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wreckers declared, with curious ignorance, tl the banks had suppressed the details becau they did not dare to show how the different stitutions stood. The statement, when compar with that of May 17, shows a remarkable shi ing of accounts during the two weeks of excit ment and disaster. The Metropolitan had 1 $5,600,000 deposits, but was in a much bett condition than before; one other bank had lo $1,600,000, another $3,000,000, and thr others between $2,000,000 and $3,000,00 each, these being mainly banks having a lar number of accounts for banks in the interie On the other hand, the City Bank gain $4,200,000 in deposits, the American Exchan $1,300,000, and ten others smaller amount showing, in addition to the withdrawal of co siderable deposits by the interior banks, a shit ing of important accounts and an extensi liquidation. The stocks formerly held by soi banks in large amounts have been turned in cash, while the deposits of large customers other institutions have been invest in securities at the unusually low prio reached a week ago. In general, though sor of the banks hold less than the 25 per cent 1 serve, the condition is decidedly better th vague rumors had led people to suppose, an with the effective union of all the banks, and improvement in the tone of the market, t prospect is much brighter. Though sor money went out of town, the only thing neede even at the worst, was proof that the banks h full confidence in each other. That was giv in part by the agreement to unite forces ai issue certificates, and for the public still mo effectively by the publication of the detail statement on Saturday. It must be conced that the action of the banks in this emergen has been generally worthy of high praise. The stock market is evidently in strong han again. What immediate movement may S1 the chief manipulators it is of course impos ble to say. But the fact is that stocks ha been purchased in large amount for inve ment, and have thus become more searce in : Street than they had been before for a lo time. It is reported that a large shipment gold will arrive from Europe this week lar sums have certainly come in from the interi in payment for securities taken away. If bad news comes to disturb reviving confider an improvement in prices seems probable. B the people who live on public calamities ha strong hope that the frost, or the flood, or soi other great disaster to the country, may y help them out. The frost has done great damage in a f Eastern States to vegetables, but it does 1 appear to have reached the corn belt at all, to have harmed any of the important croj The floods in Arkansas and Louisiana ha harmed cotton within a limited area. as ha heavy rains in part of Texas, but the tone of t market, which has been declining, indicat that those who make it a study do not consid the injury important. All evidence points to large yield of wheat and corn. Perhaps t most decisive indication is that Chicago ban are generally refusing to loan on wheat, clair ing that three years is long enough to car it, and that it would be better for the tra " to let the price find its legitimate shippir level." If these views had been acted up long ago, the country would have been rich than it is. A similar feeling was manifest here on Saturday by S ome banks in regard long contracts on cotton, and the number notices issued was unusually large. It is healthy sign that speculation generally seer to be halting as one dispatch from Chica abserved, Operators have concluded to qu the deal until the market is in condition whe they can use some judgment." Sooner or late it will be recognized as the part of wisdom quit the deal always, when the markets a not in such condition. The railroads are never quite at peace who the traffic is too light to keep them all busy, b they are nevertheless doing a fairly large bus ness. The assertion which has been 80 oft made that at a 15-cent rate the roads haulir grain from Chicago are actually losing mone on every bushel taken does not impress ti public much, in view of the efforts made by tl roads to get more bushels to carry even at th rate. A change in the wheat movement, hoy ever. would be of great advantage to the rai roads, as to the country generally, and such change is to be speedily expected, if no serio injury occurs to the growing crop. Economi on the Union Pacific are stated to have sav $98,000 per month in expenses, and the tran fer of the Wabash to the control of a receive as explained by its friends, is calculated to pe manently benefit the company by chopping unprofitable leases and contracts. The repo that the company is about to begin a war rates is officially denied. The convention this week is likely to have large influence upon the financial prospect Business men who never vote the Republic: ticket, as well as those who do, understand th Democratic success in the Presidential electic would mean a prolonged agony of uncertaint if not a financial earthquake. Hence the non nation of a candidate deemed likely to be d feated, irrespective of his personal merit, mig affect business interests unfavorably, at lea for a short time. But the nomination by t Republicans of a strong and probably invircil
