New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-10-17
THE MONEY MARKET.
SuNDAY. Oct. 16-P. VI.

SUNDAY, Oct. 16-P. VI.
The value Of the merchandise imports at the fofI
of New-York for the week ended yesterday was up
to the average amount, having been 1S'4ll 'ooo'
an increase of 1888 1913 over the value of the pre-
cediug week. and of $22S S33 over the correspond
ing week of last year On the other hand, the eX-
ports of merchandise for the week ended last Tues
dav were only to the unusually small value OF
So 536. 912 decrease of 81 O00. 1888 from the pre-
cedng week. and of 50, 0SS 700 from the same week
in 1850. The imports of specie principally idl
last week amounted to $l,7S7,3l4, against
So 800. 2S7 for the same week last year. The total
imports of specie and bullion since January
l. this wear, have been $9,U77.S27 greater
than for the same time last year, ana
the exports of specie and bullion nave
been 81 513 s33 greater than last year. The fol
lowing shows the imports and exports o'ner
than of securities at NewYork. since January l. lor
1850 and 1881:
33 7 SO n Ss S G577s9
Total imports 55 767 1896 5s2 Dec. s36S7Gls1
EXPORTS.
ssasa s'"% Sss5 P ss
Total exports $3.50 S579l9 $8IOGG9O59 s2olsS,So7
the lOI,bS0,SlS o00on'"'' wv '''''''-
Thus. while on the merchandise account the bal
ance against this port the business since January
is only $45.34O279 against a balance OF
$G9, 90, 5G1 at same date III 1850, a decrease OF
500, 751, 2s2. including the specie movement the
debt balance now is $S5,50653O against
SOL G93. SIS. decrease of only $lG.lS7,2SS.
The important feature of the weekly statement
of bank averages that was published yesterday Is
the liquidation of is SO 600 of deposit liabilities
OF that amount of foundation %7,775,OO0 was ac-
compllshed by contraction of loans. leaving a
remainder of $l,10f,G00 Qess an increase OF
900 in circuia;ionl to he accounted Tor by
cash payments The loss Of caSll-Specie and legal
tenders-was 81 400, 800 or $32300O more than
is requisite to cover the amount-a discrepancy
however that easily may be chargeablc to an I'M
even working of the average ~ tenn. The result
of the Sub-Ireasury opera ions Tor the week was
net gain to the banks of Tl2ll,Ol5 IN specie ana
of S124.342 currency. In the bank statement,
however. the actual specie gam of $l,2ll.ol5
averaged a gain of only 5000, 100 The specie ship
ments during the week aggregated about
81 900 900. So il is probable that The banks ac-
tual holdings of specie on Friday evening were
about $4,000 greater than the amount reported
as the average of the week. The result OF the
movement as reported is reduction of TN1o,4Oo III
the amount of deficit from the rule of % per cent
reserve TO deposits that the deficit is T2,522s15,
against 50, 1927 week ago.
The following are the comparative totals OF the
statements of October and October -:
sqo 9gt 300 .ei 2ri aoo Dec p g. 90
specie -. 5G.I2i.i01 ,-oL4nl Dec. L-2l ol
Issaonder' t.5a zoe oao !6} i bDc s5o
circuiaron. i0s57IOO lao9Gl % Inc $4,000
The following shows the relation between the
total reserve and the total deposit liabilities:
OclS oct 10 change,
spocio - s5G55i 100 s5a.-O7.2oo Pee ,r21.-nU
Legaltcuders.... l4.-5G.SlO l5l7i,joo Inc. 3l"'o"
Total reserve 81. 89i 200 sG9gsl 200 slIO'.5oo
against sits 7472i475 725o575 22loooo
Deficit reserve. sS.355975 s25l2s75 Dec s,.o.4oo
The banks now hold $IO,417.GOO in specie and
legaltendcrs less than they held at this date last
year, Yet the loans are still $2,537,0OO greater
than they were then; hut the deposits are tl25lo,-
600 less. The reserve required by the - per cent
rule nov is 80 1877 $50 less than required year
ago bul the smaller amount of cash held now than
then leaves deficit of j., 80 SO against surplus
then Of 81 757 80 and the proportion OF the total
reserve to the deposits is 2Il3 per cent against
26.57 at the same date in 1850
The following are the totals Of th' statements at
the corresponding date for preceding years: