New-York tribune., 1886-08-23
THE MONEY MARKET.
SUNDAY, Aug. 22-f. NJ


.,.... Treasurer last week received from
nv a, 754 sss and from Internal revenue
- -. so7-total from beth $6,s6s.ssS, against
- eso el6 IN the preceding week During the week
- r..prers net available balance. exclusive OF ac-
-, ~ interest ana any change In the amounts
=, .ru,nr current expenses, was increased So''V''i
:, accumulation OF cash balance Oh
py ooz s,s n reduction OF 1870, 751 in the amount
,,a. for trust funds While there Is strong CIR
VI n,,., "~, evidence that something over 500 Ooo
,,.naer notes converted into gold az the Ne"
- suh-r Treasury. the General Treasury sta'emen'
-. loss 10 the gold balance Of only Sl'"o'o' maue
NV -, =, issue OF Ss79.3l0 certificates less
up " 1,,,,ou of S7O564 bullion. The legal
." n.l.,ce was increased .S429s,0s7 By an
,nr,at,ou OF Sl6930s7 in notes plus the contrac-
- - - sl5 900 OF certificates of deposits The si[
W. W" sai.ncs was reduced S496.724 by an issue of
sSe oeo certificates less an accumulation OF S4o'Soo
sl1on In fractional silver S175,657 was put out
for general circulation.
oned are the results OF saturdays statement as com
~ Su 'vitb those OF the statement OF August Ia
Aug Il. 1885, Aug. Fl, 1886. Changes
Gold coin and ban,
l,ss ccrthedI,s
and sloVVVoVOV 5772l 500 s57547ssO Dec sl7S.s7o
dss 9S's' less ''r 2ses92 ss9 5 Inc 42ssSs5 2ssSs
Nat Dank notes: Sl22'246 20s4'Z9i Dec '-'''-
bsloss.s IN NAL l4.2s7.sls A.277.O7s Inc. ss,204
silver dollars and
tansjes oa,,aGe o7G4O435 97.l4s7l1 Dec. 49672i
-.,.,. sIggsss 692 sos, i27, ,cS7 Inc s5.2Ss.9s5
Deduct for funds
held 20 red'm Nat
the the. . pei 0eA' 714s2lss 7O96l.Sss Dec 47O.75l
,,.u balance si2s456.558 sl82 I66 200 Ines 7oo74d
1er eoas 2ss6sO 2ss54s Dec l75es7
..,., ,.,.nce gI56.sI768s sl6oS5l7i2 Inc.ss5S4o59
tn. vote al want of confidence IN tnr administrator
OF the Treasury. which was passed 10 the ciosinS 40
~ Crrgrs.s srems 10 have been unmerited lie de-
armrut seems be disposed TO push tue silver Crisis
A. r.pldy decent regard for CONSERVATISM VIII per
mit Congress adjourned the Ac.Sa oS Seore,a
Per cent bonds, making the 6s1ont s@o1n. 60
iIeG.ive 39Oooo Il Is true that II IS calculated
that The htge Gals @ '9 ana ma, tse remanin
S2OOOOOOO Will be SIMPLY transferred To the lunn ior
very slowly. Nevertheless. II WI reuuce tae 49,.
ale general balance just the ssme. Inc iund
for permanent redemption OF National BANK notes
row amounts 10 over SoOOoOVOO' asAns1 W..on ~, .e
qretsury holds only @3l 4O4 ~ III lc-a-'euel i"so
Il is not likely TO increase that balance mnch 'uieSs II
be by the redemption OF greenoacks win A"J o'
now October l. when the Iund ior reue Dt.doI nl
ss5,OOOOoo including tue per cent cent rss9 5 ood uo
over the legal-teuler holdings chareab.e against
either the gold or balances or both Oi course
trse CALCULATIONS are based upon the theory thar the
fE generally will not substitute other bonds for the
called II the prices OF the 4 and 4i3s should decline
tone a6 per cent II is probable that the substitution
wound b. large and that taxing large al amount away
rom the balances would hasten the issue OF the Kind of
Son1s are substituted FOR the called b. held to
interest the called bonus
Al date maturity. Dut they are not actually palC only
a. fa,t As the National bank notes are redeemed.
TIE weekly bank statement issued yesterday presented
only such changes generally were expected. The
steueut woula be OF service To the nnancia anu
commercial world cid II the actual conditions al
redc line instead Of the averages OF those conditions
f6r six days We heretofore have been renarka-
blv accurate analysis Of th@ state
mept OF and IN aiming al
~ aet conditions the end Of the week hut with
SO many dlstnrnn- AS have existed during the
last ~ weeks difficult ana tn"
couclasions certain. IL TO US, however that
YESTERDAYS h-ur-s Tor loan approximate 1he actual
Condition al the business Friday. The de-
posits are S2UOD.O00 less thsn the avtrage Tor the
week an the tOia reserves ar about rloOcOov e.
These calculations make tDe surplus reserve some 500
600 less that SHOWN by the statrmeut ne banks
which contributed largest To the contraction o nas as
shown III the etaiement were; Central National,
S4OO.OoO. New-YOrk and MechanLrs', eacn SOO0OOO
America aud Merchant each s6OOOno PARK snd first
National, each 100000; ami Ciy. ~l,lpO.OVQ Those
losing the amount OF deposits wrrr nhatian
and First Nafuna each $fO0OUO; Comn~ror. 100000
Mechanic 5000 900; Fourth National S7OO,OoO; Mrr-
cnanfs'. 100000; and America and CITY. each
SlIOOOO The American Exchange expanded Its
loans S3au.OO0 We now have reached the date after
when N lss4 the banks steadily gained Ia cash and IN
1855 as steadily reduced both the total aud surplus
reserves
The following compares Yesterdays statement with those
o. the oorTesi iOud!ng dates o. l5o5 and lsst
Aug % lssl. aug. 22. lss5 Aug p ! $50