New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-23


i iSSsscasi y $3.50 iSGsS5oS Inc $500
Total reserve. s7O747.9oO s72905SOO Inc. sI5l54OO
against dspsiis 7lOs725o 7;.sssO45 Inc ss775
Deaeit........ s2s9J5O sOl4g76 Inc. s0iS625
.surpins.
The banks now hold in cash-speeie and legal
tenders-S1O O04, 100 less than the sum held year
! aqo TIE loans nov are $1.1ls. COO greater than
then. and the deposits are sc, 675, 800 less; so
that the reserve required by the 20 per cent rule
nov is ST. G6s. s25 less than il was year ago. But
the reserve now shows a surplus of only $624.275.
against a surplus Of S0,040.55 then, and the pro-
portion of total reserve now is 2522, against
~ 20 per cent at the same date of 1882.
During the week ended Friday night the Sub
Treasury received from Washington $4,000
lega-tender notes; il cancelled and retired
$500 900 new gold certificates, leaving the amount
outstanding $G2, 725, 900; il sent to Washington
500 600 mutt lated United States notes, $l15, 000
mutrlated National bank notes. and S29s, 900
SILVER certificates; It redeemed $4,000 legal
tender certificates and issued of the same
100000. All these items appear in the
sub Treasury's statement as receipts or pay
mohts. so that instead Of gain Of $347,423 as
appears by the report OF daily balances the Treas
ury's gam for the week at New-YOrk was 81 $780,
1913. Money at the Stock Exchange ruled mode
ratcly easy all the week at ga per cent as the pre-
vaing rates for call loans on miscellaneous col
la ersl. On Thursday and Friday. however. rates
were momeniarIly up TO 7Gs per cent. Yesterdays
business was done at GAS aud finally at 4G3 per
cent There Is less anticipation than there was,
however of extremely low rates at an early day.
IL is found that money does not quickly flow
back to this centre as 1t formerly did. The bank
81 atemenis show this. The statements for the cor
responding dates OF one and two years ago made up
with large rising averages for cash. while it is
questionable whether that of last week shows a
little more or little less than the amount of cash
actually held at the end of the week. On May the
Treasury pays tho interest on the three and three
and one half per cent bonds amounting TO about
s., 500, 900, and there remains unpaid of called
bonds about $4,000. 600; OF that sum about
81 10000 900 is of the 120th CALL the interest upon
which ceases May so il may be expected that
large proportion of the last-named sum will be pre-
scnted for payment at that date. The domestic 4
changes are nomnally in favor OF New-York at
Chicago and ST. Louis the rates Cor banks drafts
ON New-York at those places being quoted 1880
cents premium AT the South the rates favor
movement Of money in either direction, although at
Savannah commercial bilsare quoted L. discount to
par and at New Orleans ut 30 cents discount. At
the East the rates are strongly against New-lOrk,
being at Boston 40a30 cents discount.
The foreign exchanges were dull the week
through and rates were easier; the immediate
situation of the market, however is outcome of
n lack Of demand aud not that of pressure of bills
of any kind. IL any exchange has yet been drawn
against the Baltimore and Ohio,s new loan for
e. 400 0O0 1t has been absorbed without affecting
the market. At the close, rates for business were
based upon 81 SO and III ssh for long and short
sterling respectively
During the week there was an active speculation |
in cereals which resulted in further final adv ances
of about z cents for wheat and about cents for |
corn Reports concerning the extent of the damage
sustained by the winter wheat still conflicting
but the operators the Chicago markets who speud
large sums Of money for accurate information |
are professed bulls on the situation. |
The situation Is aggravated by the |
of the for spring sowing. The
markets OF Western Europe followed after the adj |
vance made IN our own market, but the quotations |
kept behind the equivalent of ours. that such |
shi pments as were made were based upon expecta-
tons of future advances rather than upon the cur
rent differences. The receipts of wheat and corn at
the principal Western points Of accumulation |
last week show considerable diminition from the re-
septs Of the preceding weeks, but make favorable
with the receipts of tho same week of
1882. The speculation IN hog products also was
i've and higher prices were made; the receipts Of
hogs at Chicago and Milwaukee last week were
only about half the number received in the Same
week Of 1852. Tho movements Of -four,
grain and provisions toward the sea-
board. as represented by the railroad shipments