Show TOO 2IUCE MONY Unprecedented Accumulation of Idle Capital at I e York New York Jan HTho weekly l bank statement shows the following changes Surplus reserve Increased 4732700 Loans Increased 3C42200 specie increased in-creased 4742500 legal tenders Increase S 2221300 deposits increased 8924000 circulation cir-culation decreased 25100 The banks now hold 2S263073 in excess of the requirements of the 25 per cent rlThe The Financier says In the face of a continued demand for funds the New Yorl bank are gaining cash and adding to their reserves In large amounts It had been anticipated that tho banks would show a gain as a result of the past six days business but the ret increase in-crease was much larger than earlier calculations cal-culations called for The steady gain in specie reflects continued receipts not only from the west but from other points a well In fact the gain is exclusively from outside shipments since present operations opera-tions with the treasury are resulting in wepkly losses to the New York banks The expansion in loans coming after the decrease of the week ending Jan 7 is only logical Stock dealings are on such an enormous scale that borrowing on collateral is resuming the activity noted during the close of the year It is not probable that the loans represent sterling operations a under present circumstances circum-stances liquidation Is more in order than expansion orer ihe heavy cash receipts coupled with the loan increase are responsible for the addition of nearly 59OMOlo to the deposit account and as Increased reserve requirements require-ments necessitated an addition of more than two and a quarter millions to that fund the gain in excess cash was only J4732700 The surplus reserve is now t 23 253075 a amount larger than has been reported since August 20 last when reserves re-serves were 35 jOCCO less and loans nearly 45900000 beiow present totals As the movement toward New York is likely to add heavily to geK already llJf cash I here it Is only natural to anticipate an easymoney market for a long time to ome accompanied by continued stock exchange transactions on a larger scale Of course unforeseen cash may operate to check the activity now so prominent but events seam to favor indefinite expansion ex-pansion With money abroad approaching our own level gold imports talk has subsided sub-sided I is an interesting commentary on I present conditions to note that the clearing clear-Ing house banks while making new records from week to week in clearings and everything else have yet moro Idle money to take care of than they themselves I them-selves like to see Leans Exchange and Silver New York Jan 11 Money on call steady at 2 per cent Prime mercantile paper Sfe3 per cent Sterling exchange firmer with actual business in bankers bas at 4S4fe iS5 for I I demand and at 1S1 4S1 for 60days I posted rates 4832456 commercial bills I f 181 e 4S S commeral bis Silver certificates 59GO Bar silver I 5y Mexican dollars 4H S The Metal markets New York Jan 14 Pigiron Steady southern 1025 < rll 75 northern 1095Q1225 Copper Firm brokers 1425 LeadStrong brokers 352 Tin Plates Firm 32y Pacific Coast Grain Mrke San Francisco Jan 14Cash wheat 101W Portland Ore Jan 14 Wheat Walla Walla 59c valley Glg62c bluestem ISo Tacoma Wash Jan 14 Wheat Club SOc f bulestem C2 < t Chicago Live Stck Chicago Jan 14The demand for cattle today was of a restricted character but the limited offerings prevented any decline de-cline in prices Fancy cattle 50J600 50Q60 I choice steers 5403576 medium 4755W beef steersj 375ii47Q cows and heifers 3334pO western fed steers 4005GQ Texas steers 3COE490 calves 4W710 There was a big run of hogs and prices I started on 2J o cents lower Packers and eastern shippers bought freely and the early decline was fully recovered I Bulk of sales 3GO372 fair to choice aes Ir 3GO377 packing lots > 45f3o7 mixed j 300r365 butchers 35032 lights 345 I 5267 ½ pigs 30345 I 1 The limited offerings of sheep were well taken at yesterdays prIce lambs being salable at 4006W sheep 250425 yearlings year-lings 40C455 4000 Receipts Cattle SCO hogs 26003 sheep Imports and Exports j Now York Jan 14The Imports of dry j goods and general merchandise at the port of New York for this wpak were valued at S919C91 The imports of specie this week were 15915 in gold and J772C5 in silver Exports of gold and silver from this port to all countries for this week aggre agge gate 103SS6 51010950 gold silver bars and coin and Coffee and Sugar New York Jan 14 Coffee Options closed dull at net unchanged prices Sales 230 bags including March 5G5 Spot coffee Klo dull No7 invoice C No 7 jobbing 7ii Mild Quiet cordova 7tiO 15 Sugar Rav dull and unsettled Fair renlng 3 1310 centrifugal 9Gtest 4 516 molasses sugar 3 916 refined quiet II mould A f VI standard A 4 confectioners con-fectioners A 4 cut loaf 5 crush fectoner S J cdj 5 powdered 5 granulated 5c cuoes 5J I |