New-York tribune., 1876-06-02
NEW-YORK DAILY TRIBUNE, FRIDAY JUNE z, 100.

tender reserve to 23.51 per cent OF deposits
the legal tenders having increased So, 3,6OO, 6oo.
From this fact, without the aid OF the weekly
dispatch regarding the Treasury operations and
balances. it would be inferred that the de-
posit of legal tenders for surrender OF bank
circulation during the week had not exceeded
the amount released by retirement OF bank
notes, and the Treasury statement shows that
only S4O2, 900 in bonds deposited for circula-
ton were Withdrawn during the week
For reasons which are not yet apparent, the
surrender of bank circulation has been only
about So, ,OOO, 900 during the month, although
the gold price of nearly every class OF United
States bonds is as high as it was month ago,
when the surrender was very rapid. On the
other Land, through the moro vigorous
operations of the Redemption. bureau,
the retirement of bank notes has be-
come very much more rapid, so that during
the month the amount retired has exceeded
the amount of legal tenders deposited. In this
city further decrease of $53,5O0 in bank
circulation has been effected, and the total re-
duction since April 30 has been $2O3,6OO.
Deposits are still over six millions larger than
they were at that time. The great feature OF
the return, however, is the decline OF loans to
S251, ,792, 700, an amount scarcely differing
from the average reported April 20, which was
lower than any other weekly average since the
panic. Following is tho statement of Satur-
day, in comparison with those of correspond
ing weeks in previous years:
May27 1876. MAY 90 1875 NAV 20, 1874 May3l May I873
sfScic i7sss5Oo litSgeOo 26o22$9o i9ts29oo t32 600
3 1872 SS as5adsS s5saSS9 28 5ysl$$oS loe
crean lGG59@2G9 200 ig22i .S 100 a3asgg 3Sng 455toSS
Bank clearings in May have been little
larger than in April, Notwithstanding the fact
that sales of stock have been smaller than
during any four successive weeks for more
than year. Tho large dry goods sales con-
tribnted little to the aggregate OF transac-
tions, and in some branches of manufacture
moderate improvement Is noted. Foreign I'M
ports were $21, 800, sos during the four weeks
ending Oh Saturday, and $2S,32O, 405 during
the corresponding weeks of 1879, while dur
ing April the imports were $3l, ,927,473 In
1876, and only $35, 1915 in 1879, show
ing q larger decrease IN May than in April.
In domestic exports, also, there was an IN
crease in April, 1876, compared with April,
1875, but in May to Tuesday of last
week the aggregate has been only $17,696,-
0G6, against $4,000, 800 during the same
weeks in 1875, and $22 ,95l i'll 1874.
Obviously there has been considerable I'M
provement IN receipts of domestic products at
this poipt, and in some branches of wholesale
trade, but one year ago the Improvement in
Nav was decidedly greater. Hence the aggre-
gate of bank clcarings for the tour weeks end
ing Saturday has been 81 ,505, ,421 ,7S1, against
81, 49, - thn la In
year, q decline of % per cent. In April the
decline was about % PEE cent, and IN March
about 1S per cent.
1t is worthy of notice that there has been
similar shrinkage III volume of business at
London. The London clearinghouse returns
for the ton weeks ending May 10 compare as
follows with those of the corresponding weeks
of 1875: