New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-09-20
THE MONEY MARKET.

exported from tilS port lor Ncch chucu LUIS
day. September ii C$s.7ls,370), was $7O2271
more than the values of the preceding
week; So, sol ,222 more than for the same
week of 1879, but only $G30,543 more
than for the week of 1873 The result of the weeks
movement adds $4, 052 l72 to the previous balance
against the port on the business OF the year. The
value of the merchandise imported into New-iork
since January / to date is 1349S3,334 ana
1853 1894 more than to the same dates OF 1919
and 1878, respectively. On the other hand, the
values of the merchandise exported from the port
til year to September IA show an increase over
the exports to same date. 1870, Of S564lo.9O4
and over the exports to same date, 1873,
of only $44.667.O55. The following table
shows the total values of the exports
and imports of merchandise at New-ioik,
and the respective balances for and against the
port on the business since January l to date for
three years:
s s s sss ;ss9s
Imports 2O5'2l6slS 22S'7eo'sso SoS''''i'
ni Imports + $50: ss,slooli a4s7o2o
imports IN eAcess - 75O095lO
The imports of specie and bullion principally
gold) for last week amounted to S4.lO64S2,
making total since August of sol ,4ss,OO7 and
since January 1 of $26 70O,275. The imports and
exports of specie and buion at this port from Janu
rmDor. ..sls is3ss ssg1SIssgslg s2e5sS2zs
imports exports 45SSsiS i95s6o7 2050oS5S
The foregoing statements show that the foreign
movements of values other than OF securities on the
business since January l leave balance against
New-York this year of $9G059.olS, against a
balance against it at date 1879 OF $lG,OS36S1
and against balance at same date 1873 OF
500, 23O, 49S in its favor These figures seem to
.l,a oko fnf ha
changes comes it will be sudden and decisive.
The changes shown by the weeks bank statement
are important only in their character. With the
loans the preceding week amounting to
1913 100000, q further expansion even Of
SlO7 300 was not expected. During the week the
supply of gold was added to by Treasury payments
of SO. S74,5S3 for imported foreign gold, and by
about 100000 of imported American coin. Yet
tho banks specie increased only Sl||,oOO.
The Sub rreasury's payments in currency exceeded
itsreceipts by the sum of$S H. $50 andthe bank state
ment supplements this amount by loss OF S43O.oOO
legal tenders. The deposits are Increased I4l3oOO
more than the amount permitted by the other
changes Although the surplus reserve now held
by the banks is $500 175 greater than it was at the
same date of 1879, the percentage to the deposits
is now 1900 less than ii was year ago. The
total average reserves for the week-specie and
ACKNOWLEDGEMENTS reported at $S0,O35,O0O, or
81 : C63. geo more than the amount held at the
same date III 1879 but an increase of $54732,5OO
IN loans raises the deposits that now the 20 per
cent rule requires reserve OF S74,732l|o against
S57, OG7 $50, the sum required year ago. The
weeA's movement results In loss of S30o.OoO TO
the surplus reserve, and leaves it at S5,3O2.o21,
AGAINST 81 9O3 $50 at the same date OF 1879. The
following are the comparative totals of the state
| men,s of September IL and September 10:
s5 f?g4 go ~ Inc Daf!s2$s,
9s$4S$o9 9% S5l7SU b %c 4$6SS0
Deposits 20 21sSZs go b ec 1oo
The following shows the relation between the
| total reserve and the total deposit liabilities:
sep, % s 5SDs 1s 800 Inc s ein@RSso
5o5SS Dec &SS
nsSs sSS 5s gs 5s5s3 Bse $3.50 $3.50
Compared with that of the corresponding date OF
1879 the present statement shows: Loans increased
S51 732 800: specie increased, SAC, 300 legal
tenders decreased $2S ,511 700; deposits increased
$40 G57. 700: circulation decreased S2,040,400
Thetotal reserve $3.50, O35 O00l now Is 2677 per cent
of the total deposits, against 26.0l last week ana
| 81 10 for September 90, 1879.
Extreme ease has Oeen the rule In our local money
market and call loans have ranged from to j pei
| cent. and time loans at 3G4 per cent. 1t may not
| be significant of any immediate change out IL Is
unusual for money not to be easier on Saturdays
than on any other day of the week. YESTERDAY
there was a hardening ofrates, which. however
vas pereeptibe only because it was Saturday. Sec
rotary sherman has issued an order to the Assistant
treasurer at New-York TO pay out sil
yer dollars for silver certificates IL
suns of ten dollars or multplcs thereo
in exchange for like amounts of gold com or gol'
| bullon deposited with him. This movement, which
- simply intended to facilitate payment into the
| Custom House for duties and necessary remittance
| of currency to the South, and not for crop move
| mcnts i'm some quarters was attempted to be re-
oricd as an initiation of the currency, it being for
gotten that for each silver dollar silver certlcat
maid ont the Treasury will hoard gold dollar III It's
Mace. Further under the present orders of tn
Clearing House of NewYork, our banks Will not re-
ce;, either the silver dollar the silver certifi
Gates on deposit nor count them AS part OF ther re
sources The foreign exchanges were steady to firm
| the week through, without change IN rates. IN
domestic exchanges on New-York ruled steady. bu
| or-East West and SOuth-arc against this city.
The business at the Stock Exchange last week wa
dull-orobably duller than any week of last sun
NOR The transactions in Government bonds at tn
hoard amounted to 1912. 900 against S10O,5O0 tt
| the preceding week, business being somewhat stin
Mated by decline in prices that followed the ca
er reports of the result of the Maine election Late
however, there was a recovery and the hnal chang'
| in the bids are decline of Il each IL
9 the 4l2 and per cents Wednesday tn
Treasury made the usual purchase of 81 800. 90
Gs ard IS at figures that closely Appropriated I'll
market prices of the day. State bonds were dul
and the few dealings there were developed no ne
or interesting features. Rail road bonds were le
active than for many preceding weeks, and WI
irregular and foverlsh fluctuations tne speculate.
e | list shows some decline in prices. The d
k mand for good second-class bonds also was smale
= md there was some yielding In the prices of the
l. also But the best classes were firmly held at III
s. | figures. ,. -. -. g.,
a week ago we wrote Of the share market as 10
y | lows. line general market closed the week IN