The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-04-27

] AANG EELHA LAA TIT 0AA4AAHINm nH 49,.
lean securities to the Paris bouree -
toward the removal of obstacles - ~
admission Of foreign securities fbars -
(which importance is attached NTson
thine American capitalists are avaiIfng
themselves Of the abundant resol,roos
of the French money market in fbs
carrying out Of syndicate projects and
the London market is indebted tn Psrie
on a scale probably unprecede14ed
/ Speculative and convertible bonds 49,
been very active. moving Ia svDnstbv
with stocks. United States Is sdvanced
Is per cent over the closing cali os last
week.
New York. April e6.-The Financiar
SAYS: The official statement Of tho
New York associated banks for last
week showed an increase of ss s35 5a0
in cash. of which SOL. 500 consisted ~
specie. and s., 535. 90e legal tenders This
! increase of cash is only sS1I2O o below
that which was estimated from the
tfacea bic movements of money dl,rino
the week. the estimated sum being s4-
1860 In the previous week there
was a difference between the estimated
and the official gain of S1.I73.9O0. the
latter being $3.50, 100, while The former
AHE EErNlt-NNU- LNAA6 Ml1E HU~HTAEanEa If
was believed, Indicated that The state
ment was made on rising -
which belief, it now appears, was most
likely correct. Therefore. il would
seem that the bank returns of last week
reflected conditions as regards cash
more closely than has been the case
The cash movement was well distrib-
uted throughout the week, money com.
ing from nearby points in fair
each day, attracted by the nDDorfunf-
ties for employment IN the New york
market, and il seemed to be evident
that the monetary tide had ouite de-
cidedly set toward this center. moi only
from neighbOring cities. but from ali
parts Of the country. The loans were
decreased s1.097, 800, making SIR go 200
since April -, inclusive. during which
period stock transactions were In large
volume. The reduction in loans last
week appears to reflect continued CON
servatism on the part of our hanks
The requirements of stock commission
houses have, however. been largely
met with offerings from country banks.
ehleHy at the west, which have freely
Ioaned the balances with their New
1ork correspondents; also that the
stock exchange borrowers have baan
able to obtain all the money thew need
ed elsewhere than from the local hanks
OF trust companies. The deposits were
increased last week SLIP 400 The
statement is. therefore. out Of har-
the gain in cash less the loss IN
loans calling for an increase IN demos
It's Of S2,22S.2 POO. The required reserve
was augmented by S442I00. which
amount, deducted from the gain in casb
OF S~825,5OO, leaves $2.SS2. 400 as the in
crease IN surplus reserve. This item
stands at S9,461. $50. against S16-
io9,fI5 at the corresponding dare last
year- The cash changes by individual
IaHAs We're comparatively small during
me week. Nine Wall street institu-
lions showed a net gain Of 81 2G0 O0a.
OF this number Indicated an in
crease of $4.100, 900, and one a decree So
oI @,40O.O00. The bank cIearinrs for
week were nearly $2.OO0Oe0 600 an
ncrease of 1863, 10.O10.
New York, April 26.-The Commercial
advertisers London financial cable
gram says.
Stocks were quiet today. but the tooe
vas still satisfactory. Investment
hardened and American issues
we're inclined to hesitate and wait for
he appearance Of the New York bank
statement. Prices improved somewhat
oward the close with 8tchison the sole
eature. Copper stocks were firm.
Gold 10 the amount Of $4,000 in bars /
'ss been bought, and e57.00e has been
'eceiVed from Australia