The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-30
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previous records, both for a week and for
a month on the business thus far in the
month. The extreme gains have been
somewhat reduced by profit-taking, but
prices are materially higher on the week.
United States old tours coupon are Il
per cent higher and the fives 1s per cent
higher bid. New tours registered 127A;
coupon, 129; fours, liz; coupon, u412;
twos, 100; fives registered, 1874; coupon,
Has; Pacific skies of '99, 1032z.
FOREIGN STOCKS.
London, Jan. 29.-The market for Amer
lean securities fiuctuated but little dur
ing the session. Trading was merely pro-
fessionaL The closing tone was dull and
the demand moderate.
New York, Jan. 29.-The Evening Posts
London financial cablegram says:
Americans were dull here today in re-
Spouse to New York prices, but the close
was above the lowest. Gold is in good
demand. Of 10000 pounds of gold in bars
and sovereigns from the Cape, 100000
pounds in sovereigns has gone to the
Bank of England; 1000 pounds III bars
to the continent, and TO- 900 pounds to In
dia. The latter is not an exchange opera
ton. Money is likely to be more in de-
mand next week.
Paris, Jan. 29.-On the bourse today bus
mess was dull, but closed steady, the I'M
certainty of the political outlook causing
realizations. Turkish securities were weak
on the reported differences between the
powers regarding tn candidacy of Prince
George of Greece for tn position Of COVER
nor of the Island Of Crete.
Berlin, Jan. 29.-Business on the bourse
todap opened undecided, subsequently be-
came more favorable and closed at an
advance notably in the Northern Pacifics
and Canadian Pacifcs.
New York, Jan. 29.-Money on call easy,
IA last loan. IA. Prime mercantile pa
per, 3G4. Sterling exchange steady, with
actual business in bankers bills at S4.S494
for demand and at s4.S21aq4.S2A for sixty
days; posted rates, s4.S3G4.S311 and $4.S315
648s; Commercial bills, s4S114G4.S2. Sill
yer certificates, 562zG572z; bar silver, 5624;
Mexican dollars, ass.
THE BANK STATEMENT.
New York Jan. 29.-The weekly bank
statement shows the following changes:
Surplus reserve, increase 81, 44, $50; loans,
increase 81. 395, 500: specie, increase s2,445,-
200; legal tender, increase 50. 891, 900; depos?
its, increase s., OH, 400; circulation decrease
1924, 900. The banks now hold $35, COG, 45o In
excess of the requirements of the Is cent
rule.
New York, Jan. 29.-The Financier says:
The statement of the associated banks
for the week ending January %, while
it does not show the enormous increase
of the previous week, indicates that mon
ey is still flowing heavily to this center.
The gain in cash for the week was S.
337, 100, of which nearly $2,50O.OOO was
specie. The latter represents western re-
ceipts to a large extent, following Aus
traIian remittances. The increase in de-
posts, amounting to SOL, 400, tied up over
| 81 600 900 of the cash received. so that the
surplus reserve is only 81, 1874, $50 heavier
than one week ago There Is no doubt
that the expansion Of 81, 100000 in loans
reflects the legitimate mercantile and
stock exchange transactions, instead OF
special operations and technical manlpu-
lations, such as have been in evidence
since the Union Pacific sale The loan
increase is scattered through a larger
list of banks than usual. 1t is worthy of
note that the bank which has been most
prominent in financing the Union Paclnc
deal reduces it's loans four millions, fol-
lowing the retirement of overdue curren-
| cy skies held by the treasury on its ac-
! count against deposits. All the special
depository banks paid to the treasury III
per cent of their holdings last week; 9TH
| erUise the gain in cash would have been
| heavier. AS 1t is, teh deposit items of the
| banks doing the largest business with in
terror banks show the highest percentage
| of gains The future, in view or the con-
tinued piling up Of idle money In New
York. appears to favor easier money. IT
should not be forgotten, however. that
considerable of the surplus cash in banks
belongs to the treasury, and is subject 70
it's withdrawal The commercial demands
are also heavier, and whereas the loans
! of the banks during January, 1877, re-
NAMED stationary, while the surplus re-
| serve increased twenty-siX millions, the
loans in the same period this year have
| expanded eighteen millions, While tht
excess cash shows a gain of twenty mill
| ions. Thus. while the supply is in excess
~ demand. the latter Is immeasuraoiy
more pronounced than at the beginning o1
last wear. 1t IS difficult to see, however
where the hope of much flrmer money
markets this season finds foundation Il
interest rates go beyond a defined line
gold imports must follow. Only that th'
exchange situation is now under stronS
control. some interesting developments II
the way of unreasonable internauoni'
! transformers might be possible
TREASURY STATEMENT
Washington. Jan 29-Today's statemen
of the condition of the treasury shows
Available cash balance, $24l, 9l9: gol(
reserve. 1854 o0504S.
WEEKS EXPORTS AND IMPORTS.
New, york. Ian. 29.-The imports at TIL
mort Of New York for the week were
Gold, 1903, 116; silver. SSo,S4: dry gooas
50 791 $50; general merchandise. $3.50 aug
The exports of specie were: Gold, A'ls9'
O20; silver, SSi6,2S2.
WEEKS REVIEW OF WHEAT