New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-14
THE MONEY MARKET.


.,,a $50 $50 1927 of the imports OF merchan-
JUG - NOR, of New York for the week ended
nso 80 "a S715, 1921 less than the value Tor the
yeSs,.c Ueek. and $3S0.725 less than for the
p0'..osk al 1880. The exports OF merchandise
sane ,his mort. valued at $S,921 297 for the week
Nun ~ ruesday. March 8, are $4,000 more than
enI.S n,ecedlng week. and $1.145,343 more than
w .hs corresponding week OF 1850. 'he
ief ,oroent of merchandise at the port from
lo''l n fhe dates named compared with the
time of 1850. shows an increaseOt *ll,lSO'3l|
A. value of the exports and decrease "l
n,,o,o Gal IN the value OF the imports. IN nm
- Of snec,e last week amounted 10 $1.GOSo76.
g's,nc a total of $6.S55.270 since January !
.~.inst 50 1873 900 to the same date IN 1851 the
ss'u % snec,e TO date this year amount t.
20 1901 against $2,6O7.0l5 Tor the same hlne
So, These changes show IA comparative dIf-
a,snc Of sol $50 ga III favor of this port on the
90 movements, other than of securities. since
January l. I'LL. .., o,o,o,,,,.o,
,,.nortant in showing that the move
-. % funds 10 the interior was greater
- oe,eral,y was suspected. or that
49,. 10 aone other dlsa 9pearance Of the cash that
-. nm the market Ii is true that TITO Treasury
.,r,sn, of bonds purchased Wednesday only
En...ls Affected the averages of the week. aud
.h.,sfot. that 81 far NJ treasury movements are
..,carned the bank average Uf specie Is rising ono
Rot il also is true that the same WAS the fact at the
o5 of the preceding week, and the Specie AVERAGE
a that statement should have been rising one, as
A undoubtedly was far n affected by the lr''aS-
urr movement During the tw" weeks ended FRIDAY
night the Sub treasury at New-fOrk paid out
S6 15S259 more gold coin than It took in from tins
market ats coin balance reduced only ~ 653, -"
hat dunnR the time 81 500 ONO received from
che Mint Yet the hank stst-ment OF saturday shows
adselne III I,r spoc,e average SINCE the statement
of February 20 two weeks. Of $22O62OO The de-
slipe shown by the Statement for The week ended
March of So 80. 100 specie understood 10 be
because the statement Of February 26 only partially
rept.sented tue osus vi that week. and not because
of Losses Ia the week ended March D. The loss to
che bank reserves because OF deposits retire
lston was unlinp0rt after SATURDAY. February 20
and on the same day tie Treasury disbursements for
nnrc ased bonds began. Therefore some other
thsory than that of a fault in the average system
must be adopted TO account for a discrepancy he
tween so small gain IN specie bv the banks ~
1918, 900 last week, attef decline "f $3 40 100
for the preceding week. aud the fact that during the
two weeks the Sub-Treasury has gwen To tins
market So 153. $50 more com than II has taken from
IL The legal-teuders declined $50. 800 last week,
but In the last two weeks the loss amounts to
S2621, 400. In the same two weeks the Sub
Treasury currency balance was reduced Si5S, il3.
Undoubtedly last weeks statement IN malc
on rising averages for the reserves, hut
much less 80 than In the popular Impressl"n
The total average reserves for last woek-sPrcIn
ane legal tenders-are reported ut $bs,Hi4.6" or
sl245 200 loss than tue amount held At the sa'ne
date IN 1850. tut All increase Of $l,2S7" 500 l"
IN. depos,ts requires a reserve now Of $G7 9l7 300
against SG7 595 $50 the SUM required 4 yrar aga.
The weeks movement results III changing the drilr
Of $427. $50 last week TO surplus OF S4l7 ,4W
against 81, 935 $50 nj thr same date Of 1880 The
following arc ti,r comparative totals OF the state
meuts of March and March IL: