The San Francisco call., 1898-04-24

NEW YORK April 23.-The Evening Posts London financial cablegram says: There was a general recovery in the stock market here to-day, led by Spanish 4s and Americans. on further bear closing here and from New York. The Paris Bourse also much better. cept in Brazs and Portuguese, which were sold heavily. Brazil exchange is 5%4. Ameri- cans closed under the highest the reported capture of the Paris, which is not believed at Lloyds. New York is said to have stopped buying gold for the moment, but it Is not be- heved that the American demand is wholly yet.
 Money is plentiful here because brokers ab- stain from investing freely in bills. Discount is steady, despite the easy tendency in money, because, even apart from politics, it is felt that an enormous payment of Japan on in- demnity due on May may impoverish the market.
 CLOSE
 Canadian Pacific, 78Is; Grand Trunk. 7%: Bar Silver, steady, 257sd per ounce; Money, 2 per
 PARIS, April 2s-spanish As closed on the Bourse at B 3-16. The closing price last night was 8 1-1s.
 LONDON April 23.-Gold at Madrid was quoted at 59.25 to-day.
 ASSOCIATED BANKS STATEMENT.
 NEW YORK. April 23.-The Financier says: According to the statement of the New York clearing house banks for the week ending April B. the institutions hold surplus reserve of s43,525, 100, which is larger than has been reported since the fourth week of July, 1897 This result has been brought about by the conservative action of the banks in preparing for the crisis which is now at hand Their cash holdings depleted by demand from the interior. have been replenished by imports of gold and by the continued contraction of out standing obligations. To-day they are in an exceedingly strong position and ready to meet any demands which may be made upon them. The statement in detail does not differ decrease of s7.43s, 100 in loans represents the turning or accumulated sterling into specie accounts.
 But little new business is being done as the rates demanded preclude any borrowing other than that which is absolutely necessary weeks receipts from abroad and it is quite lite likely that the heavy expansion reflects some of the previous imports. Deposits fell off only s3,0l2. 100, which just about equals the legal tender decrease and Is less than the known loss to the interior. The statement judged by usual calculations, does not balance but the changes are logical since the gold imports and their relations to accumulated sterling carried as loans must be taken into account Sum marized, the only conclusion is that the banks have perfected a difficult operation with rare skill. They have retrenched where nece,- sary. supplied their correspondents with funds while strengthening their own holdings, they and to-day when a call for funds by the Gov ernment is imminent they have more money during the last nine months
 NEW YORK GRAIN AND PRODUCE.
 NEW YORK, April s.-FI.ouR-Receipts, 16.549 barrels; exports, p 391. Firm, but not quotably higher; city mill patents s6d6 20; city mill clears $5 60Q5 75: Minnesota patents S 40 1S0,27S bushels. Spot. firm; No. 9, S1 13 f. O. $i 90G5 40.
 WHEAT-Receipts. 1925 bushels; exports. 1s0,27S bushels Spot. firm; No. g. sl 13 f o. b., afioat. Options opened weaker under dis appointing Liverpool cables but turned stronger on subsequent covering by scapers and closed firm at 14@i2c net decline; No red May Sl l0leG1 II; closed. S1 Il. HOPS-Dull; State. common to choice, 1895 Pacific Coast, 1895 crop, 495c 1896 crop. 7Gsc 1897 crop, 15616c.
 woOL-Quiet; fleece. 17922c; Texas. 12B14c. PETROLEUM-Easy.
 PIGIRON-Dull: southern, g 75911; North ern sl0 25@l2.
 COPPER-S Steady; brokers. s11 STA LEAD-Quiet; brokers S3 50 TIN-Plates, dull.
 COFFEE-Options closed steady unchanged to points lower. Sales, 5000 bags including AnrI S5 e5. May A 7561h S0. Jriv s5 6o. San