Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1901-03-05

New York-One of the Interesting fea
thfes of the situation is The enofinots
expansion of bank: deposits that is now
taking place. The deposits of the New
York associated banks, or those which
are included in the Clearing House As.
spciation, have crossed the .Sh000.000..
coo mark, aud il is estimated by compe-
tent authorities that Il statement which
would include the trust companies and
other financial Institutions that do not
make reports 10 the clearing house would
show a grand total of deposits of very
nearly, if not quite. double this amount.
For the associated banks alone the gain
since the first of the year. or during Il
period of less than two months. has been
about $200,000,000. In somewhat vary
ing degrees the conditions prevailing in
New York apply to every important
financial center in the country. The re-
ports of the national banks of Chicago,
made in response to the Comptroller's
call for a showing as of Feb. ., Indicate
a growth of about $4,000, 900 in deposits
and a gain of about $11.000,000 in loans
since Dee. 13, 1900, when the last pre-
vious call was issued. The State banks
have not vet been called, but it is prac-
of even date with the national banks
would make a similar showing. In case
of the savings banks, in particular, there
has been rapid growth in deposits in
the last two months, officials of some of
the larger institutions of this class report
ing gain that is little short of marvel
Gus.
4 Il Il
ity characterized the weeks speculative
business in grain and provisions and tluc-
tuatons in prices were frequent the net
results Thursday afternoon was that val
ues, compared with Il week ago, were not
changed to any material extent. The
markets had an appearance of greater
strength most of the time than the real
ity, as revealed by Il comparison with
the previous weeks prices. The wheat
situation underwent no material change
the two contending factions being I'M
supplied with anything to give either u7-
due advantage. There remains plenty Of
wheaI-and liberal movement of its sur
plus to foreign countries. The condition
of the growing crop is favOrably regard
ed, but large portion of the area devOt-
ed to its growth is without any covering
Ol SHOW, anu the recent SeNtIG CuAu CiCT
atcs some apprehension, while the Hes
sian fly is known to infest the same ex-
tcnsivc area with its customary devastat
ing appetite. \ proposition to compel the
owners OF regular elevators to combine
themselves to the storage of other pee
pies grain, now before the members of
the Board of Trade may have conse-
quences that shorts in the market have
reason to dread although having no di-
rect bearing upon supply and demand out
side of Chicago The speculative bust
ness in corn would be similarly affected
with that in wheat should owners of reg
uar elevators be confined to their legiti-
mate occupation. Quite independent of
any such influence, however, the buying
side in the corn market has Il majority
In it's favor at present because of the
scarcity of the contract grade and the
comparatively small stocks in sight of all
kinds. Oats are i'll good supply, hut
there is a confident tone to the market,
for which a visible supply almost doubIs
tkat at this time last year has no terrors-
The consumptiye demand for provisions
is such that heavy receipts Of hogs havs
but little i'll effect upon prices of the pro-
d,1cte ~