New-York tribune., 1881-12-12
MONEY 1ND BUSINESS.

Domestic trade continues largo huu dCllNcI
foreign trade still langwshes; money has gone
out of this city in considerable amount during
the ast week; and the disbursements for
bouus to be purchased on "Wednesday are
awaited with some socitude
The bank statement of Saturday showed
loss Of 1913, 200 in cash, with no important
change in loans or deposits. The missing money,
wherever it may have gone, certainly did not
20 into the Treasury which has been paying
ont more money than it has been receiving
except from the mnts. From Wednesday, Mo-
vcmbcr 30, to Wednesday, December Z, the
Treasury received $l,0OO,0OO from the mint,
and vet its balances decreased S92l ,19S. Con-
scoucntly, 30 far IA the Treasury is concerned,
the banks were helped nearly $!,0OO,oOO
during that period, and from "Wednesday
Inst until Saturday tho Treasury received
Sp. 900. 900 more from the mint and yet
increased its balances only 81 ,3OS,j95. The
fact that the bank reserves declined, in spite
OF the steady supply of considerable amounts
from the Treasury, shows that the movement
of money from the city must have been
larger than any reported shipments indicate.
Exchanges at Boston, Chicago and Southern
cities are MI against New-York, though the
excess of shipments over receipts.
There is no indication of renewed imports of
specie from Europe, but delayed steamers
brought in $5i1, 100 gold during the week
ending on Friday and the City of New-York.
which left Liverpool November 24, landed
sos, 300 more on Saturday. This accounts
for all the shipments that have been reported,
and, since the sudden drop in exchange about
November %, the rate has not been such as to
rendcrshipmcnts probable. The Bank of England
is steadily accumulating specie and now holds
SlOl, 1888, 73O. 1t Is suspected that some gold
has becn drawn from Russia by that bank,
as well rs by the Bank of Germany, which
now holds $133, ,30l,750 in gold and silver,
having lost 1nly 10000 marks, according to
the dispatch of December 10. The Bank Of
France added $l,6j0,O00 to its gold reserve
last week, and now holds $l29 49S,2SS in
cold Had American prices been such as to
favor exports of products, the reserves of all
these banks would have been lower than they
are.
The speculation in cotton was checked a
little last week by large receipts and heavy
sales. and the price declined from 12.12 TO
II .03. with speculative sales of over zoe, 900
| bales. ne SIlHptllCy Ol VIC HuOHty IDdIhcJ
had some influence upon the dealings, but
probably not much, since about 100 bales of
phantom cotton are sold in contracts on margins
| for every bale of actual cotton that changes
I hands. The receipts last week were 233,34i
| bales, against BIB, 1877 during the correspond
ing week last year, but the exports for the
week were only 100, S53 bales, against 20l .391
last wear. In consequence the stock on
! hand accumulates, and more money is required
| to carry it in the hope of higher prices here
after. The grain market is stronger than it
was IL week ago, in spite of monetary pres
sure here, The Western cities are better sup
piled with money than they have ever been
! before, but are using u great deal of it to
sustain a speculation which keeps prices
relatively higher in the interior than at the
seaboard, and relatively higher at the seaboard
than in Liverpool. The exports of grain for
five weeks past have been hardly half as large
as they were mt this season last year. But the
statements and predictions of spectators have
| so Ian influenced tho expectations OF farmers