New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-09-13
THE MONEY MARKET.


~ e6G S-9' were So res mo.- fA.u ,or thr pse-
! ccGing week. SI.07ioj2 more taas 'l- tl- "oi-
responding wes'. 1-79, and ,3.5of.'5l rIr." th7f
/ the same week Of 1875 On Gle e.a.f al.t. ..e
va'ue cd the merchandise exported .pn -l. port
! for ths week eu1.l tuesday. -.pa n'f
! - O5'rOsi was H-7C11s less ta.nftr 'ie p.ec'i-
| in1wee1. Slo2l.5u0 les, than ior tar si-" 81 Is
Of l-7a. and only si55.67J more ,.aa tor is 0eea
! If 1873. Tire value Of the merchandise imported
/ into Ncw-Y TX since Jsnarry fo "t'e
| - So. 4G5.72j more than f'r th' same
.imc in 1879. aul S1+G,io.35' W'.e
! Ian for the same period Of 1915, "aiic &c
| value o.. the rorcla disc exported from i'i7 '.r
! from January 1 10 september l. this vcaT. shows aH
increase OF only Abb 800 G92 over the y1Ee Tor the
same time oi 1879, and of only Stic39,@i2 over
| tie value OF ISIS. The following table SHOWS t"r
total values of tie exports and imports OF u"ich'i
disc TINS roTt AND the respective balances for '"a
against TIE port from January to da;as ior three
years: IN
f5as5; 3 less. sds 81 ..s 5.5 so,o3
D 'a &, e ','''' nInn5 2s.57l .--.--
lS o eT..t IN excess ........... 71oi7aas
The imports Of sp,,e aud bu lion nr'ncpaily
COLD dUrn2 last wcen amounted 30 qIjldSd',
making totll g. 1I738l ,525 since August = AID
/ II -. J93. 1913 since January !. The Imports IN"
exports OF specie and oJnl a. tnis 10 from J1au-
ar1 ! 10 date for tiree years compare as follow:
1rpor,, .....sl565iie4 s2sdss.27l s. .7el
labor e1,oris 5.s55 53S5ji l5,S1--G
! lie foregoing statements SHOW that The fore %
! m yenent of values other than Of s3curi5ies, on
! tho business since January l leave, q balance
aga nst New-Yo,S tins year of S67,9l0.2OS against
/ 4 balance agains, 1t OF only S11.3I3.52O At same
dale in 1872 Including god import, for the week
ended ScDteInJer 10. 1879. thai amounted TO
| s9,5O0O00' AMI aga ust balance IN It's favor Of
S26,Je9. d. al ssme date IL 1873.
The salient feature OF tue weeks bank s-arement
/ Is the further expansion Oh Hi.713.f0O n loans,
which brings that Item up to the unprecedented hg-
ures of 1913, 200. The Sub-rreasuy'' disburso-
aeuts OF com exc cded It's receipts other than from
transfers aud jncluGing payment of Assay Office
ch,ch, the SUN Of sl.944. 1913, and of the god iul
| portat!on ior tAo week %JOO.OUO in
| American com: SO the banks received the
sum OF 52444.OC0. Hence the statement shows
al increase oil 100000 specie. The loss IN legal
/ tender, j, ouly $685. 2O0-a small amount 10 repre-
sent thc shipments OF currency Tor the week But
tie deposits are increased SD1l 900 ic-o than the
amount oi Incr'a,s permit Ell 10y tile other
changes. winch. pclbaps. may represent that
amount OF county bank nOtes sent away. Inc
| total average reserves for the week-specie ami
elal-cnders-are reported at SS02SS.500, or
!
same date in 1879: but ~ increase Of S56,755.s0O
III loans raises The deposits so that the - per
cent rule requires reserve OF s. ,jS7G2J against
S56. 1898. 30 the sum required year ago. Ile
weeks movement results IN gain o. S-il13 10
the surplus reserve. and leaves it 40 &J.7oOS7
against - 954.775 al the -au- date Of 1879. The
following are the comparative totals Of the STATE
menrs Of september and September Il:
sept :. sept IL Differences.
Z =. . ' tf
spcc.e..--..-..--. e5t@i7e3 ttttrS9l H. t''.o'
ai,soS e, .s@ % 90 Inc me- i1ii7 oS
rciai reserve qud ITO .otl dsp,slr lltoiuues:
srecie.......... s. 300 81 S4lso nc so. 6oo
IS5a. rrser, g. 755,oi05 55-5.5oo Inc 1850
5ss 557s9 7s sa5s Inc IHs ss?a a5
Compared with that Of tae corresponding date oil +
1879 the present atauent shows: Loans increased
s5G 100. 500: specie increased S46 463 100; legal
tenders decreased. 725,j}29O0; deposits Increased.
S72777. 600; circulation decreased. @2,244.90J
Tre-otaI reserv, $50 2sS 50)inoF D., 26.3I per cent
Of thetotil deposits, against 26.9I last week and
POSI- tor September ID, 1919.
Our local money market has ruled easy and steady
a. about III per cent for call loans, with few eXcep
lions at g. and on one day. at ! per cent. The
foreign exchanges have shown hardening teulen-
rv and business IN short-.ight eIimg was done ar
advance OF - cent 10 tilf If ft'ilir- li ~
changes on Newly or have varied but litto; al the
>ouh rates are weaker at the West almost steady.
and Bo ton is uotceably weak at 80 cents discount
The cuisines, at the stock Exchange during the
week was marked by great irregularities and fever
Ishncsa Government bonds were excessively du.i.
the business the Boards having amounted only to
500 300 against $290,J0O for the preceding
week bur prices were strong and the bids for the
4l,9 and d were advanced each = PER cent.
Wednesday the Treasury purchased =, 5o0,O0O Of
8 and perc,uts at fail figures there was more
dong in State bonds. particularly IN The ioW-p-c-
southern i,sues where the chances for loss arr Ina
ii.d 70 4G1O per cent. while any fav0ra0ls turn I
would afford opportunities for large profits. kaI-
road bonds We're larry active. bu' tre ioial busi
r.-s was less Than 1t was frpreccdaHr weeks !
Tho feature OF the market tie T.
'.lraas.n.- demand for tbe best classes o.. I
in or issu,s The principal final changes are u~ 7
To-. l1v-: Adyaucrs-C.. &. aud l. &; hr~, ao-chiel /
$40 Nrw-Jersey Genital incomes L. Mobile ana /
ONO hT,, q. an0 hI>t deDen ilic a. e"'H - ea'"di /
southern irsts d. Oregon Railroad AND N2vlga ou /
49, Norris and Essex copsoi' ~ i'k' Lne arc /
Western income J. Lafayette. bio'mInrton anc I
Nnrcie rr-o.ne L. Contra. Iowa nrsts =. and Den
yer End Re- G-a.Ce coneolt ia per cr.l. p-cnnt- /
LIRE second cou-ol- aud f1l dct D IS, 81 i--oai.
kansas and Texas second, ia, &" G. aug l. g. ,n- /
comes . chesapeake aad ONO currency deHt, la-.
ana Texas ana Pacific incomes q a"i cent.
ihe stock -pecu atiDu Cnenci Monday W'rnIE /
,v.tn great apparent strength. and prices wrr-
.....rr'r advanced from - 3 Der cent Aiic~ t.at
age Of prices. winch suij't. 'o IT. Irni ati ,ihlW-
nortut rallies, continued until the as- day. There
were no adverse rumDrs 10 Affect lne pHce, hrf
ib. Ell. ,v SO, dee il Obcd. hence % tht law ul sup
,,'t and demand. There were considerable s'- OBJ ,
stocks for .rsons wrO itu pa. based tlr1 al lU0
g. r.f l,,r.- iorra- aid ld r.a f,r I'll .Tl and /
-...-'.. them away. On SATURDAY tue t4lt state
mont frightened some operators Tor o." snort !
account Iuto covering tler contracts ani az thr /
- ~ .lrrsa-. fue.. lines. .o thai there $50.
sra-p rally III prices, and do some Instances about