New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-06-06
THE MONEY MARKET.
SUNDAY, Juns D-P.M

SUNDAY, June 6--P. u
The imports Of merchandise at New7Yofk for ne
week ended yesterday were unusually hght being
valued ct only q, sos 216, or ,045,5i3 isss than
for the preceding week and y, 761, $50 les thsn
for the same week of 1880. The export movements
Of merchandise for tho week ended Tuesday May
81, amounted TO $751;, Gal. or 81 ,23e, 700 moro
than for the preceding week and sat-, e1e more
than for the week of $780, The imports Of 1pecie
for the week amounted to $500, 1857, making .
total since January Of $29,924,479 against
81, 2eO, 263 for the Same time last years and
the exports Of specie for tho same time amount 10
$4,s7s,948 against S4,212,e24. Tho following
shows the imports and exports, other than Of soeu-
rites, ct New-YOrk since January l, for 1880 and
1881:
nRoRTs.
Fsi: imports, asssssS sss:is b:s ssss
KxroRIs.
Merchandise lsSS s Inc Ois;Es
FSts sIDor ,sss sssfs stSs Inc Inc 4
Thus, while the merchandise account for this year
shows q balance against this port Of only
$21, 233, $50 against $6o, e49, 1888 balance tbs
side for last year, including the specie move
ments the balance against the port the business
since January l, 1884, Is still $46,279,91 against
$G6, $685. 772 to the same date last year.
Seldom has the weekly statement Of the associated
banks of New-York attracted 30 much attention and
excited so much comment as as did the one issued
yesterday loss In the total reserves expected
by all well-infoned persons; So although the loss
of So 391 200 in specie and legal-tenders per-
haps greater than was expected, that change did
not excite surprise. But further expansion In tho
amount of loans to the extent of some 81, 100000
would have occasioned remark, and therefore the
announcement that the loans were increased
80 OG9 200 making that item up TO $341 ,094, 90Ot
or sos, O3s 300 greater than 1t at this date In
1880 and $40, 1914 300 greater than it ever be-
fore January 1, 1881, was q startling surprise to
that entire class of fnancers whom It is fash
ionabIo to denominate as 4" old fossils This item
of the statement Is attracting such unusual atten-
ton that few statistics in regard TO the rise and
fall OF the loans and discounts at this moment prom
ise moro than ordinary interest. From January !,
1880, to the present time the weekly statements
of tho New-York banks have shown extensive huc-
tuations in loans as follows: January 8, 1880,
1915 700, 200; March Is, 1880, 1927, 256, 900;
May %. 1880, 1912, $50. 800; November 49, 1880,
1924 $40. 900; December "a, 1880, 1922, Az, 900.
February 49, 1881, 1890. s07, 800; March IL, 1881.
S296 252, 900; juno 4, 1881, $34l ,094, 900.
Hence since March IL Of this year the expsnaou
udb dinOhnNu w PfFbOT@tOON' NNAiP"'Sh "Asn
year ago. the total reserves now $94, ST, 400
against $S3 043 $780, an increase Of Sii 1888 900 in
cash. but the loans arc increased $65, 03S, 300,
or nearly six times the amount Of In
crease of the reserves. In the last four
weels-since May 1.-THE loans were expanded
$50 244, 800. But of that amount the sm Of
So OO7 800 is contributed by the United States Ma
tional bank. that lot reporting Maye7. There
fore the expansion for the four weeks Of the old
banks amounted to $27, 237. 100. An analysis of
the detailed statements Of the respective dates In
dictates the direction in which the expansion was
made. Eleven banks, with aggregate capitals Of
$21, 200 900. increased their loans 500 $50, 400
from May T. 1928 673 900. to June L. $149 539, 400.
The following statement shows the capitals and loans
at the dates mentioned Of the eleven banks referred
To the statement omits the last two ciphers: