New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-06-06

Total SCI 1000 sl2s $3.50 sl496394 $20Se6A
The Metropolitan Bank during the Same time con-
tracted its loans from $15, 1877 900 to $4,000
decrease of 81 26s, O0O leaving the remainder OF
SO 23S, 700 of the total expansion distributed among
the other forty eight banks All the banks named in
the above list, except the Importers and Tradera
and Park. arc known as brokers' banks" and those
two banks are large loaners of money at the Stock
Exchange The Park Bank statement shows q total
reserve that is $685., $50 below the sum Of % per
cent of its deposits and the Of several other
National banks is only very small fraction above
the % per cent rule. The reported increase OF
81, 1868, 800 in deposits for last week is abous
81 $40 900 more increase than tho other items call
for hut that probably is due TO an uneven working
of the absurd average system, because Is
in inconsistent with known movements OF
specie and egal-tenders to suppose any
snch receipts Of National bank notes. Although
the loss in actual cash only 301 200. the ex-
panson Of loans increased the deposits so that tho
sum required to make % per cent was increased
$I,S4145O, which reduces the surplus reserve
So. 232, $50, leaving it at 50, 490,250 against
$l6.334, $50 at the same date last year.
The following are the comparative totals OF the
statements Of May % and June4:
ss.a. g I; $:ts B:
Isss,sadors SSs$sSS .i ss5sSSS pee s$
Circulation " iesoi,2oo iS.36SS00 boo 1890
The following shows the relation between tho
total reserve and the total deposit Liabilities:
Specie .7S N2E 8 s?s je3s Doc ssss
FS 5i4 SSO 5ss77OS Dee aSSSCS
,$;s$ fsS sS s sssS Dec s
Compared with that OF the corresponding date OK
1880 the present statement shows: Loans increased
500 O3s 900; specie increased. $l4, 043 100; legal,
oDo nn To- in1r aaad
S72 100. 800; circulation decreased, $790oOO.
Tho total reserve 1894, 377 400 now is 27.70 pet
cent Of the total deposits against 2O.45 last week
and 81. y for June 8. 1880.
With such nh expansion of bank loans occurred
dnrng last week the wonder is not that credit ruled
all the week except one day. at as low rates as
3 and gig per cent, but that 1t commanded as high
rates as those named Among the domestic eK-
changes, at the East, Philadelphia and Baltimore
the rates are against Eew-York at the South rates
are weakening, but probably viii not do so sdih-
GENTLY to draw funds from this centre; and at the
West rates have ruled pretty steady at discount bus
not sufficiently TO move either specie or currency
from here. The foreign exchanges were higher and
closed firm, with an advance for the week equal 70
about / L cents per E.
The stock speculation last week presents little that
calls for comment in addition to what was written
daily Every day furnishes additional evidence
that the speculation is steadily growing localized
and another weeks dealings Of tho same character
as those of last week viii make the term apph-
cable when speaking only Of the usual and profess
sional traders. The early dealings exhibited do
preston but later there was rally, WHICH, Wn7n
once begun was pushed with yigOr to Its extreme
limit Special stocks received special care but inc
nature of the market Is such that weakness a. one
point exerts an influence throughout the wno,er
despite the most determined efforts 70 ai'luo .nS
market into two classes therefore to sustain one cas-
1t has been found necessary at least 70 hold the
whole market steady-s feat that, while easy Oh ac
complement by spams. grows irksOme when.
it becomes q steady task. The week was nov
able for sharp advances for some OF %,
newly reorganized and recently "listed s.ochsj
and some of them have paid handsome pron's
those who took the FIRST point to buy them ls ,S
principal argument advanced by those who are III
interested in pushing higher prices u the
Of money, and perhapsit Is good reason II sae