New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-07-25
THE MONEY MARKET.
SUNDAY. July Pap. NJ.

SUNDAY. July PAP. NJ
For the frs time in several weeks the imports OF
merchandise week at this port show larger &C.
cline in value from the imports for the same week
of last year than the decline in the value of the ex-
ports for the corresponding week. The value OF
tn imports for the week ended yesterday
was 81, 397 900 or S2,171 Az less than for the
same week of 1880; the value of the export for
the week ended Tuesday, July 10, was $7,369,o3
or 81 .5ijS6S less than for the same week last
wear. The imports of specie at the port for the
week amounted to $509lG, making total since
January to date of $50 4Sf,1sS against $o,Oos l"4
to the same date in 1880 and the export, of specie
from January l to date amounted to S6,oOl,764
against So O24, 500 for the time last year.
The following shows the imports and exports, other
than of securities, at New-York, since January l,
for $50 and 1881
IMPORTS.
Merchandise sqsssS79 s2a7sSe Dec &soaSscs
Totsl imports 29$035S6 2GS4si5s2 Dec 2l52o75i
EXPORTS.
Merchandise l$sG s2lGiii4e, Dec hPi's@$?s
Total exports 29G,s5oiss 2lSGi7'aa5 5d5s9Go
the port. 67,O52lls 5l,86l,32i Dec l5,ls7,794
Thus while the merchandise account the bal
against the port on the business snce January
l is only S27,sS1,900 against balance of
$G7 O6s, 793 year ago, including the specie move
mcnts, the balance against the port is
date IN 1850.
The changes shown by Saturdays bank statement
were unimpOrtant as to amount. But the character
of the changes IA surprise. The of $496, 100
is small amount to add to the previously reported
amount of loans; yet it is an expansion where
traction was expected. The operations of the Sub
Treasury during the week added $S49,196 to the
local supply of specie but for the first days of
the week the addition was nearly $1,000 OO so
that the bank averages had the benefit of
fully the net result all the week. Yet the banks
report a loss of specie to the amount of Si55 800.
The currency loss of the Sub-TreaSury was
$17S 23S and the banks report loss in legal-ten-
der of 1906, 700 These changes call for a decrease
of $500. 600 in the deposits, which are reported as
increased $1,459,300, making a discrepancy of
81, 725,000 In view of the apparent outgo of
about 81 100000 specie the combined loss of the
Treasury and the banks and loss of $500 700
legal-enders it is hardly safe for the dis
crepancy by the supposition that the banks received
large amounts of country bank notes. The banks
would hardly ship legal money, and that in gold if
they had National bank notes to ship.
The following are the comparative totals of the
statements of July IS and July %;
loan. 34{ 10 ss@ %ls Inc Ds sS5
H:"" ijss$$ re- RS as5$$
The following shows the relation between the
total reserve and the total deposit liabilities:
Specie ......... SI9i69oo ssIa9f 400 Dec $i59S60
Icgaltendcrs.. 1705N7O0 l6.752OOO Dec. sos q
Total reserve. 99OO56OO Dec
Reserve required
against S7799S75 SS.lGi. Inc 9oj
Surplus 1l,2O5725 lOO7S.7 Dec l o25
Although the banks now hold sos .2i3 400 in
cash, or - S3330O more than at the same date last
year, an increase of 54,722 200 in loans and the
consequent increase of SOL 1855 500 in deposits SO
raises the amount of reserve required that the sur
plus reserve now is only $lOO7s, 700 against
$1S,471,275 at the same date last year, and the
proportion of reserve to deposit is 27.s5 per cent
now against 5000 per cent July p, 1850.
The following the tot ais of the statements at
the corresponding dates for preceding years: