New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-23
THE MONEY MARKET
srvpAY,Jan. or NJ

grSDAY.J Jan. CYL NJ
inortations Of merchandise at TINS i'' .,,..
a.. ~, ver, heavy, while there Is TO "'l cha
.amt in the export movements I'' ',' oeA-an
nlVn' .t ;,r,or+s amounted 10 $lo'S'''',"G:I ,I,
.anr,oseofS4 G6l $50 ON the week " ,, decrease
oft the exports was only So !'o'o ,rheso
arsqos Glo on the same week 'i '',' n,a mort Of
sta,,,.s make a difference agl"'' ,ri1, in,
CT 900 56l for tn" week As ',''' ..,c;, for the
sor,c ,,oe last year The imports 100 o., for fine
al, ,,or. only S27 O20 againS' 80 80 c,.ce
-, ,flost year The total in'oI ~ -, to.. l,.,,
NoeN " a,o tbis year are -, 40 't' 'e>S '''
IN tSst and the exports OF SP'''.
II COO, o52 greater than last year ,
are F'''' S,Iov,ng shows the imports ana
INC a,b.r tbru Of securities, at NeW-iotN
.,n'o January |. for 1881 and ls'2;
lssl. ,oc. cd ISL s. 700 Inc. N .d.Jss5s
Ncrclardse ... 2i4tcs4i6 3sl9a5 bo,, S,7o6.7|'
rc,,, ,mr.... s2G5lcsi s2>ci3'-s'Ine' s"'O"-'-''
rXPoETs
Merchandise si7e353sst S 'l'S s 81 i iSS ao5o'2
ro,., EXPORT. sisi5os75 siLg2a.os7 Dec $s'22''2'
rso s ocr AGAINST ss.4os2Il e,L7Ia2t2 Inc. se@9oA
MA foregoing statements present important
,,,.s N fbe balance Of the ports foreign trade.
The balance against The port for the three weeks
buSipc.~ of this wear Is S14,7l9,2i!.or $G3l9o3l
about - pei centgreater than the balance lot Tue
three weeks Of last year Important as these nEu''S
are their np ortance is enhanced by the TACT tha'
The Increasing balance the wrong side % the &c
count is a continuation of a change IN lne
currcnt thai dates back to last June. me '"r'is'
merchandise account Of the whole Un1'eh states "'
tbe six months ended December 81, 1880 sho"', "
= IL. I,lapco of SlG2 600 600 and nclndiEg me
srecic movements the credit paiauce W.
500 ooo O0N For the six months ended December
q, ,.s, .le merchandise account shows credit
oto,l, obout SOS. 100000 december estimated,
- s1oi onO 600 less credit than for the
" ,o,.b. in 1880; and including the
.,,oci. movement the credit balance for the siA
,ao,+bs of 1851 is only a'out $3OOoo'Ouo ~
sGJ 600 600 less than in 1881. WINE II Il NOV
,r,bable hat the other ports show so Large a ra''o
of oajn in the imports as New-lorR l'T 'ii' l'''
tbreo weeks of the year. 1t Is hkeIV' except az
San Francisco and possibly New-OrIeans that ule
Decline II tn, exports is greater ratio thah mere
The changes in the movements, to which attention
is directed, have been slow III making theH erect
fat -, thc f,rcirn excha gcs. Partly because there
was, during the early part OF the year. ana III
fact well into the autumn, steady al
sorption of American securities abroad. Tie time
however. seems to have arrived when more value
win be given To statistical information concerning
@he evport and import movements than heretofore
has been the case. Within the last W weeks the
tide Of securities has turned toward this country and
areeamount of stocks have been sold TO arrive DC
side Reading stock which has been sofa 10 the
smouut of about 81 600 0O0-market vaIue-and
which has been treated as the only instance of the
KIND. competent authority asserts that |oooo
shares Of Central and Hudson-market
value $4,000 600; 10000 shares of Lake
n,lO and
millions of dollars in mis-, cllaneous securities have
been sold for European account, and are arriving
by every incoming steamer. There Is disposition
to be sccptca about the amount of sales of Central
md Hudson and Lake Shore stocks because only
little foreign stool, has been seen on the street.
We are informed, however that nearly
ell Of the stock has 10 be transferred before
il can he dev rel. The transfer books OF
the Central and hudson have be closed
until last Friday and Yesterday ii reported that
there were nearly 40 900 shares Of stock IN the
transfer office whiting for the issue of the new GER
tifr,tcs he Lake Shore books are closed, and will
remain closed until February .. To the various
cause, mentioned may be ascrbed the activity OF
the foreign exchange Last week. and The advance in
rates to within about d percent of the specie shipping
points Some of the leading drawers anticipate
specie shi pmerts at an early day. while Others post
pone the movement until May or June o. course,
The time Will be FASTENED if matters on the CONT
mental Bourses do not Immediately mend. The
Bank Of England last week increased the
proportion of its reserve 10 it's liabilities
from 34as to 81 l1-16 per cent, but the
latter figures are still SIG rer cent be-
low the figures at the date of 1881 The for
eign exchanges closed strong at tie 'Oll wing rates
for actual business Bankers bills. 81 II and ~ 80
for long aud short sterling respectively; 5.22 and
61G"s for francs 9i's and 05l2 for reichmarks;
and 40 and 40li for guilders.
The weekly bank statement issued yesterday re-
Quircs little by way of comment or explanation
The Sub-Treasury operations for the week Melted
gain to the banks of only $D29.366 coin
and loss of $1,000 currency. But there
were large receipts of currency from the
interior which are fairly re resented in the
averages as a gain of - 1874 800 legal ten
ders. while tie gain of 81 $50 specie reflects
the amount actually hold week ago IN
excess of the then rep rted amount more than il
does any gains made during the last week.
The banks are richer IN legal tenders than this
statement shows. while the amount Of specie re-
ported is not far away from the actual holdings
The expansion t$l.5l7,NO0 in loans moderate.
The increase Of ~ 593, 500 in deposits i about
100000 less increase than the other changes call
for, which shows that the banks through the Re-
deupton Bureau at Washington, have utilized some
Of Their previous receipts of country bank notes.
The weeks movement results in gain of
S2.421 O25 to the surplus revenue and leaves il at
S9674,375
The following the comparative totals of the
statements of January II and January II:
5a5 I SIR Ien + 500 Inc P ss5eSs
gesse 42 oo saaa495oo Inc Inc 2$i2@o
Deposits 80. 3O4O1,GOO 81 .9yt. 4.6YJ 300
CucGIAton.... 2O.l5o.6UO 2UoOl.5O0 Dec lJ7.IUO |
The following shows the relation between the |
total reserve ald the total deposit liabilities