations that no change may after
all be made have had an immediate favora-
bic eject on the tone Of the market.