New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-30
DEMAND FOR RAILWAY BONDS
THIS TIE FEATURE OF THE MARKET.
A STEADY AND CONTINUING HARDENING
OF VALUES REPORTED.
CHANGES IN THE NATIONAL TREASURY


MONDAY, Jan. 29-P. NJ.
The United States Treasurer last week received
from customs 49, $50, 100 and from internal reve-
nue. $2,osO,Os1 total from both. s5,s25.sH
against $6,331,15s for the preceding week. Yes
terdays Treasury statement of balances show that
during last week its net cash was increased 81
S99 670-by an accumulation in its vaults OF
$9H,920 and by deposits to its credit in National
banks Of 81, 924,75O. OF the gain to its cash
In vaults $685. IS was due to further accumula-
ton OF that amount of National bank notes IN
process Of redemption" Allowing for. the usual
weekly coinage Of slver-S $500 C00-the weeks
addition to the legal money in general circulation
was over 450,00O. The weeks changes in the
legal money in the Treasurys vaults were effected
as follows: loss OF $l333,370 Of gold by an
issue Of s2,103,510 certificates less an accumula-
ton Of S770,140 bullion q legal tender gain OF
$s40l25 by an accumulation OF S2,260l25 notes
less an issue Of l,420 900 certificates and gain
Of ss66,459 silver by accumulation Of s947,
70l bullion and coin less an issue of 1881, 1872
certificates
Suboined are the results of yesterdays statement
compared with that of January Fl:
Jan. q, 1888 Jan. 2s. 1888 Differences.
les. csrtlaest.a
siO4 500 400 sIos 2so oeO Dec. 81 S3sS7O
ss: i.s2 ss ' ssSis Inc st3 4Ss
nncatos $50. sAo6ss6l N7l7.alo Inc. eee.4ss
Cash Treasury. sls3 9sl Ino se74o2o
tonai banks ~. 6oos7sss D9sl22ss inc ls24,7so
Total b,snce 4O325l4 s2s6s32 1874 Inc So ssoo7o
held to redeem
Nat bank notes,
per cent iani ll2.oos. SEQ H. 2oIoes Dec 7ss.Dsa
Net available bal.
snce 90 ossS5i sl25 7ss lls Inc So &c., 262
Yer coins......... 247oolso as723s4 Inc. l72,l74
Total balance sI6 OSI 1850 $50 40 Inc ssS7lISs
Compared with the monthly statement of De-
| cember 81, 1887, the foregoing net balances show
| changes as follows Gold decrease, $5.312,073;
legal tender increase, 81 662.92 silver increase
| 81, 500, 1928; National bank n0tes-eXclusive OF
notes in process OF redemption increase, Sc, 077-
net gain to the cash in vaults only s5o2so in the
four weeks: but the Nationa hank notes in pro-
cess Of redemption now in the Treasury arc
| So, 053, 667 more than on December 81. or just
about the amount Of silver dollar coinage in the
period. The deposits in National banks are $751;
| 634 greater than on December 81.
The withdrawal Of bonds on deposit with the
Treasurer to National bank note circulation
last week exceeded the deposits made for new
eminent bonds to secure Treasury cash deposits
in National banks increased 81, 600 and
now aggregates $50 1000, which amount permits
Of cash deposits to the sum OF Sjs34O,000, or
S7,496000 greater than the amount on deposit
as reported by Yesterdays statement.
CONDITIONS OF THE BANKS COMPARED.
By the operations of the Sub-Treasury in the
week ended Friday evening, the banks gained IN
cash only $50. 756. Yesterdays bank statement Of
averages reports cash gain Of s3l a., 200. wli"h
reflects large receipts from the interior Probably
the banks cash holdings at the close Of business
Friday evening were about 81 900 600 greater than
the amount reported in the statement as the
/ average for the. week. The statements gain in
cash and the expansion of Sl,300,20o In loans
less the contraction of S24 700 in circulation calls
for an increase of S4444.400 In the deposit line;
but the statement reports an increase In deposits
Of only 81 90 400-a discrepancy of sl,O20,300-
which perhaps is accounted for by transfer from
individual deposits to Government deposits. The
statement gives a gain to the surplus reserve
Of s2.3i4.35O, and leaves it at s23, 25S,S2o
against S22 29s450 January 30, 1897.
The following compares the totals OF Yesterday
abatement wth those of the corresponding dates or
1881 and 1887:
Jan; 20 1881; Jan 2? g. Iss c jar % 1888 - :
s3lo 6s2200 s35SO5loO0 So ~ ' o
s0 7?fSSS g 1880 s sssSS
C,pcniat,on - ls3SO.7OO 7.o25.O00 $4,000
The following shows the relation between the
tot reserve aud the total deposits at the respect
i've dates:
Specie s6so641op s92,s5leOo $4,000 800
Legal tenders-.-.- l728I9oo 2o.lo|3oo ohol<'ooI
Total reserve. sS35j20OO Sll8OjS9Oo SllIC2oSoo
Reserve required $1,000 o-o,-o ., -c,,--
aE'st deposits. 162SO'1 e1''@Utoo Vi'ool''''
surpln,.... s7s2s925 So 29s4 $50 s23,255s25
| RAJ Of
depOsiisper cent 2hoI ouoo oiio