New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-04
Friday, the period corresponding with the bank

Friday, the period corresponding with the BANK
statement, the decrease in Treasury average,
exclusive of cen tificates, was So, $4,000. ana
for the week ending on Saturday 50, 53G,3So. AS
disbursements are in part counted by the banks
as cash one day before they are taken from Treas
ury balances, the comparison OF returns indicates
that some mOney-possibly as much as Sl,0OO,-
600, but probably lcss-was sent to the interior
during the week But the banks, unless they
forwarded much larger sum, must have
held from So, 100000 to $1,0OOOOO more
gold at the end of the week than their statement
indicates. unless the Treasury reports as to gold
certificates operate to conceal the facts.
The large dsbu sements by the Treasury
made money quite easy, helped by the con-
traction of $3,735, 300 in loans. The banks
have reduced their loans $12,114,7O0 during
the last four weeks and their reserve only
100000. But against this loss of $i2, 923,7O
in resources they report for the four weeks
decrease of only $9,213,600 in deposits and
only $72, 700 IN circulation. The difference Is
not explained. 1t can hardly be the fact that
they have been receiving in bank notes so large
an amount as 81, O0O,O 900 a week. The great
liquidation which has been in progress in specu-
latve markets has been in partthe consequence
and in part the cause of the contraction IN
loans, but the activity in general business
throughout the country has been diminishing,
and the closing of many manufacturing estaO-
lishments will lessen the demands for money.
Nor has foreign trade been especially active,
though the exports of cotton last week were
175, 9G3 bales against Sl,2l0 for the CORE
spending week last year. Coffee and sugar, to-
baccO and naval stores have been dull, wool and
hops are very dull with declining prices, and
the iron market notwithstanding some indica-
tOns of Improvement. is much depressed, steel
rails having reached the lowest price on record.
The grain business has been unfav0rably
Affected by the scarcity Of fIeight-rOOm, the
high rates, and by the corner in corn for No
ycmber, and The dry goods trade has been only
moderate in volume. Though the aggregate OF
business reported through the country is large
in comparison with last year, 1t is to be rcmem-
bercd that business last year was subject to all
the depression caused by partial failure of
crops. This fact also renders reports of large
railroad earnings less impressive. The state
ment of earnings should be compared with that
Of 1850 rather than with 1Sc /, and with the
mileage operated at different dates.
After "a vigorous advance before the holiday,
in pant because OF reports that the railroad war
in the NOrthw est had been settled, the stock
market became more unsettled and weaker on
Friday and Saturday in spite Of the comparative
ease in the money market. The public de-
clines to be taken in any longer by the thimbe-
rig game which some railroad managers find it
pleasant to play. On this occasion, those who
4. l.. -, 1,r+
play the game almost exclusively by themselves
as well when it was said that the war was all
settled " as when it was announced that the
meeting had broken up in a row. When the
speculative fraternity also gets tired of being
MIXED, the managers may find it more easy to
adjust their differences.