New-York tribune., 1890-03-31

talked recently about the low condition OF the re-
serves of the Newlork banks. Az the tlme ,hc ~"
tional Bank law was enacted gold YVES ruling at d
considerable premium, and outside OF ono or TWO TWO
banks in the city OF New-York what goia ms Ms
held by them held on special deposits Ahc
q trunk of silverwarc taken for saIe-keePlns ~ ~,
the convenience OF some large client. let u.c
law permitted all National banks 10 count sun SUN
special deposits as part OF tnclr IcseINe' VII w,
in reality their reserve consisted enrIe dolr o for
dollar for the payment of ,he speclal ucposi.ol'
Ttr enactment Of the proposed measure 81 ,u,
hitting the deposits Of silver bullion ana ole s'.
of certificates at its then market value WIN us
present provisions will work revolution III ,ne
minds of many people whose memories are SO sh1ro
that they do not recollect OF WHAT coisiS'o" ''''
bank reserves from 1868 to 1870. oao.
Yesterdays bank statement. ho"rvcI pn'ono pivoom'o
ono moro opportunity for comment by phenomena
hunters It. unlike almost al preGediSS shows an
expansion in loans, o galn In CASH. anu " S''"
in the so-callrd surplus reserves ,-
Tho bond purchases by the Treasury last week
wore small but after allowing for the payments
ON that account Of the preceding week. which
were included in the statement. II seems that cllc
disbursements of the Treasury ior 'he WIZ; eA
elusive of those for bond purchases. were about
coual 10 its receipts On April ! the treasury
disbursements for interest will exceed S6.oo"'oVo
SO that the outlook for ease in lrcney during Nc
next three or four months seems TO ne nhasua'lN
favorable Except in case of European war o, o,
which there no Indications we olsihiss al
idea of gold exports during this season
Notwithstanding the furry caused by tne rcr-
man Cabinet crisis the European financial centres
have steadily become easier. and in LONDON 'ne
onon ma rket discount rate is 5-o per cent.
AGAINST the bank rate still maintained at rr
cont As usual at this season OF the year. 'ne
reserve of the Banl, of England last week SUI
fered n material decline i'll It's peIcentage p". 40
still was 4G14 per cent. against 4i;"V ~ .nc
same week of last year, and tho nahk S noionss
Of oold row are cl.6O0.000 greater than q year
ago' The foreign exchanges early in the week
for spccial reasons, exhibited an advancing 'ch-
dcncv but it was singular that the hirncs' ra'cs
for actual business were MADE on Weu'ssu,N
after the closing OF that days foreign malis.
Nfter fiat the business was dull. and rates with
ont ouotahle change were easier. at concc c:siohs
Of commissions Yet the quota atoms for Hatnr-
DAYS mails stood at 81 s4, and 81 SO "a respec-
lively for long and short stcrDn"
RAILWAY EARNINGS.
Tho renorts of railroad earnings for the third
wool in March, so far they lhavc peeh
made make comparisons more favofape tuaI 9lu
either the rcports for the first and second weeks
Tho Tribune has printed the returns Oh seNch'A-
+,vo companies or systems for the second week IN
March which give an aggregate gam on ulr week
of 1850 of Sol ,952. or 1.3 per cchb. cu' oi
tho total number ifty-six return gains. we nave
also printed for the third week in March the
returns of ffty-onc companies OF systems elNinS
ON ororcratc gain of S420,275, or lO.o per oeno
Of the total number forty-sX return gains an
onl,. ivc companies return losses. The subJohco
tables divide the aggregates and differences oil
companies showing gains ana losses
"a "a ~egE IN $40 - oi4 $50 Inc ~ oes
Total - Co.'S .44s o4. s. SO 9oc Inc siol 952 30
% wreT IN o.o 81 Sl s5l ss94 ~
) companies. 235lSS 2ls'oll Doc M Ill. - 80