New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-12
THE MONEY MARKET.
SUNDAY. July LIP. NJ.

SUNDAY. July LIP. NJ.
TT. ,.,,-e Of the merchandise exported from tue
..,rt Of Ncw-York during the week ended Jny
o,c, was 81 pol $50 greater than the value
w 80 Of The imports for the week ended yes
w.. pnt az compared with the same weeks OF
80 A. ;,,,orts showed an increase of S3,1so,5o4
,.ns+ so 174 lG3 increase IN the exports. 60 tna'
a., .,r,naratve condition of the balances OF tra"e
;nst Nev-York was not materially changed lroni
. week AGO The balance against New-l ork o'l e.e
- since January 1850. now Is $50 l36,33Z
For the same time in 1879 II was Only Do,
"a Co. the same time IN 1873 .hc balance IN favor
Of Ncw-York was 500. GA, 236. In connection win
these statistics glance at the heuies i"i-
,ishod Inv a recent official statement from
.bo Rureau of Statistics at Nash'hs'""
- IVA Instructive The total Values
Of the imports and exports Of merchandise anu JUN
;o Cor tho whole Vnlted States compare as ioiioWS
FIR eleven months ended MAY 81: hXpor's-lo'o'
Geo 400 s63: 1880, S7T9,2So 1876; increase
60, o. 999 Imports-1s79, S425.608.675; 1850
ZOO "a e64iucrease 1913 40z. $50. Balance m IA
-. ha Tinted States-lS70. $26l COG. 1885, 1880
ESQ oG5. $50. These figures snow comparative le-
Suction IN the balance Of trade OF 91ol'toV'ooO
Inouded in the imports of the last eleven months Is
col sol All coin and bullion against ohN
Sts 719351 for the same time OF the preceuIne
90 And the exports include Slo9Sh9Z4
coin and bullion this year against @ZI9oo'ouo
GU" ia. year Leaving the coin
.nd bu]l,on out of the account. the merchandise
nal,rce for the eleven months ended May 81. 1850,
is s155 .q79. O63 in favor of the United States,
against balance of S25s 457 O36 for the eleven
months ended May 81. 1879; a reduction OF
s1O24 77.973, or nearly $50 900 900 more than the
snm of specie which it necessary to import last
Autumn to restore an equilibrium. The sum that
Is annually due abroad for interest and dividends
on American securities held there is an unknown
ouantity. but there is little doubt that ii largely
exceeds tine present apparent balance OF trade III
our favor.
The items of Yesterdays weekly bank statement
were 80 largely affected By the heavy payments OF
the Treasury during the last DAYS Of the preceding
week that its figures of AVERAGES give little lnior-
nation of the present condition. But one thing Is
made apparenta drain of funds to the interior. by
further loss Of 81 O59 500 lega-tenders. added to
the loss Of 81 OBJ 200 for the preceding week. while
nil the time the movements at the Sub-lreasury
have favored an increase of the banks supply ot
currency rather than reduction of 1t. The gain IN
spece (4 GOD, 800 Is not as large ~ the payments
by the Sub-Treasury Indicated 1t would be.
The deposits are increased S7.636,4Oo when
!. about 81. 100000 more than is called
for BY the changes in the other Items.
Bur the loss Of legal-tenders makes 1t in
consistent TO suppose that the extra increase in de-
posts Is dne to the receipt of country bank notes
therefore the rational conclusion is that 1t arises
from some irregularIty in the working of the alb
surd system of averages The total average re-
serves for the week-specie and legal-tenders-
are reported at 500, AS 800, or 19,173,5O0 more
than the amount held at the same daJe of 1879 but
an increase of $50 476 600 in loans raises the de-
posits so that now the 25 per cent rule requires
reserve of 81. 67s. 675 against $50 ,332,2oO the
sum required year ago. The weeks movement
results IN q gain Of S1,6s46OO 10 the surplus re-
serve. and leaves 1t at $l776S,225 against
S1O.941 200 at the same date of 1879. The follow
ing are the comparative totals of the statements OF
July and July 10: