New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-03
THE MONEY MARKET.


Last week should be memorable for brilliant act In
tho art Of fnancering Nearly $4,000 900 Of legal
| money added to tho sum in sight Tho Trcasnrys
net gold balance in yesterdays statement Is
create than week ago and the illegal" reserves OF
| the New-Yorx city banks remained pract cally un'
changed. This wonderful scheme to have opened
way for future preventative Of strngency In the
| money market The operation was plain and simple.
The associated banks OF NewYork-all save one, and
that probably the their pro-
portions ageneragoldpurs Of 5.915 900 and gave
to tho Treasury for like amount OF fractional silver
coins 1886 grains to the dollar, which legal ten
der only In Of s. under OF course that sweed
| tho Treasury's available balance and reduced Its
unavailable balance by tho sum named But what was
unavailable asset in the Treasury turns up in the
bank statement specie" and an available legal
reserve"
Including the foregoing detailed operations the Treas
ury last week made gain its total available balance
of S7,055,o54 and reduced its unavoidable balance
S5;0Oi 536. leaving the net gain from tho ordinary
operations OF tho Treasury at $l505lS. But tho gain
in silver dollars and silver bullion amounted to tho
large OF ~ 062 659 The gain OF S6311 4s4 TO the
gold balance made by an accumulation OF Ss16,3Of
in the metal plus reduction OF S5,405,180
In the amount OF outstanding certificates: the
gold gain exclusive of the operations with the banks
vas S396.is4. The gain in silver dollars and bullion
was made by an accumulation OF Sl,5761i9 in tho
metal, plus reduction OF SisG,5lO In tho amount OF
outstanding certificates. We're II possible. 1t would be
interesting to trace the connection between the wseRs
unusually large accumulation OF silver and nneasines
caused by the banks assistance given the Treasury
The loss in legaleuders CsG20 1881 made by loss
OF sl54 los In notes. plus an increase OF IN the
eI,h nge made with the banks there eva was gam OF
Treasuryone more indication that there Is a suicency
OF small change In circulation.
subjonci the results of yesterdays statement as
compared with those or the statement Of July rs
Cold coin and bal.
non fss Oerttu-
100000 for 900. 49,.
U nirsd ststcs "
nGcItes....,... l7eO0SSs lo97l.lao Dec. 62oles
nores...... 7822iis sei4.i2s Inc. e2l9s5
nons BANKS. lo.s2is62 lo74i5lG Dec 1856
tfoate..... % se4qs.ai9 7l.49I.eos Inc. 2o62e6o
rotals... slg4sl04l0 sI3s4 5e.533 Inc IS, 5s7,ili
National bank
noes, including
fund p-' . as.s7ls.o 6OAosoOo Inc. i.5s2O9o
AN snes s75e7757O ss3Os2G2 Inc 81 Oj6O5t
yer coiSs....... si,2sl7oo 20s57.l7s Dec 0,aoi'se
Total balance slo7 ls9379 slos5sg7s7 81. 5Osls
Yesterdays bank statement shows reduction in the
total reserves OF only Si35, 90 despite the sub |
Trcasurys gain OF $2.isi.G7i IN the same week. Thus
from the interior. The reduced ~ ,SO3.5Oo
notwith.t lndiug the additional accommodation granted
The following compares ysserfny's statements with
those OF the responding dates OF 1854 and 1888
Aug 4.l-3 Aug. p 1884. Aug !. 1888
Ioaus... 1921, - 900 s7S3b,SD t3n4soo
suo,fe -. Os.ls-,41O t41iA-OO ll5.41AgUl
81 542lUO 4i.t-OGuO
Ic,0sits..... 328Gg2gue 3Ds6l6OlO S3LOOi.G0O
Cucullfion... l5Gsu.HuO 1A.3D%O1D q.6l5. 300
The following shows the relation between tho total
serve and the total deposit Liabilities:
Speclc .... sG3lsS 500 s7l7i3.s0O sll5fN3goO
Legal tenders. 269Sl2OO 3lb72loD 4tHsOGOO
Total reserve. gOl69 900 slO6.3l5.00O sIGoiT450D
Reserved TaqUTd
agst depOsii+ sOS2322o I'l0'o'D 20, 4lof'O
Surplus. ....... sy246f75 S3l,l6l.yOO SCl.794lOO
ioic5o,ia ~ H2Zs6 8aoI A.go
The following Is yesterdays statement IN detail: