New-York tribune., 1881-03-28
THE MONEY MARKET.

Tha cotnparlson of the imports ana eApofbc VI
merchandise at this port last week with the Ssme
week of 1880 presents results that are ee reverse
Of nearly all the preceding weekly comparisons VI
thus year. The value tS9,937,76l OF the meronAh-
disc imported st New-York for the week ended yes
terdav NOT only ia S455 371 greater than that of the
preceding week, but 10 also Is $l.4o4,ose greater
than for the same week in $780, On the other hand,
the value (s7 500 SEQ Of the exports OF merchan-
disc for tho week ended Tuesday, March 22, was
1924 SO4 less than the vads OF the preceding week,
and $345 sl9 less than for the corresponding week
of last year. The total movement OF merchandise as
the port from January to the dates named, COM
pared with the same time of 1880, shows an m
crease of 2227, ,119 In the value Of the EXPORTS
and decrease of $16 1S1, ,054 In the value OF tne
imports. The imports of specie lest week announced
to 49, 149 S6S, making a total Of $40 O66S9oo since
January l. against 81 837, ,888 to the same date III
1880. The exports of specie to date tins year
amount to 49, 947, $40, against $3, 3,010O89 for the
same time last year. These changes show COM
paratve difference of 900 314. 335 in favor OF this
port on the foreign movements other than OF hecu-
rites since January 1. The comparison now Is
So 500 416 less favorable than it was week ago.
The weekly bank statement issued Saturday
shows loss of 81 ,SS3, 100 specie and gain OF
$693, 800 ega-tenders. The figures for the specie.
however, represent very nearly the actual condition
Of a week ago, when the statement was made with
falling averages well the syerage OF the iast
week, there having been only moderate movement
of gold either 10 OF out of bank in the week. ana
that more in than out. The SubIreasury balance
of coin Friday evening was 50, ,14S,747 more than 1t
was the the preceding Friday, but its receipts OF
gold by transfers during the week amounted to
81 1885, 922, 20 that, so far as this market Is con-
cerned the Sub-Treasurvs payments of gold for the
week were $138 175 greater than it's receipts. The
Sub-Treasury currency balance also was increased
S767 707 for the week. but up to Thursday night 1t
had lost $209, Friday it received $l.OOO,OOO
legatenders from Washin gton, that its payments
Of currency exceeded the ordinary receipts
$232, ,2O3 The results of four weeks transactions
are as follows: The Sub-Treasury has disbursed
So 537 023 coin, including payments for imported
goid more than it has received except by transfers
and the banks averages at the end of the time show
loss of S405, 800 specie. 10 the same time the
Sub Treasury currency payments have exceeded Its
receipts other than by transfer $6O4.9S5, and the
banks averages show loss of 81, ,1S35O0 legal
tenders Here is an absorption of $500, 900 gold
aud of 81 79o 900 legal-tenders that have disap-
peared from this monetary GENRE within the last
four weeks. The circulation last week
being increased $S50,400, the loss in de-
posits $234J, 1907 is $745i000 greater
than tho other published changes call for.
The total average for last week-speee and
legal-tenders-are reported at $7O,6O3 4OO, or
1867 100 more than the amount held at the Same
date in 1885, but increase of So 800 IN loans
so raises the deposits that the reserve required now
is sos s96 625 against $65. .Os5, 125. the sum re-
quired year ago. The weeks movement results in
a loss of S6o3,5 to the surplus reserve, and
leaves it at 81 7O6775 against 1901, ,175 at the same
date Of 1880. The following the comparative
totals OF the statements of March 10 and March 20:
sorss Is a's3a g Inc OsssP;Ss
LeEsIenders.. l22il2Oe l2sS4soo Inc esSSo9
ggfSS 5SS 2ISSsSSS iSsSSC Ss RSs S:tS
The following shows the relation between the
total reserve and the total deposit liabilities:
ss9ssaeSo esS2 y 6eS pee o.
fosa Fosa'S@GSg' 77ass % 7ososSo Dec 1856
asSs es4ss 200 esssse2s ss es Dec Ss&25s
Compared with that of the corresponding date OF
1880 the present statement shows; Loans lnereaaed,
So 755.30O; specie increased, $2S95, 100; legal
tenders increased, SG82 1000; deposits increased.
S152I6 coo; circulation decreased g. 364 700. The
total reserve $50 603 400 is 1882 per cent Of
the total deposits against 25.s3 last week and 2537
for March ~. 1880
Money during tho week ruled easy, with the gen.
era rate per cent for call loans with all classes OF
collateral and with few exceptions at per cent
and more nc per cent, The lower rates of 2 and
per cent which were made IN few Instances at the
close of the day, made more from the desire of
the lender to mark low rates than from the unwil-
lingness of the borrower to pay the far market
ra;es Of the day. There now seems to DO fair
probability of the usual April settlement sbeng made
without the customary disturbance IN our local
money market The Assay Office has about
SO, 900, 900 Of foreign gold for which payment will
oely int tha w af-
rived by April /. Again. the blockades Of Western
railroads have so seriously checked the movement
of products that the demand for funds from that
part of the country is at least postponed and will
not come at the same time as the Eastern demand
for the spring settlements. Except for the unprece
dented spring importation Of SlO.O00.OOO OF gold
since January l. the situation now would be serious
There are likely, however, to DO q few days when
money will be short at full legal rates-if it Is
no worse no one will complain. Excepting at the |
East the rates for domestic exchanges OF New |
York have not been sufficient to move funds Ia |
either direction. T'e foreign exchanges have been
depressed and the &sts In anomalous con-
diton that defes the experience Of our oldest eK-
change dealers At the close there more stead- |
ness observable. AID without change in quotations
rates were hrmer. |
The last week brought with it no improvement Of |
the conditions in commercial circles. Even the |
speculation in cereals. that is based upon an unta-
vorabe spring for the crops was not fully sustained
because of the weakness of London and Liverpool
markets. While the dry-goods jobbers are moder- |
ately busy the movement from frat hands Is slow |
and unsatisfactory, and in number OF instances |
sales Of staple cotton and wOoen fabrics have been
forced by important concessions in prices. OF course
it Ia the backward spring" that partly accounts |
for the unsatisfactory condition OF trade But at /
this late date in the the Immediate state of the