New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-23
THE WEEK WAS A DULL ONE
STOCKS RECOVER AFTER A DECLINE.
FOOLISH DEDUCTIONS ABOUT TIE MOVE
MENIS OF MONEY EXPOSED.
SUNDAY, Jan, 22-P. NJ


SUNDAY, Jan. 22-P. NJ
The United States Treasurer last week recciy ed
from customs 81, 245.38 and from internal rcve-
nue. s20s5,7 72; total from both s6,33i, 15s,
against S6,5sO,146 for the preceding week. Yes
terdays Treasury statement of balances shows
that during last week it's net cash balances were
increased 50, SAG, 500-by accumulation in its
vaults OF 81 BOO 800 and by deposits to its credit
in National banks of s2,341,l95. OF the gain
to the cash in its vaults sl,36s,53 was due to
that amount of accumulation of National bank
notes in process of redemption" so that including
the silver coinage there about 100000 of
gal money added to the general circulation by
the weeks operations The weeks changes In
legal money III the vaults were elected as follows:
A loss of IL, 05S, POO IN gold by issue of
-, "a :, $40 certificates, less accumulation OF
sYo4, 4ol bullion; II legal tender gam OF 81, 06'-
SEQ by an accumulation OF u, 30 1903 notes less
an Issue vi soVU,UUU certificates; and a gam oil
SVio ol3 silver by an accumulation OF 81 ,o+i ,49'
bullion ana coin, less an Issue Of 1902, bo4 GER
tlhcaJCs. Compared with the monthly statement
OF December 81, yesterday S statement shows
changes IN the net balances OF legal money III the
1rcasurys vaults follows; Gold decrease
$500, 700; Legal tenders increase 81 ,S22, 1903;
Silver increase 81, 026 sos: Net loss III the three
weeks sl2V,O29 Against this there yesterday
was in the Treasury s22274S2 more National
bank notes in process Of redemption than there
December 81. But the silver coinage Of
the three weeks Las amounted to about $4,000, O0O
we have for the expansion OF the general cir
cuation of legal money something ike S2,4OO,OOO
The Government deposits in National banks yes
terday were Sl,2123s4 smaller than on December
81 that the Treasury net balance, exclusive
of " notes in process of redemption" now Is
$1,000, 600 less than on December 81, 1881
CONDITIONS OF THE BANKS COMPARED.
The withdrawal of bonds on deposit with the
Treasurer to secure National bank note circulation
last week exceeded the deposits made for new
LAT Inv lhp a ION
eminent bonds to secure Treasury cash deposits
in National banks was increased Sl,960,00O and
now aggregates S54,4 "a 900, which amount permits
of cash deposits to the sum of s5s,34000O, or
S4 300, 900 greater than the amount on deposit
as reported by yesterdays statement.
SubIolned are the resu t. of yesterdays statement
compared with that of January IA:
Gold coin and bull.
less certificates
slO6 5s76 $50 slOi.629 l3O Dec. 81 9js $50
u S. note. les, ,'-o,o ,oa- ooo
sass s5S.o E1s Gf
tiaeste........ 6&O79o's b4o,s,s5l Inc. 97ssis
Cash in ssl $50 ss3 Inc. $1,000 $50
tionai banks. 4864esaS 6OoS75Ss Inc 2s4l.l9S
Total balance $3.50. 245Vzi s25lOJ26I4 Inc 80 $4,000
Deduct for funds
hsla to, to rs nn,.I
per cent fanI.. IlI,4o1O3o l12.Oo3,66o Inc bl26So
ence slls75is9 i sl22 Oss 1854 Inc $3.50 900
Yer CONS. A547.375 2i.7OO, $50 Inc l52,soa
Total sl45 sO2 2o9 7s9oS4 Inc s545d,76j
BY the operations of the Sub-lreasury during
the week ended Friday night the banks gained
l,22O,o 23 After stating this fuct FRIDAY even
ing we added: III we may guess about the
weeks receipts from the interior and that is ali
any one does tO-morroW's bank statement should
"a gain in cash greater than the gam OF EisI
week. Yesterdays statement shows u cash gam
of s5,577,2O0 lol3O,OOO greater than the gam
of the preceding week, OF which ol,3OO,OOO Is
represented by full week in the amount OF cash
held "a week ago that was greater than the average
of the week as reported in the statement of Janu-
ary IA. The excess Of cash holdings at the close
of business Friday evening over the average OF
yesterdays statements probably was greater than
the excess Of "a week ago In other words the
amount of cash on hand Friday probably was
nearer 81 $500, 900 than 81 4,676,6OO, the aV-
erasc reported in the statement The contraction
of 900 in loans partially reflects loans paid
off on securities sent abroad. The increase OF
81 81 G. 600 in deposits is S20jS,20O smaller than
the increase which the other changes call for.
The statement results in an addition of l23200
to the surplus and leaves ii at $50, 4475
against sls,706,375 January 22 1887 and S.
The changes in the week Of 1887 were as
follows: Loans increase S3,3o0,5O0; cash increase
81 652. 900; deposits increase 50, $4,000 and
surplus increase 81 S4.515. The changes III the
week of 1891 were as follows: Loans increase
s4075,3O cash increase 81, 131 90: deposits
increase s6j55,100 and surplus reserve increase
SJ2.0S0
The following compares the totals Of Yesterdays
sta einent v1th those Of the spending dates Of
1881 and 1887:
Loans ...-.. 1897. -S9G'O $3jl4lS 200 $334 1G- 90
rpece ........... 66.4S4.lOD Sl79]5nO SOTO 700
Isg,I tenders IG39j.GOO 2lOl3.iOo "a 5GU. 500
DE otis EiS'fI, !pJ oouVV'iVU oi3UlN"lOu
CirculltlOn..--..-. II 0tJ,0U ioO3fVV fOof'loO
the iOltOWlng shOWS me RELATION OetWeel The
odl reserve and the total deposits az the respect
I'VE dates: - -
Legal tenders. l63 '1.boO Z|OI.,IuV 81 0bh]"o
So2.SfJ,lOJ Sll3,5 OOu
Reserve required .
agst deposits 7i,132,pI3 S0Olp220 Sh'62 10
Ra- 10 - reserved
drpusits per cent 21os 2V0f 5O.ol
he fol OWING Is Yesterday statement IN detail: