New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-07
THE MONEY MARKET
sUNDAY, Nov. e.,

THE MONEY MARKET
| SUNDAY, Nov 6-P y
The value of the merchandise imported NJ NJ
York for the week ended yesterday is 81 $50 2oa
being $685. 791 greater than the value for the ,,.'
ceding week, but 1851 1926 less than the vah,s -.
the same week of 1880. The exports of merebao-
disc for the week ended Tuesday, Noyembe,,
valued at $5.91O,615) were exceedingly small
being ST. Al q, 500 less than the unusual amount ev
! ported in the same week In 1880. The imports "a
specie for the week amounted to 81 ,493 OS4 agamss
| $754,572 for the week In 1880, and the total i'm
ports of specie since January have been
500, SO4 $685. or So 300 429 in of the imports
for the same period in 1880. The export,
OF specie since January / this year have
been 81 $685. greater than last year. The fol.
lowing shows the imports and exports other
than Of securities at NewYo since January for
1850 and 1881
49, s$ Dec s eia:7Ff1Sss
Specie ............ 5o49550O 6SsOi929 Inc sSO9iss
Total imports s44 1856 1926 900 Dec s4I4OIss
EXPORTS.
ss cSSs PsS 3isssSs s
Total exports, s3594824lI $751; 1917 Dec s2827s2si
the port .. IOs.4I2,s74 e52s44ss Dec. IsI27ss1
Thus. while on the merchandise account the bal
ance against this port the business since January
l is only S51.286.622 against a balance Of
$66, 04O,257 at same date In 1880 decrease OF
S14,753. G35, including the specie movement the
debt balance now is $95,2S4,4 s3 against
S10S, l2.374 decrease of only $13,127, 891.
The only noteworthy feature of the weekly bank
statement of averages is the fact that the banks
showed a liberal policy and expanded their loans
2 4 81. & 1.
is shown by the fact that the deposits were increased
"a, 043, 700 despite reported loss of $595 200 in
cash. The result of the Treasury operations and of
the imports of specie for the week was gain to the
banks of Sl042ll coin, and a loss Of S27l 437 cur
rency; net loss $lG72 As the shipments to,
and receipts from, the interior during the week
about balanced each other. it is clear that the loss
OF S59j 200 cash now reported is due to the fact
that the preceding statement made up on fall
ing average for the total reserves then stated
it was Az the increase in deposits requires
Sl,0lO,925 greater than was required last
week, By the % per cent rule, the nominal surplus
reserve is reduced 81 ,606, l25.
J he following are the comparative totals Of tbs
statements of October 80 and November ..
S;s Inc D'aSSrPSts
fsssi9 s Dec PsS 1868 1868
Gsg2 Inc Inc SS
The following shows the relation between the
total reserve aud the total deposit liabilities:
29. Changes.
IsElitender,...: i5Ss2i0O i5,5iISoo Dec. 10000
Total reserve. s7672O,5OO s7&i25.SOo Dec $685. 200
against depsts 72Ooa7oo 73,o2o025 Inc. l,OIGs25
surpIs s4,7IOsOO s3IOi675 Dec sl,60G,l25
The banks now hold in cash-spece and legal ten
dcrs-S2, $50 900 less than the sum held year ago.
But the loans $110l9,300 smaller than
them and the deposits Sl5,7l4,200 smaller; so
that the reserve required by the 20 per
cent rule now is $3, 92s5 less than it was year
ago. Hence the surplus now is f3, l04, $50 against
1872. 125 then. and the proportion of the total
serve now is 26.O6 against 25.62 per cent at the
same date OF 1880 1t, however, is worth remem-
berng that last year there was IN expansion Of
$4,000, 900 in loans to 1924 ,OOO, 900 in the first
week in November, but that before Christmas the
banks were compelled 10 contract 49,, 1000, 900 OF
loans, the falling from $7s, 800. No
vember g. 10 $665l3. 100. December IL.
The following the totals of the statements at
the corresponding date for preceding years: