davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
NO RESILIENCY
IN STOCK MARKET
Lack of Support and Bearish
Tone Lead To Decline
BEARS ATTACK ALL PRICES
American Smelling Leads In Weakness
and Other Stocks. Lose Values
Principally Through SYM
pathetic Feeling.
BEARS ATTACK ALL PRICES

New York, February 5.-Today's mar
ket gave early evidence that demand for
stocks had come practically to stand
still. The selling pressure was enhanced
later by increased professional operations
on the snort side. This demonstration
was encouraged by the manifest lack of
support in the market, marking the ap-
parent abandonment of the policy of sus-
tanning prices, which has been attributed
to the powerful banks and capitalists in
association either by tacit or formal agree
nent The assigned motive for the sup
port of the market by the large financial
interests is the Importance of fostering
the growth of confidence in securities and
awakening of a demand which will help
to further the flotation of new issues in
contemplation of financial requirements
which confront many large corporations
This policy was not in evidence today
certainly, and the bearish professionals
showed growing holiness in following UP
their advantage.
American Smelling was a center of at
tack and its decline was influential in I'M
dermining the whole market The pro-
fessed motive for the selling of the stock
was the formation of plans for competi-
ton in business by allied interest in the
metal mining industry. There was moth
ing in the news of the day to constitute
an effective stay for values and several
items were construed as positive factors
of depression. Such was the report of
the discharge of 10000 men by the Bald
win Locomotive Works and the onicial
intimation that a total shut down of
that important industrial concern was in
contemplation failing a change in pres
ent conditions of demand for its product
Railroad equipment industrials as a group
naturally showed the effect of this in
formation Additional reports of net earn
ings for December offered little promise
of resources in hand by railroads for
pushing expenditures Compared with De-
cember of 1906 the percentage of decreases
in some of the important railway systems
today reportin net earnings for De-
cember we're:
Pacific 10 per cent; Norfolk and Western,
IA per cent; Lehigh Valley, Il per cent,
and for the six months ending December
81, Louisville and Nashville reports de-
crease of 2S per cent compared with the
previous year. A summary of results
from A roads previously reporting for
December shows an average shrinkage IN
net earnings in the same comparison OF
q so per cent.
Discussion of dividend receipts was not
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Metal Market.

New York, February 5.-The London tin
market lost part of yesterdays advance,
with spot closing at &12S lbs and futures
at ELS Locally the market was weak
and lower in sympathy with quotations,
ranging from $2.s116 to s2.S21a.
Copper was higher in the London mar
ket with spot quoted at &62 and futres
at G62 los. Locally the market was quiet
and unchanged. Lake is quoted at $l3.oo
to $1375: electrolytic at S133713 to $l3.621s,
and casting at $13121s to $19.3712.
Lead was a little lower, at e14 12s sd in
London, but remained dull and unchanged
at 1886 to 1915 in the local market. Spell
ter was unchanged at $50 IS in London
The local market was shade higher, at
$3.50 to $3.50.
The English iron market closed with
{ standard foundry quoted at AIS and Cleve-
land warrants at ASS 3d. There was nc
change in the local market. No. north
ern, $3.50 to $1S75; No. l foundry north
ern. $17.75 to $685.; No. l southern and
No. southern soft, $500 to $3.50.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06

hlberts, PFC per pound; pecans. lac per
pound; almonds, 1sc per pound; mixed
nuts lac per pound; Italian chestnuts, &c.
Raisins-Two crown layers, $500: tnrss
crown layers, ~ 40.
Dates-Per case 80 pound case. 81
Figs-Layers. crown, Sl.10 GRO IN.
81 Is per box; case, S6 pound boxes. so.
Peanuts-Faney, per pound, 61sc: choice.
51kd6i3c.
Sweet Potatoes-Dooley yams, Sl.0O
Cocoanuts-$4.00 per 100.
Apples Fancy. s5q5.50 choice. s45O05.
Limes-imported, per 100, slips.
Oranges-Florida, box, S.25q2 so.
Bananas-Per bunch sl.2591. 70.
Malaga Grapes-Per key, A.50Q5.5o
Spanish Onions-Per crate, Sl.50.
Celery-Caiifornia, doz,, Soc; crate, s4.75.
Rutabagos-11sc per pound.
Celery-California. doz.. S5c crate, IS.
Cranberries--Per box, SD
t.rapefruit-Box,. $40.
Tangerines-Double strap, IS.
Turkeys-Dressed. Ice to 1Sc.
Turkeys-Live. h., 12G14c.
Onion sets yellow per bushel. 81 so.
Onion sets, white, per bushel, s2.I5
Onion sets, red, s..
Seed potatoes. Tennessee Triumph, per
bushel. s1.O5; Rose, 81; Peerless, 81; He
bron, 81; Burbank, 81.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Live Stock Market.

Chicago, February 5.-Cattle-Receipts
estimated about $4,000; market steady;
steers. s425@625; cows. s3.00qS.75; heifers,
$2.5O@5. %; bulls, s3.OO@4.5O; calves. $1,000
700; stockers and feeders, s260M4.75.
Hogs-Receipts estimated about $4,000;
market 10c higher; choice heavy shipping,
$350Q460; butchers 81 45d4.60; light mixed,
81. 9Oa4.40: choice light 81. 40@445; pack
ing, $40O@4.45: pigs, sS75@41O; bulk of
sales, $440d4.50.
Sheep-Receipts estimated about $4,000;
market for lambs steady; sheep 15c lower;
sheep, s425G5.50; lambs, $62sQ715; year
lings, $55OQ6.25
Kansas City, February 5.-Cattle-Re-
ceipts, 5000, including 100 southerns; mar
ket 10c higher: choice export and dressed
beef steers s5l5@5 So; fair to good. 400
$40; western steers s425@5.4; southern
steers, $400m4.70; southern cows, $3.50
$50; native cows. s2.sOa4s5; calves. ss.5o@
500.
Hoss-Receipts. 1900; market 1of high
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Hubbard Bros, g. Co.'s Letter.

New York February Especial Ito
days market was exactly the reverse Of
yesterday, losing the entire advance on
adverse adviees from Europe, which
failed to advapce in answer to the bet
ter market here
This movement of prices increased the
pessimstic view which has been so ap-
parent for some time past. due to the
absence of any speculation for higher
prices. The spinners abroad feel there is
little danger of any revival of the move
ment to advance prices, which they con-
slider they checked by their delay in set
Ting their dispute with their operatives
last month. They also expect that the
political agitation will fnlly result in
lower market On the other hand it is
noticed that a quiet demand seems to abb
sorb the offerings below this basis. To-
night the trade expect lower prices to-
morrow in Liverpool.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06

er; top, s4571k; bulk of sales, $.Oq45O;
heavy. &.45@4571a; packers, $4.3O@4.521s.
Sheep-Receipts. 5000; market 1oc lower;
lambs, $6.75@6SO; ewes and yearlings, $3.50
$3.50; western yearlings, $5.4O@6.20; west
ern sheep s4.5OQ535.
ST. Louis, February .-Cattle-Receipts,
5000, including 100 Texans; market steady;
native shipping and export steers, s.. $50
600; dressed beef and butchers steers,
81 9Od5.75 steers under 1000 pounds, $3.75@
AGO; stoekers and feeders, $24O@465; Texas
and Indian steers, $2.90Q5.25; cows mad
heifers, $1.75@375
Hogs-Receipts, 1900; market to 10c
higher; pigs and lights, $S.5OQ4.50; pack
ers, s40O@455; butchers and best heavy
81. 4564,50.
Sheep-Receipts, 800; market steady; ma
tive muttons, $950Glo.50 lambs, $4.50@7 %;
culls and bucks, s2.75a3.75; stockers, s2.70
$3.50.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06

cheerful in face of these returns and sew
eral of the industrials were the OBJECT OF
unfavorable estimates of more speclflc
kind. Some of the selling of stocks ana
sto some extend of bonds which appears
occasionally in the market is attributed
to closing out of bank or trust company
loans in the final clearing up of the az
fairs of those institutions which were
helped through the panic period. Some
hardening of the time money market was
perceptible today and foreign exchange
rates continued to decline.
A remarkable feature of the price move
ment of stocks was the uninterrupted
nature of the decline. Even at the last,
when room traders are accustomed to
take a days profits by covering short
contracts, there was no resiency and last
prices were commonly the lowest.
Bonds were lower. Total sales, par
value, S1,S40,000
j. United States bonds were unchanged on
call
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Naval Stores.

Savannah February 5.-Turpentine
firm at SIC; sales. 370 receipts, 1852;
shipments, 172. Rosin firm; sales, 222S;
receipts, 2403; shipments rs; stock,
1892. Quote A, B. C. $3.40;D, $3.50 %
3.55; e. 1855; r, $3.50 $50: G, $1,000
3.65; H, s3.65; l. $4,000 4.O5; K, s515;
NJ, $40; N, $1,000 600; window glass,
$6.40@6.50; water white, $3.50.
Wilmington, February 5.-Spirits of
turpentine steady at Sic; receipts, AZ
casks. Rosin, nothing doing: receipts,
29O. Tar nothing doing; receipts 80.
Crude turpentine firm at $2.25, 1926 and
1925; receipts, 5.
New Orleans, February 5.-Receipts,
1O7 barrels rosin; % barrels turpentine.
Exports for Honduras, 26 barrels rosin.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Interior Movement.

Houston-Quiet; middling, 115sc; net
receipts. 3197: gros sreceipts, 1885,
shipments, $3.50; sales. 613; stock, g.
600.
Augusta-Steady; middling. 1l5s G.
net receipts. esd gross receipts, 774s
shipments. III; sales. eli; stock, Co.
010.
Steady; middling. 117se;
net receipts, 2207; gross receipts. 1885,:
shipments. 3S08; sales. 600 stock, H.
49s.
st. Louis-steady. middling, re net
receipts. 440: gross receipts 275l;
shipments, 1858; stock. 1884.
Cincinnati-Net receipts, ga; gross
receipts, 974; shipments, 1896, stock,
1888.
Louisville-Firm; middling, 12c.
Little Rock-Steady; middling, 1 g c.
net receipts, 1928; gross receipts, S2S;
shipments, 1891; stock, 2S706.
Total today-Net receipts, 1900; gross
receipts 1859; shipments, 1880;
sales, 2127 stock, 29s.2S6.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
New orleans Cotton Market.

New Orleans. February 5.-Cotton--
Spots steady; 1-16c down on all grades
Middling, II 13-16c. Sales were 2050 bales
ON the spot and 1850 to arrive Futures
onened steady. 4 to 5 points below the
close yesterday, as a result of the the Eng s
lish market making only feeble re-
sponse to the advance here yesterday.
Following the call the market eased Off
further March futures which opened at
II .41c going to 1.26c, while December
lines of 10 or more points. from the open
inc levels were true of May and July.
these low levels were followed by some
Improvement, but all advances were of
a tmporary nature, absence of specula-
ton and other supporting features being
marked. In the face of unfavorable adj
vices from points in this country, as well
as abroad, the advances were generally
succeeded by even more rapid declines
At the close, which was steady, the ac-
tive months were II to Is points below
the close yesterday.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
KILLS WRONG ONE.
Father Shoots at Son-ln-Law and His
Daughter Is Killed.

Memphis, February 5.-A special from
Eldorado. Ark, says Displeased be-
cause of his daughters recent marriage
Andrew Bradshaw fired on his son in
law, Isaiah Wood, at the Bradshaw
home, near Smackover, Ark, today. At
the same instant the girl rushed be-
tween the men and was struck by the
bullet intended for her husband, re-
ceiving a wound which resulted in al
most instant DEATH Bradshaw is un-
der arrest charged with involutary
granddaughter.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
IiuernooI Cotton Market.

Liverpool, February 5.-Cotton-Spots
quiet: prices 4 points higher; American
middling fair, 7.o2d; good middling, 6.66d !;
midding, sod; low middlng, 6.O6d; good
ordinary, 5.64d: ordinary. 5.14d.
The sales of the day were 1000 bales,
of which 500 were for speculation ana
exnort and included $500 American. Re-
ceipts 10000 bales, including $500 Amer
lean.
Futures opened steady and closed
steady. American middling. good ordi-
nary clause; February, 595d February
March. 5.sShd; March-April, 5.ssd April
May, 5.s6d; May-June, 5.s31ad; June-July,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Coffee Market.

New York. February 5.-The market for
coffee futures opened steady at uncnang-
ed prices to an advance of points In
response to higher primary markets
Trading was very quiet and the close
net unchanged to 5 points higher. Sales
were reported of $3.50 bags, including
March, 6.15c May, 6.20c; September, 6.4Oc;
December, 6.50c.
Spot steady; No. 7 Rio SIC; NO. San
tos, sac; Mild coffee steady; Cordova,
9a013c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
SPECIAL RATES
VIA
u. ggNS q

Winter Tourist Rates to many
points in the south and Southwest at
very low rates. Tickets on sale daily
until April 30th. Good to return until
May 31st.
Special Homeseekers Rates to the
West and Northwest Tickets on sale
first and third Tuesdays of each month
at one fare plus $500 for round trip.
One fare plus 25c to Mobile, New
Orleans and Pensacola, account Mardi
Gras. Tickets on sale Feb. Goth to
March I'd inclusive, good to return
until March 10th.
For full information, call on P. Sid
Jones, D. p. A, Birmingham. Ala.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Local Staple Groceries.

(CorreSted daily by FRANKLIN, Stlles ana
Franklin)
Anples-3-pound cans, per dozen, $3.50;
Axle Grease-3 dozen to case, Diamond
sl35; Mica. 1925.
evaporated, 90 pounds bulk, per pound,
12c; evaporated one pound cartons, 80
pounds, per pound 121kc
case. per Dozen Palace Car, $3.50;
Mitchell, SOC: Bull Head, 9Oc; dozen 2
pound cars to case, per dozen, Campbels,
9bc: Dog Head, soc; l pound cans, 4
dozen to case. per dozen, Van Camp 9Oc.
Raking Powder-Per case, Good Luck
S.U: Hi-Lo, $S.75 Parrot and Monkey,
81. 80; Horsfords Bread Preparation, "a. 30;
/ pound Rumford, $500.
Blackberries-2 pound Griffin Farm, 2
dozen case, per dozen, -95c.
Baskets-1-bushel, wire display, EACH
$3.50; 1a-bushel, 81 %.
Blueing-Spurlock No. 5, 3 dozen to
box, 81.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Bonds.
Money on Call.

New York February 5.-Money on call
easy, 1AQ2 per cent; ruling rate, 2 per
cent; closing bid 1s4 per cent; offered at
per cent. Time loans slightly stronger
60 days, 3246I4 per cent; 80 days, 4 per
cent; six months, 412 per cent. Prime mer-
camille paper 51an6 per cent; sterling ex-
change weak with. actual business in
bankers bills at sI.S6 1904 $3.50 for de-
mand and at $4.S3. 1904 SO. As for 60-day
bills; commercial bills, $4.S2. 75@4.S3; bar
silver, SO c; Mexican dollars, 46c; gov
eminent bonds steady railroads bonds
irregular
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
DRS. DOzIER g. DOzIER's
MEDICO-sURGICAL AND ELEC-
TRO-THERAPEUTIC
INSTITUTE

INSTITUTE
11.h N. Twenty-frst Street
BIRMINGHAM, ALABAMA
strictly high-class institute for the
scientific treatment of all CHI ronic Nerv-
Gus, Blood, Skin, Rectal, Female and
Genito- Urinary diseases. Deformities.
Tumors. Stiff Joints. Cancer, Lupus.
Malignant Ulcers. rheumatism and
Consumption.
Hemorrhoids, varicocIe, Hernia ard
venerial Diseases or every name.
nature, form and character, are
also treated and a legal
GUARANTEE OF CURE WILL mn
GIVEN IN EVERY CASE.
Our equipment. consisting of walt
Violet Ray Static and Galvano- Farsa,.
kept Prescription Department. x-Rsr
apparatus. Super Heated Air, EIectrj.
Light Cabinet, Eureka NebuIizer ana
Ozone Inhalations for nose, throat ana
lungs. and a thoroughly equipped Sur
Fical Department modern and un-to-
date in every particular. give us a nre..
tige over all competitors In Alabam.
in our special line of practice.
Correspondence Invited-ConsuItetfou
and Examination Free,
Terms liberal and confidence held In
violate. Office hours a. m. to %. M.
/ Sundays a. m. to p. m.
A FEW OF MANY ENDORSEMENTS
FROM THE PRESS.
The Birmingham Ledger: Drs. NJ
zier are without doubt the best known
specialists in the SOUTH and their fans
is due entirely to their great skill
The Birmingham News: Both ORA
o. It. and Byron Dozier are reliable
and experienced physicians ana sur
geons, who deserve the great succes,
which has been and is theirs
The Age-Herald: Drs. Dozier's Ions
standing and approved abilities entitis
them to the proud distinction of stand.
ing at the head of their profession.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06

New York, February 5.-The dry goods
market rules quiet Cotton goods are
in slow demand The jobbing trade is
doing light business with retailers, but
the first of the large excursions begin
next week and some special offerings
will be made. Silk piece goods are very
quiet. Underwear and hosiery are being.
ordered in a limited way for fall.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
M eats.

Rib bellies, 7a7 .S5c.
d. s. clear bellies, 71aQlSc.
d. S. Extra short ribs, &c.
d. s. fat backs, SIC.
Smoked clear bellies, 1012c.
Hams-Smoked, 111eq121c; medium
101Sc: California, &c.
Bacon--Fancy, 1Sc; medium, 15c.
Lard-Leaf, 9Ac; compound, 7ssc.
Beef. GOTHIC.
Pork loins, Zoe; spare ribs, Slac.
Ham butts, 91ao; Boston butts, &c.
Shoulders, SIC.
Plucks, Sc; brains, Sc; beef livers. &c.
Pork sausage, SIC.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Chicago 'Change.

:, Chicago, February 5.--Wheat advanced
cent early today, but later lost the
gain on realizing sales and closed
shade lower than yesterday. Corn was
unchanged. Oats were u to % cents high
err Provisions were 21s to TX cents
lower
Leading futures We're as follows:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Ireasurv Statement.

Washington, February 5.-Today's state
ment of the treasury balances in the gen.
eral fund. exclusive of the $150,000,O00 gold
reserve, shows: Available cash balance,
$3.50, 454, PAS; gold coin and bulllon,1 SIS 035,-
ose; gold certificates $44,234240.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
New Orleans Cotton Futures.
SaIes High Low. Clos

New Orleans. February 5.-Cotton-
SHOTS steady: low ordinary, 1850 NOM
inal; ordinary, S5sc nominal; good ordi-
nary. 10 Lice nominal; low middling,
II n-1ec: middling II 13-16c; good mid
ding. 12Ac; middlng fair, 12%c; fair,
13ssc nominal. Sales, 1900 bales Receipts,
II $50: stock, 26S,423.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
aiding futures were as follows:

Cash quotations were as follows;
Flour-Firm.
e5c0s1 .06: No. 2 red. 93as@99Ssc.
Corn-No. 2, 5S@59c; No. yellow,
" oatsMNo. 2, 5olAc; No. white, 5oNc.
Rye-No. 2, soc.
Barley-Fair to choice mating s4qssc.
FLAX Seed-No. northwestern 81 Fly.
Timothy Seed-Prime, $40.
Clover-Contract grades, $l9.
short Ribs, sides-Loose. $6d6.S71a
Mess Pork-Per barrel $11.621aql1.75.
I,ard-Per 100 pounds, 81. 30.
Short Clear Sides-Boxed Sc. 25a65o.
Whisky-Basis of high wines, H.35.
On the Produce Exchange today the
butter market was firm; creameries, 22@
33c; diaries, 21@29c
Eegs-Steady; at mark, cases included,
211b01221sc; firsts 29c; prime firsts, 24c;
extras, 26c
( Enthusiastically, Hobo.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06

5.S1d: July-August, 5.76d; August-septem-
Der, 5.65d; September-October, 5.5ld; Oc-
tober- November, 5.4d; observation-disclosures
Der, 5.2s12d.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
EruIts and Produce.

Corrected daily by Douglass Bros)
Lemons-Per box extra fancy, $3.50.
Cabbage-Virg.nia. 11xc pound; Holla nd
seed, 11Rc pound; Florida. per crate. &. 50.
Onions-Per pound. PIC.
Northern Potatoes-Per bushel, CSC.
Hens-35c; broilers, 10Q30c.
Eggs-Alabama, 25c; Tennessee. 25c.
Butter-Fresh. 12h@l5c; renovated. SOC:
creamery. SAC.
Cheese-Full cream. per pound 1870.
Nuts-Erglish walnuts. 15c per pounds
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Flour. Meal and Feed stufrs.

corrected daily by Tennessee Mill Co.,
Flour-Fancy patent, $780, Nellie King,
$55 second patent, $5.25.
MeaI-Water ground, nc bu.: s6-lb.
bags, s1.55.
Corn-No. 2 mixed, 76c; white, soc.
Oats-No . mixed, CSC; No. white, &c
white clip, Csc.
Pure wheat bran, 100 pounds, SIS
Cotton seed feed meal. SIS, prime, VT
Corn chops-S0 pounds, s1.20
Corn hearts, 100 pounds, 81 SO.
Shorts-100- pound sacks. 81 80.
Hulls-so-lb c. g.. $3.50 ton; floo-lb C. o..
$12.25 to
Hay-Choice timothy. s29. No. l timo-
thy, s22; Johnson grass, SIG; clover mixed,
S22: choice green alfalfa, SIS.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06
Banks and Trust Companies.

Amer. Trust and Saw. bank ....165 2OC
B'ham Trust and Saw. Co. ....175 21(
citizens Saw. Blk. e. Trust Co... 70 9;
Commercial State bank 1ot
First National bank .............2 200 21t
Jefferson County Saw. bank. .225 25C
Peoples Saw. Bank & Trust Co-125 15o
Trades National bank ..........11O 125
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06

New York Cotton Futures.
Sales. High. Low, Close.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-02-06

Total sales fort day. 458sOO shares.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-08
The Bank Statement.

New York, March THE statement Of
the clearing house banks for the week
shows that the banks hold SO. 1885 more
than the requirements of the % per cent
reserve rule. This is an increase of SS73.-
900 in the proportionate cash reserve as
compared with last week. The state
ment follows:
Loans, 81, 1874 $40. 200: increase. s.. 2ef. 800.
Deposits. S,175. 200, 500; increase, $500
500
Circulation, 1915, 300; decrease. $751;
Legal tenders. s5S772 400; decrease, ST.
O7s,Ooo.
Specie s2s5, 2Ss, 200; Increase, s3s7o,5Oo.
Reserve. 1924, O61, 100: increase, g, s92, 500
Reserve required, s2ss, s25,125; increase.
Surplus. $50, 1875, s75; increase, sS7s, 800.
Ex, U. S. deposits, $4S, 1880; increase,
1864. 800.
The percentage of actual reserve Of
the clearing house banks at the close of
business yesterday was H.5S. -
The statement of banks and trust COM
panies of Greater New York, not men,
bers of the clearing house, shows that
these institutions have aggregate depos~
its of S7S9, 396. 500; total cash on hand, $751;
So. 400 and loans amounting to sTI2, ESQ.,
The Financier will say: The statement
of the New York clearing house banks
indicated a continued inflow of currency
from the interior. although the amount
of increase was somewhat smaller than
the banks decreased during the week 81
gu. 300 This item is declining rapidly.
which Is not surprising, in view of the
heavy expansion that took place in cir
culation during the period of the late
panic. The summary of state banks and
trust companies in Greater New York not
reporting to the clearing house showed at
the close IF business Saturday an in
crease of s., 939, $50 in loans, an increase
of less than a half-miiiion in cash and
an expansion of Sc, 5S5. 500 in total depos-
its. The deposits of the combined fl
nancial institutions of New York, count
ing clearing house and non-clearing house
members. now closely apprOximates ST.
S00.000.O00. The legal reserve of the state
banks outside the clearing houses is 23.5
per cent. and the reserve of the trust
companies is 2S.e per cent. Government
deposits in national banks fell off SS76. 600
during the week. this item on Saturday
standing at $54. 474 100. a decrease Of about
81. 10000 since Dec. Is last