New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-22
BONDS.
, TIE DAYS OPERATIONS IN STOCKS.

r.,n, IN stocks was confined almost en-
trely 10 the operations for the professional eie'
ment. on a small volume of business prices
ruled irregular until the last half-hour' "heh
modest upward movement carried Quo'a'o''
FOR the majority of issues fracuonaiiy apoNe
FRIDAYS final level There were no pronounce'
exceptions to the general duness' the 'eau'''s
speculative issues furnishing the bulk OF 'he
davis dealings with Rock Island the leader III
respect to activity. American Spirits was ho'a
blv strong also Sugar Refining, United states
Leather preferred and the local traction STOCKS
News Of character likely Z" anect supeou'a-
ton was lacking. and the only stimulating ue
velopment in the two hours Of business was the
exceptionally good showing made by the week
~ hank statement. The principal basis TOT
The DAVIS trading was found in the desire OF the
hoard-room element TO close contracts over to-
day The war, owing to the strict censorship
Of dispatches bearing upon hostilities' was
negative influence only. London prices were
river hut operations for the foreign account
we're insignificant
The weekly bank statement published yesterday
furnished further reasons for continuous ease
IN local money rates Cash holdings increased
s72SJ 600 ard surplus reserve increased S5''Io'-
10, bringing the total surplus, after the deduc-
S5n71525O. against 49, 500 at the time
-, tho Maine explosion and against S45.S9S,9oO
at this time a year ago. The ease in the money
rnarke, ia reflected in a further expansion Of
loans amounting 10 81. S57. 800. While deposits
are larger BY S14261 900 than week ago The
hanks gained on Sub-Treasury operations over
Il 600 Ut1 and considerable amount by ship
rnents of currency from the interior and re-
cejnts OF gold from abroad The loan item In
c,udes loans made on sterling collateral. new
loans for commercial purposes and on STOCK
Exchange security. The proportion OF STOCK
Exchange loans was small. owing TO the falling
of in speculative activity. 1t is noteworthy
that the banks that recently were unwilling TO
put out more than 10 or ID per cent OF their
loans on commercial paper at 3 per cent are
now willing and anxious TO place their funds
on good paper at Az per cent, and that time
money which held firm at q per cent for all
periods can now be had for ~ per cent FOR
sixty DAYS and as low as 3i2 per cent for six
months.
Confidence among lenders has been strength
ened by the official returns Of the country for-
e.gn trade Past balances have been settled Tor
In part BY gold shipments aggregating H'3-
100000 but enormous credits abroad continue
10 accumulate by the growing excess of exports
over imports while the prospects for the cur
rent crop year are such as to add TO the already
extraordinary balance of trade in this coun-
trys favor The marketing OF breadstuns is
Unprecedented Actual receipts Of wheat last
week were 5,S16.716 bushels. against 2.439 l"9
in the same week year ago. Exports OF wheat
In the last three weeks from Atlantic porte
amounted to 7.955.5s6 bushels against 4,IIs,I4
for the corresponding period year ago.
Compared with week ago. the chief active
stocks show the following changes