New-York tribune., 1881-12-12
THE MONEY MARKET
SUNDAY. Dec. LIN

II. N.
The value (p6.993, ,6i3) of the merchandise i,,.
ported at New-York last we-k was somewhat Les.
than the usual late amounts, and $508 749 lea,
than for the same week of 1880. The exports NJ
merchandise for the week ended last Tuesday were
valued at ST. 100. .090 or $777952 less than for tbs
same week of last year. The imports of specie for
the week amounted to S2S5, ,63S mot incud,ny
9111,640 gold which arrived Yesterday. against
$4,02I.9l7 for the same week of 1880. The total
imports of specie since January to date, this year.
have been $55, ,225. .96S, against $64,592.532 for
the same time last year, and the exports of specie
this year have 81 552 105. 81 1865 976 more
than last year. The following shows the imports
and exports, other than of securities, at NewYork,
since January !, for 1880 and 1881:
DPoRTs
Merchandise 524 s4I26ii, i7s Dec s4o5s9 4s
specie......-.. 6i,592,'S2 56,225.aeS Dec. 9S6G64
Total imports. s46S lS7l47 s5Os5sscs
Merchandise Dec R9sa%7EssS.s 9s7sFss
Total 62d2is $3o5os8Si6 Dec $83 l5IsOa
the port slls9sO.sss siOsOi,s21 Dec slGos2oO7
Thus while there has been decrease Of
$40, ,o97, ,345 in the valne of imports since January
1, as compared with last year. a decrease in tho
value of exports of $34 797 s7S. and the net differ
ence, of $40, 1872 $40, in the specie movements
leaves debit balance against the port the busi-
ness since January 1, of $103,04S,s31. against
$1l9 $50, ,s3s al the same date in 1SS0-a decrease
of only $16, ,932 007.
The changes shown by the weekly bank statement
published yesterday are small and unimportant
But in the items of loans and deposits they make
a marked comparison with the changes shown by
the statement for the same week of 1880, when the
loans were contracted $11,741, ,900 and tue
deposits fell 1914, 800, by which means the
deficit in the reserves of $2,461,S75 for the
preceding week was reduced TO $S3,200.
The net result of the Sub-Treasurys move
ments for the week ended last Friday was q
gain TO the banks of 1921 ,276, but the movement
was so distributed that in the bank statement it
would average loss of about 5000 600 instead Of q
gain The known interior movement for the week
net loss to the banks of only about $3.50, 900, but
this may figure in the averages as loss Of double
that amount. SO it is probable that from Saturday
morning, December ., to Friday evening, December
g. the banks actually made a small gain in cash in
stead Of losing 579 300 reported for the average
of the week The contraction of $532, 500 in loans
aud the loss of 1919 200 in specie and legal tenders
less an increase of sos 200 in circulation, calls for
decrease of 81 Ol3. 800 in the deposits, which
reported as decreased only 1892, 400.
The following are the comparative totals Of the
statements of December and December 10.
P?s 2ss 5S Dec D15sgs;
specie ...;......- 953lg92o q s5s 800 Dec 1920
Legal tenders. i5.-6l,1Oo l9IiO.foO Dec iZL5Ny
cGeG s$oS Ss THs
The following shows the relation between the
total reserve and the total deposit liabilities:
fs.:sssd. 'issjSS i5?$$ Dec BE-; ls
roalro,ervo.. s7i,I7s,5Oo s70559,SOo Dec S579,9Oo
sgaust dep'sits 7i,GO9,S75 7l.56l,275 Dec 4sl0o
Defcit..........- s4SO,s75 s96l 1915 Inc. s53i,l00
The banks now hold in cash--spece and legal ten
ders--4 OSG 200 more than the sum held year ago.
The loans now are $40. S29, 700 greater than then
and the deposits are S19, 900 greater; that
the reserve required by the % per cent rule row is
i9G4.975 more than it was year ago. Hence tho
deficit now is $9Gl.975 against deficit of
$s3 200 then, and the proportion of total reserve
now is 24.63 against % per cent at the same
date of 1880
The following are the totals of the statements at