New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-16
THE MONEY MARKET.
SryDAY, Oct. 15-P. ".

SUNDAY. Oct 15-P. NJ
The foreign movements of merchandise at New
York last week make comparison with those OF
che same week of 1881 which Is favorable to the
mort But this due to the unusually small ex-
or,s for the week of 1881 more than TO increase
in amount of the exports of last week, which were
81 OIL .5O3 smaller than the preceding week.
The imports of merchandise last week ex-
eeeded the exports of merchandise by $2,354 1914;
for the week of last year the excess was s747o3
The value of the merchandise imported
last week is Ss.946,71S, or $535,053 more than
for the week of 1881 the value of the merchandise
exported is So 592 SPA OF 81 055 612 more than for
the week Of 1851. For the forty-one weeks since
January l. this year, the value of the merchandise
imported is $50 69S greater than for the CORE
spending time in 1881. while the vaiue OF
She merchandise exported IS 3e'l54'99'
less. difference against the port 500 24S, 695
For the forty-one weeks of last year the
imports exceeded the exports only 50 S949 tins
gear the importsexceeded the exports $l35, 7644
difference as before stated, $90,24S,69J. 10 date
last year the Imports OF specie at TINS por.
tS4s. S4s. 57D exceeded the exports by the sum OF
$50 9l2 9O1 ; to date this year tho exports Oh
specie CS43 27I 596) exceed the imports by the sum
of 800 AT 95O-a change of $7939O,eoI 10 the
credit of the port yet lacking Sl0soIof4 OF
ooualling the increased debit III the merchandise
account.
The following shows the imports and exports
other than of securities at Newlork since january
l. for 1881 and 1882:
IMPORTS.
Merchandise sa47s99?g9 ssas75e49ss g 3
specie ~..... 4s,S4s,574 S795'O46 Dec. 42ool..-o
ro,a, mpOrtsss96 454,372 slOS5lal42 Inc. s7o5877o
EXPORTS.
n.-,,,ns.. s ISL sg} ]Si9 pss nsaSrG
sneeie s9S567S 4S27l596 Inc o4S31S23
roa, exports sSII 52s s3O74ea44s Dec. ss7sao74
SP fse so ISAn' s52so5O 9eOs9694 Inc 1Os57S4
Yesterdays weekly bank statement OF averages
shows a further conservative contraction OF
g.. 495. 700 in loans The operations OF the sub
Treasury for the week ended on Friday night IN
Guiding the receipts of coin for Western exchange
resulted IN a true gain to the banks OF Sl|f"|oO
specie but this was distributed as 20 average III
the statement a gain of ouly about $6oO'OOo. 10
that average add the 100000 which a week ago
we estimated as the surpluSage in specie actually
held over the amount reported in the statement OF
that date and we account for S1.650,O00 Of the
al 500 900 gain in specie shown by yesterday
abatement and establish estimate for the snrpns-
nee specie held at the close of business on Friday
night as 81 100 600 more than the amount reported
in Yesterdays statement for the average holdings
for the week On the other hand 1t is probable that
the statement of the amount of legI-tenders Is
made on a declining average because, despite gam
from the Sub-Trea,ury OF $l4z, 200 currency for
the week the statement shows loss OF pZ|l,SOO
leral-endeIs An estimate that the total OF reserves
specie and legal tenders-at the commencement
of business yesterday morning was @lOOO,OVO
greater than tie amount which the statement gives
IS the average for the weeks likely to approximate
closely 10 the true condition The statement shows
an increase of $3.50, 200 in deposits, whereas the
other changes call for a decrease of $S0l,900 ID
that ltem-a discrepancy of 81 391 GOO which It Is
safer to account for Jy the reckoning Of uncerthed
checks as deposits in TWO banks rather than by re-
ceipts of country bank notes There is nc evidence
that there were any receipts of country bank notes
The figures of the statement resultIn showing gain
to the surplus reserve of 81 1888 80, and leave ii at
$780, 400
The following are the comparative totals OF the
statements OF October and October IA:
Loan. ss{ 9 esl 2 Zoo Dec RgTf f5soo
tsaaoa 2 iS5555SS iS45SS Dec 1880
The following shows the relation between the
total reserve and the total deposit liabilities:
Speed. ss 81 So 2 s5e5 S Inc s sso
IegaLtendefs :. 2lCls6JO 2i,SlL7JO Dec. 27l,8l0
rota, reserve. s72OI72OO s7S5i82OO Inc. 81 5S1coo
ssst dep sits 71545s75 7692soO Inc l7495
SURPLUS. s47I835 sI.s55,4OO Inc sl.Ss3.575
Thu banks now hold in cash-SDecie and legal-ten-
ders-S3. JG6 500 less than the sum held year ago.
The loans now are $6,349,5OO less than then
and the deposits are 1921 100 less; so that
the reserve required by the % per cent rule now IS
ssll,775 less than it was year ago. And
the surplus reserve now is S1,S55,400 against
dsGcit Of 200 ST. then. and the proportion Of