New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-16
THE MONEY MARKET.
SUNDAY, Aug. 15-P. ]


,norts of merchandise at the port of New
=, Cor the week ending yesterday valued at
1@ ooo, were SIS. O5O. 900 less than the imports
,he preceding week. and Sl,l22,Sl9 less than the
,ss As5.O4u of the exports from this port for
- ended last Tuesday. But the value of the
tne for the week was 1852 97l more than
r.nc Of the imports for the same week in 1879
u tho value of the exports was only $40 232
.o,or than was the value of the exports for the
~ of last year. To date since January /, 1850,
- ~olue If merchandise imported at New York is
so,, al Sl7. against 81 1878 sos for the same
,,1S7q: increase, 1922 997, 800: and the
-, of exnorts for the same time is-1S $50
80, ~ az2: 1879, $3.50 500. SOS increase
est t43 tOi The Increase in the value OF the i'm
Ut, cxceeds the increase IN the value of the exports
r-1 s54-OJ On the business since January l the
,.,anee Of foreign trade. as represented by the eX-
.h.noe of erchandise. this year is 500 ID, SO
int the port of Ncw-YOrk. against a balance %
90 A91 GEO IN its favor in 1879 and a balance Of
so7 73o. 1888 in its favor in 1873 The difference
~ wear against New-Y0Tk compared with 1879 ia
s-t gu. sos. and compared with 1873 1t Is
cor 15511S. The exports Of specie and bullion since
I.rparv If this year are SJ,29O9i7, against
S1t Cos Isl for the same time in 1879; decrease,
&c or. 23i; and this difference added to the mer
.hond,se difference, makes 1t S7s OBJ, 739 against
NavYork rs compared with 1879. The import OF
.nscie and bullion for the week was $1,574,O25,
nsking the total this year to date $G,742. 600,
ocajns -. Dol SOS TO the same date in 1879, and
sl4 397 .201 TO the same date in 1873.
The weekly bank statement issued yesterday pre-
sented fgIres that were better than was generally
sxpected and the comparisons were better than
would be presented if they were made by the actual
6cures of the two Friday evenings instead OF by the
averages of the week. The specie gain of the pre-
cedinr week too small, in the face Of loss Of
over - 600 900 coin by the Sub treasury. to permit
Of any other superstition than that the banks theh
held NOR. specie than the amount reported as the
average of the week, while the loss last week OF
only 1873 600 specie. when the Sub-Ireasury act
uallv gained $50. 900 in coin, too small to be
consistent with the amounts that were shipped to
the Interior even after allowing Tor that portion OF
the imports which found its wIv into the banks.
The loans were expanded SIG 600 and the de-
posits are increased 81 667, 400, increase about
100000 greater than Is called for by the other
changes But the discrepancy probably IS the result
Of 4 mistake made by bank, two weeks ago, ii
reporting its deposits $l,5OOO0O less than the
averages OF chat week were It's correction the next
week is yet partially felt in the systems or average
In noting below the paris0n of loans and depos-
its with last year. it Is desirable to remember tha'
last wear each of those items was swellei by en-
tries made on account OF the rounding operations
of the Govern ueut, 50 that the increase
Of actual deposits AMI loans much greater than Il
appears hy tn, COMPARISON of figures. year ago
this date. there were about Sl5,0OOO0O OF the re-
funding operations unhquitated. b. total aver
age reserves Tor the werk-spece and leEal-tenders
are reported Al So, Ca 900. OF l1l5,7OO more
than the amount held at he SANE date ~ 1879
but an ncrea g of S32 $50 500 m loans raises the
deposits so that now the % cent rule requires
reserve of $74.672, 800 against So 1880. TIA
sum required year ago. The weeks movement
results in loss OF 81 ,596,4J0 t. the surplus re
serve. ana leaves 1t at I9,97OOOD against
81 .4Os. 90 at the same date OF 1879. TIE follow
ing are the comparative totals oi the statements
hrcn.+ and Augusr ii.