New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-21
TRADE 1ND FJNANCE RETURNS.

The course of the money market during the
past week has cOrreSponded in every respect
with the indications noted on Monday last
The supply has been ample, although the
banks have not been in position to lend freely.
Large amounts borrowed on time, earlier In
the season, are now freely lent by leading
operators and brokers, and the supply SO ex.
ceeds the demand that loans have been
offered at rates much below per cent toward
the close Of dealings every day, except on
Friday. The bank statement showed gain
OF S3,6S4,000 in specie, and loss OF only
1925, 400 i'm legal tenders, and thus estab-
lished the correctness of the conclusion that
the actual condition of the banks was stronger
ON the 18th by at least 100000 than the
statement of that date indicated. For the i'm
ports of specie during the past week have
been only $663,S9O while the shipments Of
money to the interior have been nearly
81 ,O0O, 900 greater. OF the 100000 in
specie mentioned week ago as on the sea,
over $l.3OO,000 has yet to arrive and Is
nearly due. In addition to this sum, the with
drawals from the Back of England for ship
ment hitber were 81, $4,000 on Monday last,
1915, 900 on w dDesday, and $1,245,000 on
Friday--in all about $4,000 900, due during
the latter part of this or the first half Of next
week. 1t was correctly anticipated, too, that
continued shipments of specie would not cause
any immediate resistance by the great
banks of Europe. Though the Bank of Eng
land decreased its store to $3.50, 455, 900, and
the Bank of Germany to $145.715,00O, the
increase of specie in the Bank Of France WAS
S6,575, 900 during the week, of which over
S4. 600, 900 was in gold, so that its gold re-
serve is now $115, 700, 000-a larger amount
than it has previously held since October last.
But the increase there was probably due to de-
posits on account of the new loan for which
bids were received last week.
Nothing in the course Of foreign trade points
To speedy cessation Of specie imports The
merchapdise imports last week were smaller
nv 1,s11 than those of the corresponding
week last year, and the decrease SINCE Janu-
arv has been $1s,556,O52. On the other
hand. the merchandise exports last week were
81 ,392, 400 larger than those of the CORE
sponding week last year. and The increase
since January l has been $13,372, 944. With
a difference of nearly $50, 100000 in favor OF
this couatry, on merchandise account Mt New
York alone, there has been an increase OF only
al 800, 900 in imports OF specie thus far.
Vet Il Is wel-knOwn fact that the purchases
of securties on foreign account have been
larger by many millions this year than during
the corresponding weeks of 1880. In spite OF
some rumors TO the contrary, 1t does not yet
onpear that this outward movement of securi-
ties has ceased. One purchase of $4,000 shares
of n single stock was completed last week for
a and nihar or1arc n1pnh0Ena
arc frequently reported, while the comparative
smallness of orders to sell is indicated by the
general course of prices. The Judgment OF
foreign investors rs to the permanent value OF
nronerties Is not materially altered by storms
or rumors of storms. The low price of cotton,
which declined to 10sl cents for middllng up
lands on Monday last, brought about FREQ
unrchases amounting during last week TO
ab2s bales for export and 2,30S bales for
conanmption, while the speculative sales
Amounted to nearly 100000 bales. Dealings
IN wheat were also unusually large, amounting
"a nearly 5000, 900 bushels, with fair demand
for export, Notwithstanding the Improvement In
braees, On the whole, no reason appears for
suppOslnR that the imports OF specie are to
cease At present, or that the money market will
be disturbed by foreign influences.
The apprehension, natural at this season,
Chat The bank reserves may be depleted OH NC
Ceunt Of April settlements, diministes "a the
time draws near. During The week ending
March 20, 1850, the banks lost So, GOO, 900 (,
last week they gained In reserve $3,45s, 600.
From March 20 TO April D, 1850, they lost
only $7,4Bs,0 900 ihlb year they have already
on the ocean, to arrive before the end
Of March, over g4,eO0,OO0. Hence there
a ~ 4kasas "a etibhdsa that ffflhef