Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-12-09
BANK SURPLUS RESERVE
DECREASES s53,O77,s4O
Loans Also Less, but Demand De.
posts Show Gain of $751;
713,OO0.
PEACE TALK AFFECTS STREET
Declaration That War Would End
by January I Recalled and Is
Credited in Some Circles--Drcad
News OF First Big Les.
BY BRoADAN WALL.

NEW YORK. December S.-Thc ac-
decrease in surplus reserves OF s53.oI7:-
$40. decrease In loans of SGS.317.000.
ana an increase in net demand deposits
showed AN increase in surplus re-
serves of :5.S75.Ss0. nm increase in
loans Of s2S";s49.0oo; and an increase
OF net demand deposits of sI4.455.O00.
Such little interest was taken in
the market that only 10000 shares
changed hands In the two hours. There
were no price changes OF importa nee.
except in Brooklyn Rapid Transit.
which broke TO a new record. Cnitel
record. Mercantile Marine displayed
strength. but. owing TO the light
volume OF trading. no attention was
Peace talk prevailed III the street
and traders were reminded OF the opin-
ion expressed several months ago By
banking house that the var would be
over before January l. The peculiar
feature OF that opinion was that IL was
expressed privately and confidently by
who presumed to entertain such AN
opinion. The result ~ that the Street
may have to be considered rs stock
market factors before long.
Traders were kept out of the mar
kct by II report published carly. in the
dag of IA marine disaster in the war
zone. imagination OF the street got
husy. and there was great relief when
pcdo boat destroyer had been lost
Great az was the sentimental iinpor-
lance OF the loss, it had no right TO
be considered AS an important stock
market factor. Neither had the an
nouncemcnt that 1000 collins had been
sent TO Halifax. These things did hurt
tho market. though. by causing great
depression a. mind. For that reason
bankers dread the FIRST really important
loss OF American troops that they be
lievc must DC reported sooner or later
matter OF course.
Railroads were ALI heavy. but not
active The proposition being discuss
ed at Washington 10 lend the railroads
81 .0o0. 100000 for 1915 Is regarded by
Wall street AS bcarish on the stock
practicable some OF tue persons are
who haNc charge Of expenditures 1t
would be physically impoSSinle ior the
QGH.ho6.00o in one year.
Oil stocks were not Influenced By the
announcement of a great increase in
the exports OF gasoline.
SEW YORK. December ,s.-Thc superficial
aSc"eded 1900 shares. the smallest total
of any aa ;,v Of ,hG 'c wr,o entirely omitted
from rsdnE i,;t onsra'?ps sh ,Sw not
y,rihy price nnanset Tepressn,ec li,,,e ei.e
,aan the usus! weekly settlement OF CUT
.sHSsd os ,o04 S ana,
Brooklyn Rapid Trsnst's decline Of ~
POINTS to tn new low OF 2s&. furnished ono
or the days incidents: likewise American
Sugars advance OF points,
Actual loans OF the clearing house banis
decreased by slightly than $500. (hl.
reserves also contracting by sj3.och.o9o, The
strength OF francs H.s the only feature IN
foreign exchange.
Further wrHWness IN French issues I'm
rarted heaviness to the genera! bond list.
Liberty IS from rs 10 :7;5+. and the 2i:,
I .G s sst to ssG !a oaes OF bonds par
United States bonds old issues: were IN
changed call during tho week.
NEW YORK. .Dsssmher s-Merca,n,,ile
sLtli.: commercial s!xty-day bills on banks,
sIn: commercia! sixty day bills. st..oi;
demand. sL15i.: cables. 81 15T-is Bar sill
rcr s5'i: Mexican dollars. e5-. Government
bonds. nm: railroad bonds. heavy.