New-York tribune., 1882-02-27
THE MONEY MARKET.
EnEnAY. Feb. 2G-P.

SUNDAY FEB. up. NJ
The value of the merchandise imported at New
York last week is $11,175242, being $2,267, ,S98
greater than for the same week of 1891, and the
value of the merchandise exported from New-York
for the week ia SO Gil $780, being 10 G71 less than
for the week of last year The result of the move
mcnt is q debit AGAINST the port Of $i5G3.307 for
the week of this year. against debit Of 81, ,17S G37
for the week OF 1881; an increased difference
against the port of 81 1870. For the eight weeks
since January l. this year. the value of the mcrchan-
disc imported is Sl625S ,234 greater than for the
corresponding time in 1851, while the value OF the
merchandise exported is 81 02G,S3 less; difference
against the port S23 2s5 0G9. For the eight weeks
OF last year the imports exceeded the exports only
SO SsJ $780, this year the imports exceeded the ex-
ports p29, 17090j; difference, as before stated.
1913, ,2S5, ,0G0 The changes IN the specie movement.
however, there being a net increase in the exports
OF %, 00S and net decrease in the imports OF
$4 S23 S4 reduce the balance against the port on
the eight weeks business Of this year 10 S20036,
500, against So 49,. .553, the balance at the same
date last year; increase. $1l,5S1,2i7.
The following shows the imports and
exports, other than of securities, at New-York
since January l, for 1881 and 1882:
IMPORTS.
ssl 4e7 s7c ls $ me- Rsss2s Rgis59sssss
S'sD"..:::: 54'9ii5 j80o55 Dec. i52ssii
Total imports. s65GIOI74 s77.Oi4. .59lInc $ll<}i420
EXPORTS.
s5isllao iSSl 472ss95e $50 Dec P5S5sS Ps5GsSs
Specie. l0l27SO s792.7S3 Inc. 6ssoOo5
Total exports ,62i s66OoO704 peo sl4d,s27
The porf s03S2553 s2Ooe3sOO Inc. sll5s,2l7
There IL nothing which warrants tho suggestion
made in some quarters that yesterdays bank state
mcnt twas rugged" for speculative purposes Al.
though there is reason why the associated banks
should adhere persstently Ia the system of re-
porting the average balances Of six days instead of
the actual balances adate OF tho report the arriving
approximately The true condition, under ordinary
circumstances, involves nothing more serious than
a little trouble in solving a plain mathematical
problem. \ week ago said: THE total
amount of specie reported by yesterdays
| February 1s) statement il about -, 100000
greater than the actual sum held at the
close of business on friday Assuming that
! that calculation was correct, which yesterdays
statement proves il to have been, the banks began
Last week with that sum less than that reported,
and that difference counts in yesterdays statement
as 81 800 900 Of the total loss of p 725 900 specie
| reported. During the week the Suh-Treasury
| gained from the banks Tl,94S,4S3 coin
| tuesday 4j0O,00O gold was withdrawn for
| export by Wednesdays steamers, ana on
Friday $l,O25,0OO was withdrawn for
| port by yesterdays steamer. Here is loss TO
the banks of $3,473 4s6 specie that is accounted
for. but which averages, in the statement only
| loss of 81 .743 300. Add that average 10 the
81 500 900 shortage at the beginning of the week
and we have 3d. 1890 of the $3,72J,2O0 specie
loss reported by yesterdays statement. The
difference t$l7l 300 may fairly be assumed
TO he the average for 100000 70 100000
known to have been shipped 10 the interior
The calculation shows that the actual
sum Of specie held at the close of business last
Friday was about 100000 instead OF
S55 753 500 reported the average holdings Of the
week. The legal tenders are reported decreased
SSOt 300. but that decrease represents shortage
from the preceding statement more than it repre-
seuts the movement of last week The average
loans were contracted S3624,400 and the decline
of S8 O9G. 800 in deposits is about the amount of
decrease that the other changes cal for. The state
ment results in showing deficit of $l433,07J
from % per cent instead of n surplus OF
81 O72,2 ,225 as a week ago-,liierence 81, ,50530O.
The following the comparative totals of the
statements of February - and February %: