New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-03-05

The bank exchanges at the New-Iork Clearing:
House and the stocks sold at the New-YOrk Stock
Exchange for tho week OF three years compare IS
follows:
1888 ss sss7 MAE Nae
No. .sis. sold 5i887 tG55S5 SsSioi
The foregoing statements of the bank changes
for a series of years show that such depletion OF
the total and surplus reserves as occurred last
week is usual to this time OF the year ana tlao
there is nothing exceptional III the causes aC
is the cry now raised about the rapid decline
Of the reserves and clearly point the purpose OF
such writings There is not room Tor dOuDt tnat
during the next two weeks the United States
Treasury disbursements will largely exceed us
receipts. And then, if the money again accumu-
q month ago, that it is because of declining busl-
ness For the modern fnancier there should be
some invention developed whereby the necessity
Of money flowing forward and backward be
tween nations and sections Of this country might
be avoided. The acute suffering which some
persons exhibit when bank reserves decline, lit
lie or much, and when the reserve left gives to
tile National banks fully per cent more than
the laws requirement., is agonlzlng to Witness
The Senate instead Of promptly PaITS a r sne
urv to use the surplus for the purchase OF ponds,
referred it to its finance committee. Duc ana, tnaV
unquestionably is only aeay ,o VI al q apnrebSn
sion that docs exist of possible money troubles
this spring and summer sa 1e 600 eaS Of that
stG' o0o. 900 is deposited in National banks, Sc
s"red nv deposits o. Government bonds III IS
interesting to note that OF tne Sy<,oOVVvV sut,
nlus now held, over S70,000,0O0 was derived
from the profit the coinage OF STANDARD DOL
lars during the last ten years.
The foreign exchanges ruled firm all the wees
rms il another feature usual to the season OF tne
vear By reference 1t will be seen that year ngo
March a the tone of the foreign exchange marke..
was quoted rather weak" at actual rates ~
higher for sterling than those of lat week. Inv
ever the 4" firmness" of the exchanges my ant
nished the opportunlt to make prediction y, oaiD
gold exports he same was inc cnso n raI AID
when money IN London was 3i2d4 per cent hna
yet the total exports OF gold isst y"n, onv to
'remttances in transit, amonnaeu OILY ~ ~
ga o5a 9o5 while the imports amounted 10
III 9Sa So7 While the rates FOR exchange
t thav - Hftie probability OF any important
movemert with money in London Z~Z'2 pcr ceut
and N New York 2l2d3 per cent. But WIN
S1ss 900 OoG new al yer money created I'D ,he iase
Tan Years and with importalon' ana pronncts a OF
orr mines turned into money, OF S3oo;ooVoVO
cold there should be no alarm, II we snoulI DC
"a led upon 10 EXPORT few millons or goid. VIVA,
"a necessary 10 That men OF inancial aug
sbiIity should promptly squash y the hnanciai
croakers. who for speculative purposes see IN
natural flow and ebb of money nothing except
dire disaster and calamity. and find the means OF
repeatna their theories ten times for each time
they are contradicted Wall street for year has
suffered from an epidemic of rupors and fears
Fortunately the country at large has not.
RAILROAD EARNINGS STILL LARGE.
The TRIBUNE has printed the gross earnings Tor
the third week OF February Of seventy seven
companies giving On aggregate OF $4,037,ol2