The age-herald., 1898-08-14
Markets BY \ telegraph

nancier says this week: The statement of the associated banks of the city of New York for the week end- ing August 13, shows that the deposits and loans have reached higher total than I has been previously reached by the banks I | The chief features of the statement are l the loss in cash and the continued expan- | sion of loans which have marked the oper- l ations of the banks for considerable pe- riod Deposits, however, are gaining at | a much less rapid ratio, and reserves are decreasing. A hardening condition of money rates is to be expected with these conditions remaining in force and indeed
 this result has already been observable in l the past week.
 Loans have expanded since July by $9S- | 5OO,OO0, but deposits by only about $10 0O0,- | 900 and the surplus reserve is only l about half the amount reported on that | 1 date, $62, 900, ,000
 | Carrying comparisons further back, a | somewhat different story is told. Taking l the statement of April 20 which repre- | sents the lowest ebb of the period of ap- prehension over the Spanish difficulties, we | find that deposits have increased $1O2,0G0,- | 600, but loans only SS9 100000. A forecast of 1 the money market at this time is pecu- i. | liarly difficult, but the banks have been able to considerably improve their position
 as lenders by their operations of the past 1 month so. The large cash resources of l the west make it unusually problematical | to estimate their demands on the New , iOfh DdnhS, put, on the otner nanu, Inere l Is every evidence of larger crops than were | anticipated some time ago; business is be- | coming more active, and the demand may be heavier than has been looked for. The l large debt still owing by Europe cannot be | discarded from the reckoning, and it is yet | to be proved how badly Europe needs this
 money.
 | New York, Aug. 13.-Evening Posts Lon | don financial cablegram:
 l The market today was stagnEnt and dull, 1 the only feature being small recovery in Grand Trunks on the belief that the small | cary forward is perhaps due to the large | amount set aside for rolling stock. | Americans were about on a parity with | New York quotations. There is surprise
 here that American exchange Is firmer l following the New York spurt in money | rates. The market finds it most difficult
 to form any estimate of gold shipments to | New York later on
 Washingto. Aug. 13.-Today's statement
 of the condition of the treasury shows | Available cash balance, S26S 437, ,952; gold
 reserve, $19I,310,623.
 | Dry G ooa
 New York Aug. 13.-There has been | much of quiet Improvement in the dry
 goods market during the week. The store | trading has been of a heavier calibre than | heretofore and mail orders have been sus-
 tained fairly well. The aggregate results | of the week are such as to encourage sell CTS and there is likelihood of added ef
 fort at the opening of next week. The | week has been a fairly good one for print | cloths. Extra 64-squares still quoted ] at cents. Staple cottons are in generally
 good shape. Coarse colored cottons are | quiet at firm prices in all grades. Blankets | and 1annes shaw a good normal demand, | with satisfactory prices. White goods are | fairly active in many quarters. Printed
 fabrics have shc.vn little progress during
 the week. Ginghams are active. | New York Coffee Market | Ne- York Aug. 3.-Coffee-Options un- l chaisged to 5 points lower sales, 9,25O bags, | including September, 5.55@5.6 COG; October. 560c; December, 5.S0c; March, 6.0046. O5c; | May, 6.10c. =
 Spot Coffee-Rio steady; No. T, invoice, I -6Ao; No. r. jobbing. 6a4c; mild steady; Cor I dova, 86D15c fair business on private terms I New Yor'c Cotton Market.
 | New York, Aug. 13.-The cotton market | was quite feverish late in the forenoon, | but improved somewhat near mid-day on | scattered coverings. The close was quiet | at a net loss of to points. Spot closed | quiet with prices 1-1ec lower to the basis I of 6c for 'middling uplands and 6Ac for I middling gulf. Sales were made of 1,S6S I bales including 12S7 bales for export and I 5S1 bales for spinners Estimated receipts I at the ports today were 2OO bales, agalnst 2 Il week. 6,00O against 3,909 last week and 19- Il 023 last year. T New York Aug. 13.-Cotton quiet; mid Il ding 6c; net receipts none; gross, 34 bales Il sales 1,S6S spinners'. 5s1 stock, So.06S Il Total today and consolidated: Net re- ' ceipts. ,294 bales exports to Great Brit II ain. 2,326; to the continent, 4.sN; stock, Il 215, ,9S0. I Total since September 1: Net receipts, I S523 693; exports to Great Britain, 3493- II 57S; to France, S15,30S; to the continent, Il 2,9S7e59. Il New Orleans Cotton Market I New Orleans, Aug 13.-Cotton quiet; sales Il 300 bales Ordinary, 3-16; good ordinary, Il 9-16 law middling, 5h; middling, 59s; good Il middling. 15-l6; middling fair, 6ss; receipts \ 344; stock, 6s1f7. I Consolidated statement: Receipts, net, I 1924; exports to Great Britain, 2,S2d; conti- Il nent, 4,627 stock, 215,9S9. l fic.ss-5 Daily Statement l New Orleans, Aug. 13.-Cotton futures l quiet August, 5.43d5.45 September, $40 I 546; October 5.46@l5.47; November, 5.47d549 l December, 555@5.56; January, 5.5Sa5.6O; Feb l ruary, 5.61d563; March, 5.67q5.6S l Galveston-Quiet; middling 5 11-16; sales | 10 bales; receipts, 656; stock, A. 3oS 1 Mobile-Nomina; middling, 59s; receipts, I 8 bales; stock, 3,152. Savannah-Easy .middling, 5ss; sales, 16 I bales; receipts, g; stock. S,561.
 l Charleston-Quiet; no price; receipts, | bales; stock, 3,5S
 Whining ton-Firm; middling 5h; stock, 1 5,sl5.
 Norfolk-Steady; middling, 5s sales, 7s | bales receipts, n; stock, 12,2H
 .Baltimore-Nominal middling, 6as; stock. l SS50.