New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-09-05
NETWORK DAILY TRIBUNE, MONDAY SEPTEMBER S 1881
THE MONEY MARKET.

SUNDAY Sept. 4-P. NJ
The values of the exports and imports of mcr-
chandse at the port of New York for the last Gus
tom House week make q comparison that is unfav-
orable to the ports balance of trade. The COM
PARSONS with the values of the preceding week and
with the same week of 1880 are also unfavorable.
The imports for the week ended yesterday valued
at $s,55O,67S, are $1O2,1 Isl greater than for the
preceding week and $407, 527 greater than for the
same week of last year. On the other hand, the ex
ports for the week ended Tuesday, August
30, valued at sc. 900, are $1.504, 404
less than for the preceding week and
$l,597,6l6 less than for the week of 1880.
This makes difference against the port of $685.
143 as compared with the movements of the week of
last year. The imports of specie for the week
amounted to $3913,492, exclusive of 81 600, 900
arrived yesterday, against 3 615 13s for the same
week OF last year. The total imports of specie since
January have amounted to $36,374,977, ag inst
$1S,O3S,111, to the same date in $780,
and the exports of specie in the
time amount to $7O7957, against $6,61s.O67.
The following shows the imports and exports, other
than OF securities, at York since January l. for
1880 and 1881
Specie 1851 so$79S77 n lnS isSsSsds
Total imports 1855 oo4 Dec $2o 7ieOl7
EXPORTS.
81 S. Pee s$I;SfS
Total exports: s27s595,24o 263,58oss Dec I5,oeis6s
the port go. sO,lI4.7o2 6546O,52s Dec 14.654179
Thus while on the merchandise account the bal
ance against this port the business since January
l is only $36793,503, against q balance of
$6S, 69465S at same date in 1880, n decrease of
$31 ,9O1, 155, including tho specie movement, the
debt balance is S65 408. 523, against
$SO,1l4 decrease of only $14854.179.
No little disappointment was expressed because
of the exhibit made by the weekly bank statement
published yesterday. Many persons expected the
showing of large addition to the banks cas- re-
serves, because OF the Treasury disbursements But
TOO little allowance made for the effect of the
their actual condition a certain day Inround fig
ures the banks gained from the Subreasury the sum
of$6,OOO,OOO, but nearly ~ 600, 900 gained in
the last two days of the week A calculation of
amounts and dates of the gains shows that
the total $6,00O,000 in the statement
averages only about 81, 500 600 from which is to
be deducted 81 200, 000 which THE TRIBUNE esti-
mated az the amount of specie that the preceding
statement reported in excess of the amount actually
held Friday night, August 20 This would permit
yesterdays statement to show n gain of 81 500 600
But the shipments during the week amounted to
about T3,5OO,OO0 which SUN probably counted in
the averages as about 81 .G0o,o 900 Hence with
real gam Tor the whole week of about 50, 800 900
specie. the statement reports gain of only
$lS2,4oO The actual figures of Friday eve
ming would show that the banks hold
about Sl5O0,00O more specie than the state
ment reports. A loss OF 1908 900 in legal
tenders Is reported. The Sub-Treasury's gain in
currency for the whole week was $3.50 G22 Loaus
are contracted sc, 162, 400-a movement that com
mends Itself to all conservative people The re-
ported decrease of 1874 100 III dcp0si is 81 1885,
500 greater than the other changes call fora dis
crepancy that in this instance is due probably to
the uneven working of the average systems. The
result OF the reported changes is that last weeks
dehcit OF ~, 56s,O2J from the rule of 20 per cent
reserve Is reduced to 81 ,O2O 100. The true stun-
tion probably Is that there Is n small surplus
he following are the comparative totals of the
statements ut August 27 aud September 3:
Aug. ~ Sept g. pir.rences
loans s3i3 G96oo 1857. "07 100 Dec al ~ 100
Specie ..;... t&l5ltpQ u2.3i3.sO0 Inc lI2' 400
tegaitcn lb,2lu,Bo0 l5.Gt7,gO0 D.c 5,li ION
Deposits S2S. 1900 3l58g5 800 ,,D
CIRCULATION i95SO.0Ju iB.gs3.2uU Inc 'snn
The following shows the relation between The
total reserve and the total deposit liabilities: