New-York tribune., 1880-09-27
THE MONEY MARKET.
SUNDAY. Sent. 26-p. ,

THE MONEY MARKET.
SUNDAY Sept. 26-P. ~
The value tS7, sos 779) of the imports of merchan
| disc at New-York for the week ended yesterday
was hardly UP TO the recent average of weekly Inn
ports and was $5 293 IT'S less than the value of the
| preceding week. But it was S12s.794 more than
| that for the corresponding week of 1879 aud
| 81 .s5l 571 more than for the week of 1878. The
value OF the merchandise exported from the port OF
| New York for the week ended Tuesday. September
81 Ts, TBS. .104 about the amount of the recent
usual average, $110O,52s more than that for the
| corresponding week of 1879, and $92S.564 more
than for the week of s7s. The total value of the
merchandise imported at New-York since January l.
this year, is S135112 364 and $155, ,4Os, ,227 more
than TO the same date of 1879 and 1878
respectively. But the value of the meTchan-
disc exported from New-York fromJanuary1 to Sep
tember 21 is only $57 81 432 greater than that OF
the exports to the same date in 1879 and only
$45, ,595 6l9 more than TO the same date III 1878.
The following table shows the total values OF the
| exports and imports of merchandise at New-York
and the respective balances for and against the port
on the business since January l TO date for three
years:
Imports 2iosSSs7i 2Siiesi54 s66 l77oss
Of imports JAWS, s59G7,a23 s,7So747 ........ ...-
OF ,1s exports ~ '' oA'e . 73s45.1s5
The imports of specie and bullion principally
gold for last week amounted to S5. 257 500, making
a total since August of S26,745,S73 and since
January of $31. .95s 141. The imports and ex-
ports of specie and bullion at this port from January
1 to date for three years compare as follows:
T@DSTs sissSs77f q
Imports over exports 4.7s3iS5 27i8I747 26'i66OlS
The foregoing statements show that the foreign
movements of values other than of securities the
business since January 1, leave balance against the
polt of New-York of 500. .O31 ,19s. while there was
balance of only S23 431 900 against it at the same
date in 1879, and balance in its favor Of
$31. .1S5.2ss at the same date of 1878. The total
merchandise ACKNOWLEDGEMENTS and Imports
for three years to date are as follows' 1873
$457, 7O5. 165; 1879, $466.0S0.215; 1850,
S65s. 709.Cl1. This years increase over 1879,
1892, ,62s,796, and over 1878, S201.O03, $40.
TO appreciate fairly the immensity of these
figures il is necessary to know that the
imports to date this year are nearly eGua
to the total amount of exports and imports to the
same date of 1870 item years ago., and that the
gain in total movements this year over the move
ments of 1879 is $569OO,OOO more than the sum
OF exports to date in 1870. In 1870 the movements
to date were As follows: Imports. 1921. sos, 500
exports, $136,0s4, ,679 total, 1868, 593,301. And
it worthy of notice that the imports at that date
exceeded the exports $94, ,523.943, or about
%21 900 900 more than the excess of this year.
The weekly bank statement shows some I'M
portant changes. and on the side of conservatism.
The contraction of S3, ,919 800 in loans probably is
the beglln ming of movement that could not have
been delayed safely much longer. The specie re-
serve is sill further reduced 81 ,369 700, nOtwih-
standing that during the week the payments by
the Treasury for foreign gold coin and for bullion
amounted to S3, ,345, ,24O, and $237,0OO in Ameri-
can gold coin arrived On the other hand, Tie loss
in legal-tenders is only $500 800 against the Sub
Ireasury's gain OF $3.50. sO3 currency" The de-
posits are reduced ai l2l 500. which is reduction
more than II 100000 less than the amount
ce He'd for by the other changes There is notable
reduction of $462 900 I'm the circulation which il
due to a contraction of $3.50. 900 by the Merchants
Bank and of $3.50, 900 by the Park Bank. making
a total contraction by the two banks of S495,000
hut some other banks show small and un-
important expansions in their circuiations. The
total average reserves for the week-specie and
legal-tendsrs-are reported at $7s 344.sO0 or
81 : .279, 700 more than the amount held at the
same date in 1879: but an increase of S494i0,300
in loans raises the deposits that the % per
cent rule requires a reserve of $73, ,7O1 725 against
S57 405 75O. the sum required year ago The
weeks movement results in a loss of $G59 80 to
the surplus reserve, and leaves 1t at a4}6l3O75,
against So $50. $50 at the same date Of 1879. Tho
following are the comparative totals of the state
ments OF September Is and September %