New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-02
THE MONEY MARKET.

SUNDAY August Up. NJ
The value of the exports Of merchandise from
New-York tor the week ended last Tuesday er.
ceeded the value Of the imports for the ended
yesterday by about $4,000. Bat the imports show
gain Of 80. j13, 100 over tie same week Of 1879.
and of SO $50 1923 over the week of 1873 while the
export gains are 81 ,93i.s9s over 1879 and
81 .6G5, 0s6 over the week of 1879. To date since
January /, 1880, the imports Of merchandise at
this port amount TO 1903 500, 1877 against
$176, 659 S22 for the same time in 1879; increase
S117, 532.870 and the exports amount Ia
$2z4, 1885, 1872 this year, against Sl76, 800 800 last
year; increase S48,324 S03. The increase Of
imports exceeds the increase of exports
by $69,20S, 172. The balance of foreign
trade, as represented by the exports and
imports of merchandise, against NewYork IN the
business since January this year is 1858, 787 085.
against credit balance Of Si41, 10Y to same date
1879 and O credit balance OF So, $50, l72 to same
date 1873.
The weekly bank statement issued yesterday IL
chiefly important for the Inconsistency OF ts
figures Loans are increased 81, 261 800; cash
legal-teDders and spece-is reduced p7fl 100. and
circulation is increased $4,000 These charges
call for an increase Of So 800. 300 IN deposits,
which, however. are reported increased only
$50 500 The explanation OF the discrepancy, prob
ably, is to be found in a shipment Of about
So 800 OOO counting bank notes. which, of course,
the banks will rid themselves Of before answering
the Western demand for currency by the
shipment of lega-tenders of gold. The total aver
age reserves for the week-specie and legaltenders
are reported at $8S 500 900, or 81 ,36l 800 more
than the amount held at the same date Of 1869; but
an increase of $50 1920 in loans raises the de-
posts so that now the 25 per cent rule requires
reserve of 1925 625 against $63, G92 675, the sum
required a year ago. The weeks movement results
IN loss of $750,225 to the surplus reserve, and
leaves it at 81 $40 1873 against $l3G14,S25 at the
same date of 1870. The following are the compars-
tive total of the statements of July p and July
81:
IgY7 9 90 sss g? Inc PSs$Ss
f5ss5SS a i5s49SS5 Inc Inc iS
The following shows the relltiOn between the
total reserve and the total deposit liabilities:
JHg 80 % s5 IaiS p Dec sisssPs
Ss S SssiGioo ssssoooS Dec cS
sss@: ,! s:s lssssSS s3 be BE- 3as
Compared with that Of the corresponding date Of
1879 the present statement shows: Loans increased,
$50 400 200; specie increased $i8.3S5 300; legal
tenders decreased S37 023 500: deposits increased,
S36. 535. 500; circulation decreased, S1,0l7.2O0.
The total reserve (sss, 500 900 nowis 3o.42 per
cent Of the total deposits, against 5000 last week
and 81. IL for August 2. 1879.
Money ruled the week through pretty steady 40
2l2 per cent with exceptions at per cent until the
last day. when there was little furry and rates
were advanced to GIG per cent and closed at 3 per
cent. A good deal of currency is going west Toledo
and Detroit making unusual drafts while further
west Chicago and st. Louis, the exchanges on
Newly York have declined during tho week from 80
cents discount to so cents discount and from 80
cents discount ST. discount respectively. The for
eign exchanges were steady and unchanged in
quotation, with a better demand for sight sterling.
The shipments of gold from Europe that were re-
ported early in the week are unconfrmed exception
some small parcels from Paris.
With yesterday ended a week and also month
that were remarkable for midsummer stock specu-
latiOns For the week the prevailing features OK
the market were dulness aud. when the recent adj
vance in prices is taken into account extraordin-
airy strength. Following the declines which
occurred In May IL was not unexpected
that prices In June showed sharp recovery
but few persons, whatever may have been their
opinions regarding the markets In September aud
October, expected continued advance through the
whole month Of July. For the convenience of our
readers we subjoin q table Of prices for thirty
three of the principal stocks which at glance will
show the advance for twelve months, the advance
from the lowest prices of last May and for the
month of July. Excepting in the May column the
figures are the closing ones of the date named: