New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-08-07
THE MONEY MARKET.
.r~nAY. Aug. 6-f. NJ.

-
.u. ;,nrorts Of merchandise
A this mort last week exceeds the Vauo arrents
,,orts by the sum Of $2,5s9,2es' inc .hosams
,o.ke q favorable comparison with 'noSo eos "a
vol in 1851. when the excess OF 'irPO .ho mort
A,o 53O-a difference in ia'oi A. mer-
~ 81. SCI. 261. The value o 40 .oe 10 or
VI g. .'',,orted last week is S9,4esIIz' VI
ona~D g. - han for the week OF 1881 '"o
~. merchandise exported Is So'ooS'ffo, VI
49, 80 I.ss than for the week OF 1851 + :"
30, 80 ,rsel.s since January l. TINS year. inc
''S w. r,srcbandise imported IS Sif''fo'fli
49, than for the corresponding time III oot'
Ell. the value Of the merchandise eApor'eu
>a5 637 241 less difference against the por'' co.
geo $50 For the thirty-one weeks OF laSl year 'lo
,o-,s avcseded the exports only 1873 136,22s; TINS
rear the Exceeded the exports 10 oIoooo'
difFerence as before stated, $SO,3Sz,oo@' ~ 80
last wear the Imports of specie at thls pO', 200 oo
r57 s9Il exceeded the exports by the SUN - -.
roo 1876: to date this year the Exports - FL 90
eng 213l exceed the imports by the sum VI ~
900 50. change of 500 759 973 to the credit
Sis. nort vet lacking S17,622,679 Of equallns
-. ,n.raased debit in the merchandise account.
The following shows the imports and exports
o,ber than Of securities at NewYork since January
I. for 1881 and 1882:
ss5;si $685. sS3 Dec Dec s. sst5
Total imports s9375i4s s3O55slo69 Inc sl62lo2Se
EXPORTS.
lssl ~. liss 7ss Dec @iEsR:s
Sec -' 6936525 4l.l67.3S Inc. J4sSO'I 80
Total exports s2324l7549 s2SI.olLOa6 Dec Si4oS''S
B ,s SS against se9575s4 745so27s Inc l7e2267s
Seldom If ever has "A bank statement caused so
,nnch general disappointment and occasioned such
uncomulimentary comments as did that published
,esterdav IL was openly asserted at the STOCK Tx
change that the statement was " cooked 1or spec
Native effect Yet rarely have the banks state
ments of averages" presented important changes
that were so easily accounted for. HE TRIBUNE
of Saturday gave the net loss 10 the Sub-Ireasury
for the week ended Friday night as So, O4O,99O coin
and S49.69I currency and added: Io-morrows
bank statement will show no gain TO the total cash
reservesv The net result of the Sub-Treasury re-
oepts and payments for the week and of the export
of cold was gain 10 the banks of s.. 540 100 specie.
but the movements were SO distributed that the re-
sult wen appear in the statement of averages
as a gain of only $217. 300: against that there was
the shortage in specie Of 81 100000 from the pre-
oed1nC sta ement. So, without taking into account
the remittances TO the interior, other than
those which were made through the agency
of the Sub-Trsasury (S350000 gold was sent TO
Philadelphia i'll that way there Is accounted for,
$Is2 700 of the 81 $50 600 loss of specie reported
in the statement. That leaves $7673OO Is the
average" representing the specie movement to
the Interior and indicates that 1t was so large
that it left the amount Of specie held by the banks
at the close of business Friday but little If any
greater than the sum reported S5s, G6O5OO as the
Leverage" for the week. The currency movement
at the Sub-Treasury small. involving a loss
for the week of only $49,691 that if 1t was all IN
legal-tender notes 1t would have no appreciate
effect upon the bank averages; hence the reported
loss of SG42 900 ega-tenders is an average rep
resenting a greater sent out OF town. The
average" of the expansion in loans is S2.7l 1900,
and the local circulation is increased S6s,2OO The
changes noted call for increase Of 200 III de-
posts against a reported increase Of S4i4, oOO-a
discrepancy of $50 600, but not one so large that
it might not easily occur by uneven working OF
the average system. The results as shown by
the statement are a reduction OF $2,5929O In the
total cash reserves and reduction OF 81 69627o IN
the surplus reserves, leaving them at ~, 40,
against So, 49, 225 at same date 1881.
The following are the comparative totals OF the
statements of July 20 and August 3: