New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-02
THE MONEY MARKET.
SUNDAY, Feb. 1-P.

SUNDAY. Feb 1-P.M
;,onorts at the port of New-York during the
- ended Yesterday were Sc, 100000 greater than
- the imports Of the corresponding week OF 1879
"a 81 200 600 greater than for the week Of 1878
.r;ng amounted to 81 ,753. 252. against $6264.72O
g. $40 and 81 29s. 575 for 1873 The tota IN ports
.b;s mort for January were: 1873, $20.631 $3.50;
go S17.712,435 and 1880; $35,s22.2l1.
40. exnorts for the week ended January 81
ist,,s wear were S6744,s79; for the week OF 1870.
~ oro $40 and for the week of 1878. $5,S66962.
~ totals for January for each year
or 400 $50 in 1880; S14,627,307 in 1879; and
t-a,o GA 1873. In 1879 the imports for Jan
- exceeded the exports only $3,100,000 This
49, the imports exceeded the exports by the sum
- q 600 600. The report of the Assistant
,c.,asn,er of the United States at New-York
a., the month OF January, published in to-
daxs TRIBUNE, shows that the customs receipts for
,a.t month were $12307, 104. against $7S49,S11
81, the corresponding month of 1879 an increase
e4A57. 293 These statements explain why he re-
;nts at the SubTreasury so largely exceed ITS or
binary disbursements. and also account Tor the
s,eadness if not firmness of rates of foreign ex-
change although it is probable that the demand Tor
t,regn exchange TO meet present imports viii be
felt more seDsby thirty or sixty days hence than it
snow.
The trade IN general merchandise during the week
a fair. and while it was not of great magnitude
- a. furnish any reason for much Boosting, 1t still
vas sufficient to prevent complaints. There was
halter export demand for grain, but this was due
more TO the excessively low rates tor freight than
m decline in prices of gram and the specnlators
,uickly took advantage of the export demand TO
raise prces again, so that there was considerable
,onewal of speculative confidence. The provision
market, however, has continued to be very
unsettled, and speculative circles have be-
traved a feverishness regarding the course
a. values in the early future. The speculation IN
iron was less active, with decline OF about ~ 90
a Ton from the extreme prices OF the preceding
week The coal trade continues unsettled, ana It's
nresent condition is admitted 10 be very unsatSiac-
,orv with prces irregular aud difficult to quote
Notwithstanding the fact that there has been CON
siderable curtailment III production because OF the
crowded condition of stocking grounds, the output
continues 10 exceed that of last year and Of any OF
the preceding five years. For the week ended jan
nary "a the output was 45.6I4 tons more ihan LOT
the corresponding week OF 1879, aud from January
j TO January "a the increase was 232, 500 tons.
In financial circles last week was almost entlIely
without important events; the only one Gaining iOr
sneciaI notice being the marketing at the Stock EX
change of the Central Pacific Syndieates oO,OOJ
shares OF stock, all of which were reported 10 nave
been sold within the rst fifteen minutes OF business
last Thursday morning 1t Is not necessary 10 sup
pose that tins sale was made entirely 10
persons who before were uninterested' Inc
Individual members of the Syndicate were
not debarred from buying any portlon OF the
stock 10 open competition in the market and II Is
unite probable, ana not Inconsistent win the re-
ncrted sale of $4,000 shares of stock, that some
members of the Syndicate, feeling confidence III the
stocks higher value, chose TO retain al least pOi-
ton Of their Individual interest by purchasing from
the Syndicate as "a whole. We know OF 40 reason
why individual members OF the syndicate, The
majority of whom are large professional spectators
,hould have less confidence III the value OF TIE
stock than other individual buyers are expected to
have.
hardening tendency, and rates have ruled pretty
steadily up to The legal rate and one Gay Win Tue
occasional addition OF small commission 1hls was
because of the receipts or the sub treasury whlch
exceeded its payments b. about S4OOO,0OO FOR the
week this sum was IN excess OF The receipts OF
money from the interior. Tomorrow the payment
~ fhe quarterly interest the United states 5s OF
1881 f$5O8 4iO, 800 viii begin, and 1t Is anlel-
pated that during the weeh the Treasury VIII ouy
At least $5O0O,000 Of the 6s, 50 that Tor
few DAYS the tide VIII HI.s, De out Th {" h. ~
statepent issued yesterday shows loss OF S1b,oOO
In the total reserves, and, because OF an increase OF
81 1872 200 in the deposits loss 10 the surplus re-
serve of S624, $50. he loans were expanded
R3 I25 900 and the circulation was decreased
H33OuO. These changes show the reported iiaDl-
ties TO have been increased only S2.O592 200 While
ihe assefs-loans, less loss of reserve-were m
creased 50 O4e 600. and seem TO indicate ship
mept of about 81 100000 country bank notes;
But as the statement OF the preceding week showed
discrepancy OF 81 100000 on tue other side OF TIE
,ccouut 1t is quite likely that both discrepancies
were the esutof system ofreporting by AVERAGES
THE following are the comparative totals of the
,tatements of January "a ard January 81
Js Ss5 e Goo s sa FL Inc PafE:sSs
sSsalt 5iSss,9o1 5v'sl2 500 Dec I,5is&oS
i7s9S a SssSSO Inc Inc f9SSS
ppg,pIlS' - 2iG620J0 2l'5599JO Dec $4,000
The following shows the relation between the
total reserve and the total deposit liabilities;
Jan. "a Jan. u. Changes
S5l.sy2,2fC S5hSl2sOO Dec :. l..8oJ