New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-29
THE MONEY MARKET.
SUNDAY. NAV 0Qp

SUNDAY, May 28--Px
The foreign movement Of merchandise Mt New.
York last week not only shows large balance against
the port, but also one that makes an unusually
uniaVOrable comparison with the movement for the
corresponding week Of 1881. The imports Of ,ner
chandse for the week exceed the exports more than
two and onehalf times the amount Of gold that was
exported during the week. The value Of the mer
chandise imported last week is 81 s2G, 730, being
%3.226,Ol7 less than for the same week of 1881
and the value Of the merchandise exported from
New-York for the week is 1892 700. being
-, l35, l39 less than for tho week of last
year. The result of the movement is debit
against the port OF SG,SS4 033 for the week of ths
year. against debit of 81 .522 SIT for the week Of
1881, an increase in the comparative difference
against the port Of S53G1, 1856 For the twcnty-one
weeks since January this year the value of tina
merchandise imported is $31 676,Sll greater than
for the corresponding time in 1881, while the valus
of the merchandise exported is S2G496.G28 less.
difference against the port 1913, 173l37 For tho
twenty-onc weeks of last year the imports exceeded
the exports only S2j 5s4 053 this year the irnpors
exceed the exports $s3, 1871 100; difference as before
stated, SOS, 173 437. Last year the specie importx
at this port to date amounted TO S29,5Is .32s this
year to $1,714,OGl; decrease, S27. s0i 2G7. This
year the specie exports to date amount TO
$23, ZIG, fOO-a difference in the specie movement to
the credit OF the port of SOL, 5S0, G67. But very
little OF the difference IN the specie movement TO
this date Is chargeable against the change Of
SoS,OOOO0O since January l in the merchandise ac-
count. The change current of securities and the
interest and dividend payments on good bonds that
are held permanently abroad, together with the
merchandise balance that accrued from October
1851, tOJanuary l, 1852, are sufficient to account
Tor nearly the hole difference in The specie move
ment between January and May 2S, 1851, and
the same time thisy
Tho following shows the imports and exports
other than of securities, at Ncw-Yorh since January
l, for 1851 and lSs2:
IMPORTS.
Merchandise. el75tsl2oa 5000 o5soso Inc s5G7GsIi
Totalmpor;s. s2OGsoa537 s2iO773,OoI Inc. $Js735ii
EXPORTS.
Mcrchandise So 7j7l5e $l25S65a) De-. l6 ss5
specie .-.--..-.. i5to'5'7 2s'5ii1'7 IDc 25770iOo
Total exports, si5c3G355S sl5$Gl5$-7 Dec s272o226
the port 800. sj0.533Gsi S57I2G75l inc. sG.50277o
The important and unexpected Development of
yesterdays weekly statement of bank averages
was further expansion in loans to the amount Of
$l,320,0OO, and that SUN is the average and not
the total increase for the week. The reported de-
but shows that the actual amount OF specie on hand
at the beginning Of the week was abOut $4,000
smaller than our estimate. During the week ended
on Friday night the Sub Treasury gained from tho
banks $S21, specie and the exports of gold for
the same time were 81, 100000; total loss to tho
banks 80, 321,71s, which distributed that it
would average a loss in the bank statement Of
%2,000000. The interior movement absorbed about
$500, 900 specie to these items add fl,i00000 as
the shortage from the preceding statement and the
statements average loss of So 707 700 is accounted
for 1t also follows that the actual amount
of specie held at the close of business
last Friday was about 81 100000 lass than tho
amount reported as the average sum for the week.
The legaI-tender average, however, was rising
one and the actual amount held at the close OF
business probably was as much as 100000 greater
than the average reported. The declines OF
S7jl.4 400 in deposits and $4,000 in circulation
are about equal to the differences that the other
changes call for. The statement shows a loss from
the preceding week Of 81 1872, 200 in cash and re-
duction of 81 943 900 in the surplus reserve, leav-
ing it at $i,20S, G25, against $lt,722,90o at tho
same date in 1851.
The following are the comparative totals Of tho
s+ateu,cu4s Nav 90 and NAV D7.