New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-08
THE MONEY MARKET.
SUNDAY, Jan. 7-P. N.

,yara racorded ,bere were numerous failures In the
mercantile world; and not least, aState treasurer
robbery defaulting State was brought 10 heh1'
The United States Treasurer's statement or ASSETS
and liabilities revealed the facts that the treasury
balance including S26, 521 900 or non-egal tender
fractional silver coins was down to $llo|ol'oVV'
against 1897, 100000 on January L, 1857 tna6 l"
tie twelve months the lreasurys ow"e's"iP
of gold over the outstanding amounts of gold GER
tifcates was reduced from $167428.Ooo 20
Sl3l 900 OOO a decrease Of $35,439 600, ana
that It, ownership of silver dollars 412l2 Grainsl,
in excess of outstanding silver certificates,
was increased from ST. 273 900 70 $25,573 ,OOO-an
increase of 81 8 800 900. While the silver dollars
i'm the Treasury increased during the year
1914 427, OOO the circulation OF silver certlhcates
on January /, 1883, was only $6.l2IOOo grea'er
than 1t WAS on 'nuary l. 1882. Even Congress
men should he able work out the simple pr0Oiem OF
how long at that rate of ex hanging gold for
silver, it will take to convert the IreasurVS
entire gold into the silver dollar. the gold
value of which has declined, since the United states
began its coinage at the rate of S2.OOOOOO or more
per month. from about 81 cents to 81 ceuts. Ire
decline of S27,O00,000 in the Treasurys total bal
ance 10 a point approaching the danger line was
caused by the Secretary's weakly needing hespecua-
tive hue and cry ras ID during the autumn that there
and responding to it by rash calls for bOnls. Ger
tainly the Treasury has been brought to point
where it will he able TO afford relief to tine usual
suring strngency in the money market
The imports of merchandise at New York last week
Ss 200 OOM were So ~. than iorthe week
of 1882 and 81, 307 452 greater than for the week
of 1881. Those are differences on the wrong side ;
true It is only for sugl, week. hut 1t folIows the
mr. codinc four weeks of December, when the IN
crease WAS SO 800 900 the imports OF the same
four weeks OF tho preceding year, and %, 100000
| over The four weeks OF 1880.
The weekly statement of bank averages pnb-
lished yesterday not only partially reflects the
largo M rments in excess Of its ceipts by Tire Sub
Treasury but also considerable receipts from near
nv points in the interior. The SUb-Treasury ac-
tually paid out $3,3lO,i6?, coin or certincates
more than IS re cipts. winch sum wonld AVERAGE
in the banks statement as gain to them
of So 600 900 specie; the balance OF the specie
gain re ored $3.50 ZOO is The average representing
receipts from the interior in the excess OF shipments
made. except through the agency of the Treasury
Hence il is probable that che actual amount of
specie held by the banks at the clos OF business on
last Friday evening was ut least 81 800 600 greater
than the sum gwen IN the statement. The gam
of 81 $40 800 reported in legal-tenders is also an
average of real gain Of over T2,OoOOOO received
from the interior. The unfavoraUle fentnre of the
statement il the expansion Of $G,3fs 900 in loans
because il T. evident from the hQnrcs OF the
" hole statement that il is local expansion, ana
probably /. amo It entirely male up Of cal loans to
the different speculative exchanges. The incre So in
deposits il gwen at $l1.217.5 % that sum IS
300 900 greater than the amount of incr -ase
which the other items call for. bat IS easily ac-
counted Tor by the transfer from The banSs cash to
~ "a Ia tL
on January .. The weeks movements as by the
statement result IN a gan 90 tn' surpn'r1 rves
Sf2GI. $50 tthc gun for the week of 1882 was
81, 123. 300. and leaves them AZ Si.53722o.
The following are the 60 nparatiye totals OF the
statements Of December 30 and January q:
a., Pee &c 80 300 ,s7s q Inc pln isss so
lssisadsr.. isS1i4oS so5ofiSo inc iSi95S5
2c535s 500 ' 75z5 90 Dee Dec i- $3.50 1855
In. following shows the relation between the
total reserve anl ~, total ds,,ut lilDiliu,V
2s,aa ' Is '5 5i5 ' 2oa6tsoo me- 100
Total reserve. s76eoi.soD ss's575oo Inc siodd.2oo
sssnst dspait, 72o5oo 7579os7' Inc 2sota70
suro,u. . ssS754oo si.oJ1245 Inc. si.s6l.s25
The banks now hold IN ca+h-specio and legal
tenders-S2 l6l, 700 more thar tho sum held year
aqo Tho loans now are ~ .G9l 200 less than Them
and the depo-ts ire - $50 700 GREATER so that the
reserve required by the 20 per cent rule now Is
ssh I7j more than It was a year And the re-
serve now shows a surplus OF S4,G37.22J against
a surplus of $685., 100 tnen. and tne proportion
OF total reserve now is 1903, against 2G.ll per
cent at the same date Of leS2
The following are the totals OF the statements az
| the corresponding date Tor the preceding years:
1880 1881 lS|2
a o. In