Rensselaer Semi-Weekly Republican, Volume 21, Number 97, Rensselaer, Jasper County, 24 August 1900 — COMMEPCIAL FINANCIAL [ARTICLE+ILLUSTRATION]

COMMEPCIAL FINANCIAL

New York— Upward of $20,000,000 ia gold has so far gone out of the country, on account of American subscriptions to the English exchequer loan. Funds on call have been in abundant supply in Wall street at rates ranging from 1 to 1V& per cent, while time money continues to be freely offered for the rest of the year at 4 per cent. The demand for money is showing some improvement, but the available supply for loaning purposes Is still so large that the best judges of the situation can see no reason to fear anything ( like a stringency within the next few months. The deposits of banks all over the country have been increasing at an. enormmis rate, and taken as a whole the banks probably never have been in a better position to meet the usual fall demands for crop-moving purposes than they are this year. Chicago—Grain markets were dull during the week, the absence of speculative activity being to some extent due to the declining tendency of the price of wheat. It requires a different direction in the trend of fluctuations to interest anyone but the regular traders, and they were somewhat restrained by the irregularity with which those who. live outside of Chicago received information of the momentary variations in prices. The weight of the great crop of winter wheat grown this year in the Southwest Weighed upon the spirits of the bull traders, and in despair of any change in that respect within the compass of a month they threw their holdings upon a reluctant market with the result mentioned. Corn was firm, receipts being small and shipments heavy. Manipulation having been invited by the insignificant stock of contract corn in Chicago, and the apparent reluctance of country holders to part with their reserves of old corn at current rates, there developed an anxious demand from shorts for September corn that stopped a previously declining tendency and turned it id an upward direction.