Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-11-25
DOMESTIC NEWS.
Na,,onaI Financial Matters.

DOMESTIC NEWS.
National Financial Matters.
WASHINGTON, November 24th.-The re-
port of the Comptroller is not yet completed,
but will show that the aggregate amount of
legal tender and national bank notes out
standing November l, 1880, was S68S, 744,-
467; in 1879, S6S1, SIS, ,e20 and in 1873,
S666, 333, 1877. The law provides that when
specie payments are resumed the national
banks shall not be furnished with notes of
less denomination than 3d. and in accordance
with this provision no notes of the denomio a.
ton Of 81 and 50 have been issued since the
1st of January. 1879. The amount of ones
outstanding that day was 81 793. SIT, and of
twos 81, 924, $780, Total, S7,718.747. Since
that date the ones have been reduced
to 50, 501, 355, and the twos to S1,717.670,
making total reduction in small b INK notes
of "a, 4,2l9,025. The amount of legal tender
notes of the denomination of 81 outstanding
on that date was $50, 257, 109, and of twos,
800, 035, ,525 /; total. $40, 292, 634, and an in
crease since that date, November l, 1880, of
SO, 491 1884. The amount of these denomina-
tions of both kinds outstanding November l,
1880, is SAT. 2S3, $40; !; total increase during
the year, So, 365, SIS. The decrease during
the year previous was $8,649, 451. The
amount of circulation of the Bank of France
January so, 1879, was S458, 194, 166, an in
crease between that time and January Doth of
Sc. 100. 7O7. The Imperial Bank of Germany
issues no notes Of less denomination than
81 50 and the Bank of France issues but
about 81, 600, 600 in notes of a less denomina-
ton than S.. The Bank of England issues
no notes less than S25, and the Banks of Ire.
land and Scotland none less than So. The
amount of circulation in this country in de-
nominations of S. and under was S214, $780,
S39 on November l, 1880. In the foreign
countries named, large amount of sill
YER and gold of lower denominations
enters into general circulation. 1t will
be impossible to keep in circulation
any larger amount of small gold coins
or silver dollars unless the coinsge of the
latter is restricted and the small notes with
drawn. The total amount of United States
bonds held as security for circulating notes
on the LIST of November, 1880, was 1858, 74S,-
$50. On October l, 1865, the total amount
of bonds held for this purpose was S276. .250,.
$50, of which Sl99, 397, $50 was in per cents,
and SIG, S52, GOO in per cents. On October
l, 1870, the banks held S246, S91, 300 in 6 per
cents, and S95, ,942, $50 in 5 per cents. Since
that time there has been to November 1,
1879, decrease of S1S5, 211 $50 in 6 per
cent. bonds, and an increase of Sol, 1S7. 200
in per cents. The banks now hold S36, $685.
tied since September 1, 1876, and Sis, 075,
100 in per cents, which have been deposited
since July l, 1877, During the year Sl9, 24S,
800 in per cents have been withdrawn,
chiefly fer the purpose of realizing the large
premiums on these bonds. and S22. $40, $50 in
per cents deposited, which will mature in a
few months. The banks still hold $780,
600 ri per cent. $50 bonds, and 1926, 900[?l
in per cent 10 40 bonds, upon which inter-
boe ooosaI 1'hou alSo hold G1dH
of fives of 1881. which are redeemable on the
1st of next May, and s2,046, 900 in skies
of 1881. payable On the 1st of January next,
and $50, 432, 150 in skies of 1881, which
are redeemsble the 1st of July next.
The amount of bonds held by the banks
November l, 1880, was as follows: State
banks and trust companies, SA, 49S, 604 saw
ings banks, S1S9, 1877, SIG; private banks,
S14, 500, ,6S4 National banks, S403, 369, $50
amount of coin and bullion in the country
November 1st was S612, 2S3, 357, of which
S45l, OLE, 030 was gold and S15S, ,271 S27 silver.
Amount of gold and silver, and the percentage
of each, held by the United States Treasury
November l, 1880, was as follows: Standard
dollars, 81, ,70S, 459 other silver coin and bull
ion, $50, ,672, ,857; total silver, SIT, ,757, ,316;
goldcoin and bullion, s21S, 4e3 269; per cent. of
silver, 35.6 per cent; of gold. Ga 4. The
amount Oh DulltOu III Tic DhiA VI LDSliuQ IL
October, 1880, was Sl4, 163 700. and in the
Bank of France, October 90, $780, s1i6,-
100000. The percentage Of gold held was
BIZ, and of silver 6S3. Statistics show
rapid reduction during the last two years in
the amount of outstanding circulation of
banks which have ceased to do business. and
indicate that the final loss upon notes of the
national banks will not exceed l or Il per
cent. .
Business of the -Ciearing.House
Transactions.
New York, November 2ith.-The Public's
table of Clearinghouse transactions for the
over the corresponding week of last year
Losses-New York, Z 9.10 per cent Bos-
ton, S.3 !; Philadelphia, 17.5; San Francisco,
1875; Baltimore, 8. Gains-Chicago, 81 5
Cincinnati, 2S.5; st. Louis, 15.6; New Or
leans, III; Milwaukee, 2SS; Louisville,
378; Pittsburg, 35.5; Providence, Is;
Kansas City, AZ s; Indianapolis, S5.3 Cleve-
land, 81; New Haven, 50; Lowell, 125;
Syracuse, 4O7. The total transactions at all
the Clearing houses this week is 81, 49,
600, COO, against 81, 202, 600. 600 during the
same week of last year, being q loss of
and 4-10 per cent. The fact that FIVE of
the larger cities reports smaller exchanges
than they did last year at this tine should be
neither disregsrded nor misinterpreted.
There is no danger that it may be deemed
more important than it really is, because the
portion of the exchanges in New York which
may be considered not due to stock opera
tions is as large as it was for the correspond
ing week of last year but the decline in Bos-
ton, Philadelphia and Baltimore is neverthe-
less too significant to be overlooked, as it is
never possible to ascertain with exactness
the proportion of exchanges here which
is due to dealing in stocks and
bonds. The returns from other cities
of large traffic, in any case of doubt, are usu.
ally better indication of tendency in gen.
eral business 1t happens, however, that the
tremendous speculation which collapsed at
this time last year was active in the cities
named, and hundreds of towns which deal
through them as monetary centers, and may
have been sufficiently important there to af-
feet the exchanges at every other place.
With the usual exception OF San Francisco,
the exchanges this year show an increase.
It is not easy to believe that sudden con.
traction or expansion in the legitimate busi.
ness of the three largest cities and Baltimore
could occur without corresponding change
in some of the minor towns, and the natural
conclusion therefore is that the great specu-
| lative transactions In stocks and bonds in
fated exchanges last year in Boston and
Philadelpbis, as well as here, while the vol
ume of other business continues much
greater now throughout the country than it
was then. Dealings in grain were unusually
large last week at Chicago, Milwaukee and
New York, and probably affected the ex.
changes perceptibly. The volume of business
at all the small cities is SO great, even in COM
parison with week of remarkably active
traffic last year. that the general prosperity
in all parts of the country, except on the Pa
cific coast, is evident.
New York stock Market.
NEW YoRK, November 24sh.-The Post
ga ,s: Money is active, the ruling rate being
6 and scarce at that. Spectators are feeling
The pinch most. Six per cent. is bid for the
smainder Of the year, with an additional
commission in some cases. The monsy mar.
ket was not permitted TO influence specula-
ton. and the bulls sent up prices this morn
ing aGa, all the leading stocks participating