New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-24
THE MONEY MARKET.
SUNDAY, April 23-y


OF the foreign movements of merchandise last week.
The value Of the merchandise imported last week IL
$11 .275.S77 being ST. 735, 466 more than for tia
same week of 1881, and the value of the merchan.
disc exported from New-York for the week IA
$780, being 81 224 312 less than for the week
OF last year. The result Of the movement is debit
against the port Of $5,979,73S for thu
week of this year. against debit OF 80, OF 0. 9eO
for the week of 1881, an increase in the difference
against the port of S3,959,77S. For the sixteen
weeks since January this year the value Of tho
merchandise imported is $30,3S0, 04l greater than
for the corresponding time in 1881 while the value
OF the merchandise exported is 1921 ,952 941 less,
difference against the port, So, 1872 9S2. For the
sixteen weeks OF last year the imports exceeded
the exports only S12 O67 sO4 this year the imports
exceed the exports S64 400 1856; difference as be-
fore stated. $50, 3329S2. The changes in the specie
| movement however there being increase in
the exports of 913 and net decrease in ths
imports of S28,349, 1901, reduce the balance
against the port on the sixteen weeks business Of
this year to S51, 190.525. So notwithstanding that
we have lquidated by shipments of specie to tho
extent of $14, $50 (which Is applicable to
balance accrued before the new year, the balance
against the port since January | is S15,495,279
greater than at the same date Of 1881, to which
time we had imported S27, 49s Sal specie, against
total Of imports for this year Of 81 149,09l.
The following shows the imports and exports,
other than of securities, at New-iork since Jan.
uary 1, for 1881 and 1899:
IMPORTS.
,,.,,.. ATOM 90 lssI % 1882 Differences
27iSs88i i'iiS6Si Dee 2S545sso
Total imports sl57 7OIOOI slGI 73l2 Inc siO3O2Si
EXPORTS.
1881; 1889. Differences
s1a o.noso, 5 557 g5;555s inc i08s5
Total EXPORTS sl22 slIO5i872 Dec sIi4G5O28
the -sa'us ea59ie s5lso525 Inc sl54o52s
The weekly statement of bank averages published
yesterday establishes beyond dispute that there is
an unknown absorption of specie. BY the known
movements of the preceding week the banks should
have held aboui $l,50O,000 more specie at the end
Of the week than the amount reported rs the aver
age Of that week. That amount Of excess with the
known movements of specie last week the Sub
Treasury operations netting loss of $7s2,33o or
an average gain to the banks of $i2G,3OOl should
have appeared in yesterdays statement as a gain Of
about 70 coo. 900 specie. The statement repOrta
gain of only 81 900 400 The gain reported OF legal
tenders GS3, 50O-probably is a fair average Of
the excess of the preceding week aud the known
gains by the movements of last week. Loans were
further contracted 50 $685. and the increase Of
81 ,90S 900 IN deposits Is only aDOul F%ioOOO less
than the amount of increase which the other
changes call for. An important item in the state
ment is the decrease of $64O,2O0 in circulation
which is principally caused by the action Of tho
Central National Bank in reducing its circulation
| from 81 267 900 to 1867 900. The results of the
statement are an increase of 1902 900 in cash and
a GAIN to the surplus reserve of 81, 093 100 leaving
| it at SO 049, 800
| The following are the comparative totals OF the
statements of April Is and April %
ss, Ag4 IS 80 A?5 z Dec PSs:
iSeSaienicrs a55ssSS Yss5$tSS lac. 'Ss25SS
cifEcGlston 200O7'o0o Is5666OO Dec 6lO,2d
! The following shows the relation between the
| total reserve and the total deposit liabilities:
sco G APr5 so s aPTl Inc s9sssoe
! LegaltendeIs.. l6,56s,9o0 ls252i0o IIc ltsS5O9
Total reserve. s77.79l5O0 ss2,837,4Oo Inc s4592sOo
against Gepsts 72sSs85o 7Ss37,s5o 4sasoo
surpus.......... s4956I5O S9OI9,5jO Inc. s4OsaiOo
The banks now hold in cash-specie ana legal-ten-
ders-S1 90 900 more than the sum held year ago.
The loans now are $3,977,S00 greater than then,
and the deposits are $69S, 400 GREATER so that
the reserve required by the % per cent rule now
| ONLY 81 "a 600 more than it year ago. Hence
| the surplus of now is $90O,4OO more
than it was them and the proportion of total reserve
now is $500 against 2775 per cent at the same
| date of 1881
The following are the totals of the statements ~
| the corresponding date for preceding years:
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