New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-04
CLOSING PRICES OF PHILADELPHIA STOCKS.
Tuesday. Dec. 3-p. m.

The monthly Treasury statement OF December
shows a reduction in the public debt, less cash
in the Treasury, of 81, s69,672. The funded oeoe
was reduced nearly SlO,OOO000 by the parchase
of bonds at premiums aggregauhg s-'i oo'~'''
The United States Treasurers statement OF assets
and liabilities as of November 80 shows an
available surplus of s40,249,1s9 as compared with
a surplus of s45, 335,092-a reduction OF
IS Os g. 9O3 for the month The amount OF cash
held in Treasury vaults in excess of outstanding
certificates was reduced only S1,lOO,OOO during
the month. But when the silver coinage Tor NO
vember-S2, 800, 000-is added TO that sum the
amount of legal money added TO the general cir
culation during November is found TO be
100000.
Compared with November 80, 1888. the Treas
ury now holds sl2,0OO,0O0 less gold, S2O,4OO
OOe less legal-tender notes and S6,7OO,OOO less
silver giving an aggregate loss of Al,lOO,OOO
Adding 10 that the amount Of s34 ,OOO,O 600
of silver COMA &c during the twelve months gives
us the sum of $50, 100000 Of legal money added
to the general circulation. From this sum is to
be deducted years gold exports in excess of the
oountry's probationary S22,OOO,OOO-and we
have S530O0,OO0 more legal money IN general
circulation to day than year ago. But deduct
ing the estimated amount Of gold consumed In the
arts, we still have an expansion OF S3S,oOO,OOO
LEGAL money IN the Twelve months.
As an Offset TO this there Is contraction OF
S36, 785, 96j in the amount of outstanding bank
note circulation. But bank. notes, like lndl,
vidual checks, are not money; they circulate ana
perform the duties Of money. The year s con-
traction of S36, 765 965 relieves the banks which
have surrendered the circulation from the necessity
of keeping at Washington "A per cent redemption
fund and TO that extent makes the banks relatively
stronger in their ratio of to deposits.
We beg pardon for informing some of the recent
writers on bank reserves that the banks by law
are permitted TO count their per cent redemption
fund against deposits as a part of their reserve
against deposits For instance, back in the days
when the New-York City National banks were
carrying a circulation of about $4,000, 600 the
81, 500, 900 redemption fund de posted at Wash
ngton, and over which they had no control, made
an important figure in their % per cent re.erve
to deposits, while the redemption fund now on "a
circulation of only 100000 counts for only
$500, 600 in the reserve.
The following tables Of comparisons give the
figures in detail:
ASSETS AND LIABILITIES.
The following compares the Treasurer's statements Of
October 81 and November 80, 1882
LIABILITIES
Trust Funds.
OCT. 81, $50. Nov 3d. 's9.
p' DS..s IF for N Esaas%p'0S S.S Si
failed In liquidation and re-
O's ssass ts1 iasd s 3; S ;ss; ss
bank mot,s $3.50. 5s25s69 5759.2sl
for payment OF interest, ETC. 259,o54 255437
Total Of trust liabilities. s79O47,2i7 767OI 1927
General Liabilities
Interest due and unpad........ s6s90S3 81 0Go s26
Mstured bonds and interest and ''''
Old debts. less amount paid 1s62,O07 1,5O9,267
Accrued interest on Pacific Rail-
post ton Departments &C. o'.'-'O -'-''o'
pi.b rslns iiee5s balances so755o5s SSo98 i5
crafts out landing .......... 1853 O05 6O554 49,
Sundry items ............-..... 6l2425 735 SS7