New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-07-31
THE MONEY MARKET.
sr-NnAY. InlY 3O-r. VI.

SUNDAY. July Jul NJ
The result of last weeks foreign movements o.
merchandise &C New-York Is the addltoh %
ss111.ss9 to the before existing trade oalan'e
against the port the value of the imports naN'hS
exceeded The value of the exports oy 'he alAou'''
named while for the same week of 1851 'he eAo'''
80 ;u,orts was only $50 9Oi. The vaIue OF the
merchandise imported last week IS $40. '3St' "
60 449.4 37 greater ban for the week of 1881 the
zinc of The merchandise exported is s. 626 5so OF
S163. 40 greater than for the week OF loel' FOR
she thirty weeks since January l, tins year the
xalue of merchandise i'm. orted is Sf699o,47S
greater than for the corresponding time IN iool'
while the value of the merchandise exported IL
S3S. -. 455 less difference against the p'i'
Ss2244 9l3 For the thirty weeks OF !ast year nc
imports exceeded the exports only S2soo4o9o' .','
wear the imports exceeded the eXpor ~ lOooo'o
difference az before stated, So2,-4t,'l'' gon
hast year the Imports of specie at tni' Po', zoo
SO9 1911 exceeded the exports by the sun - -,
GO 2o6: 10 GATE this year the exports VI
1870 57s 2ss) exceed the imports oF 'ne sum
s37 4S2 677-a change of S6l.24i'SV' 10 "'o
of the mort. vet lacking S21,OO3.OlO of eq"allng
the increased debit in the merchandise account
The following shows the imports and exports
other than of securities at NewYorA since January
I. for 1851 and 1882:
Merchandise $40 SEA ies s29S a5l Inc $40 o9stoS
epecie...---..--. S05o97)l -'V9oo4l L'o' $500
Total imports sz7737s244 9595s562 Inc slS os''lS
ExPOKTs.
ISL ISL 20, :, 90 fa4o Dec sB5g9a55
spees -. 675~525 as'79'-sS Inc. 9-'-.'o %
Tcal exports s22lssO52O so ,5l262s Dec. s24l769s
S ss SerS against 52&s24 7s4e9s4 Inc 2Loosolo
Yesterdays weekly bank statement OF averages
Is so consistent with the known movements OF
money during the week that il requires httle oy
Wv of exp anation. By The exports OF gold and by
tbe operations of III Su0-Treasury during the WeeA
ended Friday night the banks actual loss was
So 96I 500 specie but the loss was so dstlou'eI
that it averaged loss of only S2,5OOOoo'
The difference be- veen that SUN and the average
loss (T3 64l 100 reported represents ne amount OF
shortage in specie a week ago from Inc sum re-
,orted in statement Of that da;e. The amount OF
specie actually held by the btuks at the close OF
business last Friday evening was about 81 100000
less than the reported IN yesterdays statement
The change shown in legal tenders by The bank
Abatement Ia gain of STA, 700 and the gam OF
$500 2s3 currency by the Sub Treasury (which. II
legal tenders would average loss 10 the banks OF
Sl75 OOO arc too Insignificant to enter into the cal
culations But the fact that the reported decrease
of So "a 100 in deposits is g., 100000 greater man
the amount OF decrease which the other changes
call for Is significant in that il shows that the bank
have been able TO respond to Western demands for
currency with National bank notes. the loss OF
which does not weaken the reserves. And 1t
is noticeable that the amount of the discrepancy Is
about equal TO the CS2447,6OO OF the expan-
sion in loans The results of the statement are
loss of S35164OO III money and a reduction of
So IN. s75 in the surpu- reserves, VIII ch leaves
Them al S5.3s1,O25, against $40 O30725 at this
date in 1881.
The 70 lowing are the comparative totals # the
statements of July % and July %: