New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-10-18
THE MONEY MARKET.



Compared with the same weeks OF 1873 the Valuc
Of the merchandise imported INTO NeW-l ORR ior inc
- o,dea Yesterday CSs, 1872 s32l shows an m
crease Of 81 9o1 .l6s while the value of the exports
for m, week ended Tuesday, October l.
cSs 595 62ll. shows q decrease of $S95.26l. Inc
total value of the merchandise imported INFO
New-Yor& since January l. 1850. to date Is
S13453I453 and $50 7O0,11S greater than Tor
the same periods OF 1879 and 1873 respectively
while the increase in the value OF the tN
ports of merchandise from tins port '"''
wear 10 date is only S570l2.6So on
the value Of 1879 and $i971s.5OO on tha' %
1878 The following table shows 'he ''"'
valne oi the imports and exports ut mercnanu''o 9,
New-York and the respective ba ahces io' ."
aea,ns; the port on the business since January 10
date. for three years ,v,o
'ss!s5sl 's s5S tsIf
ETPssris g excess sa2oes4s e.7l9.oo5 ..... ...
The imports of specie and bullion lprincioail3
gold, for the week ended yesterday amounted to
SO 331. $50. making a total since August z OF
$50. 7766l7. and since January OF S40,G76,6l7
The imports and exports of bullion at this
port since January 10 date for three years compare
as follows: ,s-o 1904
Imnor. s s. iol sso5 57IS s43S5ocs7
Imports es,otis 5 S s557 aSs52755
TIE foregoing statistics snow That inr Io'e'eu
movement of values other than of securities on the
business suce January l. is year, leaves balance
against the port OF Ncw-York OF SlOf.lOiooS,
while fsr the same time III 1879 the balance against
If was only $50 SS7, GIG and for the same time
in 1873 there was a balance in It's favor OF
$33 1868, 1856.
In commercial circles last week the Republican
victories IN Indiana aud Ono eXcried happy III
fuence There was "a sensible relief from anxiety
and uncertainty and a marked revival OF confluence
III the future There less speculation III inc pro-
duce market, but there was good and steady puSl-
moss done At firm figures. The gram markets, both
here and al the West, were eXcIied ana materially
higher prices were made. particularly for wheat
the receipts of which co nparatlveiy hght. Inc
iron trade has remained dull and prices only steady
and the anthracite coal trade shows no improve
,nent which is surprising in view of the near APP
proach of the time of the year when navigation
usually Closes With the dryCoods trade the usual
autumn distribution of goods Is pretty VIII accou-
pshed so that for the remainder OF the season niue
more is expected than an irregular trade such as
comes from a sortmg-up of stocks. Such was the
trade last week except when forced bV concessions
in prices particularly for foreign goods.
Tue bank statement for the week shows further
expansion OF S223U,|OU In lOans WDich pInNS
that item up to the unprecedented figures OF
1913 300. The gains III the MISUNDERSTANDING
specie ana $iO5 400 acknowledgements unlmport-
ant The gross figures Of the statement showed
reduction of 1914 600 in the amount of circulation,
but If there is not in the detailed statement an er-
Tor of 81 100000 in reporting the circulation OF
one of the large banks there Is an error ol
81 600 900 in the addition which makes the clrcu-
lation increased $50, 400. In our statement below
we accept the increase being correct rather than
the decrease. If this assumption is correct the
other changes call for an increase OF
S3. 100000 in deposits which, however, are
reported as increased only $l,5533OO.
The total average for the week-Specie and
Northumberland reported at SoO,399,3OO, or
S2O9lS. 900 more than the amount held at the
same date in 1879 but an increase OF $4s.3OG4O
in loans n SEES he depo, that now tue 20 per
cent ru e requires reserve of S75,G11,725 against
SOS, 201, 325. the sum required var ago. The |
weeks movement results in IA gam OF 1883. 10 to |
the surplus reserve, and leaves it at S4,757,573 !
against 81 ,279975 Of the same date OF 1879. The |
followlng are the comparative totals OF the state
rnenf. of October 9 and October IS: