The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-07-17
ASSOCIATED BANKS STATEMENT.

NEW YORK, July I6.-The Financier says:
The bank statement for the current week re-
fleets the operations incident to the financing
of the new Government loan and the totals 40
not differ materially from what had been an
ticipated. The banks lost heavily to the treas
ury although they gained something ike
81 Oo0 900 from the interior. The result Is shown
in n net decrease Of 81. 500 in cash. and as
deposits remain nearly stationary the, reserve
decreased almost in the same proporpoh vi
So 979, 475 TO be exact. r..
Loans st expanding , the IncT ,s. ,a fSf
the week having been s6. l7s. zoo. In tne nsa.
less to say that this gain has no connection
with mercantile affairs II can be traced ,i al,
are acting are preparing to act as Govern
ment repositories or course other banks are
rapid fuctuation In the principal items is Que
almost entirely to the causes mentioned; NOW
effect on the money market will become APP
parent 1t is known that $50 900. 600 or more
has been paid into b sne in reay been with
drawn or is now in course OF collection put
the Treasury disbursements are 80 heavy ina,
as a large portion OF 1t remains in depository
banks During the next ten days the per
mainder of the loan will go through the banks
and then will begin the payments on the prin-
cipal. These, in all probability, VIII be e1-
accumulation OF cash In the Treasury, ana
as the daily deficit in ,h o S5aa a0S q It
viii be seen that the completion OF the loan
will not disturb the money market me re-
hand, will throw on the market for invest,
ment large sum of money. This Is one OF
which is attracting no little at
tention II becomes patent that the country
has more money willing TO accept pd ioT Thls Is
being shown in the West as we'll as In the
East, and IT is complicating the banking sys s
tenn in New York because the outlet which
could always be depended upon is now closed
through the accumulation OF capital whlch Is
being used to meet the needs of local commu-
pansion OF some kind or money will continue
drug on the market
NEW YORK GRAIN AND PRODUCE.
NEW YORK. July ls.-FLoUR-R Receipts. 49,
5H barrels; exports. +s77 barrels Quiet but
steady
WHEAT-Receipts. $500 bushels; exports.
37e ST. bushels Spot easy; No. 2, SIC T. o. D.
aioat export grades: S7iac elevator options
opened easy under bearish weather news and
on an advance in corn. but finally yielded to
realizing. and closed uncnanged 70 nc s,, ne.
lower: No, red July Sih@Slsc, closed Slrec'
HoPs~steady: State common to choice. 1895
CROP a4c 1886 crop sqaS 1857 ,soS crop n iz sc
WooIsteady; fleece. 17Q2sc; Texas, laa15c.
PIG IRON-Dull; Southern 50 'Sqll' North
cofPER-9uiet: brokers; 81 s2't.
LEAD-Dull: brokers, 50 90.
TIN PLATES-Market easy.
COFFEE Options closed steady, unchanged
TO 10 points lower; sales. H. $50 bags, including
July. IS IS; August s. 40 Spot cofree-Rio
quiet. nominally unchanged. Mild, inactive
and featureless.
SUGAR-Raw. firm. with upward tendency:
fair refining. size centrifugal. &c test. 4lsc Re
fined firm; mold A. SIC: standard A, SAC;
A. SIC; cut loaf. 5tc: crushed.
SIC; powdered. $50 granulated 5sc; cubes,
5%c.
BUTTER-Receipts $500 packages. Steady.
Western creamery. lS13Gl7c: Elgins, lie; fac
tory nG12%c
EGGS-Receipts. 2Soo packages. Steady;
Western, lac.
DRIED FRUIT.
NEW YORK. July 16.-California dried
fruits steady.
EvAPORATED APPLES-Common, sQSc;
prime wire tray, Sl4c; choice, sAGsc; fancy.
9Isc.
PRUNES-46Sc.
PR1CoTS-Royal. sMG1ec; Moorpark, 100
12c
PEACHES-Uupeeled. 5asc; peeled. 12Gl5c.