The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-08-13
FINANCIAL AND COMMERCIAL.
SATURDAY, Aug. IL.


eddy favorable. and It's first effoct was to
stop a selling movement in stocks. which
was being prosecuted by professional ope-
would not disclose any addition to tho sup
ply OF money at this centre. Tho really
Notable feature Of the statement was the
increase in the cash holdings Of the banks.
witch amounted to s6,2ss.G00 A gain Of &c.
3SS.s00 In specie was shown, with a loss OF
100000 In legal tenders. AS the deposits
were stationary, there being an increase OF
merely $4,000. the gain in cash represented
q corresponding gain in the surplus re-
serves. To be precise. the gain in the
surplus reserves was s6,2S4,775 The de-
crease in loans. amounting to 81. 800, 200. was
not unexpected. II was plainly the re-
ceipt Of funds from the interior that pre-
vented a decrease In deposits, Just as II
was these funds that brought UP the cash
holdings. On arrival here the money speedi-
ly found it's way into the banks.
As this bank statement was made up on
rIang averages, the presumption is fair
that the present condition OF the banks
is better than the acreage condition for a
week. as shown In the bank statement. In
other words. the supposlton is that more
money has come to New York than was
indicated by the bank statement. One
bank, the First National. reported a gain
OF 41s5.2oo In deposits. Its gain In specie
was $4,660.l00, or more than two thirds Of
the gain by all banks. AS II lost only $685.
200 In legal tenders the gain in specie was
equivalent to 30 much gain in cash by 1t.
The First National BANK was accordingly
responsible In very large degree for tho
improvement In the showing in the bank
statement in its consolidated form This
banks reduction in loans was not specially
important, being 1903 400.
The tobacco stocks were again conspicu-
Gus In the trading. Sales were larger in
American Tobacco than in Continental To.
bacco, and the advance also was larger In
the first named. The steel and iron stocks
were active and strong. The heaviest deal
ings were in Steel and Wire, but the larg-
est gain In price was In Tennessee Coal and
Iron. There was great contraction in the
transactions in the United States Leather
issues, but prices for them were bettered
slightly The Chicago Great Western is
sues moved up. and there was u general
enhancement in the railroad list.
AS compared with the final prices of last
Saturday the list is higher with the excep-
ton of Continental Tobacco, which was u
point lower. The more important net
advances are in Tennessee Coal and Iron
6h points, Consolidated Gas 6. Amari-
can Steel and Wire AS, L. s. Leather 34s
Colorado Fuel and Iron 3Ia American Su-
gar refining and Pittsburgh. Cincinnati
Chicago. and st. Louis 3b each; Anaconda
Mining. Kansas and Texas preferred, and
Peoples Gas 21s each; National Lead "a,
u. S. Leather preferred Pa, Rock Island
and Northern Pacific ia each Atchson
preferred ia, Burlington and Quincy las,
Reading first preferred ~, St. Paul l$,
Reading IA, American Tobacco, Federal
Steel Southern Railway preferred. and
Union Pacific rs each, Southern Pacific 1,
Union Pacific preferred p, Missouri Pacific
". Manhattan Railway, Metropolitan Street
Railway, Pennsylvania Railroad and st.
Louis Southwestern preferred " point each
Now York stock Exchange-sales Aug. 12.
CLOSING PRICES OF UNITED STATES BONDS.
BiG <Iked BID, Asksd
I'm At 2s.r. Un At ~. r.
stpl ofalook - ls2b...12oA 1904
Us s.lsoS- I'm St -.
1918. r..l0ek losh o7b...l2oH 1904
rsss, 1908 Tn St bs. r.
1915. s.loSh losh 1904.,..lllA lllH
TIN st<s.r. I'm St Ss.s.
1907 "a ] en- lso4....1 llh l11K
In st<s.o. Css.osa.r.
lso7.....ll3 TIA 1s24.Doll7
RAILROAD AND OTHER BONDS I'm 81 .O0Os)
10 Atsh aAj 49,. s5h s KanCps G Ist 72K
8 .,.............. 1854 6 ................ 72H
/ 2 Atsh gen s...lulSs go ................. 72h
25 .................1o 1A' Lang 4s... 99a6
o81..... 90 z Mex Int H.. S7A
l9 .............. 95Nl Mex e I'd inc. "a
9Bho +s......l O0h S MK&Tof Tennis 9l%
rruu ISL DON Mo Pac col ST. e6A
ca LIST l07 2 Mo PAc loo
Oh q xnlAsas. o7A2 Nor p pri 4s...lO2s
z ......,.......... 97& 8 ...............lO2H
&C. BkQ I'll 1884 81 Nor Pac gal 3s 6eA
Cl. Term. As. loo ................ 6oh
6 Cen 3sss.... eeH g Eorf en- Is e5
tCc&1 os.." o94 10 ....,......,... e6H
3 Col 30 +s....... S6& NIGGA ....l2lA
l................ s6s 1oNY.o& +s.looA
8 OF Ga en- 5s.. 06A f. Ore l. en- 5s.. l l2i3
5............... eo1% Rio g So lst... 73A
10 Detail 6Mlg. 20 2 Read gnl Ia. SSH
d bet City Gas 5s 9sh 4S So Z ls wiz. san
EV ATh gni bs O3 50 ................. 1914
/ 6 Ene 81 lien 3ls 72 II ................ S3A
CIR Bay deb A. So 9 So Pac of Cal
6 Hook <rs... lOlS en- 5s..........lO7h
IL &JC gnl 49,. 6Sa O 30 OF Ari LIST. l 2S<
Hou1 EwT lstl 04a 10 tL&sF
10 II ht4s..,.... S6h div 4s. Q5
6 iron Mt 5s....ll31t / stLsw ist o6
Nan Tex A.. % 3 St q sw2 I'd SO
Kan TeE Is CT 10 ................. 6Sa
10 ............... 66A lStPCRy aalOeL
lO................. 67i 2.................lO9
. Kan I eI % SO std h 7 inc. 26k
0 Kan PSGlst. II 3 ................ 20
7................. 7lA 4 Tol o Cen 1stlo6
10 ................. 7lAI Union Pac a.. O44
................. TN 4 VII Al FL st.llO
o ................. 72 ! Wis Centlsttr 76A
Total sale of railway bonds tpar value). $4,000
RAILROAD AND OTHER SHARES.
Open High LoS- ~-ClonnS-
Sdles ing. tst. est. Bid. AIksd.
1910 AstkW 6lh 90 COX GIN e2
$40 Anstk
wp.. 100 looKloo looHloo
oAnBR.l 6e% lo3Klo2 le3Mlo3H
li3o An Tin. A2k 42h AIN 42A AN
400 AmsA "a en- on 6h
500 AMIGO l2H l2Hl2N
$50 ALoo 66A SO 66h
1870 An Tobllbh lit ll5H oHl leA
1904 Arb p AK AN AN al az
800 Anco. az az "a Ala AZ
400 .TkB
Ra onA onL onR1