New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-30

! Yesterdays weekly bank statement Of averages
reflects the slowness with which money is returning
| from the INTERIOR The net result of last weeks
interior movement is figured a gain to the banks
! OF about 81 300 900; the banks net loss by he
Sub-Ireasury operations for the work is $500 1S
leaving them a gain in cash of about 800, 600
| The sub-lreasnry operations were so distributed
as to average in the bank statement az loss of only
| 100000; it Is probable that the sum of
$73375 800 in specie and legal tenders reported Ivy
yesterdays statement is close approximation to
the amounts which tn. banks actually held last
Friday evening As it is evident that the figures
for loans made on rising
average, and hence that the actual net
deposits were larger than the sum reported it is
probable that tine surplus reserve is something less
than shown by the statement. The surplus reported
by the statement $685.. 200 is unusually small for
tins date; it compares with the surpusses at the
corresponding daes Of preceding years as follows
1ssZ. $40, S9j, 500; 1881, Sl1,44002j; 1880,
1927, $50; 1879 Sl4373,775; 1878, SIG, us, 700;
1877. $1,000, $50; 1876. S9.53j .625; 1875,
S1137S.475; 1874 $21, o72. 625; 1873. $9,611.525.
The following are the comparative totals Of
the statements of April u aud Aprl Is:
. A ss APE 20 rn6 os sssgsoo
specie. % '5ss99 9fS5S5 SO pee lss 9 sao
2 SS5S6 2 i5siSS b eS s tsSSS
rhe following SHOWS the relation between the
total reserve All tho total deposit liabinrles
APT ~ s5 hoE ls "a Dec chs S 600
Le.s,l-:enders.. ls43I5oo 10 $4,000 Inc ~ $500
Total reserve. s7220I30o s78s7j.S0o Inc slO82,5OO
against DEP sits 76G9o25 7g4soeO Inc s1l575
surpus ...... s614g55 $780, 200 Inc. s37O829
The banks now hold in cash-specie and legal
tcnders-S1 49,, 800 less than the sum held year
ago. The loans nov arc 81, 905, 300 greater than
then. and the deposits are $685. 400 less so
that The reserve required by the % per cent rule
now il 81. $50 100 less than 1t was year ago. But
the reserve now shows "a Surplus OF only SS9J200.
against n surplus of $40, $4,000 then, aud the pro-
portion of total reserve now is 1881, against
2s.GG per cent at the same date Of 1882.
During the week ended Oh Friday night the Sub
Treasury cancelled and sent TO Washington
S3ISO00 gold certificates. $I44000 silver certifi-
Gates S239 900 mutilated legal tender notes and
1896 100 mutilated National Bank notes total,
81 .Os7 100 These appeared IN its daily statements
! as pay mcnts. Ii received $4,000 legal-tender
notes in exchange for issue Of legal-tender
tiGcates, which amount appeared receipt so
that instead of losing $21G,iS2, the daily state
ment of balances shows il really gained from the
banks $50, 9ls of that, however. 100000 was
received IN gold coin for payment in kind at San
Francisco. So the net gam of the United States
Treasury for the week by tho operations OF the
New-York Sub Treasury was only SCOOPS.
Money ut the Stock Exchange ruled easy all the
week; 5a4l2 per cent probably was about the aver
axe rate for call loans miscellaneous collateras,
with exceptions as low as gig per cent on almost
every day The unexpected expansion of the bank
loans IN the condition of their and the
paratve ease in the money market is not regarded
iayOrabiy by conservative thinkers probably that
expansion was the cause for money ruling below
Ja u per cent. Whether yesterdays late rise TO
per cent Tor money and its apparent scarcity in the
last half-hour vi business have any significance or
not VIII he developed early IN the coming week.
The domestic exchanges on New York ruled pretty
steady ali the week until yesterday, when the rate
at st. LOUIS advanced TO 70 cents 81 premium and
nc Boston to 1Oa5 cents discount; at Chicago 1t
declined to % cents premium. The foreign ex-
changes wcro duh. Early ID the week. in the
absence of demand, rates for bankers bills
marked down, and commercial bills. of course,
followed out the commercial bills u.ade--and the
amount still continues larger than last year-are
absorbed rs quickly as offered. With the renewal
of a small demand for bankers bills, rates again
advanced. At the close rates for business
based upon "a 50 ard ~ ssh, respectively, for
lOng and short sterling
Toruadoes heavy rains, frost and ice in many
parts of the country last week were the alleged
reasons for I continued dulness in general trade.
Declining markets abroad and better reports of the
condition o. tho crops at home, together with larger
receipts at the West, made the speculation
IN consols irregular and unsettled; yet at
the end of the week the price of
wheat at Chicago is only about l cent lower than
week ago. and that of corn is practically unchanged
Navigation between Lakes Michigan and Erie is
still closed but the rail movement toward the
board continues fair. Members of the Produce Ex-
change, however, arc amused at the wide publicity
gwen TO the late official reduction in rates east
bound freight and say that the &" reduced rate" is
much greater than has been paid by the large re-
ceivers of grain and produce. The movement of -four
grain and provisions from Chicago by rail last week
was7 1919 greater than for the week OF 1882
and 20 2s3 tons smaller than for the week of 1881.
Navigation open in the weeks of 1882 and 1881
But a comparison of the tonnage of each road
last week with that in the week of 1882 is instruc
tive. The Grand Trunk gained 4,l06 tons; the
Vanderbilts, including Nickel Plate, 1893 tons
the Pennsylvania lines 501 tons, and the Baltimore
and Ohio 10l tons. The following shows the
tons of each article named carried out of Chicago
by each of the Eastern railroads last week; the
total tons by each railroad for last week and Ia the
corresponding week OF 1882. and the total tons Of
each article for tho weeks Of 1888. 1882 and 1881.
he railroads last week carried 6,5O5 more tons
than In the week Of 1882, but 1885, less than
Tor the week OF 1881;
Flour. Grain. Provtas Total Total
Week ended Apr g. toms tons tons; 1879; 49, 49,;