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Show FIIIII CUES ILLY ACTIVE Holiday Business Gives- Increased In-creased Demand for Cash in Various Lines. BANK CLEARINGS BIG Flurry in Harriman Securities Only Slightly Disturbed .Local Market.. . 'J'horo.'.waa no features worthy of special note in . local financial circles during tho Inst IVIiftlr Tncrv mnrlral "I n r- n ported at normal by bankers and financial finan-cial leaders and all channels of trado were swelled materially by the Increased volume of holiday business. A number of sales wero mndo In local securities, with a fair demand for dlvldond-paylng stocks. The ban: clearings for the week ending end-ing yostorday amounted to substantially more than eight millions of dollars and will continue to Increase until after the final msh of Christmas shoppers. Deposits are steadily Increasing, according to bank reports, and tho Indications are that tho total amount shown to be on doposlt in local banks at tho end of tho year will bo greatly In excess of last year's figure.!. fig-ure.!. Money Slightly Tight. There was a normal demand for money, especially for private Investment, and. while tho great majority of theso demands de-mands wcro mot by the banks, there also appared to be a tendency In several of tho financial Institutions to bo more conservative In their loans fo Individuals, interest ratca remain unchancwi. Tho new National City bank on State street, between Second and Third South streots, Is fast nearlng completion, and work on the new Farmers & Stockgrow-crs Stockgrow-crs bank In tho old Wells-Fargo hank stmcturo on Main street will bo commenced com-menced at once, It 13 declared. The promoters pro-moters of the latter Institution will incorporate in-corporate December 2S and the bank will be opened for business Januarv 15. Considerable Interest In local financial circles 13 centered upon what effects th g-unronio court docislon dissolving- the Inlon and Southern Pacific railroad coin-panics coin-panics merger will liavo upon national Confidence Prevails. In New York, it Is declared, securities have fluctuated widely slnco tho announcement an-nouncement of tho decision, while Union Pacific stock dropped almost to $150. Howovcr, tho general opinion prevails that any eifects produced by the dlsso-utlon dlsso-utlon will not be vitally folt In local markets. mar-kets. Bankers here are rather of the opinion that no permanent harm will be caused anywherc.- Tho properties of the railroads involved in-volved cannot be moved, disturbed or destroyed; tho most that can happen will be a change In management, it Is declared, de-clared, wn c tho segregated parts of tho system will remain friendly, slnco their ownership will llo palpably in tho same interests. A heavy foreign demand for wheat, corn and other cereals, and for the surplus sur-plus manufactured products of this country, coun-try, has kept prices up and made the market strong. The Unsettled question of tariff revision has contributed to un-aottlo un-aottlo bonds and stocks In the east. The general outlook, however. Is prosperous. |