The age-herald., 1898-03-27
Markets BY Telegraph


 The stock markets here remained heavy and depressed today on the eve of settle ment when big differences are again to be met. The tone of the London. Times leader on eastern politics is generally de- precated nthe city, where the pacific view IS generally taken.
 Consols were flat as also were the speeu- -ative markets. There was a drop of 3 points h Spanish As. The Cuban situation is still regarded more pessimistfcally than the conditions in any other quarter.
 Today 1250OO pounds in American gold coin was sold by the Bank of England, and over 100000 pounds from the Cape was also bought up for New York Americans, after severe fall in the street, recovered a dollar on New York support War risks at Lloyds are said to be still rising, but I cannot learn the actual quotations.
 New York, March 2s-The Finaneier says: The statement of the clearing house banks of New York City for the week ending March 26 shows a continued decrease in loans and deposits and an increase in cash. The results of the weeks changes was to increase the reserve $5,791.425, the total idle cash in the banks now footing up $33, ,S51 ,475. The banks therefore are in a stronger po- sition in this respect than since the begin ming of February, but it cannot be said that the operations by which this increase was brought about has been profitable to them. Their loans have fallen off over 60O0 900 in five weeks and their deposits have de- creased more than $50, 900. The cash in banks at the close of the current week, however, was just about equal to the total reserve reported one month ago. The heavy changes in loans and deposits have been due In a large part to continued liquidation and the semi paralysis which has been creeping over the business and speculative world since the Maine incdent.t lsrs
 Unless some definifa diSDosition In fbe Cuban matter Is made within a few days one of the finest prospective seasons in the history of the country will have been par tially ruined. It Is only natural that the New York banks should put themselves on the strongest possible footing since a sud den demand for currency will fall first of all on them, and it must be said that they have risen to the emergency Their money is under strict control and the continued gold imports are adding to their cash re- serves from week to week. One bank with a $30 000, 900 reserve reports over BPS 900 900 of the total in specie
 The weeks changes have no especial sig nificance other than what has been pointed out in this analysis for nearly a month past. The decrease of $7,110500 in loans shows that liquidation still continues, and the loss of $1,S54,000 legal tenders reflects pretty accurately the movement toward the interior. The gold holdings of the banks have expanded $17, ,000 900 in the last thirty days, but in the same time legal tenders have increased in almost exactly the same amount. In other words, the legal lotenders have gone to the interior while Imports of specie have filled the vacuum. -a
 Gold imports will likely continue until something definite is known regarding the future and the profitable employment of this mass of money six months from now presages an interesting. state of affairs.