New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-10-10
THE MONEY MARKET.
SUNDAY, Oct. 9-P. N.

olordisa AZ the mort of New-York last week were
rr,sroIl, small Yet the value Of the imports,
which was ST. 95S ,237, exceeded the value OIL ING
exsorts. and was only $3.50, 025 less than the Vaue
of the imports for the same week in 1850. Inc eX-
ports for the week ended last Tuesday were Valueu
at 81 537, 795 which is $7097 less than was the
value for the same week of last year. lhe imports
of specie last week amounted TO $S77,3ol' not III
Guiding 1924 900 that arrived yesterday. The to-
tai imports of specie and bullion principally Poidl
since January l, his year, have been SlO,620oOO
greater than for the time last year. ana the eA
oorts of specie and bullion principally silver have
been 81. 5G4 $50 greater than last year. The fol-
lowing shows the imports and exports, other
than of securities at New-Yori since January l. Tor
1880 and 1881:
voro,.r,,.o s,at st 1888 81 : o7 Dec si5Gssl5
Specie Sd74G596 473Gl396 Inc IoC-o2OD
Total imports sl2l o8s CAS- s8sj07GGc2 Dec s%5o02o6
EXPORTS.
Merchandise 1853 q Pc I 55s
specie............ 7235629 'SoooIi Inc .,oo'D2D
Total O9983I s3Ol,05osoo Dec sl7l4aoal
01 he per against ososo317 slO20So3 Dec. lz9l9o4
Thus. while on the merchandise account the bal
ance against this port the business since January
is only i2,4G5,521 against a balance OF
SG9. 434. $50 at same date IN 1850, decrease OF
$2G.9G8, 800, including the specie movement the
debt balance now is $S1, 026303 against
sos, 1887, a decrease of only Sl7,0f3Ol4.
Generally, guesses Of what changes yesterday
bank statement would show undarestlmated the
amonut Of actual cash that was RENTED TO the
interior and the other Atlantic cities. So the state
ment. when published, showing loss of So, los,Sc0
in specie. was both surprise and disappointment.
But it should not have been the occasion of either
SENSATION The banks began the week with an
amount of specie not far from 100000 less than
the amount reported for the average OF the week
ended September 50 On the last day friday ot
last week the banks lost $3.50, GO2 specie to the sub
Treasury. These two items counted as an average
loss from the preceding statement OF 1851, 6oo. TN
the other hand. during the first five days OF lASt
week the banks gained from the Sub-IreaSury the
SUN of 81 474 1868 specie, which in the statement
averages a gain of T3,G59, 3S3. During the time
that the banks were gaining ,ho $i,i74363 from
the Sub-Treasury. however, the interior demand
was so large that $1.97j,000 gold was Withdrawn
from the Bank Of America the general depository,
Oh Clearing House certificates The figures indicate
shipments to the interior aggregating SG,4OO.OOO,
or 81 200, 900 greater thar the average gain from
the Sul-Ircasury less the sum Of about 100000
shortage of the preceding statement. 1t is probable
that the statements figures Of the amount OF specie
more nearly than usual approximate the actual
amount held at the end of the week. Another mis-
take the street makes its calculations Is that in
surprising all the loans stock collateral
that are called in are contraction OF loans
at bank. Such is not the case many stock
loans are called in TO be made on
merchandise particularly this season for the move
ment OF cotton to an unusual amount. 50 although
there were large iquidaions OF stock loans. the con-
traction shown by the bank statement Is only
$l373, 500. The decrease reported in deposI' ;
go go 200 is 1924 greater than the decrease
called for by the other change and Offsets DIS
crcpancy OF about the same amount in the other d-
rectIon that was noted in tho preceding statement.
The result of the whole movement Is a further de-
felt of 577, 2JO making the deficit from the rule OF
20 per cent now - 333.275.
he following aro the comparative totals OF the
statements of October and October 81
Loan. ssso 2f5 ssgS 81. pee PaSIsass.
f hssai,erdefs. i 'oa iG.5i,SS Inc s.5So
tsssSsioa " i5s55o5 IS i5 5S R 's 1893
The following shows the relation between the
total reserve and the total deposit liabilities:
SPECIE. ss set s,& oct Dec s' Gf19ss'
Ieesaic6dcis.. i55oJoo i3s56sjo Inc 10 800
Total reserve. s75,57&5o0 s7sJI,2oo Dec s-.o72SOo
against G55psts s7l2a525 572i475 Dec 2iO'oso
Deficit reserve. s2,75G,os5 ssS5a,-75 Inc. s57125o
The banks now hold %e,23O,GO0 in specie and
legal-tenders less than they held at this date last
year. Yet the loans now are 80 COZ 200 greater
than they were them bat the deposits are 700
less Tie reserve required by the % per cent rule
now j. sos 925 less than was required year ago.,
but the smaller amount Of cash held now than then
leaves deficit of SO 333,27j against surplus then
of 81 1865 400 and the proportion Of the total
reserve 10 the deposits is 1883 per cent against
26.45 at the same date in 1880.
The following are the total of the statements at
the corresponding date for preceding years:
1873 1879. 1890
Loans .. s24SG3i 300 s9G8 iOi. 500 s3l852 200
Specie. ............. l3,99l1O0 24lGG3l0 G63H22OO