The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-11
New York Bank statement.

New York, June 10.-The weekly bank
statement shows the following changes:
Surplus reserve. decrease $751; 800; loans,
increase so, 500, 400; specie, decrease 81
531, 800; legal tender, increase $4,000; de-
posits, increase $7,77O,OOO; circulation, de-
crease $50, 100. The banks now hold $780,
32S, 100 in excess of the requirements.
New York, June 10.-The Financier
says: 'The statement of averages of the
New York clearing house banks for the
week ending June 20 is much better than
was expected The known movements of
money for the week indicated a reduction
in cash of about five millions, and this,
coupled with the expansion known to
have been made in loans and deposits,
seemed to forecast a heavy reduction in
reserves The statement, however. shows
a decrease in surplus cash only $3,3S7,5C0
due to loss of 81, 445. 600 in specie and the
additional requirements originating in tho
deposit increase OF s7,770.0OO. The surplus
reserve now stands at over thirty-nine
millions. which, dscounting expected gold
shipments and larger commitments, is an
assurance of a continued ease in money
rates The exhibit of the week implies
shifting Of funds as much as anything
else. One bank which has been promi-
nent in the export movement reports
loss of between eight and nine millions
in deposits and in gold, but this has been
counteracted by the increases of other in
stitutions The loan expansion is due in
part TO the revival of activity on the
stock exchange and the greater portion
of the gain has been made by four or five
banks It is difficult to determine what
part current gold exports play in the
totals Of the week, as the averages are
somewhat misleading in this respect.
that the export movement will be check
Ell by harder money alone. Other remit
tances. IL is true, have fallen off and do
nestle exchange is quoted AT a discount
Is against a rather steady premium tbs
spring. but the July dividend period VII
inevitably bring money in this direction.
Tho low quotations on call have brought
some New England borrowing in this CEN
Ter and stock exchange requirements are
no heavier Still, even with this dra n
anl with the probability of furr7e: ex-
ports Of specie now and the crop Demands
later IN the season nobody anticipates
anything like hard money market over
the summer and il Is conceded that the
available currency supply viii be aug
mented BY gold imports in the fall
Foreign stocks AMI Money.
London. June 1o-It IS understood the
Bank Of England has bought 500 60
CS2.5l O0O in American eagles. 10
strengthen its reserve. 70 which end more
of the gold now on IS way hither vii be
devoted. The report that Russia Is
buyer OF gold in New York IS regarded
here as being significant.
New York. June 1o-CommeTc.al Adver-
Users London financial cableEraEn:
The markets here were moderately ae-
tive today. bu. slightly irregular or ap-
prehenssons Of Transvaal troubles. which,
however. are subsidt1g. Their influence
on general Departments IS now small
Americans conf. nued good, closing very
Arm TIE continent shows disposition
ID purchase. Spanish As were "a Il
C1ppers were goo6 T.ntos A. "a Ana
c7rdas II Is-f6 Discounts were shade
arne-. but money Is easy, &l-.@4 god
was received TO-DAY from Australia
Pas. J1-e 18-The b5arse today was
dun throughout ard ciosea steady. Tie
demand to- Spanish - : growing O. tae
i5ea -har The coupons VII be pad II full
Ia T.nsos advanced ard haftt-s were
offered f9- London account. There Vas
some investment demand but spectators .
held a.5of. waiting Tor tie London s1S-
tlemsat-
Berlin. June 11.-0n TIE bsezse toaay I
Americans ar Canadians wsre firm. Tee .
general TENDENCY wzs reserved IL tzv1-
% the Transvazl qass-c1-
New Works. Exparss AL Ea1sTts
New York. June I5-Exports q god 4
ard silver treEa this po1 q az countries 4
90 tas Eeek sgsreEafe s~'.Ss@ n q Fer
bars and con ard 81 - So gold- TIE 4
imports e dry ge33s Al 6Eenerzl u@T- 4
czandise al the part - Ns~ YORK f9v 4
shs week ~srs valued AZ SSzs.2SL TIE /
imports Of specie tals 'Esek Se-e E7s
- gold and So 50 silver. /!