New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-05-10
THE MONEY MARKET.


The value Of the merchandise exported from the
mort Of New.York for the week ended May was
"a b3s s57-S341, 9O3 more than the value OF the
sxnorts for the preceding week, $1,5s1.954 more
than for the corresponding week of 1879. and
10 bo3 1858 more than for the week of 1873 But
the value of the imports for the week ended May
was also large, and shows greater increase over
preceding years than the experts show. Inc
imports amounted to $11.S72. 362-$432' Az IN
excess of the value of imports for the preceding
week, S., 645 COS more than for the corresponding
week of 1879, and $6,550,089 more than for the
week of 1878. The exports and imports at New
York since January to the dates named compare
with those of the two preceding years as follows:
Imports this year in excess of 1870, $71, 531115,
and in excess of 1873, $7s.3O2, O75; exports this
year in excess of 1870, S13, 4S6O73, and IN excess
of 1879, $342031O. The totals of the foreign COM
1nerce OF New-York from January J. for three years.
compare as follows:
Import, to May is5S 20. s
Exports in excess Of :, oo,-,-
,IinRE Imports : ov;s::o, n'9Ol7H
imports imports IN excess b,eS5,OOo 636sOO4s
The weekly bank statement of averages issued
yesterday only partly indicates the improved con-
dtiOn of the banks While the Sub-Ireasurys dis
bursement, for the week ended Friday night ex-
ceeded the receipts $4.735,321, the banks report
their total reserve as increased only $4,22o lOo'
The Sub-Treasury lost $5,1O3.496 specie. but the
banks report gain of only S3,985OOO. Both banks
and Sub-Treasury gained currency; the DahkS
S243lOO legal-tenders. and the Sub-Ireasury
S36S IT'S currency. Further, the difference IN the
repored average of assets and liabilities 1.-THE banks
indicates gain of$75S, 900 in country bank notes.
The expansion of only $70140O in the loans IN inc
face of the large gains in the reserves, lnulcates
conservatism the part of the banks. The changes
for the corresponding week OF 1879 were: specie
increase. $229,4OO; egal-tender increase
S4136 200 total increase of reserves, $780, 6OO-
which. with an expansion of $3,5S3,SOO in loans
and increased deposits amounting TO $1O,G05.5OO.
indicated receipts of SO, 6G1 600 of country bank
notes for that week. The surplus reserve of May TO-
1870 was SIG LOSS. OOO or $1,000, $50 more than
the surplus reserve now. Last week the surplus re-
serve was increased Sc, 7004 400. The following are
the comparative totals of the statements Of May
and 8. >,oe n,eorercos
1oon, %ay * s a 5SSSSSS
as5sSS 55535S$ Bs: $$
The following shows the rel ltIol between the
total reserve and the total deposit liabilities:
s.5 NeS s,5 r9T Inc GSs3fs5
FSfs dG GG3S 75 5S Inc 4oS
nsss5S: sS sSsssS Inc soo4oo
Compared with that of the corresponding date OF
1879, the present statement shows: Loans
increased $3S, 1961O0 specie increased
S34 645 900; egs-tenders decreased, %3G. 319,GOO'
deposits increased, $33.3SGs00; circulation in
creased. 1854 300 The total reserve $50, G4S,GOO
now is 27.36 per cent of the total deposits
AGAINST 1920 last week and 1915 for May 10
1879.
The week witnessed steadily growing ease in
the money market and per cent was the common
rate for call loans, with few exceptions at per
cent. and frequent exc :ptiOns at per cent. The
Governors veto of the bill taxing foreign capifa
met with general approval. although 1t is admitted
that some revision of our present absurd and un-
eoual system Of taxation should be made. The for
eign exchanges at one time weakened more because
of the small demand from importers than because OF
a better supply of bills, but later rates were re-
stored to the basis of 81 SO and "a 80 for sIxty-days
and sight sterling respectively. The domestic eX-
changes on New-York have remained steady Mt the
South. and are higher at the West, but at Boston
have weakened from par to 1923 cents discount.
At the Stock Exchange the general markets have
been much disturbed and unsettled. But Govern
Inent bonds have been firm ut full figures. WCdneS-
day the Treasury purchased 100000 OF the q
and 5 per cents paying higher prices than IN the
preceding week. Although prices have been so
firm. the business at the Boards hos been exces-
siyely dull, the total transactions for the week
amounting only to 1927, 80 against S1,O51.7OO
falso q small busness) for the preceding week.
The following are the highest AMI lowest prices OF
bonds for the week. and the closing sales Saturday
and a week ago:
For the --F1nal---