The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-06
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This total was never exceeded on the
exchange, except in October, 1865, when
the sales exceedd S140, 900 900. In view OF
the present Importance attached TO the
New York Central-Lake Shore consollda-
ton, it is considered significant that the
previous period of greatest activity was
at the time of the West Shore settlement.
Kansas Pacific consols showed an ex-
IRENE advance for the week Of 1913 points,
and other Kansas Pacific and Union Pa
cific issues showed large advances. Prices
all around are markedly higher. Total
sales. S32, 500, 600.
United States new tours registered ad-
vanced 24per cent; coupon ex-interest Il
per cent, the old tours registered and the
f1ves registered, 4 pr cent, and the old
tours coupon and the fives coupon ex-in-
terest Il per cent bid. New fours and
coupon, 128I2: tours, 11315: coupon, 114as;
twos. 100; fives, registered and coupon,
1131z; Pacific skies of 49, 104.
LOANS AN DEXCHANGE.
New York, Feb. 5.-Money on call easy
at IL to IA per cent; last loan, ~ per
cent. Prime mercantile paper, 3G4 per
cent. Sterling exchange steady, with
actual business in bankers bills at 1850
ASH for demand and $4.S394S 31s for sixty
days; posted rates, s4S315G4S6; CONNER
ciaI bills, $4.S264S21a. Silver certificates,
561z657Jz. Bar silver, 567s; Mexican dollars
$3.50.
TREASURY STATEMENT.
Washington, Feb. 5.-Today's statement
of the condition of the treasury shows:
Available cash balance, 1929, 76S. 533; gold
reserve, 1854. 557 ,12i.
WEEKS EXPORTS AND IMPORTS.
New York, Feb 5.-The imports at the
port of New York for the week were:
Gold, 81, 049, 500; silver, 65.s27; dry goods,
50. 721, $50; general merchandise, 5000, 700.
The exports of specie were: Gold, $780,
| 635; silver, s1,O34.675.
THE BANK STATEMENT.
New York, Feb. 5-The weekly state
ment shows the following changes: Sur
| plus reserve, decrease $2s7,28 loans, in
! crease 81 1874, 100; specie, increase 1895, 400;
| legal tenders increase s1.0l2, 900; deposits,
| increase 81, 800; circulation, decrease
| SIS 800. The banks now hold s34 7S1,625 in
| excess of the requirements of the % per
cent rule.
New York, Feb. 5.-The Financier says:
1.-The statement Of the New York clear
| ing house banks for the week ending Feb
ruary 5 is notable, as rejecting the abil-
ity of the banks to absorb and put to
| more or less profitable use the immense
| accumulation Of funds at the center The
| aggregate deposits for the sixty-five insti-
! tutions are now nearly SI34, 600, co., What
this means will be better appreciated
when Ii is stated that ii is an increase OF
$1G5. 900 600 over tho same week last year,
and S241 00e, 900 in excess of the deposit
item for the similar period in 1896. The
| leans of the banks now stand about $685.
200. 900, which is S136 900, 900 higher than re-
ported in 1896. Yet the banks now have
in their vaults less than $35,O0O,OOO idle
| cash, as against $54, 500 600 one year age
and $40, 900, 900 two years ago. Clearly the
banking situation, as regards demand
might be a great deal worse. Even con-
| ceding that special operations count in
| some part for the enormous totals, there
! is a considerable margin for Legitimate
commercial needs shown in the currency
| statements from week to week. The in
crease in loans for the past six days was
s., 1914. 10, which is pretty evenly distributed
| among eight or ten leading banks, one
institution only showing more than ordi
nary decrease. The expansion in deposit!
was 81, 343,100 and the banks gained II
cash 81, COS 900. The loan increase and thu
cash addition do not account for the de
post growth, the discrepancy amounting
to 81 34S 900, but this is due perhaps to tn
confusing system of averages employed
in making the statement. The expansion
in deposits can be traced through a large
| NUMBER Oh banks Cna0 usual, the NaIlOld
Park leading with over three million dol
lars TO it's credit. The net deposits of thi
one institution are now in excess of $50,
OOO, 900. The banks are still gaining heav
il in cash from the interior, although do
| nestle exchange At important center
shows decided weakness as compared wit
two weeks ago. rejecting, it is to be pre-
sumed, the cessation OF interest remit
tances to New York. The payment Of sew
eral millions of Union Pacific deposits in
, to the treasury has no appreciate effec
; on the market, but il is to be noted tina
the excess reserve of the banks is dow
1897, SIS, and with anything like a cor
, tinued show as made in to currer
statement, rates will probably be stedie
: in tone. Anything more than a moderate
" firm basis, however, seems out of til
= question for a considerable period.
I The reserve investments by AmS lea
/, interests abroad are in the nature OF
safety valve to check sudden fuctus
| o,-7s