New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-08
CONTINUED EASE IN RATES.
BULL SPECULATION GOES ON.
FURTHER REDUCTIONS IN TIE TREASURY
SURPLUS


The United States Treasurer last week re-
celved from customs si.1Os,ill and from IN
ternal revenue s2,5js,559 total from both,
s6,GGG,07O, Yet by payments for interest ana
for purchased bonds, it reduced its surplus
sG875,07i, without counting the purchase OF
some $4,000 900 yet TO be paid for. But the
surplus is still over so5, 100000, all applicable
10 the reduction of the funded debt The loss
TO the surplus was made up by reduction Of
the net cash in vaults sj,13s, 7G9: by reduction
of deposits in banks s3l4,s47: total reduction
in net cash balances s5,453,G4 and by an in
creased liability for the redemption of surrendered
National bank notes, S62l ,i2S AS the silver
coinage for the week amounted 70 about 100000
the actual addition 10 the general circulation OF
legal money was about $4,000, 900 for the week
subioned are the results Of Yesterdays
pared with those OF the monthly statement OF September
%; Sept. %. less. Oct O. isss Differences
Gold ccn and bull
reseSys s9771a11o 500 COO ss5 Dec 81 o22, 231
- cceTfiacates 40 6es 9o3 ,3o4iO247 Dec. 1lss,7l8
Nat bank notes Go23So7 o''o'oZ' Dec 2'|''oo
Silver dorrs and
ticates...... sos757Oo 9o,1soGoi Dec. 16s5'o72
Cash in T,casy sis5 i5a $780, 1853 Dec 1913 100
Df Ss banks 4 52oo5 81 aso7i4 Dec. al4s47
Total balance 1891 990 743 $685. o97 Dec s5453e0
Deduct Tor fnnls
Nat b'nk novs.
per cent fund 9f,o1fG2o o4'oSooof INC oNi4Eo
Net available % 600 o., ~. noo 90 o7s NJ.
BANK CONDITIONS COMPARED
BY the operations of the Sub-Treasury in the
week ended last evening, which included pay
nents Of S2,040.4lj for purchased bonds and the
receipt of 1905, 900 for exchange on Western
and Southern cities, the banks gained 1889, 9oo
cash Our estimate n week ago gave the banks
about $1,000, 900 more cash than the sum re-
ported for tho averages of that week, which with
the gain made last week should count in the
averages as a gam of about S9,l00,00o cash.
Yesterdays statement reports less in the average
cash of S2327, roo. This should indicate IA move
ment to the interior of about 81, 100000 cash,
exclusive of that sent through the Sub-lreasury.
The banks at the close OF business Friday evening
probably held about 100000 less cash tnan
the sum of the average for the week The
loans were expanded 81, 920,100. The reported
increase of s4,0I7,9 900 in deposits is Sl,1OO,00O
greater than the increase that the other changes
call for. The decrease OF S32l,l00 circulation
is probably due to the sale to. the Treasury OF
bonds deposited for security OF the same The
statement results in loss TO the surplus reserve
of $3.50, 675 and leaves it AT 81 .1l75OO,
against S8II2,75O October &, 1887, and
50, O5s, 500 October 0, 1886.
The changes Of the week Of S87 were as fol-
s237, 700, deposits increased Si,54S,200, and sur
plus reserve decreased 904,350. The changes for
the week Of 1886 were Loans increased S3,56l.-
200, cash decreased $4,000, deposits increased
S31 GS, 800, and surplus reserve decreased $780,
l2j. The changes for the week OF 1881 were
as follows: Loans decreased si.373,500, cash de
creased So 0s2, 300 deposits decreased s9,62O.2OO,
and deficit from - per cent reserve increased
S575, $50
The statement compares with Chose Of corresponding
dates Of 1881 ami 1887 follows:
oct. l. 'sl. Oct T. 's7. Oct. O. 'Ss.
Loans eS2G 1893 900 s34s, 1873 ZOO s395 1876, 400
Specie 5053i,400 74,0745oo 300
Iegal.tenders . Il $50 500 2073l 800 90 705 800
Deposits 29SS07,9O0 $50, 37f 200 412762, 500
Circulation . 1887, 100 S.IS9 iC0 G5l7,300
The following the relation between the total
serve and the total deposits respective dates:
Specie . coo 53i, 400 s7l,874, 500 ss4 9O2, 900
Legal tenders 1aS5G. 500 20,73l 800 90 705, 300
Total Ell 39l 200 s95 700 800 STA COS 200
Reserve required
against deposits T72f47j eI5O3 300 lob 10000
Surplus go SsS275 sS,ll275O sII,4I7, 500
B3tio OF reserve TO
deposits, per cent 23SS 2H52 2IU
tDolclt
Following is Saturdays statement in detail