New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-18
THE MONEY MARKET.

THE MONEY MARKET.
SUNDAY, Sept JPN
Another weeks foreign movements OF merch"n-
aso NJ New-York adds So 154 900 to the deoi' 'iuo
of the ports merchandise account, ana man an
nnfayorable comparison with the moVein'" ~
same week of 1881, when the imports VI i
disc exceeded the value of the exports VI ~.
disc only 81 ,554,O66. The compaiiS'" -
weeks movements shows deD' o"'""'' Io. Nv
81 81 ,bis wear 81 600 S9i greater than lor the
"'oH - ,u, Tost year however, the weeks i'm
-. g ,,ocio ot the port amounted to $2,I3O '-5'
1 ., ,.,or only to $50 ia so that the compaH-
- Nth last year for the tOtal Oh
a. merchandise and specie movements
from January /, is S1,1GS.s75 less uniaVor-
ob,e nj the end of last week than IL
was at the end of the preceding week
The value of the merchandise imported l'S'
week Is S9,S15.573, or Sl2li,l5l greater IMAM
for the week of 1851 the value otth nlerohanuISo
exported is 6.660.6l3 or S3NG'713 less 'h"h ioi
tbe week If ISL For the thrty-seven weeks since
Jannarv l. this year. the value OF the mefch'n'iSo
;mported is SOL % 800 greater than for the CORE
n,,,ip,, time in 1881. while the value of
,be merchandise exported is S374O2.Ol7
loss, difference against the port, SSS,0233oZ'
For the thrty-seven weeks of last year the
SmnOrts Exceeded the exports only $3S 9OZ,lll thS
wear the imports exceeded the exports III "ooo't'''
difference rs before stated. $sS.623,3s2 10 date
last wear the Imports of specie at TINS port
Gt512456Sl exceeded the exports by the sum Oh
S37. OO3. 767; to GATE this year the exports oi
specle go 81 96s exceed the imports by the sum
of $40 257 SPA change OF S7I2dl'o'V 10 inc
credit of the port, yet lacking $ll.362,293 OF
sal debit the merCnaQQlsc
account.
The following shows the imports and expor.s other
than Of securities at New-York since January l, for
1881 and 1882:
IMPORTS.
1881 s OK. .ae ssSsio p 2a ss 2s $50
M fpecs d35 5Ss sS5iS Dec 16S3s
Toal imports 9522 $364 75S9G5 Inc. $o.75I443
EXPORTS.
sozj ISL S55 .a iT2 SOC Dec Ri faqSo7
5ia0So 42'94'oj8 Inc 3i79ll67
Total exports s9sOo3364i s-77495,7o4 Dec. s2do7s5o
bailS' p e-ns 75se5s7s s732s17l Inc. n.3G2995
The bank statement of averages for the week
ended Friday September -, published Yesterday,
shows a gam of $1,O79,G00 in specie and loss or
$3.50 zoe in legal tenders; net gain on total re-
serve of Sj295O The net specie movement at
the Sub Treasury for the week was loss 10 the
banks of SIS, 542; hut the receipts and dlSburse-
We're 50 OlSlIlDuicO ludl luoNOih'HtS ""'''N'
count in the bank averages specie gam OF about
100000 Assuming that the estimate OF a week
nqo that the banks then held II 800 900 specie
Than the average for that week, correct yeSter-
DAYS statement should have shown a specie gam OF
about 81 200 600, exclusive of movements to the IN
ferlor of actual gold coin. Those movements how
ever arcestimated to have amounted to considerably
over 81 100000. Yesterdays statement shows
tbatthey were sufficient to figure an average of
800 900 and hence the gam of specie Is reported
nj only 81 O79 600 instead of over $1700, 900, as
would have been the If there had been no
movements except those covered by the Sub
Treasury transactions. The banks at the close of
business last Friday night probably held about
81 200 900 less specie than the amount reported in
Tie statement. There also was free movement of
currency to the interior during the week. The Sub
Treasury operations nettcd TO the banks gam OF
S97913 currency probably all III lcgal-enders. But
The shipments of lega-tenders were 50 large as to
overcome that gam and show an average loss of
$3.50 100 which sum probably represents an actual
outgo of between $1,000 900 and $1.OOOOo0. So,
taking it altogether, the amount of total reserve al
The beginning of the new week Is probably
81 900 900 short of the average amount Tor IiSI
week The decrease in deposits shown by the
statements 81 10000 less than the amount OF
decrease called for by the other changes the dis
crepancv may be partly due TO shipments Of c0un-
tIy bank notes. but probably is principally due to
anuneven working of The average system BY the +
statemen mt he deficit from the rule of 20 per cent
reserve was reduced tS7O3O0 10 Sl.Oll315.
The following are the comparative totals of the /
Statements Of September . and september 10:
loan. s sc2t b. 100 ss5 eF' 80 55o Dec ps9fe
frcria 5l,553lOO 52 G33.7OO Inc. lo79GOO /
Ia-,.,eud. rs. 2236l.jOO 2l.Sll.5OO Dec. 51OIUJ /
Tero-if- BOB. y. 3ul.S -lSOJ Dec. l,3Gt20u I
lirculalou..... lo.32O,7UO ls27O2OO Inc. $1,000 /.
The following shows the relation between the /.
total reserve and the total deposit haOlhtIe5:
Sept g. sept is. Changes
specie .. s5I555 100 So $50 700 Inc u 90 800
Icsaltcnlers. =. 2236ljoO 2leIl4OO Dec. 5jo5JD /
Total reserve. s7S9l4oOO s74t4lloo Inc. s5425oO
ssalsj acPsts 757a6s76 7545Go75 Dec slosoo
Deacit....... sl..82975 IOu975 Dec. s7o3o0 .
The banks now hold IN cash-,pecie and legal-ten- .
ders-$5. 1877 400 less than he sum held year ago.
The loans now are S7,OJj,j00 less than then, .
and the deposits are Sl4.92j. 200 less so that .
the reserve required by the - per cent rule now Is
g., 731 800 less than It year ago. But ,
the reserve now Is Sl,Oll,973 deficit, against /
@ surplus of Sfjf,l2J then, and the proportion OF
total IT,. crye Is 2iGS, against 20.l4 per cent |
Ct the same date OF 1881
The following are the totals of the statements |
OF the spending date for VI ccdlng years:
Ioans...... s.5935l.OOO s3l4l235OO S33J. 52j 500 /
blocc ....-... l99i2Oo0 uG5lG3o0 G5,O7970O /
I5ea-tcnters.. 42ozglOO l&alz7OO lI55L.o0 !
Deposits ...... 22S27lOOO 29H92e7O0 3l6.1le.jOO I
Circulation. 2l,a>49UO la,334.JOO 1879 500 .
Qotal reserve. Ol07l4UO eOO35 100 79Gf1.JOO {
euIUus reserve 4,5C5 90 j3J2s2j 4jt,l2J I
fI.tI. q l. l..