New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-20
IMPROVEMENT IN STOCKS.
RESULTS OF 4 WEEF'S BUSINESS.
TREASURY OPERATIONS LAST WEEK-GAINS
AND LOSSES

The United States Treasurer last week received
from customs s5,2o7,22S and from internal revc-
nue. S. 0s.s76; total from both, S7,40G10i,
against sG,5l4,s0 for the preceding week. Yes
tcrdays Treasury statement OF balances shows
that during last week its cash balances were in
creased sl.7S7,306 by an accumulation in It's
vaults of s2j53,492 less n reduction Of s766, 1886
in its deposits in National banks. The changes
in the balances in the Treasury vaults were made
up as follows: The gain of s3,353,5Ss in gold
by reduction OF s3,2sl $40 in the amount OF
outstanding certificates plus an accumulation or
S1,76s bullion; the gain of s173l3 IN legal
tenders by an accumulation of s377,3l3 OF notes
less an issue of $500 600 certificates; the gain Of
S2l,7 in National bank notes by an accumula-
ton Of sS7508 of notes in process of redcnlp-
tom less sGj,72 Of notes in circulation and the
loss Of ss99,l92 silver by issue of 81 3D. S4
certificates less accumulation of SOL 2502 coin
and bullion. As the silver coinage for the week
amounted to about 5000, 000 the weeks actual
absorption from general circulation was only
S2,100000. The fund for the redemption of
surrendered National bank notes was reduced by
the sum of s553, 99s so that the surplus not
cash-balance was increased s2,341,30i.
Subjoned are tho results OF yesterdays statement
compared with that of February IL:
Feb. H. 1888. Feb l8, 1888 Differences
Gold coin and bnl.
reserve O562l5 slo7 400 500 Inc. s3.353.5ss
ccrtinrases le.5oss5o 1888 ss3 Inc 77.al3
Nat bank notes. 7.3G3.oOG 7,3oo,5os Inc Zi,'o3
silver dollar, ana
Hfcais, 80. A7G4.7O5 6ssG5.5ls Dso se9.1a2
Cash in rr.atury 276 s1s5 76s Inc s2S534a2
touai banks 5sel2Os3 65lI5s47 Dec. 766.ls6
Total balance sal co., 500 a243 0l5 si7s7 800
Deduct for funds
held 10 rsissm
i mai eins notes .ns
per cent iu.I. lo7I2l.732 lo6.ss7.7st DeO s5a.oes
ancs sI344ss5 77 STAG s2! s8l Inc. s?,3il.3c4
yer coin,........ 25.lOAO6l 2521i.o6l Inc. 10000
Total baaocs sl50587635 sl62 osss42 Inc s245l.Soa
Washington telegram was quoted yesterday
ior the statement that the Treasury had gained
for the month 81 81, 989000 on balance lts
net cash balances since January 81, IL measured
by the figures of the monthly statement OF Jan
uary 81 and by those of Yesterday statement,
have increased exactly $685. The net cash
in vaults, over outstanding certificates Is now
sJ,0sj, 600 greater than on January 81 toWarI
which the coinage OF standard dollars conhtrlou,cui
about ST. 100000 and its deposits IN NatIohal
banks now are S4,221l20 smaller than on Jahu-
AIRY 81.
TIE BANKS CONDITIONS COMPARED.
BY the operations of the Sub-Ireasury in the
week ended Friday evening the banks lost s5,-
1887, which includes s35O,O00 sent TO I'm
cinnati by Treasury transfers The bank state
mcnt Of averages for the week gives loss III
cash Of s29e0,4S0. An approximation OF ine
average of the actual losses OF this week probably
would be about 100000. The decrease re-
ported by the statement above, 200V,OOO, re-
fleets the shortage of the statement OF FEBRUARY IL
from the actual condition OF that date. 30 IL Is
probable that the banks began the new week
Yesterday morning with about ~ ,ooOOOO "ss
cash on hand than the amount OF the average OF
the week The decline Of S3,09s,O 600 IN deposits
is consistent with the other changes. Inc result
of the statement is loss to the surplus re-
serve of So 2O5 900 and leaving IL ut 81 1913 1919,
against sI5479,2OO February 10, 1851
The changes Of the week of 1887 were as
follows: Loans increased, 81, 1913, 300; cash de-
creased. s3,37S 500; deposits decreased. s9V2,4OO,
and the surplus reserve decreased S3,l 80, 1OO.
ruary 10 1887, and the deposits are ss,SOO,OOO
smaller than then. The changes for the week
of 1886 were as follows: Loans increased, So
b354OO: cash decreased, s3,0l3SOO deposits dc,
creased. $685. 700, and surplus reserve decreased
So 767l25 The loans are 81 3, lOOOOo
greater and the deposits Sl2 90, 600 smaller
than on February 20, 1886. The changes Tor the
week Of ss1 were follows: Loans increased,
S3.66s 200: cash decreased 50, 500, 800; deposits
decreased. S<66 200. and surplus reserve decreased
So55s250. The loans now are Sal ,4OO0O0
greater: the deposits are S75200. 600 grpate,-Gnd
the amount of cash held is s32, 100000 greater
than on February 0. 1881.
So IL seems that irrespective Of the amounts
of loans, cash and deposits, the changes oI Iasu
week do not possess the phenomenal character
which has been ascrbcd TO them; they are usual
IN the season of the year. Yesterday statement,
viewed il its true light, and measured oy any
method which does not assume that money Is I,r
show and not employment Is remarhapy eoou
and encouraging one.
The following compares the totals or yesterdays
statement with those of the corresponding dates Oi
1881 and 1887:
Feb 10 1891 Feb. 10 1887. Feb - 1888.
S07 800 SS61.3JDO ID SJbbZlN4uO