New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-10
A MYSTERY IN STOCKS.
WHY THIS DECENTRALIZATION
BY THE OPERATIONS OF THE TREASURY
LAST WEEK THE GENERAL CIRCULA-
TON OF LEGAL MONEY WAS IN
CREASED OVER 81 100000.


Sunday Nov. 9-p. m.
Thu TYr;tcd States Treasurer last week received
from customs So. sS2, Os9, from internal revenue
% oAs7o and from miscellaneous sources $685.
292; total from all $7,173,o6o, against Ss,lS9,-
Aso for the nrccedine week. The Treasury's
weekly statement shows loss to the cash
balances in vaults of Ss65,9s5, of which sum,
however. Sl43,355 was a reduction in the amount
of National bank notes on hand. Its deposits
in National banks were reduced 81 .369,5S9. max
inc n net reduction in the total balance oil
60 .p35.b7I. The principal changes in the vault
balances were made as follows: gain to the
gold balance of $6s9,O03, by contraction vi
e, os7 OIL in the amount Of outstanding certlii-
cafes less loss of bullion and coin S37',95o,
q loss of s.. O0l, S44 lega-tender notes by loss
NJ 81 hi .s44 notes less contraction OF $lO,0oO
in outstanding certificates, and loss to the
silver balance of S409,S79 by an increase of
s5Os Oo3 silver certificates and new notes, less
a Gain of $9s,lI4 bullion The foregoing shows
that the Treasury vaults contain $722OOO less
net legal money than they did November l.
Allowing for an additional issue of new legal
tonder notes TO the amount of only S90O,ooo'
;ssued in payment for last Mondays and Wednes-
davis silver purchases lSS5,000 Ounccs) gives
81 .s22. 900 as the amount of legal money added
tions Of the week. The deposits of legal money
nv National banks for the redemption OF their
surrendered note circulation, which sum is counted
in the general cash in the Treasury. were It.
duced S346.457. leaving the balance at S54,4oo'-
400 . .,rnorod
with that of November !; Nov Differences.
Gold coin ana bui
less ceftine ca1
e9S $50 $40 eos s57oo5 1886 Inc. sesso9s
notes sssssss 5ss B Dss s.;
sii SS1I, Sal lar s sne ooo-o
tihcates l26ol,1oS I-,IoI,o.' D'~ --~-~--
Gas, in Treas sss.oa7 1897 902 sse6,es5
osR Ssa Banks eoes7 es7 % 5escos Dec 1s0ooso
ros, balance sos 27i e84 eio6 Os0oeo Dec 1854
BANK CONDITIONS COMPARED.
Rv the operations of the New-York Sub-Ireas-
urv for the week ended last Friday evening, when
included the payment of $22,705 for purchased
bonds. the New-York banks lost 81 ,366,4e4 cash.
The net interior movement of the week is eS'lna'eu
by competent authority to have been sl'ooo,oVo
against the banks AS the banks losses 10 one ouo-
Treasury nearly all were on Thursday ana frio"y,
Oh. two items amounting to $2,900,o00 should
hardly count in the bank averages for loss OF
more than 81 600, 900 cash. But yesterdays panh
statement Of averages returns loss of $4.25A,oo'
cash There evidently has been more monkey
jncn with the money market by Withdrawals anu
locking ND Of money. There is some slgnlhcahoe
in the small contraction OF $eS6,2oO IN loans
The reported decline Of $4,03l,lOO IN the oe-
nosjts is 100000 greater than the other changes
call for. The statement results in a dencit vi
S2544a5O from the reserve required by Mne 20
per cent rule, against surplus OF ,o,Sr
week and against deficit OF $i60,s60 November
nd eOr LOO
10. 1855. and $685. 400 November II, lSs'' .
The changes for the corresponding weeho ~; VI
nreceding wears were as follows 1SSe-ioahs III
crease 81 els, 200, cash decrease oooVo' 1e
nns;ts decrease SA52,7O0, and surplus reserve ae
crease 81 s8l .325: lSsS-lOans decrease S4Se,svV'
cash decrease 50 sos, 500, deposits deciease 81
Ss4 COO and surplus reserve decrease -,o3V
lss7-loans decrease $423 800, cash decrease 81 :
800, deposits decrease ,AS4'ooo' anu SuA
reserve decrease 81 1919, 90. .,.n.rd
Subjoined is yesterdays statement s9mp S6e
with the corresponding dates OF 1sSg an nv 500
Loan. @ ss $SS ssss5 Sc
fg sssend.r: ::. g. 10000 So
beposi,s 4ol soS SsS Sss
The following shows the relation between the total re-
serve and the total deposits at the respective dates;
Snacie .,. sss 5s2. 100 s73369 200 s74,4S6'eoS
~ gatenders ...... ZoIoO,90O 2o2oo,'Vo -i'oo-'ooO
Total reserve ..sii6 2ss 300 sooo5o,4oo 100
esainst deposits. 1oY 725,7Oo 1oo,t2'o 9soosS 81
su,,,r. sli.557.coo 1880 800 's2,544, Yst
3, surplus .'ii..;,,.c:ss |A''v7s 24s2 24.3l
Deficit
The following is Saturdays statement in detail