New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-20
THE MONEY MARKET.
SUNDAY. Dec. 10-P. N,

Y, N.
The United States Treasurer last week received from
customs 80 296 1877 and from internal revenue $780,
1877 total from both COL 1874, against S60sl S54 for
the preceding week. our usual weekly comparison OF
the reasurys condition shows that s net cash balances
last week increased S2i 665 but ts deposits In
National banks increased Sl43i,955, It actually
gave to the money markets OF the country Sl,2200Oo
more than its receipts BY the additional transfer OF
S435.4s6 to the fund for the redemption OF
National bank notes its net available bal
ance was reduced s223S2l. further loss
of S5OOt5 In fractional silver coins makes the net re-
ducton I'm balance for the week $273.s66 AZ has been
usual OF late the noticeable feature of the comparison
the gain 036l In the gold balance. made up by
an accumulation of 81 ,56725s bullion. plus the reduc
ton in the amount OF outstanding gold certificates Of
81. 4Gs, 900 This makes the gain In the gold balance
since December over 50 900 and gain since jan
uary l. 1886 OF abont S23 10000. The legaltender
balance last week was reduced Sl.7S24o3
by loss OF sI7i2,403 OF notes plus
an issue Of 100000 certificates. The silver
balance was further reduced $226jl4l, despite the
usual purchase Of 100000 worth of silver The change
was effected by additional issue Of silver certificates TO
the amount of S34O2334. less aecum atlon OF
81 1913 in coin and bullion. The changes indicate
that something like 5000 in coin was turned into the
Treasury In exchange for certificates
Subonoa the results OF SATURDAYS statement
pared with those OF the statement Of DE ,ember IL:
Dec. H. 1886. Dec 1S. 1886 Difference
Gold coin and bull
less certificates
res - s676i48s5 s7OGs05i3 Inc s3O36 so
;scs,es less 2s6s7ooe 2sao5 800 Dec l7s, 1903
Nat. bank notes. 8,oi6s59 2soG955 Dec. 20s9Ol
p hanks IL "@ l2l2o42s 1861 1878 Inc l.43io5o
Silver dollars ami
tidcates ~ s154679l 7A2s0G5O Dec 22G5.l4l
Total. si0s o2S 3C7 $l0s. 235 O32 Inc s2li 1868
Deduct for funds
b'k .es nclfg
f fnn . pn .o". os9sl6i7 9seG71os Inc 4s549G
Nctav balance s9l 70l $50 s945o7929 Dec. $223s2l
Mr. ac ss svcTcon S 25e77a27 2e272s2 Dec 5oOr5
To,a, balance si2O4eso77 si2o 1875 2iI Dec s27ssc6
The weeks changes in United states bonds held by the
Treasury account Of the National banks were as fol-
For the security Of 3ofe %sT
1927 q per cents For security Of Goyerne n de,
ii' per cents deposits $4,000 4ie per cents
Yesterdays bank statement partially reflected the re-
weeks manipulation or the money market,
in discrepancy of 81 100000 between the amount OF
reported decrease In deposits ana the amount OF dc,
so rc Ttn %e U eject of severe udaon
at the sock Exchange in comparison OF loans 10 the
the average the week OF the actual CHANCES whirh
were made AS there was little or no contraction OF
is believed that all through the week there we're expa
sions of the commercial and mercantile world
seems reasonable To estimate that the contraction at the
stock Exchange amounted toSl5O0O,OO 0or S2OOOo0OO
The average decrease In loans and The average loss
pos of So 900 The deposits reported decreased
So 400 600 This discrepancy OF ~ 100000 undoubtedly
reflects the Withholding from deposit OF certain amount
of certified checks Of this kind OF business
done until Wednesday, and assuming that tho checks
were Withheld only one day. the figures would repre-
sent the locking up OF So 100000 Wednesday. but rs
il is known that the practice was resorted To on
Thursday. IL seems probable that something between
So 600 900 and So 600 OF certified checks with
drawn from the market on and after wednesday Inc
loss I'm cash OF 81 G75 400 entirely consistent with
the known movements Of money; but in that item the
Abatement probably made on rising averages.
nl,
with those of the corresponding dates OF 1885 and soi
Dec 20 1894 Dec 10. 1885. Dec IL. 1895.
Loans .S2A $40 400 SS3I.574.3OO s34SG93 700
spcce sss?2o s2 sds 100 loo !Ss99 eco
IfgalendeIs. olhOo.SuV 1,o'-u,vv
DeIoaiis ....... 3364l3.l 3I1.5O2uOO 1913 7blGOl
Ii,cmat,on l6s63OO lOOO51 100 1914 100
The following the relation between the total reserves
and the total deposits at the respective dates:
sneo. ss6 S52 200 s92,lSlOO s74. 1896 900
JfyaL fenders... 376g52O0 2S5U5 200 lSOG2,OOO
Total reserve sl24, 400 sl2l l23.3O0 S9244SGO6
h e',int ,e,"osits s3sGO775 9i3755OO ssI4O4OO
surplus ~ sIO6s6625 S2G747,s 800 SiOOS2O0
Ratio Of reserve
10 depOsits. per nm 40
The following 10 saturdays statement in detail:
Banks Loans Specie tenders Deposits
:ops@SoSS sSSSS aSSSSS 233S
W,,rnanIs = G5IglOOl $40 700 614.3O0 6.l4OaO0
Mechanics ..... 1913 900 l.bOi0OO 2O1UV i.i5uVoO
AmerlCa......-. 'c3-ocuO i.Su.ovo
f,itv g.il 1000 2,1564oO 3hOOO lOo5b.5OO