Elk City mining news. (Elk City, Idaho) 1903-1913, 1913-05-15
GENERAL TRADE CONDITIONS
Loans Increase at New York-Briqht
Outlook in West.

OUTLOOK in West.
The Financier says:
Special bond and securities finan-
cling, as well as borrowing on COM
mercial account. increased the loans
of the New York clearing house banks
to the extent of $39,174,O00 for the
week ended April &c.
This heavy expansion in loan COM
mitments. brought out a correspond
ing increase of about the same
amount in net deposits and increased
reserve requirements by over $4,000
900. The effect of the gain in cash,
amounting to $4,018, 900 as a result of
the movement from the interior, was
not nearly sufficient to overcome the
larger reserve requirement and as
result the banks reported decrease
of $5,940, $50 in cash reserve, the pres
ent surplus above the 25 per cent min
imum standing at SIS ,145,70O. These
figures are based on the report OF &C
tual conditions at the end of the
week.
The statements, compiled according
to the system of daily averages, did
not show changes quite as large, the
surplus reserve in the average state
ment standing at $16,435,3 300. The
trust companies in their statement
made independently of the clearing
house, reported an increase in loans
J of $6,000,000, gain in cash of nearly
81, 100000 and an increase in deposits
of $1s,75O,00O.
special movement of gold to Can
ada set in during the week as result
e iof the opening of navigation and the
( outward movement of grain and it is
= expected that the Pacific coast viii
= soon be drawing gold from this cen
+ ter.
Dun's Review says:
: Notwithstanding the recent mod
crate reduction in trade and indus
= trial activity it is significant that con
;, fidence still prevails and in the ives
and south a spirit of optimism is man
ifest as to the future-largely base
upon the fine crop outlook for bot
cotton and wheat-which contrast
with the more conservative feelin
v that exists in eastern centers.
@ The work of recovery from the e.
l. fects of the midwestern floods is Pre-
6 crossing and this gives increasing RI
lief to business. The tariff readjus
ment continues to inspire caution i
u the trade circles more Immediately a
u fected, but the end of uncertainty
l. now not far distant. Weather cond
e tons are distinctly better and thi
u gives an impetus not only to buildin
+ operations, but also retail trade an
y real estate transfers.
a. Money conditions are easier both {
lie home and abroad, and while there
IS some renewal of anxiety regarding tt
% Balkan situation, international cond
I. tions as a whole are much less di
D. turbing. Pig iron is somewhat mol
+ active. but at lower prices. The ire
and steel mills report business as fl
" ly up to normal.
/ Textile lines show some aDatemel
,e in activity Lumber is more acitv
A Trade in anthracite coal is larger R
r ports from the leading western al
q. northwestern cities are very cheerf
of in tone and the advent of more Sc
ct tied weather has resulted in larger I
81 tail activity.
H. Interest and dividend disbursement
o in May will exceed $1O6, 900
r.. considerable increase over last yea
n. Bank clearings this week showed
al loss of 2.7 per cent as compared wi
70 1912. Railroad earnings in the fiji
two weeks of April were IL per ce
under a year ago, which is an effe
of the floods.
Foreign trade at New York amour
ed during the last week to $34,600,1.
Is against 42,73s,711 in 1912. Comm
is. cial failures this week in the Unit
ce States are 3O7, against $40 the cor
as spending week last year. Failures
Canada number 46.