The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-07-03
FINANCIAL NOTES.

The local movements OF money this week
are described by the New York News Bureau
as follows. The uncertain working OF the
system Of bank averages Is likely this week
TO complicate the bank statement shown g
more than usual, not only on account ofthe
conflicting large shifting Of accounts in
cidental to the Pennsylvania Railroad pay =
ments and the preparations for the July in
terest and dividend disbursements. but be-
cause OF the broken period covered: The
feature OF the known movements Of cash
for the four business days up to the close or
ments, and for the first time In about six
weeks q net loss by the banks is indicated
Of 81. 230. 500. The cruA of the bank state
mept, however. Ia likely to be found In the
local movements Of money. The bants
lost to tho Sub-Treasury Sl.93s,oo0. Add
ing s450. 900 In gold that was shipped to Canada
makes the loss 81, 3sS, 900, Deducttng gain
by tho banks on the dom estic interior move
ments Of cash OF s,i57,50o leaves a net less
on all accounts, as above stated. The inks
by express from the interior sA,55l. 800, against
81. 22I 800 In the full business week imne-
diately previous, and shipped o., 34a,soOs
against SHIPMENTS week ago, tsix days. OF
ei.044, 900. The loss by the banks to the
Sub Treasury this week compares With a
loss In the previous week Of s4.237,ooo. for
responsible. In addition 10 the known move
ments of money. there were some shipments
Of cash tT New rns hays NOT
ment show VS. reduction in pension payments
Of $500, OO0 az compared with 81 500, 900 last
week and s2.2is,O0o the week before. Gus.
before The sub-Treasury disburs"d s5ss,-
IA for new gold on New iGsk Essay once nf,S
Transfers from this city. to Ney orleans
amounted to .ssoo,oo0 The total receipts
for the four days were si7.062 900, and the
most uncertain point regarding tomorrow
bank statement is the extent TO which tht
averages will be affected by the Pennsylvanta
A week ago agents of the Pennsylvania Rail.
road estimated that there would be deposited
In this city on last saturday alone any
where from so. 600, 900 TO sl5,O0o.OoO.
The statement Of the Trust Company %
America of it's condition on June 30, shows
total general deposits and deposits in trust
amounting to SN1G;s ge co a. npS oSO
and the undivided profits amount to &l4,e?2,
besides SIS, 900 reserved for tho dividend
payable July ana o? account oY taxes nc 70,
s2,2is. $50. in New York city bonds at cost
and 81, sci III in railroad bonds and stocks
at cost, while the cash on hand and in banks
amounts to s3,5Osl07
Abram NJ. Hyatt has resigned al first Woe
president OF tho New York Security and Trust
company because Of III health. Osborn w
Bright, who WAS second Vlce-presiuent, mas
been elected to the vacancy,
The first official move in the actual Absorb
ton of the Frisco by the Rock Island system
was the CONSERVATION OF the Frisco ana CnOO-
kew passenger and freight flces In Mem phis
Tenn, on Wednesday. number of changes
In the STATS OF tho two roads were made or
account of the consolidation
ST, B. Morse. assistant passenger traff1c
manager of the Southern Pacific Railway
rendered his resignation, to take effect OF
Aug. /. Mr. Morse went 10 the Huntington
lines from tho Big Four.
At meeting Of the managers Of the Cottor
Exchange yesterday, G, [. Lane OF B0s6on
John P. Parker of Monroe. La and William
Call OF II Wall street. this city were elected
members Of the exchange.
The Bank Of British North Americl wa
advised yesterday of the arrival at san Fran.
cisco OF $4,000 gold from the klondike
Il will be transferred here by telegraph
The Canadian Bank OF Commerce has ad vices
Of 81, 500, 900 Klondke gold to arrive, the first
remittance OF which Ia expected next week
The Sub-Treasury has transferred for banks
5000 900 to New Orleans