New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-17

in money movements that seems to he little com
pretended The extension of banking facilities
10 the remote West has worked slow ana grau'iai
change in the money markets OF the country,
which sets at defiance all calculations based upon
old methods While the total amount OF Iesa'
money in the whole country durlns the las'
twelve months has increased about 81 ..o""."o"'
the United States Treasury holds III ITS vaults
SCI 600. 600 less than wear ago. and the ranks
of Ncw-lork. members Of the Clearing iionsc c
Association, hold 81 500v.0OO less; total loss
10 the United States Treasury and the New
York BANKS. SAC OOO. 900. Adding 10 that sum
the expansion of S47, 10000. gives So3.oo9,-
600 of legal money distributed tnrouSno , ,rt
banks vaults The bans of the Ncw,iork
banks by Yesterdays statement are 81 D. .~o,Yoo
less than at the corresponding date OF f's' Acai.
Moro than the total reduction in tie amount
of loans is due to the reduction in loans upon Sc
curities and a large part of that reduction has
been caused by Government, purchases ~ s,o oan
The Ncw-Yorl banks deposits now are S32'21o'-
Go0 loss than n wear ago. very closely balancing
The reduction in loans and loss in cash me oDNi-
conclusion TO he derived from ,hesr t;es
that the banks Of Ncw-Iorl owe to other c',es
something like SIG. 900. 600 loss than they oWeu
year ago. and consequently are rsS sup,cc' W. ~
drafts for aid Of the usnal Apiil sc''icin'n'
do not in these calculations take mo account
tlc cont traction which has been made III Va
tional bank note circulation. Iccausr o.
the plain and obvious reason Una, '" n',,l,
hank notes which are not lcgal-tendcrs. sin'pN
rcrfnru The same duties in the rcfail Haue 'l''
bankers and merchants checks perform, anr
larger transact ons OF the country II .'c ~.
ma. kept bank account ara mace p'N" III" -
checks on banks for all purchases ana due, cN-
cccdins five dollars. there would he niue nS' lot
bank note circulation. which II MOI aNailapF i"l
the reserves Of either National or S'a'c p'IrS "
cannot lc used rs LASTS for loans ne VI
tional banks of the city Of Ncw-l orK. wiz 'DP
itlls aggrcgating SiS.35O 600 and surplus ~
crccoting 81. 400. find 50 little prom III
flcir note circulation that II aggregates oiN
The situation abroad steadily worked toward
cosc durno the last week. and the Bank o. Eng
land in reducing lis discount rate fr m IL 10
4 per cent simply followed the leadership 81 inc
open market. where discounts are "p'alhap' 80
ner cent. The proportion OF us reserve J." ~
lab'liic. rose 10 II per cent. aGlln'l 4'."' p,
cent nj fhc corresponding date or last year. ana
its holdings of gold were 81 Goo:o"' srca'er
than last year. when IFS rat" for discounts wa,
. per cent per cent lower than now Inc
foreign exchanges during the week were some
what irregular in their movements. bn' INC
tendency was toward lower rates and fnai busi-
rcss for SATURDAYS steamers WAS done on th" OASIS
of 81 n 81 ard 81 81 81 respectively for long
and short sterling. against 81 ~ IL ana
81 s. ID week ago.
RAILROAD EARNINGS.
"Thc Chronicles" makeup of railroad earn
incs for the month of February includes III" re-.
1860 miles year ago: The AGGREGATE gam Tor
the month of this year is $50 80. tc earn
ines per mile this wear were S3N3. agar 81
for February. lNs9. TIE ~ roads whlch re-
ported for the month of February. lSsS. gave
earnings pcr mile S3j9. So tie earnings for
the month Of tbs year. while 81 greater pc
mile than in 1859. wee only 81 per NH
greater than in lSSs The sub oincd bic
divides the aCercsat and differences of tie com
ranics. shpwne eairs and lossS Of 1890. com
pared with 1859:
Month of FOB 1~>o 1870. Difference pc
liG COS Sos 0i7 c2i Inc. - -. loo 1913
81 conn anie>. 2.3252jl 2o9s -. Dec. ~ -" -
Total Isl oi3 800 3ollfc5j Inc s2o7'a,7 lib
The Tribune has printed the gross earnings lor
tl,r first week in March oi flty-onc conpaui's
or systems. which show an aggregate cain on lN~p
of S216.s5s. or So per cent The same co.npailcs
in tie week in March. 80. showed gam
on the week Of lN~s of Si5S.Oo0, or ll.2' per
cent. The following table divides the aggregates
and differences OF comihuics showin- gains and
losscs--ls90 being compared with $50:
1T week go Mar l-~n. 1-H0. Differences pc.
~ comnanls - G73 ll2 s. 95oof- Inc. r27 81 lo5
- companies. l.22j.423 1.lciiiG Dec Go"'s 80