The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1916-01-31
S9,4OO,OOO GAIN IN
THE CASH RESERVE
Total Earnings Assets of FEDERAL Bank
ing System Decrease About


ASbANGTON Jan IO.-Galns Of So
100000 In the total cash reserves and
- .lvO.OOO I'm the combined gold reserves
OF the Federal reserve banks were an
nounccd by the Federal Reserve Eoad iu
ON u 2s.
Considerable gains IN gold holdings are
sep9rted by New York. Chicago. Atlanta.
st Louis and Minneapolis. Decreases in
Euld reserves are shown for Esaton
Philadelphia Cleveland and Richmond.
Ioial earning assets OF tho banks de-
creased about 1.J0u.UOO FOR the week
ana constitute al present l1B per cent ut
me total paid an capital compared with
- per cent Tor the preceding week. and
about 10 per cent about six months ago.
Bills discounted on hand show "a do
crease OF more than $1,000. 600 as the
result OF considerable Liquidation Of
paper reported By tho Atlanta. ChIcagO
and Kansas city banks
Acospeances Decrease.
IHllas - the only bank which reports
a suh1LAhtiAl increase IN tho amount OF
commercial PAPER hold. Accsptnnr.s
On hand decreased about $1,000. 600.
nearly all the banks reporting smaller
week before.
OF the total bills on hand. acceptance
constitute at present H9.4 per cent
N'"S % I,r cent or The paper held
hy the banks natures within thirty
Gays and about 30 per cent after thirty
guy Wlihln SIXTY days. More than So
"uo.ouu of all bills on hand was arri-
cultural and live stock paper maturing
after ninety days. Dallas and Atlanta
class Of paper.
Tho total amount 81 warrants on hand
shows but lttke change since last week.
Minneapolis being IN. only bank 90 re-
port a substantial Increase under this
head 4 total Of Sl.loo.uoo of United
states bonds. largely OF the % per cent
and 4 per cent werH purchased during
ihe week 10 i've banks. or the total
earning assets bills discounted consti-
tuto 2S.3 per cent. bills bought in the
open market. 80 per cent. United
states bonds. 22.5 Ter cent. and war
Government deposits declined from
t-NInU.uuu to S21.Nu0.0no. the southern
banks reporting about O. per cent of the
total .N't reserve. deposits increased
about 100000. all tho banks except
Boston. 81. Louis ana san Francisco
reporting LARGER figures than the week
gain ~ S5.200.0oO IN m bank dc
posits.
Federal reserve agents report a total
or S-lN.3Ou 600 or notes outstanding. a
decrease OF Fl.fUU.uuO since tho precpd-
ing week. Zone Of tne banks except
la'huond called for additional notes.
while three banks returned notes for
redemption.
As the result The agents report a
banks show a total of size 100000. or
So 100000 less than tho week before.
Lh,lr asgr,sate nahiliti.s upon clrcu-
10 additional FOR tho Erie. The 10 for
the Erie viii be built ny the American
locomotive Company. 4 similar order
was placed 10y the Erie with tho Bald
win Locomotive Works iu tH. week
previous. Contracts rrc stIl pending
for about so locomotives, 10 OF which
are for export
The contracts for fabricated strur-
tural steel for buildings and bridge
work were the smallest Of any week for
many months. only about 1000 tons
OF structural shapes are required hy fh.
orders placed. Tho largest single. con-
tracts closed last week were 1000 tons
for e. carpenter shop rUr the Detroit
ntou Railway. 1000 tons for car floats
for rho Morgan, Louisville and Texas
hallway and Steamship company and
200 tons Tor two adjoining buildings TO
he constructed at Airlny. "details OF
which have already been noted.
Although the volume Of business in
iron and steel products last week was
relatively small. preliminary returns for
The month are more 'ucourlEiuA Af
me same time the effect OF fh. high
contracts is more apparent as the month
closes. These conditions are likely go
have even "a greater bearing upon luei~
ness in tho next few weeks. The trIf-
Tic situation IN she eastern territory
is also n serious handicap f1 Industrial
eomp'nies' car ~ Me-" England
The export movement. on least $50 fur
a9 new purchase arc concerned. re-
] crived On sever, check lu january The
I waud FOR steel for maxine war muui-
. tons being sflil urgsuT. although ruu.
tracts are being negotiated more tHur
fIuueIT or or Ifurf more r.".r.tl. ".
than during rho latter holf OF i'I.
Some very large TrusTsrfI.s contracts
ar" held IN a%heyanra because buyers
n-a ende1vnrIur fn purchase at 81 OPP
tf n ton under Tho asking prices 90