New-York tribune., 1880-03-01
THE MONEY MARKET.
SUNDAY. Feb. GER. NJ.


weeks in the result Of comparison oi the
ona .vr,rts a. New-YOrk with the corfespohol"'
,,.ooI,. of nrrvious years. The imports VIZ
60 ZOO 600 greater than for the same "eeN "
Willie the exports were 81 10000 less than ioi INV
.aoe week of last year. Since January 10 "','
the imports and exports OF merchahus0 ~ '"'' '''
for three years compare as follows: 1000
rSasr. s%as aofe Fs2 s7Sss5 Sss55 ss9g53 s355
ExpOrs to le3 - a. eG3 a3 $O7 .......... .. ..;
Import over cxp.rts ........ L9ioo'o -"'0,''''
The demand for exchange to remit Iol '"'
years exces. OF imports has hardly o'ehn' Du' II
ronst be felt during the coming month. How tha'
demand is to be supplied an Interesting pTonleih'
aud one that must exert an important influence
,,ron our local money market Is the dehch 70 "'
srrnlied by immediate and largely increased ca
norts of merchandise, by an expectation OF Ain'i'
can securities or by gold shipments Inc "cS''i"
and Eastern exchanges continue 10 Iu'o 81
AGAINST New-York that currency Is coii"
leaving the city. rate for exchange o" Ne" i''''
NJ Boston of 10 cents discount per 91'VVV' NV
loo,, for over ten days, IS alnOs unprecedented
"a arc aso rates of 10 cents 10 81 u'S
conpt at Chicago and 81. LOUIS "t ,hIN
seoson of the year. Yet II Is noted tl''
,,,,st all +bcse real and possible adverse Hhu-
opccs n,uch dependence is placed upon the Secle-
tqrv of the Treasury to keep money easy IN New
York But this conideDcel IN the Secretary Po"''
as well As in his disposition, seems TO oNeIlo"h 'e
fact tba; the Treasury now can only eApehu us
reyenue; that before 1t has funds with "ilcn 10
n,,rcnasa bonds. those funds are first TO be drawn
from the market, and if they were expended eacn
dav ~ received it would Only leave the money
,na,,,et Is. The Treasury cannot fiji the y"cu-
mn, caused BIZ shipments of currency to the East
and Wcs,. nor that which possibly may he
mad, by gold shipments 10 Europe unless
DRAFTS ars made upon the sum OF coin
and bulljon which is held as reserve
AGAINST the outstanding legal-cnder notes Ana 20
do the latter would be to ieopardz" redempiloh' -
view of these fact, it no just TO the secretary 10
encourage cxuectations that 1t may be iinPoSS'o'0
for him. with duo regard 10 the permanent ih'er-
est of the Treasury and OF the conHVI0'"' O
uitv TO give effect to-
.Ib. ,,oeLi, hank statement scoms 10 have proved
adisaop,iotnent q nj some quarters, ana there Is
disnosition go ascr be the loss Of 81 IOu h specie
and locll-.eudcTs to an artificial locklhS-up o.
funls This in view of the facts, would seem 10 uc
awful effort at sclf-decepton. FIRST II was almost
certain chat the statement ot week ago was lh""'
OF declining averages; second, Inc SHn- iI'"s"'1
ca,roa @217I72O coin during Hc week; ana
finally. Che shipments Of currency TO the INFERIOR
were sufficient not only to account for the banks
los or 81 357 500 .e.al-tcnder~. but also for the
Su5-Tr.as,ry's los, of 1881 DAP curcucy he not
able f.atrre of thc statcmcnt is ia the iurthT cA-
pausicn 4 - l5l 100 IN loans winch brings tine
totalu, .o ~293. 81. 600. The statement pg"b'".F
Is suaar i. iln- averages i0t reserves NA' 'i'
given AZ ~ I~f 800. and wicA amount II - ,'r,lt
excecd<t ..uai at jhe Close of bI-iuess on Friday
by at .e.> &1.0oO.OOO ..
Ihr f1i.o,,i ARE tAe comparative to'3ls oI 'ht
safrl.,l...,.. February y and February -
Fen es, p %, .,o Feo e., Iso Incl nia''spI''S e.
eaaa.' l553ii 5i 5o 7;d idq55 500 55 BsS Dec
C1cdauoo ...... 2l4o2,2jo Nl74voO Dec IV-'-'o
TIE ,oi. wing shows tle rel lt.on between the
tDtalr.s.ire and me total deposit liabilities;
ar. 5ese,-23l5o 5ee 2li s-EE.i'is--sio Dec s5.4-Ea o
Ifcg,lt. a,..rs.. l55ljjoO lllGs,Ot0 Dec l5a7,5o'
ro,a,r,.crv,.. 3d. ,3o27oO s7i5slsoo Dec s2.sllico
AssSias sssias. '5is a,,..is o7,sooe5o c77522oo
surppsofres'rve
Sg,TrmenisM M s74o245o s3,S2s.loo Dec s5.66i95o
Compared vi,h that of the corresponding date
of 1870 the present statement shows; Loans
increased ~iGS2S 700 specie increased
S4O.956 800; .gd-tenders decreased - 'Ioo,ouo;
deposits l.c,-e-,d, J1.oo3lQO; cIcu4al--93h- M
creased sri q. 900. The total reserve (r' I,'Nl L.
400 now is 2jll per cent Of the total oepos F.
against 21.75 la.t week aud 2"oJ Tor HaI'h L.
Ttc S.,... r,chauge markets were fairly active.
tnt file rau!-. 81 prices was marked by 40 lite
irreoui.,.-. B.cusc MundaF was observed as -
close lo N the bus ness O This We k ci@dcN "iit
five Ggv~ or Government bonds the sales an iir
Board, amounted only TO Tio3J 900, "0ai"-'
S5O12 600 lur IIc preceding .cE. JAe iitt,hI,
on Wcllt. 9f accepted c2.oUp.NJD .u h mos oH it FL!
instead OF $ / 600 600 advertised for Whch had thr
been weak at declines III from j 20 = 0tI cent.
The following are th- hlghcs' and lowe prices OF
bonds f1. the week. anu the closing sales saturday
aud a Ncch 40;
Hicar,'. I@,c,, fob ~ ie, -.
=