New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-08-29
THE MONEY MARKET.

SUNDAY. Aug. 28-p. NJ
The value of the imports of merchandise received
at New-York for the week ended yesterday, was
So 443, 527 or $780, 27O less than the value OF the
merchandise received III the preceding week, ana
$267, $50 less than for the same week OF 1880 Inc
value Of the exports $50 23s O94 for the week ended
Thursday, August %, shows large increase
go, 631, 1853 over the value of the preceding
week, and it is $2OS2, 1922 greater than
for the same week of last year. The imports OF
specie last week amounted only to $291,53
against So, 1862 80 for the week of 1880. The
total imports ofspecie since January have amounted
to $50 ,461 ,485 against $14, 97S to same date
last year. and the exports of specie in the time
amount to 81 1887, 10Y this year against $685., 0SS
last year. The following shows the imports and
exports, her than of securities, at New-York,
since January 1, for 1880 and 1881:
IMPORTS.
Merchandise Sssese s2s4oS524o Dec sasassGi6
SSSs Imports Dec s3s
EXPORTS.
s24dS$72. Dec Ra%GsRig;
Total exports 27S283S6i 2e5Ss5,54i Dec Dec laG57i25
the port ... 7e71s7os 5a9Oo,s93 Dec. 1esi7slo
Thus while on the merchandise account the bal
against this port the business since January
is only %34,976,515, against balance of
SOS, SS3, S13 at same date in 1880, a decrease of
debt balance now is $4,000, S93 against
$76,71S.703 decrease of only $16,s17s1O.
The comparative statement of the imports
and exports of merchandise and specie bull
ion for the whole United States from january to
July 81 is as follows:
sOvcnmths ndcd IulySl; roo,
apasS f'fS Inc Inc s3 55
Total .. &i92 I7I,556 s5oi, l46OI8 Inc $s.97I,457
EXPORTS.
Merchandise 200 $3.50 noc 81 i
Specie e99552 35,687,52o Inc 25,676,96S
Total 752 5,seoo19 Dec sss,loe,7s3
ports si3677 so4 ss6o5599i Inc s42.s7s 100
The weekly bank statement issued on Saturday
shows a loss of $4,61S, 300 in cash. made up by a
loss of $685., 900 specie, less currency gain of
$36S. 100. These changes surprised one who had
watched the movement of funds during the week.
Apparently the Sub-Treasury took from the
banks from Saturday morning to Friday eve
ming $1,s6s,O52 in coin. But on Friday
evening the banks held Sl,200,OOO Treasury
checks, which they counted rs coin although
the checks were paid through the Clearing
House on Saturday morning. Yet as the 81 200, 900
in checks counted only one day in the average the
Treasury operations for the week figured in the
statement as an average loss of specie OF about
81, 100000. The shipments to the interior
amounted to about $l,25oOOO, which counted
in the average about $2,25oOOO, and
the sum of $1,50o,00O allowed for the
discrepancy between the actual amount of gold
held on August 10 and the sum reported for
the average in the statement Of August 90
makes mp the loss reported by yesterday 3
statement. While at the end of the week the banks
were gaining more specie from the Treasury than
the amounts Of the interior shipments, the actual
amount held was probably over 81 ,O0O. 900 less
than the amount reported, the average. Loans
were contracted $6,17320O, which, together with
the loss of cash, calls for decrease in deposits of
$10792, 1907 the decrease reported is 81 OH 300.
The whole movement results in increase of 3D.
scoops in the deficiency of reserve that the de-
fciency now is 80, SOS, 025.
The following the comparative totals of the
statements Of August 20 and August 27:
Loans ss 5 800 So ADs "a Doc s5 zoo
f Bs5s.i, s7S5s SS ss 5iSS Re-
cirSGlaon ia56G0oS lS55dSJO i HSs 4sSSo
The following shows the relation between the
total reserve and the total deposit liabilities:
se7 Aas 9 so5 Aqs f. ga Dec ia9g SsS
4s 75sSS bee ss
p eSsP ss ass as P PSs
The banks now hold $2.3s700O in specie and
legal tenders less than they held at his date last
year. Yet the loans now are $32 G31 800 Greater
than they were then and the deposits are $27 29s-
400 greater. The consequence il that the reserve
required by the % per cent rule $40, S2i =
600 more than was required year ago, and hence
the deficit OF $250S, o25 against surplus then Of
$6643575 and the proportion OF the total reserves
to the deposits ia ~ 20 per cent against ~ "a
at the same date in 1850.