New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-30
THE MONEY MARKET.
SUNDAY. Aur. Pop. M.

same time in 1873: while the exports this year to
date show increase of only $o3725,253 over
1879. and of only $40. PSI All over 1873.
Tie following table shows the totals Of imports
and exports of merchandise at this port and the
respective balances foy and against the port from
January l to date for three wears
Exports s9olss7 7es sass5ssols
E i'5To in excess Of
1m PoSI'i in excess OF 2"'lOO'O ''''.-,. -
The imports of specie and bullion principally
gold during the week amounted to S5.01200O'
making a total of ~ 700. 200 received since August
., aud of 1892, 46s imported since January l.
The imports and exports of specie and bullion from
January | to date for three years compare as fol-
lows:
Imports SEQ 81 81 s2 sgis aS Ss
Imports over exports 4ls9I4 675,eel s'lso.lo4
Tie foregoing statistics show that the foreign
movement of values, other than of securities. at
New-Yo on the business since January. leaves a
balance against the port this year of $40, 002 $40,
against balance against it of $6624,14s to same
date of 1879 and against balance in Its favor of
$23 Dol $40 to same date Of 1873.
The figures of the weekly bank statement issued
yesterday were only little affected by the move
at the sub-Treasury that institution on Its
weeks business only losing $l672S. There were
some parcels of recently arrived gold which went
into bank during the week. that the reduction
of 81 .222 100 in the reserves does not represent
the amount of the weeks shipments to the IN
teri,r Deposits again reduced about
81, 100000 more than the reduction per-
mitted by the other published items
The chef interest in the statement Is derived fIom
a comparison with the conditions of year ago
That comparison grows more and more Iked week
by week the figures Of loans and deposits IN Is -
are brou ght nearer to reality by the gradual liqu-
dation of the Government accounts then IN pro-
gress By that process during the week that cor
responds with the week under review the loans we're
reduced 81, 400 500 and the deposits were re-
duced $7,136,JO0, while the change IN
the reserves was only a loss OF S0Oo,|OO.
So that now the comparison with last year
shows the enormous expansion OF So2,o|f,SOO
In loans and the deposits now are S67.GOo,oOO
greater than year ago. The total average re-
serves for the week--spece and legal-enders-are
| reported at $50 749. 800. or $l97S5.30O more
| than the amount held at the same date in 1879;
but an increase Of $50 81, 500 IN Loans raises the
deposits so that now the % per cent rule requires
reserve of $741O5.7 25 against $57,2O4,35O' the
sum required a year ago. The weeks movement
results in a loss OF $674.350 to the surplus re-
serve. and leaves it at S6,643,575 against
So. 759. go at the same date of 1879. The follow
iDr are the comparative totals of the statements Of
August 81 and August IS:
on. Aq s5a 800 sl Aug Il Inc DrFfnos;
Iesai - is3542oo 1888 5Go 200 Inc 49,
Circulation oSPSils ..- Y9s2s 100 iS551sS0 Dec $500
The following shows the rslIton between the
| total reserve and the total deposit liabilities:
A9s 81 se A9f Dec 51@sS:
Iesa 1eseTgs siSSi7So so49Sj0 Dec 22lOo
ssP s si55S 7s ss55s Dee
COMPARED with that OF the corresponding date of
1879 the present statement shows Loans increased
$50 577 500; specie increased $40 729, 100; legal
tenders decreased go 943, 500; deposits increased
ST.. sos. 800; circulation decreased. S1.5411OO.
The total reserve $50, 749.300l now Is 27.24 per
cent of the total deposits. against 2745 last week
and % 81 for August 80 1879.
Money has shown a rather hardening tendency
dnrinp tine week and the rates for call loans have
| duetuated between Dig and 4l2 per cent. fan
average quotation is that the rate is about = pei
cent higher at per cent than II was the preceding
week Bat there is yet no lack Of supply for Stoch
| Exchange purposes and borrowers are abundantly
su,pled In the domestic exchanges. the rates at
the South. except at New Orleans, have weakened
and as some cotton bills already have appeared IN
this market it is Improbable that the usu al dram
lofc
within the next two weeks. The foreign exchanges
have ruled weak, and rates reduced about l.
ort IN the G. but toward the close hrmcr feeling
was shown.
The event of the week that aside from local in
anences principally affected the stock speculation
WAS the incorporation of the New-fork, Lacka
wanna and Western Railroad Company, TO con
strrct 4 railway from BInghamtoD to Buffalo. Will
a branch to Rochester, and TO operate the same as
trunk line In connection with the Delaware. Lacka
wanna and Western Railroad at the East, and The
Wabash systems of railways, extending to the cen
tres of Colorado and Utah, at the West 1t II
hardly possible 10 estimate the importance o.
,hi. new departure. yet it is a logical con
summa,ion Of the consultations and combination
which have been in progress for more than yea
,,ost and southwest from Toledo. the present east
arn terminus of the Wabash system. There is dis
nosition TO view the project one that is invented
rrev and simply to accomplish some stock Jobblnl
| onsrotion But while there Is plenty OF Qpportu
,ftv for difference OF opinion as 10 the erect
the building Of the new line upon the Value on prop
cities that will be connected with ana Will De com
oa,itors of H. probably more fat error could D
made bv a stock Speculation than 10 base ms opera
,1,,s ~, the suppostion that the new road VIII no
H.. constructed. and that "a speedily as possible
With a due regard TO economy ana perfect WORK.
| The transactions IN STOCKS duIDe tno VIZ or
dIro+ed To l472, 800 shares, AGAINST 1880
hares for the preceding week But nVe sIocks-
Ee 4o2 400 Deaware Laakawahnna ana ssepI
- 100 aid New-Jersey Central 74,2OO-contrb
aed SIS 800 shares or considerably a more w ta1I
one-haf of the total business OF la "a vi I,,h
| Tie week opened with an eXhlptQn OF ~ ~ 4
do"ndence in higher range of values, Erie be
ing almost the only stock tha' dla no' re Gb
| better price than the Iasi bgnrs "a ~ w.
ood,ng week On the positive ASSURANCE ina
Pie New York. Lackawauua and Western Compa
nv was reality. Delaware Lae5awahna a an,
Wostern stock showed an advance 81 per cent an
Va ~ e2ls but the effect Gpon the genera mar
et was 10 unsettle prices. with Central ana II noSo
and Ere the particularly we.k spo's "a III tb
" Uar,et and some recoveres were made. Dut on tn
,nst day there was ateneral breakdown 'hal III
lst uny - hole Lit and Tho LAST Ngnrcs eActpI