New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-09
THE MONEY MARKET.

- SUNDAY, Jan. SPIN
The value Of the merchandise imported at New
York for the first week of tho new year 4,
1880, 73S, an increase on the value for the sam.
week of 1881 Of 81 ,O57, 222. The exports Of mer,
chandiso for the week ended last Tuesday. Janua,v
3, were valued at $e,395,1OO, a decrease .,
81, 253,872 from the same week year ago but
the decrease for the portion Of the week after
January l, is estimated to be 81 300, 900. The i'm
ports Of specie last week amounted only TO slO9l57
against 81, 1855 31 for the week Of 1851.
Assuming that the bank statement OF Decernh.r
81, 1881, very nearly stated the actual conditions
at the close Of business Friday December 30 ths
statement OF averages published yesterday so far a.
the increase OF 1871 300 in specie Is concerned.
represents the average of the weeks gain from thu
Sub-Ireasury operations. The net loss in coin By
the Sub-IreasuTy for the week ended last Friday
was -, O30 f53, but the amount would figure in
the bank average as q gain of only 1900, 600 or
SIIO'OOO more than the statement calls for On tho
other hand, total loss of only 500 OPS in currency
by the Sub-Ireasury was 50 distributed that il
would figure in the bank average as a gain Of
S23f, 500 The statement reports a gain Of
S736,S00 legal tenders The known interior move
ment direct from and into bank for the week was
about Sl,500,000 currency in favor onlihe banks.
1t, therefore, probable that The private with
uraWal5 LOT shipments TO non commercial points
IN the far West and Southwest were not much less
than S7J0,00O, although an increase In de-
posts Of Sl.500,000 greater than the
increase which the other changes call for seems 70
indicate the receipt OF currency in the shape Of Ma
tional bank notes Tho average of the increase in
loans is set down at 1867, 0OO bat that sum prob
ably represents total increase for the week Of at
least $j.0000DO. The result as shown BY the state
ment is On increase of $2.06j 500 IN the amount Of
surplus over the % per cent rule.
The following are the comparative totals Of tho
statements of December 81 and January =
Dec 81. Jan. z differences
Loans ......... sal5tl3gO0 s19Llgloo inc S36G[Q0o
specie ...,.... 5tie%50Q 6L4lL0oO Ire @73L91
Deposits So. 2s9,s96IOO 29j.5ooIOo Inc. 96lQ0oo
CIRCULATION. 2jI02ioO 2o,2io,Joo Inc $4,000
The following shows tho relation between tho
total reserve and the total deposit liabilities:
l5s s 55So ' i5Soo a as 1898
roralrosorvc. s78.724ooo s73Io2soo Inc. siAe7,3od
" sgaa laJ 72472Coo 7s75Ioo inc 2lC25Oo
Surplus. -...... sI2ji9OO s88l7.-oo INC. 32O55,o00
The banks now hold in cash--spccic and legal ten
ders-2, 420 500 more than the sum held year ago.
The loans now are So O3O, 200 greater than then,
and the deposits are 1913, 700 greater, so that
the reserve required by the % per cent rule now s
S3,42S, l7J more than it was year ago. Hence the
surplus now is only S3,3l7700 against Si,3l937J
then, and tho proportion OF total reserve now 10
2611 against 26.51 per cent at the same date Of
1881.
The following are the totals o. the statements at
the corresponding date for preceding years: