New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-03-27
THE MONEY MARKET.
Sunday. March OPP. "

THE MONEY MARKET.
SUNDAY, March 2G-p. N.
| The value Of the merchandise imported at New
York last week is $7,777 752. being So, 1876, 900
less than for the same week of 1881, and the value
of the merchandise exported from NewYork for the
week is So 1867 being 81 ,665 07S less than for
the week of last year. The result Of the movement
is debit against tho port of 81 643, 1875 for the
week of this year. against debit of 81, 49, 1876 for
the week of 1885, decrease in the difference against
the port of $494,0 For the twelve weeks since
January L. this year, the value of the merchandise
imported is 1881 404 greater than for the CORE
spending time in 1881, while the value of the mer-
chandise exported is 5746,152 less; differ
ence against the port, S3l 056,556 For the
twelve weeks of last year the imports exceeded the
exports only 81, 406, 1885, this year the imports
exceeded the exports $40 ,4G2, 1884; difference as
before stated, $31 ,056,556. The changes in the
specie movement. however There being a net in-
crease in the exports of $685. 72 and net de-
crease in the imports Of 81, 204.723, reduce the
balance against the port on the twelve weeks bust
ness of this year to $780, 652 9s1 So notwithstanding
that we have liquidatcd by to the
extent of $12 751 1902 (which Is moro applicable to
balance accrued before the new year., the balance
against the port since January 1 Is S11,056,76l
greater than at the same date Of 1881, to which
time we had imported 81. 1852 specie, against
total of imports for this year of S941 500.
The following shows the imports and exports,
other than Of securities, at New-York since jan
uary 1, for 1881 and 1892:
IMPORTS.
s SsFSSanase S il5ss3 " $3.50 Dec io5o725
Total imports IO5l2897 siI5 6I8568 mo s5IO6G8i
EXPORTS
Merchandise ss7oao4S7 $50 244285 Dec $i57i5I5S
speco..---....----. 2ejG2So l275LSO2 Inc 9l9oO1E
Total exports s0O9l6.GG7 ssl9o5,5s7 Dec. s695loSo
the Port sl959s.22O s3O652osl Inc. s11O5e7el
The weekly bank statement published yesterday
is a surprising exhibit of the condition OF the re-
serves The gain in specie is reported as only
SOL 400 The Sub-Treasury operations for the
week ended Friday night resulted in loss to the
banks of S67S212 coin but on the first day OF the
week Saturday. March ls) the banks gained from
the Sub Treasury $685. So and the subsequent loss
of G1.436757 was so distributed over the re-
naming five days that the average loss Is over
balanced f72 900 by the first days gain. There is
no reason to correct the calculation of week ago,
that the banks then held about 81 100000 more
specie than the amount reported by the statement
of that date. Hence it seems that the interior
movements of specie have been such as
to average a loss to the banks OF
about 81 800 OOO and that the true condition OF
the specie reserve at the close of business on Fri
dav, March 24, was that it was at least S75O,OOO
smaller than the amount reported in yesterdays
statement As to the legal-tender note reserve.
which is reported decreased by $4,000, the
figures show largo movement of legal-tenders to
the East and Pennsylvania; because it Is known
that the receipts of currency" from the West dur
& +I,o L oil OO0
reported in the deposits, being only $4,000 differ
ent from that called for by the other changes, pre-
cludes the idea of large receipts of currency in the
shape of bank notes The result of the statements
figures is gain of 1854 800 to the surplus reserves
and leaves them at S3,338, 100.
The following are the comparative totals Of the
statements of March 10 and %;
M'E's % ss TaIfs g pee PfS1sPfSS
$$$spa: s$SSSS sSS4SS$S iS 5$SS
The following shows the relation between the
total reserve and the total deposit liabilitics
March - March %. am
LEGAL Issat sad5Ts i6$i7s0o i6 $4,000 $4,000
Totalre,ervo, s74,928'0o s74.75s'OO0 Dec. si7'0Oo
" asainstdSpsts 'l775,2Oo 7l,4rocO De~ 100000
surplus-........ s3,l583OO s3388iOO Dec. sls48OO
The banks now hold in cash-spece and legal-ten-
ders-Sf $40 COO moro than the sum held year ago.
The loans now are $40. 597, 400 greater than then
and the deposits are $40, 073 100 greater so that
the reserve required by the % per cent rule now is
50 8,275 more than it was year ago. Hence the
surplus of reserve now is only 81 631 1926 greater
than it was then and the proportion of total reserve
now il 26.17, against $500 per cent at the same
date Of 1881.
The following are the totals of The statements at
the corresponding date for preceding years:
Loans. 455SGSs 800 edsG57oo ssod6355ooo
s5s 5 Il 5 5s5 Egg
G a 99S7SSS S&SsS$SS 7S S$9
periiccut of reserve 265O 1881 $3.50
Money was easy at the Stock Exchange all the
week-the average rates for call loans having been
4a5 per cent, with occasional exceptions at 6, and
almost daily loans of brokers' balances at per cent
The rate on pledge of Government bonds rs colat-
eral is Sa per cent Little is dong in time loans
on ordinary Stock Exchange collaterals, but the
rates are sac per cent. and frst-class commercial
paper passed az 5l406 per cent There were no
gold shipments to Europe last week. although the
rates for sight exchange fully warranted shipments
if there had been business done. The easier con-
ditiou of the European money mafhets leads TO
moro transactions in 60days bills, which do not re-
ou ire to be covered Immediately by renlttances.
The reduction to per cent for discounts by the
ur foreign exchange markets by an advance In the
yrhja SIGHT and ~ hlpS remained