New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-09
A DULL WEEK IN STOCKS.
HARDENING TENDENCY IN PRICES.
TREASURY PAYMENTS EXCEED RECEIPTS

TREASURY PAYMENTS EXCEED RECElPIS.
EXPANSION OF MONEY IN CIRCULATION
SUNDAY Jan. s-P NJ.
The United States Treasurer lest week received
from customs 81, 44s, 1893 and from internal rcve-
nue. s2 0s0 6s4 total from both s6529, 81 against
So, 1874, GOA for the preceding week. Yesterdays
Treasury statement shows that since the monthly
statement Of December 81 It's cash balance has
been reduced s6,9s0,112-by payments from It's
own vaults in excess of Accommodations OF
s1,6s5,s80 and by checks its deposits In
National Banks Of s5,394,232 Allowing for
the usual weekly silver coinage-s60o 000-that
sum added to the reduction Of cash in Treasury
vaults gives ST. 900 as the approximate sum
Of expansion of legal money In general circulation
during the last week. The particular changes
of the cash in vaults were made up follows:
The loss in net gold by an issue Of 81 ,06o,3s4
certificates less an accumulation OF Sl54,3O9
bullion-all home products, the loss In the net
legal tenders by an issue Of $3.50, 900 certificates
less an accumulation Of sll0,l66 notes the gain
in net silver, by an accumulation OF S44e,oso
bullion less an issue Of s3S73o6 certificates and
the loss Of National bank notes principally by
reduction of s322,368 in the amount Of notes
in process of redemption
Subloined are the results of yesterdays statement
compared with that of December 81:
Dec 81, 1887. JAM T. 1888. Differences.
Gold coin and bull
less certificates
reserve slos sos 100 sIo7 1902 O55 Dec soo6.O75
ceriiaeates e. l5.A24495 I5os4.2so Dec seol.e
Sss san n no.es 4'Sio'4S4 4''o'Z'o pso
iincate........... 52O23,9sl b2.os55o Inc. 6i5l9
Cash in Treasury sl79 900 s5so.e5o
DH SsnKs M 5slosols 46so5sss Dec. 6.se4.2sa
Total balance $3.50 1858 s228 1875 776 Dec. .G9sOll2
Deduct funds
helu In rede
mat Sanx n nSs
per cent fund. II2II7l4s 1ll,s2c062 Dec. 2o6.ae4
---- ---
1921 o5s742 slI4 s7s I24 Dec. s66sS,e1s
Yer CONS. 24.s2762s 2a.sOle4s Inc. a4,4l5
Total balance 27o slSs 7s70e7 Inc s66492o3
Since the Controllers statement of December
81, 1887, the Withdrawals of Government bonds
Oh deposit to secure National bank note cllcu-
lation has exceeded the new deposits Tor thtt
purpose by the sum of SOB, 900. The deposit
of bonds to secure Government cash deposits IN
banks was increased 100000 and now aggregates
$50 033, O00 which amount under eAlstlnS rules
permits of cash deposits with the banks TO the
amount of $50, 1000, or $6,20OO0O greater than
the amount Of deposits reported by yesterday S
statement.
CONDITIONS OF THE BANKS COMPARED.
BY the operations of the Sub Treasury IN the
week ended Friday evening the banks gained
s3e17,07O. The gain all occurred on Saturday
and Tuesday, and at the end of Tuesday amounted
to Si,246352. Since then the Sub-lreasury has
gained from the banks SO that the net Tor the
week is reduced to the figures named lester.
days bank statement shows gain In cash OF
S5254,1O0 AS by the operations of the sub
Treasury since Tuesday the banks have been
losers OF cash, the figures not only represent the
amount held December 81 in excess of the amount
reported in the statement OF that week, but also
liberal receipts from the Interior There was an
expansion of s3,530,5oO in loans, which was not
to Wall street operators reported increase OF
Sill 046,l00 in deposits is s3l6 800 greater than
the other changes call for, which may be partly
accounted for by payments of bank dividends
and receipt of National bank notes from the In
terror. The statement leaves the surplus reserve
at 81 O,s26, 1875, against sl4, 1865 at date of
The changes in the week of 1887. were as
cash cS'iH"S increased 50, a5a oOO; deposits in,
creased slos7o,300 and surplus reserve in
The changes i'll the week OF 1881 were as
follows Loans increased seS2S,I;oo; cash ia
sroe g05 Teserve in
creased sl,591 800
The following compares the totals ofsEesterdays
statement with those of the corresponding dates OF
1881 and 1897:
ss4 }ss5 ssP lss7 ss 5fss
specie 1874 sISl32o oo g a soS
F bsFa.iS ss7s ;5 s7&fss5S
Clrculaton....... 1s.i26.2OO 7.s96.sOO sO9s.9O0
The following shows the relation between the
TOT tai and the total deposits at the respect
i've dates
Specie sSleis9oo ss55o992oo ssSs329a aoo
Total reserve. $500 500 siO782l.iOo slosd53 200
'' ssst Deposits 7l.44eo25 90 5st725 o2s2e475
surpu,..... siS,3i0.375 sI47sG675 slOS26726
Rat o OF reserve to 800 800
,eposis per cont 2b.5O ZoVo Z"9z
The following is Yesterdays statement in detail