New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-17
SUNDAY, Jan. 16-P.M.

SUNDAY JAM 16-nM
The weekly statement of the Ncw-York Clearing
House which was issued yesterday is an exhibit
even more favorable than it appears to be on ito
face. The contraction of $1,215000 in loans is 9
conservative step, taken in time, aud when u
creates no distress. The gain of $685., 800 in
specie and legal-tenders is no greater than it was
expected to be, although there were no arrivals Of
foreign gold during the week, and the payments Of
tho Assay Office for gold previously arrived
amounted only to $50. 900. But it was understood
that the statement of the preceding week was made
up on rising averages The special feature is the in
crease of $50 100 in deposits. while the increase
called for by the other changes is only $416z,600-
difference. that indicates the receipt Of about
80, 4OO, 900 IN National bank notes. The exchanges
for the last week again were enormous
($1179, S99, 303. even exceeding the figures Of tho
previous week BY $20317. 1t was noticeable hov1
ever, that while the balances for the weeS
ended January amounted to S44 ,O79, thosd
for last week amounted only to $32,996,I41f
The total average reserves for the week-spece ana
legal-tenders-are reported at $81.l4S.6O0 or
$l 675 800 more than the amount held at the same
date in 1880; but an increase OF ,4OO IN
loans raises the deposits that the % per cent
rule requires reserve of $73,094.200 against
S63 1872 975, the sum required year ago. The
weeks movement results in gain of IS 735, 025 t1
the surplus reserve, and leaves it at $8,054, 400
against 1899. s25 at the same date of 1880. The
following are the comparative totals Of the state'
ments of January and January 10:
Ja9 300 Dec p sgIs
specie $50. 9l94s90o 60. iG2aoo Inc. SSiSgW
bsa, sSS 25s ssSo Inc Inc
circ%laicn on: is.i3S2oS iss2S.o0o Dec. 1900
The following shows the rel ,tion bstwesu the
total reserve and the total deposit Liabilities;
:: 5;:$ !;;;$ rs Is; 's
r:;s sss 's sSsssS Inc ss:
Compared with that of the corresponding date Of
1885, the present statement shows: Loans IN.
creased $50 S73 400 specie increased. $1l ,9O3 300
leQal-tenders decreased, $22S, 100; deposits IN.
creased, $3S.644,9O0; circulation decreased
S3.21O9OO. The total reserve t$S1.14S,6 900 nov
il 27 rs per cent of the total deposits against 285l
last week and 27.37 for January IT, 1880.
The money market during the week did not uni,
formly work as easily as was anticipated. me
piaant,c operations in stocks being the cause
Rates, however, ruled at o and per cent The ~ Z
ture of the call loan market depends upon how nc
bar ks aud money lenders give their aid to fnrtn@
speculatious All knew how poorly prepared ~
hanks with Sos, 7O6600 in specie arg s
xlIllOSOO III ickai-tcuuStcS eot"A
$50, 1922, 800 on handl at the let OF -
August would have been to meet the dram
TO the interior which Immediately followed ms.
date. If there had not been steady ane
largo arrivals of foreign gold II ~
reasonable to expect any material aid from soca j
source for the coming month. No shipments wesy =
reported last week. and 1t is suspected thai
arrivals of next week will compel deductions 2
made from the $2.400OO0 that was reportee "a q
shipped during the preceding week. Aud the - "a
April settlements are not far of that, with
count line rising above $500 0Oo.o 900 on tns "a
posits close mp to that figure and the grandess
speculation of the age In full blast. eonsofvs. 81
will be out Of place. ,st|
The foreign exchanges worked moro nrmv
rates were advanced. first for cables and vi
in anticipation that the Baak Of England wos's =
vance its rates for discount to SO par cen!i ~ q
the event long-sight bills follower, The -. 81
exchanges continued to work favorapy ~ 6
York, but at the end there was sudden ~ q
40 cents premium to par at Chicago We = ~ Z: 8
consider the change ho~"vr rs indicative = &