The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-12-09

New York were Sal. PAS in gold and sS9. 95S in sill
YER Exports OF gold and silver aggregate ST.
2S.u7 in silver bars and coin and S27. $50 in gold.
Imports OF dry goods and merchandise were
valued at S., sac
The weekly statement Of the associated New
York banks, issued Saturday. shows the follow
ms changes:
Deposits. 1856. 20
Ilc9iat.on. g. 100
Sece, 40S,6YJ
Iotal reserves, 6.006. 100
reserve required, Sil.550
surplus reserve, 5,l64,o50
The Financier says: The upward trend in
The cash reserves OF the clearing house banfSs
Received a sudden check. last week. through re-
newed demands by the South and West for
funds and steady absOrptions by the treasury.
Both these factors were in evidence. early in
The week. and estimates OF actual losses SUI
Tered by the banks ran as high as S7,eo.0e1. The
statement shows a falling of in cash Of some
thing over $1,000. 900. and as reserve requirements
Against deposits were not materially lessened.
te surplus vas cut In two. standing at s.. 7e1, 125.
ss against $~io.S65.675 for the previous week. The
Ioan item shows sn increase OF S1.944.4oo. which
very moderate. after the eleven-mIlIlon-
1sNe decreased only S~3.Ss5.20o. AS a matter OF
tt losses IN cash are shown 10 nave pee1
tie- oy one large institution, the changes in
nAose deposits also account for the snrinkage IN
-et lt-n- II follows that SO far as the stand
Nk 20 The remaining banks Is concerned. they
a. at least as strong in reserves as they were
week ago. The continued drain on New YORK
Ia bad the effect OF hardening money rates. and
the January dividend season is not far dis
-" me general opinion Is that nrm rates are
ne expected over The end or the year. Inc
fehiS ot heavy sums westward at tnlS SEA a
A'norual but the movement IS aus 90
htafy business II = siShineane no~
go NAT in anticipation OF higher rates here.
+Ltsri1r banks with large reserves, are sending
- Q % ms center to be ioanee ana os.ore
- arst Of the year II Is anticipated that large
s-ounts viii De placed The treasury viii
rme Il current calculations are correct. and as
a.-Aan gold shipments have fallen on, inc
80 supply, u needed here. will have 10 De at
trd Pr means Of Interest rates There rs
q The circulation item Is uecreasins
80 the loss Tor the current week having
wAIL-sTREET REVIEW.
There was very little trading in stocks. Satur-
ca and the character OF the market remained
about he same as fo- several days past. Ten
hesee Coal and some Ok the other industrials
which have been acutely depressed during the
wees continued feverish and unsettled. Ten
hfssee Coal fell an extreme 3% and recovered
'Ao points In sympathy with the late general
strength Of the steel group. Federal Steel led
u~ rally and was helped by talk OF dividend dis
Intuition and OF the adjustment. by agreement
" me disputed points between the great stsel
sSMblatlors. The movement of prices In the
tfA list was sluggish Throughout TIE wea-
statement had been 50 accurately fore
ttdt II had little Influence on the tradlns'
- ..stnlne prices were a .Ittie better aftel
s7mp 5sIisTS witt; 9 ne taking ss OF Ma Profits pr s5s an ste y
,osks but there is no change In the opinion
S1s ne cutting in two Of the small surplus re
..Slook from a speculative standpoint. The con.
anasa interior demand fr money Is REGARDED a:
Irespenty. However. It viii Interfere just a
haaisFs.aaily With the purposes OK persons who ar'
axe reported purpose % the Treasury Department