davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

Disappointing huNCeS from Liverpool, Whcre
idea there that the bullish Government report has
been sufficiently discounted. liberal receipts at
the ports and Interior towns. tho fear Of October
notices and pretty heavy selling by local bear
a prominent Wall Street bear, all combined to do :
press the price OF cotton. Even some who believe
that ultimately the market must advance sharply
for the reason as they think that the crop Is short
incline to the opinion that for the time being under
stu further Only 800 400 bales OF October
notices were issued and II Is said that about ~ coo
bales are being shipped from here as rapidly as
possible to domestic spinners while some are also
decreased nearly 5000 bales. Savannah and Au-
gusta spot markets declined Mc. Some OF tho
leaders OF the recent bull campaign were bidding
for January. and the impression IL that the short
Increased Of late. On the other hand. the apathy
among outside operators continues and the spocu-
latiOn Is very largely confined TO professionals
In word, tho trouble now U.s. excess OF cotton
as usual In the opening months OF the crop year lust
when neither trade nor speculation Is Usually &C
livc enough TO cope with the movement and prices
almost invariably sag at least for time almost
or quite regardless Of the size of the oIop
Atwood. Violet Co, said: I'VE believe that
20 to 70 points above December. whether notices
are issued or whether they are not because AT
though the bureau average to day Is points higher
than last Mt this time. II Is we'll to advise those
not well Informed on tho subject that from this
~ to an unusually late frost while picking Was
carried on until January and February, bccauso
OF an open winter and consequently a gradual i'm
provemen, IN the crop. But We have now a crop
two to four weeks late. and the unfayorable con
ditions are progressive now, lust as they were
fsvorahiy progressive last year 81 this time"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
FINANCIAL NOTES.

-, the directors Of the ,Pere Marquette Railroad
Company, have purchased for that company
the Grand Rapids, Kalkaska and Southeastern
Railroad, which extends from Rapid City to
Stratford. Mich. distance of forty miles
The road has been under lease to the Pere
Marquette since 1893 and has a capital stock
Of S2e4 900 and a bonded Indebtedness Of
$500 900
An officer OF the American Steel and Wire
Company. which is now one of the subsidiary
companies of the United States Steel Corpo-
ration. said yesterday that Il question of re-
moving the general sales department Of the
burg or Cleveland had been under considera-
ton for some time. but that definite action
had not yet been taken. and. II taken, it
would not be important, as it would not In
volve the removal of any large ONCE force.
-. 1t was reported in Wall Street yesterday
that the directors of the United Boxboard
and Paper Company had decided upon the
election of Otis G. Barber. president OF the
Diamond Match Company. to the presidency
Of the United Boxboard and Paper Company
II has already been announced that MIR. Bar
Der will be the president Of the new Box
board Selling Company.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
Live Stock Market.

D.
Receipts Of beeves for two days were. SO head.
terers and rs for the market: making, with the stale
cattle. 81 cars on sale Fair 10 choice steers were
arm TO lOc. higher. and all grades selling more
freely than at the close of last week. bulls and cows
slow to Csc. lower, About cars were unsold at
a late hour Common to choice native steers SOLD
AZ &370d35.5O per 100 lbs, Westerns at S3I5aN ~;
bulls at 81 .?5ds3.UO cows at 81 25Gs3.25 Dressed
common TO choice native sides. Latest Liverpool
and London cables quoted live cattle slow at i0i3
6lllac per ID. dressed weight; sheep lower at
Oiaal1,ac.. dressed weight refrigerator beer
selling at DC. per Id, Exports 10 day none. To-
morrow $50 bccves l,225 sheep and 400 quar-
tiers OF beef.
Receipts Of calves for two days were 2,624 head,
including $50 for butchers and 0S5 for the market:
making. with the stale calves ?, 2il on sale yeas
were steady to fraction lower; graSScrs firm 10
&c. higher: Westerns selling more freely, me
pens were cleared. Common 10 choice veas sold
at sSlS9 per 100 lbs; criils at $4d$i50 grasSers
and fed calves AT S2.T5GS3j0 Westerns at $3.50
N25 City dressed veals steady, at si2Gl3'ao.
per ID: country dressed at 7G lliac
Receipts OF sheep and lambs for two days wers
for sIaughtcrers and fels for the market; making.
with the stale stock. s3's cars on sale Good sheep
were In fair demand and steady: the under grades
l0Rl5c lower: lambs sold l5c to Csc. lower than
at the close OF last week: about IL cars were held
over. Common 10 choice sheep sold al S25OIS W
per 100 lbs: ordinary to choice lambs at $5GN:
culls at $4dSAl2!4; Canadian lambs at $ 500 400,
dressed mutton quiet at S07sac per ID; dressed
lambs at SG10l3c.
Receipts Of hogs for two days were II ASS head,
and there were about 200 on sale Market loc,
lower State and Pennsylvania hogs were quoted
at 3640GS8,6S per 100 lbs.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
THE OUTSIDE MARKET.

The large volume Of business and increased
activity seen in tho market fol. outside Sc
curl ties last week were not at all evident IN
to-day's trading The market relapsed into
dulness, and what few price changes there
were showed in nearly every instance. q
declining tendency. Northern Securities lost
full point on very moderate DEALINGS Ten Zen
American Can stocks. White Knob Copper
and the Union Boxboard and Paper Issues
exhibited certain amount Of strength on
more than tractionally beyond the quotations
made for them on Saturday.
active stock on the list. 1t opened strong
at AS, touched i4H, sold down to isT and
Seaboard Air Line. preferred also opened
above Saturdays closing quotation. but y
at 25l3. Tho next dividend on 400 shares
of the, United. States Steel common stock
was sold at prices between 20 and ~ cents.
most OF the transactions taking place on
the basis OF 70 cents per dividend.
The transactions in the market to-day
foil
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

Coffee declined on weak European cables. reports
of beneficial rains in Brazil, rimors OF a declining
market at Santos. lower frin Offers, liquidation
and more or less beansh pressure.
METALs-The market was rather quiet with
prices steady to f1rm. In London tin was flrmef
at E1l8 los. for spot and fl17 for futures Copper
there was easier at ESD IFS cd for spot and fSS
Is. Cd. for futures. The following are the quota.
tions Of the Metal Exchange: Copper. lake. spot,
1880. electrolytc. spot, l3.25c.; casting, spot,
1870: tin. 20 50a27c lead +50c; speter, &C.; iron,
Northern. No. x, Sl7; No. X. $3.50: No. plain.
80: Southern No: ! foundry. $40; No soft sl9l
steel rails at mill. S2s.
NAVAL SroRks.-Spirits Of turpentine, ooaeol1o.
Common to good strained rosin. $3.50.
PRovIsIoNs-Pork was easier: mess. Vs6O@
S4.5O. Lard was quiet: prime Western, 1928
city $7.7s@3s: refined Continent. $3.50. Tallow.
extras 2Oc.; rsts, iS1salsJac State, dairy. tubs
nrsts. 1s0loc. Cheese-State, T. c.. small. coorod
or white, fancy, i2kc.; large. 12c. Eggs-Neaf.
by. fresh gathered. extras. 28c.; Western, Csc.
Chicago, Oct. 5.-'There was a little nfmcf
market for hogs at the yards early and some
scarcity OF offerings. This made a Arm provision
market. Offerings increased as the day advanced.
and the market hnaly sold down with the grains.
Deferred months were comparatively steady.
Packers were the best buyers while grain people
did most of tho selling. The demand Tor cash
meats and lard was hardly UP to expectations.
SuoAR.-Raw was steady at $50 for % test and
3,Sc for 50 test Sales, 900 bags 90 test rs hhds.
80 test and 800 bags molaSses the latter at $40.
Refined was quiet and easy, granulated. 4s0c.
CHICAGO, Oct. 5.--These were to-day's prices:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
AQUEDUCT COMMISSIONERS OFFICE.
Room No. 207,
Stewart Building. No. $50 Broadway.
Nav York October & 1903

TO CONTRACTORS:
Bids or proposals for doing tho work and fur
nlshing the materials called for In the approved
form OF contract now on file in the Office OF tho
Aqueduct Commissioners. for furnishing. deliver
Ing. erecting and placing slulce gates and Drain
ladders, etc.. required at the Jerome Park Reser-
voir, Borough of Tho Bronx, tho City OF New York.
will be received a. this once until twelve o'clock
be publicly opened by the Aqueduct Commissioners
rs soon thereafter as possible. and the award Of
the contract for doing said work and furnishing
the materials required will be mado by said Com l.
mlssloners as SOON thereafter a. practicable.
Blank forms OF said approved contract and the
specifications thereof, and bids or proposals and
proper envelopes for their enclosure form OF honda
and all other Information can be obtained at tho
above once of tho Aqueduct Commissioners on
application to the Secretary.
For further particulars 500 GUY Record, pub
Nshed at No. 2 City Hall.
BY order of the Aqueduct Commissioners.
WILLIAM II. TEN EYCK, President.
HARRY W. WALKER, Secretary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

bureau figures seem TO point 10 a crop more than
sufilcien. to supply the prospective consumption
during the coming year. and as the publication
OF the Government report leaves the market with.
out the hope OF the advance which some had sI.
pected would follow its issuance can no pres.
emit reason why the course of prices should noA
follow the precedent OF the past eight years and
decline substantially under the weight of the 4OOO.
900 5000 600 bales of cotton which must be mar
keted within tho next sixty days"
CoFYEB-Rio on the spot was easier at $40
for No Z. Sales. 800 bags Bogota. Futures de-
cned Is points but rallied a. slightly closing barely
lLf and Hamburg a to u pig. American ware.
house deliveries last week, OF. 1888 bags. against
Rio was unchanged; receipts, $4,000 bags stock
$1,000 Santos WAS unchanged; receipts 10000
bags; stock, ,s3s 900. Prices as follows:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
.Iiddendorf and williams Banking Houses
Affairs,

BALTIMORE. Oct. 5.--The committee In
charge Of arranging for an extension of
credit for the banking houses Of J. Will
liam Middendorf Il Co. OF Baltimore and
John l.. Williams h Sons OF Richmond,
Va, held two meetings to-day A list
OF assets and liabilities was submitted
10 the committee and the work of verify
Ing the assets is now In progress. They
show about s., 100000 in excess OF the la
bilities
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
WILLIAM n. TEN EYCK. President.
HARRY W. WALKER, Secretary,

PROPOSALS FOR SUBSISTENCE STORES
Whitehall Street New York City. N. Y, October
., 1908. Sealed proposals for Furnishing and do
vernx subsistence stores In this city for the month
OF November 1908. will BIO received at this once
until II o'clock A. NJ on October ld 1908 Informa-
tanning bids should be marked Proposals for
Subsistence Stores opened October 10, 1908" ad-
dressed TO Major ID. l.. BRAlNARD, Commissary,
r. y. A.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
COMMERCIAL.

Cotton DOwn--LiverpOOl Disappointing
Might Of Receipts Too Much for Mar.
ket--Weather Favorable-Wall street
and New Orleans Seilng-Graln Easier
Large Russian Wheat shipments
Visible Increases-C0fFee Down.
MONDAY, Oct. 5.-GRAIN .-Wheat--Spot was
easier. Sales. 90, 900 bush. No. . red. No.
over December; No. Northern Duluth. &c.
over; No. Northern New York. SIC. over.
Northwestern receipts were l.ls5 cars. against
ss5 last week and 9sl last year; Chicago. rs
cars. against 90 last week and lo7 year ago.
Futures closed lc to nc. lower. Sales. $780,
900 BUSH Prices as follows:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
D0yiestOwn Bank Remains Closed.

DoYLEsrowN, Pa. Oct 5.--Contrary to
be hope of members of the reorganization
committee, many Of the stockholders Of
he Doylestown National Bank have re-
used TO pay the assessment and the bank
nr
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

Oats were fairly active. Sales. $1,000 bush. No.
No. Western, 55tic. c. |. I. Buffalo. Car lots,
Jersey and State. ssl5@Ssc. G; !. I. Buffalo: Corn
fairly active. Sales, $50 600 bush, mainly Tor
export here and at the outports. No. mixed
In elevator. nominal: No. white. Sc: No yellow,
Sac. Futures closed SIC. to 3c. lower. Sales, 10000
bush. Prices as follows:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
PROPOSALS.
AQUEDUCT COMMISSIONERS OFFICE,
Room No. 20T.
Stewart Building. No. $50 Broadway.
York 0cfQher & 1l0N


Stewart Building, No. $50 Broadway.
New York, October g. 1905
TO CONTRACTORS
Bids or proposals for doing the work and furnish
ing the materials called for In the approved form
of contract file in the ONCE Of the AQueduct
Commissioners. for furnishing, delivering erect
ing and placing stop cock valves special castings
and ladders for the Jerome Park Reservoir. Bor-
ough of The Bronx the City OF New York, will be
received at this once until twelve o'clock aeon.
on Thursday. October g. 1908. They will be pub
hcly opened by the Aqueduct Commissioners a.
contract for doing said work and furnishing tho
materials required will DO made by said Commis-
stoners soon thereafter as practicable.
Blank forms OF said approved contract and the
specifications thereof and bids or proposals and
proper envelopes for their enclosure. form Of bonds
and all other Information can be obtained at the
above offico Of the AQueduct Commissioners on
application to tho Secretary.
for further particulars see CIV Record, pub
nshed at No. 2 City Hall.
BY order Of the AQueduct Commissioners.
WILLIAM H. TEN EYCK. President
HARRY W. WALKER, Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

FORT MYER. Va. Sept. "A, l908-Sealed pro-
rosais In trplicate for addition TO Hospital will
reserves right TO reject or accept any or all bids
or any part thereof. Information on application.
Envelopes Go o oids SHOULD b tndorsed
Capt. X. HARRISON, q. NJ.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

FORT MONROE. Va. Sept. 8. lsos--scaled pro-
posals In trpcate. for installing hot water heat
Ing plants In IS buildings here will be received
until IL NJ. Oct. 8, 1903 U. $. reserves right to
thereof. Information furnished on application.
Envelopes containing proposals should So marked
Proposal for Heating" addressed c. p. TOWNS
LEY. q, NJ
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

CARTER COAL AND IRON COMPANI
First Mortgage So Sinking Fund Gold Bonds
Notice is hereby given. pursuant to ne terms
Of the Trust Deed dated tho hrst DAY OF Octooei,
sealed proposals up to three p NJ on the twentieth
day Of October 1908, for tho sale 10 II OF oonds,
as above described. at prioo not exceeding lOe
and accrued interest. 70 an amount sumciens 70
use ~ SeS sHn 4. ~ 1l' TRUST COMPANY
OF THE CITY OF NEW YORK, Trustee.
Naw York Sentemher a 1908
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

Wheat declined early In tho day owing TO dis
pectatlons Of good Increase in the visible. liberal
receipts. foreign selling. liquidation and an ao-
1000 bush Paris declined Is to 20 centimes
and English markets I'D. TO asd. st. Louis was
weak and was selling at chicago. Later on came
Of shorts but on tho upturn liquidation was re-
sumed and this. together with aggressive selling
bush In the visible and cash trade caused
prices to break again, The weather was generally
SHIPMENTS siIpy Wero 90 q bush against
last week and IA, 500 last year. There was an
increase OF 100 600 bush In the amount on passage
Chicago received rs cars of which were OF contract
grade. The primary receipts were l.4ll 600 bush.
against 40 900 last year. and the shipments 743 900
The seaboard received $4,000 bush. and cleared
Corn was quiet and easier owing to generally
favorable crop reports increased receipts and mod
at the West. Al one time there was q rally on
lower temperatures and predictions OF showers,
lower low !. u" The Visible Increased scoo bush lSe
worlds shipments were 8.0e6, 900 BUSH, against
ast %hs
Primary receipts were $50, 900 bush. and the ship
mcnts 1000 The seaboard received +e3. 900
other grain. Shorts were the principal buyers.
The receipts and 90 oisrnSs are Increasing The
10 ' cars. Of which were Of contract grade.
FLouR,-oulet and easy. Sales, $500 bbls.
Receipts we're 1924 bbIs and 2;7l sacks 81 t,
sss$ s!iqshts. ss5o$s; s; s passas a:a +;
CorroN.-Spot cotton hero declined 20 points.
ss 1888 S YEAR N Nsa oeaps
Norfolk declined Hc;. New orleans &c, Galveston
With sales OF 1000 bales. Futures advanced 10 1
points, but reacted and declined to .; Man
chester was quiet for yarns and fairly active for
movement
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
ELECTIONS AND MEETINGS.
OFFICE OF
FPIE RAILROAD COMPANY

ERIE RAILROAD COMPANY,
New York. September 18th. 1908.
TIE ANNUAL MEETING Of tho Stockholders
Directors and the transaction Of such other busi.
ness as may come before the meeting. will be held
at the City of New York on Tuesday october 18TH.
at HAS a. N. The polls will DO open At y O'Clock
The Transfer Books Of both Common and Pro
ferred Stock will be closed a. p n. on Friday.
October md. 1908. and will be opened at 10 AN.
on Wednesday. tho 18th day OF October next
BY order OF tho Board Of Directors.
G. A. RICHARDSON Secretary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
DIVIDENDS AND INTEREST.

AMERICAN TELEPHONE AND
TELEGRAPH COMPANY.
Dividend of Ono and Half Dollars per share
viii be paid on Thursday. October IL, 1905 70 stock
holders OF record AT the close Of business Wcdnes
day September 80. 1908.
The transfer books win be closed from October
! to October IA, 1908. both days included.
WILLIAM r. DRIVER, Treasurer.
New York. September IT, 1903
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
The Annotated Mevchants Com

Hoboken. N. j., october s. 1908.
A quarterly dividend Of ONE AND ONE-oUAR.
stock and ONE AND ONE-HALF u4@ PER
CENT. on the Second Preferred stock will be paid
October 49,
Transfer books will be closed at p NJ, October
and reopened at 10 A. M, October 10. 1908.
MOSES ELY Secretary,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06

GREAT NORTHERN RAILWAY COMPANT
Now York September %. 1908.
Tho annual meeting Of tho stockholders OF tho
Great Northern Railway Company for the election
OF three directors 10 for the term OF three years
and for tho tranSa cton OF such other business s
may como before It, will be held At tho ONCE OF the
Company. No. 50 Nassau Street. in the city OF New
York on Thursday, October Q, 1908. at II o'clock
In the forenoon. +. T. NICHOLS. Secretary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
DAILY TREASURY STATEMENT.

WASHINGTON. Oct. 5.-The cash statement OF the
receipts and expenditures OF the Treasury shows
THIS day ThfJ month Fiscal year.
Receipts 1905 300 $751; 100, 362
Expenditures... l,S%0.o 900 $4,000 l&,27S.8T
surplus $50. ts77.Ni t2ss.2sO p.s2sses
The receipts from customs TO day were $3.50, St7.
from internal revenue S1.57S,557 miscellaneous
$50 $50 National bank notes received for rcdcnp.
ton, tSO7 798.
The cash statement OF tho United States TrsAs-
uysx for Oct. S above:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
Tho Gallatin National Bank

Of the CITY Of Now YORK.
Tho land Consecutive Sem-AnnuA Dividend
~, NEW YORK, September 3D. 1905.
Tho Directors or tnls bank have this day de-
clarcd dividend of SIX PER CENT, free Of tax,
transfer books will remain closed until that date
G. L. LEWIS, Cashier.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
CINCINNATI. LEBANON 4 NORTHERN RAILWAY CO.

TREASURY DEPARTMENT.
Pitts6gEgh. p; October i 4 1905
BONDS FOR THE sINKING F rCiS n,nd,
OF this Company to the amount Of % 10000 Will
be purchased November 1, 1908, at the agency
company Of New York. under the following pro-
visions Of tho mortgage:
viii DO received at tho agency Of said Railway
Company. in the City Of New York. on or before
the day prior 70 the time OF making suGn
inS par and Interest, will be accepted and paid
for. Should bonds OF different holders be onereo
ohased shall be on pro rata basis as near a. praG-
ticable In proportion to the whole number OF oonas
offered" ,,,, Mad
Proposals 10 sell bonds to the Sinking FUND
ususs Be in tho hands of Tho Farmers Loan ana
Trust Company before noon. Saturday oo'ooef
8tst. 1908. ,, r
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
FINANCIAL.
TO TN HOLDERS OF INCOME BONDS
OF THE
Mexican Central Railway:
FINANCIAL

A Q meeting Of above bondholdcn held this
day the undeEsigned were duly appointed and
AUTHORISED to act % . protective committee OF
the boodholders.
We thsFcfors call upon al income bondholders
Who srs dissatisfied with the Offer OF tho Com
psnx. ulAds through Ladenburg. Thalmann q
O, - dsposat their bonds with tho Continental
Trust Company. No. % Broad Street. New YORK
CITY, or With the American Loan and Trust com
psay, Me 80 state Street. Boston. Mass. undet
. - = agreement. tho details OF wnicn can 90
ohtelnsA from tho committee or from either OF
the sbovs Sfust companies upon application.
Dated September 18th. 1908.
BENJAMIN +. TRACY. Chairman.
SIDNEY ]. SMITH.
OTTO r. BARNARD,
J. W. HENNING.
D. g. RAMSAY.
n. ". JORDAN.
JAMHS HAROLD WARNER. Counsel.
10 Wall Street. New York City.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
CLOSING PRICES.

"nx dividend.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-10-06
DIVIDEND DECLARATIONS.

Company and srn. Stock, Amt Papdbh.
Rock Island, quarterly. pfd Nov. =
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-01-11
STATEMENT OF BANK AVERAGES.
LOnns in New York Show Decrease
of S3.11O.O9O for the Week.

New York. Jan. l0.-The statement of averages
Of the clearing house banks of this city for the
week shows:
Deposits sss3. sp9. 900. increase $40. 600.
Circulation 81. $50. 100. decrease SCI. 700.
Legal tenders 1865. 200. increase SO. $50. 500.
Specie Sl55. 80. Goa. increase S1.550. 800.
Reserve So. 2I2 100. increase 81. $40. 100.
Reserve required $2iS. 400. i0l. increase 1929, So.
surplus 1i.SiO.S0o increase $+.s1e. 45.
Ex. United States deposits si.s5i,5So. increase
si.0sU. $50.
The F!nancier this week says:
According to unofficial stimates. the New York
Clsa ring-house banks gained last week nearly
Sil. Gl. 600 in cash. The bank statement of sat
urday. however. reveals a cash increase Of only
cuIat;on. The statement of the previous Satrr-
dav, it will be remembered. showed fully twice
the Indicated gain FOR the week. so that. max
inc allowances for the average system and the
renittanCes which come into the banks later in
the week. the current statement is not so much
out Of harmony as might be Judged at first
The movement of currency from the interior is
now in full swing. and, unless all calculations
are misleading. the surplus of the New York
hanks will he largely increased during the re-
mainder of this month ami probably all OF next.
gained from all sources last week. despite the
fact that customs collections were nearly 81. coo.
O0. Rcdempticns of currency are to be expected
from this time on at a maximum rate. as the
banks will he led to contract circulation some
what. as the urgent need for il has passed. The
slows Il small decrease this year. as contrasted
with an almost uninterrupted expansion for
months.
The statement shows a decrease OF 81. 10000 in
loans, whereas an increase was looked for as a
result OF the revival OF speculation On the ex-