The Indianapolis journal., 1900-10-28
BUSY WEEK In SHARES
Reaction Late in the Week Forced by
Observation-Disclosures Wealth
er Checks Local Business.
At New York Saturday money on call was

AT New York Saturday money call was
nominal.
Prime mercantile paper. sac per cent.
Sterling exchange was steady. with actual
business in bankers bills at sfs5A for demand
and $4S04 for sixty days; posted rates. $LS1d
4Sils and $l.s4lsa4.S5; commercial bills s4.7slsG
AS0.
silver certificates were sIlzG65sic: bar silver.
csc: Mexican dollars. 50a4c. Silver bars at
London were 297sd ounce. !
The weeks exports of precious metals at New
York were s2 800 in gold and s1,O19,S2O in silver
bars and coin.
specie imports were ss.s9i.sss in gold and
S5.sT5 in silver.
Imports of dry goods and merchandise
valued al sn.117.65l.
The weekly statement of the associated New
York banks. issued Saturday. shows the follow
Ing changes
Loans. decrease isi, 500 500
Deposits decrease ....-----.-..-.-.-.- S'ofl,2vO
Srtuiatlon increase lse'sU
Legal tenders. increase ..................., 800
Specie. increase - @ lyO
Reserve required decrease. 76O.S25
The banks now hold 500 So in excess of the
p per cent rule.
The Financier says: The statement OF the
associated banks OF New York city for the week
ended Oct y was OF surprisingly favorable
character. the gains in cash holdings especially
attracting attention. The known operations of
the week Indicated that the banks had lost
money both 10 the treasury and TO the interior.
but far from showing this the averages reveal
a. actual gain OF 81 323 800. both specie and legal
tender sharing the expansion BY any
rule OF calculation this increase cannot be ac-
counted FOR. although the peculiar workings of
the system averages under which the state
heut Is compiled have at times in the past re-
suited in even more astonishing results. The
sold arriving from Europe within the past few
GAYS could not have figured fully in the state
mtnJ and treasury disbursements in bank opera
lions we're also too late to show to the largest
extent Probably II the exhibit is really correct
leeal operations with other institutions must b
M,ht as suggesting that IL reveals the true con-
e..eo1 of the hanks. sets at rest the money rates
Ns immediate future. The gold IN transit
tI"in Europe and the conSignments received
n tltln australia and other sources Will add ap
Iiecially 10 the reserves OF New York institI-
ions but IL Is an interesting question whether
shown over fb n, TO oon,raeS n IN ,ns sous NJ
$i,+6ft1o IN this item since oct % was about as
1pected. although Stock Exchange operations
80 DEPOSITS have been reduced sS.0tl. 800 by
= > evident that the statement does not balance
- - IN arproXimately. There is reason to believe
..ne oa New York this fall is nearly at end
ll ioeai bankers believe that the return of tisis
siaoiy in The statements until near the emu Of
W ~ -ar. Perhaps the dTst evidence OF the turn
s.t'.lsifiE national bank notes. the volume OF
men has been Increased sSi.oooooo in year:
ItS- HoffS are scattered all over the United
tale-. ana ans redundancy in circulation Will
sf-i.tt. toward their partial retirement The
~ 81 national hank note currency under
N' Ae" ldw. however. is yet TO be tested"
WALL STREET REVIEW
mere was very manifest disposition TO sell
Is to take profits saturday The appearance
o. Inc unexepctedIy favorable bank statement
ta'e nonentary check TO the downward move
iient' but the rally was taken advantage OF to
''"iease the selling, and the whole list gave way.
eeeing weak and al the lowest prices -Net
's - between one and two points are re-
N0'1ei in not few stocks both in The industrial
ana rsiiroad iisss- The former department was
es greater sufferer Some stocks had q period
strength after the opening notably Sugar.
n.oohiyn Transit and Metropolitan street-rail-
80, which were most actually affected BY Tia
- seB1oE movement. The and steei
e,ss e. - as group were weak. In spite Of en-
taSing reports 4 the ih4sstry IL the weekly