New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-14
THE MONEY MARKET.
SATURDAY, Nov. I'D L,

| SATURDAY, Nov. PPM
The imports of merchandise at this port continue IA
show material increase in values over the irnporta
tons last year while the value Of the exports show.
| declines, although comparing with values smaller
than the weekly average of last year. The i'm
ports of last week valued at SO S64. 6l2, bring
Sl,219 953 more than the value of the imports for
the same week in 1880. The exports for the week
ended last Tuesday were valued at $6029,302, or
500 4O3 less than for the same week last year. The
figures for the exports represent much smaller
movement in quantities for this year than for last
year. because of the higher values now ruling; for
instance wheat now is 81 80 against 81 20 year
ago; corn is 90 cents against 50 cents; pork is
$17 so against S15 % and lard is 113s against 3d.
The specie movement for the week was very small;
the imports amounting only TO $14S.OS3 against
So, 107 1877 for the same week of last year. From
January l to date the imports of specie have
amounted to $53 $50, 26S OF, S1,349,57l more than
for the same time in 1880. The exports
of specie since January /, this year. have
been 81, 522,684 greater than last year. The fol-
lowing shows the imports and exports, other
than of securities at NewYork. since January l. for
1880 and 1891:
Merchandise $3.50 4 Sss Dec s4ssSSss99iI
EXPORTS
5$ 5ss 5s55s5b Pee Pee sS;a
Total exports $685. 8s2362 6ii Dec s2840o7is
the port ~ ll2,764,27o ss.Oss,sO7 Dec ls,sso,872
Thus there has been a decrease of $43,4906 6l in
the value of imports since January 1, compared
with last year, decrease in the value of exports of
$29, 9s3 3S2, and the small net difference, Of
S173, 093, III the specie movements leaves a debt
balance against the port, the business since JAM
nary l, of 500 OS3 907 against SIP 1914 279 at the
same date in 1854 decrease (S136S0,372j so
small that a continuance of the present ratio VI
increase in imports will soon etface it.
The changes shown by the weekly bank state.
ment, published yesterday, in themselves are I'M
important and insignificant. But considered in
connection with the Treasury movements and the
reports as made by leading banks, of the movement
TO and from the interior, they develop absorption
of funds that has not been covered by the ordinary
sources Of information. The net result of the SUBJ
Treasury movement for the week ended Friday
was gains to the banks of 1851 1852 coin and
S14S,023 currency. The movement, however, Of
gains and losses distributed that by tho
average system they would figure in the
weekly statement as gains OF SSGS, 100
coin and $135, 500 legal tenders. pro-
vided tho currency payments of tho Sub
Treasury were in legal tenders. According to bank
reports the movement of funds to and from the city
was slightly IN favor of the city, Therefore, the
interior movement may be ignored. But the bank
statement shows loss of 1924 800 specie instead Of
a gain of $S6S, 100 and a loss of 1855, 500 legal
tenders instead of gam of $135. 500 The explain
alton given of the discrepancy is that consider
able shipments made by private firms connected
with the construction of railways the far West,
and which are unaffected by the exchanges at ~.
Louis aud Chicago; that for such shipments tho
cash is drawn out of bank by the shipping firm, and
the bank has no knowledge of its destinati n.
Upon this hypothesis the shipments of last week,
ex bank seem to have exceeded S1,000,000 of coin
and legal tenders. The decrease in deposits
(SI, 4O5. 200 is about 100000 greater than tho
amount called for by the other changes, and indi-
Gates further liberal shipment of country bank
notes. The result of the reported movement Is q
decrease of S132, 100 in the surplus
The following are the comparative totals Of the
statements of November . and November II.
Loan, ssl$osoo sss2soo Dec sga IS,
specie m. 60,935O0 6o7ss90Q Dec $4,000
beSoss 2920s2500 2sc677 500 Dec l,G052SS
Circulation. 80. 2OOOS4O0 20,Oi3,l00 Inc. $4,000
The following shows the relation between tho
total reserve and the total deposit liabilities:
isssaasi, S$ SS SSS Bee Bee ' 55SS
Total reserve, s76I258Oo s76,6lI,ooo Dee. *48s4O0
7soaosas 726ees25 Dec $4,000
Surplus reserve. s8IOL67j s2g72575 Dec. sI32,IOo
b,rlys po,r hold In caah-spaca o,1 lau.l-tan-