New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-07


H5l ass @ Inc se$ssiss
Lesaitenders... 10 $4,000 2o077eOO Inc. 4Ss.6OO
Total reserve s75s75.sOO s75s467oO Inc s247o,9OO
against depsIt, 724sos 7L42676 Inc I.7eL976
surpiu. ...... $685. 200 s.,gOI,i26 Inc. s.Os82o
The banks now hold in cash-specle and legal
tenders-S9, 473 400 less than the sum held year
ago. The loans nov are $27l 800 greater than
then. and the deposits arc S5,70S.7OO lessi 50
that the reserve required by the 20 per cent rule
now is Sl.427 175 less than 1t was year ago. But
the reserve now shows a surplus Of onlyS1,6OIl2 5.
against a surplus of $9,65O,35O then. and the pro-
portion Of total reserve now is 25.5f, against
2s.14 per cent AT the same date of 1882.
Last week was "A dull week at the Sub-Trcssury
it's actual receipts for the week ended on Friday
night Exclusive Of department OperatIousl
amounted only to S5611.S ISL. showing a small iu
come from customs aud internal revenues at this
point. It's real payments for the same time amount ed
to l2ls8,6s2. principally of treasury checks for
called honos and the May interest. The treasury,
however. was in receipt of large sums
at other points on account Of internal revenue under
the new law. which went into operation on May l.
The payment of all outstanding calls for bonds ~
now practically ended so lar Is affecting the money
market: future presentations OF those not yet paid
will be slow and IN small amounts The Treasurer's
printed in Saturdays TRIBUNE, shows that the
Treasury's reserve exclusive of Its S34,000,000 of
412la-gran silver dollars. S2s.O0OO0O of nom
cgateuder fractional silver coins and SO 900, 900
OF silver bulonl was at very low eOb. The IN
dications are that after the payments into the
treasury Tor internal revenue. which post
poned for the operation of the new law are over.
there will be- large falling of in its receipts
both for customs and internal revenue at least I'M
I'll the tariff goes into operation on July !. So
there should be probability OF another bond call
for several months, or at least until the future of
the Government revenue looks more promising than
IL looks now. Yet II Is probable that from this time
out the Treasury will slowly accumulate money; II
needs TO do to place its Reserves upon healthy
basis Even including the S31 0OO,OO of 4l2l2-
grain silver dollars which belong To the Treasury,
It's reserve against the outstanding lega-tender
notes is only 20 per cent Aud the exchange OF gold
Tor SILVER goes on On May /, 1882, the Treasury held
$40 997. $50 gold In Of outstanding gold GER
tfcatrs and $50 656.4S6 silver dollars in of
outstanding SILVER certificates. Now it holds of gold
$l3g 439 241 in excrss of outstanding certificates,
and OF silver dOla,s $34. ,277 OF oIt-
standing ceTtifcatcs-a decrease of $lO,55S,730 In
tho ownership of gold and ana increase of
ST., S25. 70l in the ownership of silver dollars.
The largo Treasury payments of the week had
direct effect the rates of money at the Stock Ex'
change and the banks aided tho movement toward
low rates by further expansion of their credits.
Preparatory TO May payments by corporations a
calling in of loans Oh Monday last caused
rates to advance to 500 per cent, but
since Wednesday they have ruled at 50
gig per cent. With all the care at the Stock
Exchange, however, mercantile paper again is NOV
ing slow, anu little or none. passes at better than
per cent and il is not in demand at that rate. The
domestic exchanges generally ruled favorable to
New York but at the end of the week they turned
against this city at the East. The quotations |
for NewYorx checks at the places named are as |
follows Savannah ls0h premium; Charleston, |
par to Il premium; New Orleans. 75GSl premium |
for commercial; ST. LOUIS, 1880 cents premium;
Chicago, 10 cents premium Boston, 2oOlo cents
discount. The foreign exchange market was yarl-
able during the week, but presented no new iea.-
Commercial bills were rs readily absorbed al
the prevailing rates as they have been at any pre-
cedmg tune with the slightest indication OF de,
mand for bankers bills rates are advanced, ana
when the demand ceases rates are marked down Tor
effect on those for commercial bills. The closing
rates for bushes, on the basla Of VI SZ4 anu
"a 50 Il for long and short serling respectively.
Last week developed no favorable turn III COM
mercial mercantile circles Outside OF the specu-
latIve marts movements in all KINDS oil prodnGts
and merchandise werelslOw and unsatisfactory. Inc
speculation In cereals was active and Irregular and
at thus end was weak but tine hnai prices ior wheat
at Chicago are from To q cents higher than they
were a week ago-the latter TOR August deliveries.
Corn closed from 10 cents lower The export
demand is small and refuses to pay the prices de-
manded for wheat Hay products were actively
dealt in on speculation and prices show important
advances. The May report of the Government Az
ricultural Bureau concerning the conditions oil the
crops, is waited for with no llttle anxiety
by those most deeply interested In
the !specalations; but there IS ii ht lie
mands. the cotton speculation was active anu
Irregular, but prices show some improvements on
those of a week ago spot" Is considerably higner.
Considering the large European stocks aud the
large quantities afoat for Europe. the exports con-
tInue to be large; last week they were e6S76 bales
against 67.526 bales Tor the same week oil 1857,
masing total since September l., 1881, or
4,l67.067 bales, against 3.Oo6,OOO bales Tor tue
same time of the preceding year Inc IRON ana
coal trades last reported. Ot the anthraclte'
coal trade The Enl1AeeriHG and Mining Jo"rRd' says
Individual operators and mddlemen who must Keep
coal moving are selling ut very low figures, when OUT
very few buyers avail themselves OF To cover ANY
beyond Immediate requirements. Az no ilule mas the
policy OF absainlng from anything ike purchases ~.
the future general Buyers have ehrheu goVu
dpa during the not as MhhnS W