New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-06-12
THE MONEY Markell
suSpAY, Juno LIP. NJ.

mOAN~
srrSpAy Juno 11-P. NJ.
49,, rnovemeuts of merchandise nj
"nIi0 80 week show q balance agains. INC
rev ,be week was another excep''ona, W.
port "e .hot the movements make favorable
this yea - ,;tb the week of last year the decrease
,oIus Of the imports was greater IMAM 'no w
IN 'ne ,orts The value Of the merchandise I'M
crcse week is $7,712, 11s, being Sl,ooo'4',
POI 49,, for the same week OF ioo.' ~
less - - Of the merchandise exported iIoui
'h0 vi, for the week Is So'oot'oo-,
w, OK less than for the "eeA -.
T The result of the movement Is ~
yea. the mort of 81 .207 436 TOT the wen "
o,,;nst debit of S2,6oo'44o ioi '"'
!s, decrease in the com para'No .I'.oo
the mort of 81 4s30O9 For the '"en''
ST. snce January this year Wv 80 tton
weeks ;u,norted is $685. 775,151 greater than
neiCH'"''- .sanonding time in 1881 while the Vaue
1oi 'n' e-abondise exported is S29,6O"--f VS.
OF .no nooirst the port 500 442'3'o. Ioi VI,
Of last year the imports eAoeou.u
W., only S24412 072; this year 'he
Inc oxnor,s $50 s54 Az; difference a. polo.o
re- 40 az. Last year the specie III
STAT '. -. to date amounted TO S29'o"-of' r.
~ '-'4 a. -o4 5s3 decrease, S27.s 'o'ool' 'i'D
YEA na sDecie exports TO date ahloun' "
year oas last wear to S5,019s56; increase
500 600 a difference in the specie movement "
tlc credit of the port Of S54,23o'o'o' -.
IT, following shows the imports anu eNP0''''
,.ber than of securities, at NeW-loIA Sin0'
J, for ISL and 1917;
IMPORTS. .
ed ISL illqa7s sea5 Si9127 Inc s55555.l5jj
Mercsnnd'e. s'$ 9957o55i i,7945s8 Dec 27s12ss1
-. sa9osI4 5lo s22S, 1870 Inc. $7,Ssa47o
IMPORTS.
.1 lSS1 l., %. sls7 S cSi $50 Dec asss7s3i
Nercs''so 5,ol9s55 SlG74.24o Inc -C,,o1o2-
r,,,, EXPORTS si7I75l76O slGslsSe2s Dec sSSl2'''-
balance against s4ooe24sO sGO2747s2 Incsll2l2so2
NJ urootIv hank statement of averages Tor last
-, = = remarkable one TO an unusual degree us
- foil IN reflect the true condition OF the re
-. ood therefore Of the other items reported
s+otoment however is useful in adding unusuai
60 20 the commercial and mercantile complaint
a. tb the ordinary reader the present system Vi
making weekly Oank statements Is capaole Vi uoiie
more mischief than of conveying information. p'n
;pg the hank week ended Friday mght' june -
,bo sub-Treasurv paid out S4,515,32l more com
tbao II received from ordinary sources the eA-
vorts of gold for the week amounted 10
Soo7415O Here is a net gain to the pahhS Vi g.
o41 Il specie and II Is known that that result was
NOT impaired by any interior movement let tne
hank statement reports gain III specie OF ohIs
$3.50 900. and an analysis of the movements aihrns
.he correctness of the figures; but II is not
every merchant or banker who keeps the neces-
memoranda with which it is possible to analyze
,ho rrot1ems presented by complicated system for
The making Of bank statements. The Sub-Ireasurys
los Of - 515.321 coin was so distributed that in
the bank statement il counted as an average gam
If 81 81 900 specie; the exports OF S2,214lJO
GOLD coDnted in the bank statement as an average
loss Of 81. sos 400; so net actual gain to the
hanks of S2241 100 specie during the week,
en- the weekly statement counts as an ayerage gam
Of only S34I 500. That is the result of the week 5
sroverlepts: TO that sum should be added, or from
it should be deducted the full amount of specie held
nt the opening of business Saturday, June j. that
WAS in excess OF short of the amount given III the
statement of that date. We then estimated the
surplusage at $500, OOO that sum added TO the ay-
erace gain from the weeks movement calls for a
reported gain in Yesterdays statement OF SS4l,OVU
specie or 81 80 600 more gain than Is reported we
nre willing that the discrepancy shall be charged 10
an overestmate our part week ago, bur II is
quite as likely to be occasiOned by an error IN the
averages of last week, which involves
q difference of ST 900, 900 between the actual
net gain and the average of the gains. The true
specie reserve of the banks at the close of business
on Friday. June O. was about S1,9OO,000 greater
than the sum of specie reported in yesterday state
ment The legal-tender portion Of the reserve IS moi
rs easily followed because il is impossible 10 know
what part of the currency" movements conss ST;
of legal-tenders and National bank notes.-the first
are a reserve and National bank notes are not. The
Sub-Treasury movement IN currency" last week
was unimpOrlant, but the receipts of currency
from the interior were nearly 81 900 600 in excess
of the outgo as reported at the express offices and
the banks deposit averages show gains that are
about $500 600 larger than the increase called for
b. the change in the other items But it is probable
that the reported gain Of 1896. 500 in legatenders
only partially reflects the actual condition. The
total reserve of the banks consists of 81 40 per
cent specie and 80 $40 per cent legal-tenders,
while year ago IT consisted of 50 $40 per cent
specie and 10 2-1O legal-tenders. The weeks move
nents as reported result cash gain of II 67S 500,
an increase of Isl 225 in the amount of the sur
plus reserve, leaving it at S5,135325, against
sSSO5 300 a year ago.
The following are the comparative totals of the
statements OF June and June 10:
June June 10 Differences
Epece 5ses3so} 5i,$$7adg9o00 Inc 5000 600
1epost- -. 2s8 657 500 300 5000 Inc. 1880
riTculalion----- lao5i7O0 ls592,lO0 Dec. 4alOO