New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-12-31
THE YEARS DULL CLOSE.
STOCKS WILL NOT DOWN.
THE WEEKS TREASURY MOVEMENIS--A
CONTINUED LOSS OF CASH.
Cundov hoo am
Sunday, Dec. 30-p. m.


from customs 81, O. 500 and from internal reve
: nue. 81, 763,594 total from both, si,574,4 63
against S5,05S,57s for the preceding week. The
weeks Treasury movements included gain to it:
gold balance of 81, O6i 1873, and losses to its legal
tender balance of S56g,3S TO its silver balance
g., 95e, 015, and to the amount of National bank
notes on hand $3.50, 727 making the net loss Il
the balances in vault $685. The amount on
deposit with National banks was increased S62 276
leaving the net loss to its cash balances $685.
The liability for the redemption of surrendered
National bank circulation was reduced s055,6
so that the gain to the surplus balance was
s6L,597. Allowing for the usual weekly coin
age of standard dollars 900, O00 the actual
money put in circulation during the week was
about Sl,500,O00
subIonei results OF yesterdays statement com
pored with those OF the statement OF December %;
Dec. o., 1855. Dec. 90 1885, Differences
Gold coin and bull.
rcservc. 900 5oo 81 s1o2 567. IA Inc So oeis33
notes S Dec Ds ssS 80
udcates...... 90 ee7. o3o 1ooioo55 Dec 1,o5Oo75
Cash in Trcasy si5s 02I 1876 s157O787S7 pee $3.50 $40
tonal banks 4e52a557 4e5sG,s3a Inc ST. 7e
Total balance eos s2Oi eco O2o Dec 1913
Ssi 5 g redeem SSs,
including the 5
per cent fund o51s7o7s o4,os1,4os Dec. o55,O7o
balance. >. 800 oo1 els s1iO o2o 2l2 Inc s67,5o7
| THE YEARS EXPANSION OF MONEY.
Yesterdays Treasury statement will vary some
what from the complete statement of assets and
| liabilities to be made up at the end of the month.
| But its figures are near enough correct for our
! present purpose which is TO show the Approximate
| amount of money in general circulation at the
| end OF the gear compared with what it ut It's
| beginning. During the year the Treasury has
duced its gold balance over $4,000, 900; we esti-
mate the cOuntrys product of gold not consumed
by the arts TO have been S3l 100000. The net
exports of gold in of the imports have been
about S2O,3OOOOO. leaving, by our estmatcS
$40 600 which has been passed into money,
which added to the Treasury loss Of S60OO00O,
gives SIG, 600 as the years addition TO the
gold in general circulation. The banks of New
! ork hold $4,000 900 more gold than year agO.)
he Treasury his lest S33 600 600 silver and in the
same period has coined Of standard dollars about
SOB, 600, which gives in round figures
$50, 600 600 as the years addition to the circula-
ton OF silver IN dollars and certificates It's legal
tender balance, however, has increased nearly
81 100000. The total addition to tho legal
money circulation Of the country during the last
twelve months has exceeded s65. 600. 600. Against
this the contraction in the outstanding National
bank circulation has amounted to S3iGi2,337,
leaving the expansion OF g7ltcrder and non
egaltcnder circulation at s3ll32,400 But il
must he remembered that the s33 00O,O 600 of
silver coinage (which about offsets the contraction
in bank notes performs not only the purpose OF
crcn lation. hut also that for bank reserves and
therefore is worth four 70 one basis for loans.
The suboincd tables explain themselves
CASH IN THE TREASURY.
Jan. T. 1855. Dec 90 1884 Differences.
Cold balance s2oS COS 9o s2o2 5g5 Dec $goioo 9sS
Silver balance. 02o230s3 l9ol09j5 d. O. o3ol302S
'-, Y''' 154a4125 s24os7o2 Inc 1oe7o277
Totals. ee7O o50 5ss $3.50 9s1 sol Dec 500 o7l 737
ADDITIONS TO THE CIRCULATION.
Reduction OF In he Trea. O74.737
Cola p1o1ac sa1 ooo ono ''0oo'ooo
Net export Observation-Disclosures. 90. 100000
Net gold Observation-Disclosures. 100000
Total edition 70 se57717o7
bAhk notes. ----.---.---.--. 81 Gi2 33I |
Expansion IN total circulation e9i1324oO /
BANK CONDITIONS COMPARED
BY the operations Of the New York ub-Treas- /
ury in the week ended Friday, which included /
the receipt of 81, 900, 900 for exchange on other /
Sub-rreaSuries and the payment OF S24S;36 for |
- .i21273 cash. Yesterdays bank statement of |
averages for last week reports loss of 81 0S9, 500
cash from the average Of the preceding week. /
These figures indicate that the interior movements /
Of the week otherwise than by Treasury agency |
about balanced each other and that the amount |
Of cash reported in the statement approXimates /
the actual condition at the close of business Fri
day An expansion Of Sl,297, 900 in loans more
than offsets the loss OF cash, so that the deposits
were increased SlI, 700 The statement results
and leaves IL at S6,2Sl $50, against SS,550150
December 81, 1887, and s12,21,35O December
81, 1886
The changes for the week of ss7 were as fol-
lows Loans, increase SIS, 500: cash, increase
81 .IO1 100: deposits increase S1,5l3400; and
surplus reserve, decrease si7I250 The changes
for the week in 1886 were: Loans increase
s203,40O; cash. increase S6.93s, 200; deposits,
increase s7,j96200 and surplus reserve, III
crease Sc. 93s POO. The changes for the week of
1881 were: Loans, increase 81. 079,300; cash.
increase s3l 100; deposits, increase S2,442OO0;
surplus reserve, decrease s20l 400.
The statement compares with those Of corresponding
dates Of 1881 and 1887 follows
Dec. 81, 81. Dec. 81. 's7. Dec. 90 80.
Loans 400 s3565io 600 S3ss 79S7o0
Specie 57,7s2.500 7l130 800 10 52l3o0
l.egsI.tcnders $780,. l5942OoO 37250 SO 29s3s7O0
Circulation ........ 20,l62.iO0 s.077.3O0 A. s61 800
The following shows the relation between the total
serve aud the total deposits at the respective dates;
Specie ..;.--...... s57 1872 800 800 s7651300
Legalte l594aooO 97.25oSoo % $50. 700
Total reserve. s7a,72i.5oO sos,8oo 100 100000 600
against deposits 72472.ooo sosso $50 1coo7so5o
Deposits. per cent. 25i3 213S 1906 I
The following is Saturdays statement in detail
Banks Loans. specie t5 'Sit4' Deposits.
Manhattan 60 l0,2ll0oO Eoo9Oor 5ss.0oo lO653oO0
Mechanics Nat aO3O0OO i'2230OO 55s0O0 7id6000
bank Of AMER II j3l ZOO l12s,suU 5jJ,GOO To- 35O3OO
National CITY. 967S5oO s25G2OO 900 l0s22.oo0
radcsmen's Ma 2s9l, zoo 47lOOO l97.6OO 1928 700
hemcal Nat 2O5sl 800 1851 500 LOS,
fcrch ~ Nat 3Oi9, zoo 500 6j2SOO 4,26i 500 ,
iallatin Nat. 5ss5iOO Sj7,4OO d336OOI 4.QB3UOO
ia Butch q DT is5s5OO 570a00I llS.iOO 2,O5l 800
iech rad 22l40O0 i5Z0o0i $4,000 2,dO2000
sl i77SSSo ilaSo0 dlgd 100