New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-09
THE MONEY MARKET
SUNDAY, Oct q

SUNDAY. Oct. s-sx
10 was about October I, 1881, that the lido =,
foreign commerce began to turn against tbis on
try. From that date to August 81, 1850 ~ 4
ports of merchandise exceeded the imports ., ~
corresponding eleven months of the precedin, sA'
the sum of 800, 796,83s, and tho exports 49,
chandise decreased $40, 7G3. 72O. maxim, ~. e''
parative difference of S245 $50 55s in the
merchandise account. As was shown last wesL !.
is not anticipated that tho full returns %. -.
month Of September viii, If any, much red ucs 80.
difference for the full period OF twelve noon,..
The movements of exports and imports in the &.
mediate future will possess peculiar scr,s
canoe, and IL must be remembered o..
comparisons with last years movements a..
show only small gains on the right side OF the :.
count for this year. will be favorable only bec,r,,
they are not unfavorable, the comparisons he,,.
made with periods which themselves compared nv
favorably with those of the preceding year IN.
return for tho port of New York for the frst vesr
OF October compares unfavorably even with t5s
week of last year. The value of the imports Of ms,
chandse exceeds the value of the exports Of merca
disc $577, 760, against excess Of Si2039s %.
the week OF 1881, and of S192,s29 for the week !,
1880. Tho value of the merchandise impor..d
last week is $s,1Sl, 703, or S223, 800 more Ina,
exported is 81 1904, OPT, or 500 232 more than n,
the week of 1881 For the forty weeks sine.
January l. this year. the value Of the merchaads.
imported is $5l 57S,545 greater than for the corn.
spending time in 1881. while the valas a
the merchandise exported Is $50, 10000
less; difference against tho port 500, 769,l54
For tho forty weeks of last year Tia
imports exceeded the exports only $42, Az 1876; thu
year the imports exceeded the exports Sl33 2l3350
difference, as before stated 800 1853. 1854. To data
last year the Imports of specie at this pOr
$40, 32J, 79U exceeded the exports by the sum II
t3S 567, 1868 to date this year the exports n
specie (S43. 245 $500 exceed the imports by the sun
If $3.50, SS7 077-a change Of SIS, 45j 040 to the
credit Of the port, yet lacking Sl2.3l4,1l4 Of
equaing the increased debit IN the merchandise
account.
The following shows the imports and exporx
other than of securities. at NewYork since January
/. for 1881 and 1882;
IMPORTS.
4ss s5ssiS Dec 'i sssSA
Total imports $3.50 6I9o2I sa9ll3l.4o7 Inc s7,6IIm
EXPORTS
Merchandise asss7 'a$s;e sas pee Pee 'ss
Total exports $780, oDI,loO dec S4,lU,A
The port $500. sl,OI2I5o saS2e.27s Inc I2SI4M
The operations of the Sub-Treasury for the week
ended last Friday night, included the recept"d
-, j00O 900 gold coin in exchange fer the new gold
certificates The banks count the certificates
specie. Hence. while by the Sub-Treasury balances
It has gained $4J9, 249 coin, the banks have aeta-
ally gained from the Sub-rreasury 81 Sj9,75I ia
what represents specie. The Sub-TTelsury pay
ments were distributed to average gain d
only about 81 200, 900 in the bank statement. TH
terday's statement of bank averages for the week
reports gain of 81 $50 600 specie. The banks yes
terday pOrning probably held about $1,000.
900 more specie than the amount reported
in the statement. On the other hand the sub
Treasury operations for the week netted gam To
the banks of 1881, SCI currency-ayeraging gaia
Of $40 OOO-but the banks report loss of $4,000
legal tenders. As last week there were consider
able shipments of currency TO the interior, 1t Il
probable that the amount Of legal tenders statedn
the statement approximates the actual sum held a
the end Of the week. Therefore the banks begun
the week yesterday morning with total reserves
about 81 600 900 greater than the average sun ne
ported for the week. There was further sharp
contraction in loans-S4. 901 ,900-and the decrean
in depOsits-S2, 447, 400-is only about 100000
different from the decrease which the other ehenea
call for. The net result Of the statement is sur
plus of $47l 1925 over the rule of % per cent of
serves to deposits against deficit b. the preceding
statement of 81, 0S7 425.
The following are the comparative totals OF tie
statements of September 80 and October 7:
ss iSR5 20 9ss 100 pe 19 ssS
suecle . -. As 4230O0 3d. 900 Inc l,gs1M
Lega.tenders.. 2l.t46e00 2L6lS60J Dee 3@
DeDosits...... 2oS,d2s goo 2S6lsl,500 Dec 2s4lt4
Circulaton..... ls.79ssOo lo.sOo.0oO Inc lOsM
The following shows the relation between h
total reserve and the total deposit liabilities:
sept 80. Oct. z. Ch1ngss
specie - s4S l23OOO $50 4O3 900 Inc. 81 ,950e1
LegaI.tenders =. 2l,643SO0 2l6I5.6O0 Dec. $3.50
Total reserve S7OOo0900 $72,0l7,20O Inc 81 s47ts
Reserve rrnHirl