New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-31
THE MONEY MARKET.
SUNDAY, Jan. SOP. ".

.
. M. r,r.;on Interchange of merchandise at the
MORT of New-York for last week furnishes another
Comparison favorable to this port Compared with
che same week of 1880, the value of the exports IL
S9o5 2o5 more than last year. and the value of the
;ronorts is S3, S31 ,84s less than last wear FROM
January to Jannarv %, this year, the value OF he
exports from this port shows an increase over the
same tine In 1880 vi S2.260,0!5 While the value
of the imports t. January 20. thS vcar slows
decrease Of So 707,591 There were n" imports oi
specie last week 80 that item since Jann Try
stands at S., 679 900, against $S7.503 10 Inc same
date Of last year: and the eypors OF S"e'e s"ce
January IT, date are 1874 ,375 against $'0''4oo 10
the same date In 1880.
The weekly bank statement that was issueh YES
terdav sr YES its chief Importance from the farther
exhaustion of So S42. 800 in loans. which brings
that item I'D to 81 q, $50 200. ami shows an ihua
finn s;nce December "a 1880, Of TlS,26i.3Oo'
which follows contraction OF $32.''z' ~" ''"'"E
The nrecedin9 six weeks. The deposits are up 10
1900 81 300 an amolnt never exceedeH excep'
IN the two weeks that ended November ana 10
1880. Yet the banks hold III specie ana legal
flanders Sc s44 900 less than the amount held JAY
10. 1850. when the deposits amounted "nI' To
S29O714.70O The decrease in specie 522n'''p
is accounted for by tho absorption oil $'l|aSo ~
the Suh-TTeasury's receipts of coin exc 'eding IT'S
to that ainount-whch indicates a movernent from
the interior OF about 100000. The gam of
1902 800 lecal-tendets, added 10 the Treasury
gain of S342,427 currency, Indicates receipts
from the interior Of about Sl.2Oj,OOn
making the total receipts for the week about
ST. 900 900. The increase in cash and III loans about
balances the amount of increase in deposits; :" the
question of receipts shipments of n: 'lnna' oaik
notes does not it did not the preceding week ell
ter into the calculation. The total average reserves
for the week-specIe and Observation-Disclosures reported
at $50, $50, 900. or $i4.653.200 more than the
amount held at the same date III 1880; but an III
crease of 700 in loans raises the deposits so
that now the 20 per cent rule requires reserve OF
1875 628 O75 against $61,9lS975, the sum Ie'.u red
a year ago. The weeks movement results IN loss
OF 1922; 500 to the surplus and leaves al
81 1928 925 against $3979.S25 at the same date OF
1850. The following are tue comparative Totals at
tie statements of January % and January -
ss:s: $ssss }gss$s !:s
S' IS $
The following shows the rel itlon oatwe'h tn'
total reserve and the total deposit liabilities;
Specie. srs r sye 80 fs Dec .Psc
F ss s sssSsS s5S:cSo %
s:sS: ssssss Rss3S!S Hss
Compared with that of the corresponding date OF
1880, the present statement shows: L"s III
creased $27 4S7 700; specie increased. l59jl 300:
legal-tenders decreased. $l29S. 100; deposits III
creased $42. S36. 400; circulation decreased.
S3l69, 600. The total reserve C$s3.552, 00Ol now
is 1862 per cent of the total deposits. against 277G
last week and 1858 tor January 81. 1880.
The money market during the week generally
ruled easy at per cent with exceptions at 4. bni
there were spasms when the rate sharp per
cent and some anxiety shown to its beng
obtained at that. The continuous floating of new
securities is absorbing large volumes of money, aud
sooner later this changing from floating to liked
capital must exert an Influence upon the local mar
ket The foreign exchanges have been firmer, bur
the general business done continues to bc unac
countaby limited in amount The domestic eG
changes are all favorable to New-YOrk. but not
sufficiently so make much movement of currency.
The end of last week brought us near to the end
of the first month of the month that Is likely
to be enorabe in the annals of stock specuatiOnS
The sales Of stocks at tine Stock Exchange i"i the
four weeks ended yesterday amounted 10 IL. ls6l6'
shares. While there has been general advance III
prices since the new year it is the bad y and
indifferent stocks that have secured th" hons
share The following table. showing some of the
principal final changes mot the extreme uctuatlonN)
of the last four weeks. may prove to be as instuc-
tive as it is interesting: