New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-22
STOCKS WILL NOT DOWN.
THE BEARS BEST EFFORTS VAIN
BOND PURCHASES FURTHER REDUCE THE
NATIONAL SURPLUS.

Sunday, Oct. 2i-p. m.
The United States Treasurer last week received
from customs S4,009,567 and from internal rev.
enue S2,4 &c, 234-total from both, s6,4S5, sol,
against s7,103,118 for the preceding week Yes
terday's Treasury statement shows loss to its
cash balances OF a week ago OF 81 5000, 3O6-from
the Treasury vaults 81 6,1 96, 10S and from depos-
its in National banks S1,S96,19S The losses
however, were principally made in the week ended
October B. but did not appear in the statement
of that date. The losses from vaults were (: Gold,
s12,165,O06; lcgaltcnders, s023,362; silver,
s2,547O07; and national bank notes, $3.50, 1873.
As the liability for redemption Of surrendered ma
tional bank notes was reduced ss6s,137, the
surplus by the comparison was reduced only
s7224l69. Since September 20 the vault bal
anccs have been reduced: Gold 81, III, 1926; le-
gal-tenders, S3,O75,440; and silver, Sc, 81 207S-
total s21,15o07s. Add to that s2,4O0,o0o for
the three weeks silver coinage, gives s23, 600
as the amount of legal money restored to general
circulation during the last three weeks.
su5ioned results Of Yesterdays statement COM
pared with those of the statement OF october 10:
Oct. 49, 1885, Oct 20, 1888. Differences
Gold coin and bull
less certificates
reserve $685. lo6 2o7 ss5.oa1 POI Dccs12, lo5,ooe
U. S. notes less 80 .-oo-. o,, ,e,
Nat ns ooes 'S 65s 5ssd Dec Dec
Silver, dorrs and
tdcatcs 1908 '' 371Io6o5 3i,5e36ss Dec 2,547oo7
Cash in Tressy ais 4s7 slo2 $40
tionsi banks 51,974357 5oo7sl SO Dec 1.s9G,los
Total balance $3.50 s2i2 GA 53S DccsiS O92 3Oo
Deduct for funds
held to redeem deem
including The s
per cent fund 95,so5.2A 94.437,1O7 Dec. ecs,1S7
balance 135lG1. 500 Sis 13l Decs17, 22i,169
BANK CONDITIONS COMPARED.
By the operations of the Sub-Treasury in the
week ended Friday evening which included pay
ments of Ss,577,799 for purchased bonds and re-
ccipts of 81, s35, 900 for exchange Western and
Southern Sub-Trcasuries. the New-York banks
gained 81 627. 740 cash. week ago our estimate of
the banks actual cash holdings gave them $4,000
900 in excess of the amount then reported as the
average of that week Yesterdays bank state
ment of averages shows cash gain on the averages
of the preceding week of SS,44O,OOO. This III
dicates that the net movement of money to and
from the interior during the week amounted to
little either way beyond the 81, $4,000 that was
sent away through the agency of the Treasury.
And it indicates that the actual cash holdings at
the close OF business Friday evening were some
81, 800, 900 greater than the sum sl22.372,10O
reported in the statement for the average of the
week The decline of S31 80, GOO in loans reflects
the preceding weeks large Treasury purchases OF
bonds less expansions to legitimate enterprises ana
to the mercantile community. The reported in
crease of s74145OO is s210O, 900 greater increase
than the other changes call for. The statement
results in gain to the surplus reserve OF $685.
475 and leaves it at 81 g. 901 ops, against $685.
225 October 90 SS7. and S5,469,575 October %,
1886.
The changes in the week Of ss7 were as fol-
lows: Loans decrease, $500, 300; cash increase,
S2,536, 70O deposits increase, 81 ,734, 700; and
surplus reserve increase, S2l 03,025. In the
week of $50 the changes were: Loans decrease,
s2256 300: cash increase, 1926, 100; deposits de-
crease, s2,222,100: and surplus reserve increase,
$3.50 625 In the week of sSl the changes were
Loans decrease s7,O3S 400; cash increase $780,
400: deposits decrease, S3375, 900; and surplus
reserve increase, S4,430,15O.
The statement compares with those OF corresponding
dates Of 1881 AMI 1887 follows
Oct o. 'sl. Oct %, 1877. Oct. 90. 'ss
Loans . s311. $40 500 S351, 032, 500 $780,, 053600
specie s5s4 400 g s2 200 % 81 9 Ssd geo geo
Deposits 2sG.6f3300 35G9s9 900 42l, 1900
Circulation 199l9OOO s2ls,s00 6,491,3 800
The following shows the relation between tho total re-
serve and the total deposits at the respective dates
Specie s5s, 359 400 s78s22, 700 s94, 2s1, 300
LegaLenders IS 700 217ss,000 2s. o90 800
Total reserve s73 100 eos OlO 700 s122 872 100
against deposits 71.oeos25 s92i7475 1O5,471o75
Surplus sLeo7o75 50, 1853 225 s1G9o1O25
deposits per cent 2561 1852 29.01
Following is Saturdays statement in detail: