The Montgomery advertiser., 1905-04-16
THE FINANcHR's STATEMENT. ;,

| wheeling q Lake Erie 4s .... -... .. s4N Wisconsin Central 4s .... .... .... .. sAA THE FINANCHR's STATEMENT. New York. April 1b-The Financier this Last weeks official statement of the New York associated banks was favorabis: it not only reported a small gain in surplus reserve. but an important increase in cash. about one million greater than that which was estimated upon the basis of the trace able movements of money during the week This difference may be accounted for by the
 fact that some of the large country banks surrendered about this isum of public funds in anticipation of the treasury call for suen The loans were increased ss,s51,5oo. re- fIecting augmented Stock Exchange bor- iatson i during T @ the % greater M part of the Week. this increase in loans. 1t may be noted. reduced the net loss through contracti9n of this item since March 4th to 35 1-5 mil lions The deposits were augmented $I1.- s0l.300, which was $s20,40 less than the sum of the increase in loans and the gain in cash; therefore the statement showed fairly good balance.
 The required reserve was increased s2.-
 Esu Gf tns ass
 in cash left s6s9.s75 as the increase in sur plus reserve to $s.352. 400. Computed upon
 soo @ public @ % funds is the sur surplus is slssoi.ss; The above noted surrender of one million of public deposits and the fact that the
 
 not only the maturity of the May IS. but also that of the July installment, would seem to indicate that these institutions are desirous of making available as promptly as possible the released bonds against de- posits for use security for speculation. Probably uch surrenders of recalled pub lie funds will gradually increase in volume in the near future. The statement seems to confirm the impression which has pre- vailed in the last fortnight that the spring movement of currency to the interior for crop planting purposes Is not only over for the season. but that the retusn tide has set in and It will increase in volume. thus contributing to an expansion of cash re- sources of the banks.
 The daily syerags ere of esarinss fer the compared with the previous week. The clearings on Saturday, reflecting Fridays changes in loans show that eight banks gained $6.O00. 900 net: six banks increased
 cash by s2, 2,5oo.ooo net; - Chicago. April 15.-Liquidation of May the wheat market in general. Damage re- | counterbalancing effect, causing July wheat to close with gain of Ac. May wheat Is
 down %c Corn shows 2 loss of Ac. cats l Notwithstanding a sharp decline at Liv-'
 erpool due to predictions of a liberal In-
 crease in worlds shipments the wheat mar
 ket here opened firm. Initial quotations
 on July were up B9Ac at s7Se to sSc
 Msay. was up ssc to l%c at sl.15h 9 |
 was a decided drop in temperature through | out the West and Southwest The
 strength of May was due to information
 from Minneapolis that May wheat there was up over 1c on the curb In the North | west snow was reported fin many sections | Sentiment soon became bearish, however | on selling of May by houses supposed to be l acting for Wall Street coterie. A prom
 inent long here was also credited with sell ing May. Within a snort time the price
 of May had descended to S1.i4 The break l in May had a weakening influence on the
 more distant futures. July gradually de- | clined to s7%c. An increase in primary | receipts tended also to create bearish sen | timent. Later. however. future deliveries | became quite firm on covering by shorts. | Part of the buying resulted from a few ad- | ditional reports of damage to the crop in
 Nebraska Another factor was a forecast of
 sufficient to force July up to ssh @sshc. | The May delivery, however. was inclined to
 drag under persistent selling by influential
 traders At the close July sold at S7hc.
 May closed at $1.14%. Clearances of wheat | and flour were equal to 243.70O bushels.
 Primray receipts were so5.o0O bushels. com pared with 221,5O0 bushels a year ago | Minneapolis, Duluth and Chicago reported | receipts of 229 cars, against 16S last week,
 The chief feature of trading iI the corn | houses were liberal sellers Probability of | the resumption of heavy movement re- | sulting from early completion of spring
 work farms was one of the principal | bearish factors. Lower prices at Liverpool. | in anticipation of increased shipments from l Argentina aided the bears here. July
 opened unchanged to a shade lower at 48I
 Q4S%c to 4s7sc. sold off to 47ss a47%c and | closed al 4Sc.
 Selling by longs and commission houses | caused a weak undertone to the oats mar
 ket. Buying was principally by shorts. | Weakness of corn was the chief depressing | factor. Prices at che sample tables were | off E O 1c and shipping demand ex-
 tremely dull. July opened unchanged at
 BOG. sold between 29%c and SOQ3Ohc and | closed at 29Ac.
 Provisions were firm early in the session
 owing to 5o advance in the price of
 hogs. Later provisions weakened in sym | pathy with a break in corn. Trading was | very quiet At the close July pork was | off hc at SIS. %. Lard was down 21ac
 at $7.45 Ribs were Sc lower at S7.25 ls