New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-29

loss to the gold balance OF 81 ,s2Jooo ny an Issue
of S4,34?6 $50 certificates, less gain of S2,5l7-
So bullion and a loss to the silver balance Of
Ss97,O by an issue of S1l90.s9l certificates
less an accumulation of S393,s;l coin and bullion
The Treasury's liability for the redemption Of sur
rendered National bank notes was re.saced during
the week S403,9lO, leaving the amount OF deposits
of legal money for that purpose AT S3l ,5l5,776.
Subjoincd is yesterdays statement. compared
with that of December 20:
Gold coin and bull.
600 rcs sSOO s51717775 saeso27i2 Dec. 81 se5os
T. ). notes, less
xs ssr slSa ss s S S5 ss5Ss Dee Dee ' ss:
ei h"Ir q, dol Jar, ana a,a
tiacatcs &C.,. iOI44,2o6 o,3,7Iss Dec. 7e7 90
Cash in Treas. s69o7Osoo seO,Os4 iG2 Dec. - $50 @7
D tonai bank. 29sso.l53 2s.osis5i Dec. aso2
Total balance s9s 800 962 so5 sl3 Dec. 50 3ili9
BANK CONDITIONS COMPARED.
I,y the operations of the New-iork Sub-Ireasury
in the week ended Friday night, which included
the receipt OF 81 ,905, 900 cash for payments by
other Sub-Treasurics and the payment Of S299,l6l
for Pacific Railroad bonds purchased the associated
banks gained 81 ,l46.j3?. The bank statement YES
terday showed an increase of S3,65S,6OO cash,
which is apparently the average result Of the I'M
portatOns of specie reduced by the continued
movement of money TO the Interior. Whe the state
men' was more consistent than those Of the pre-
ceding two weeks. the discrepancy in The item u
deposits was prolonged. The error of Ss13.l00
would not he noteworthy if it did not follow others.
which in the two previous weeks amounted 10
nearly Sl,00O.O00. The theory Of averages has
ceased. in this instance. Ia bc satisfactory eX.
PLANTATION. The statement results in a surpu.
reserve of S7,'2j.l7J, against S2,O2l SO III the
corresponding week last year and S6,2sl $50 in
1855.
The changes for the corresponding week Of
preceding years were rs follows: lss0-foans
increase S2?l 900. cash decrease - $1,000 Do
posts increase S34i.200. and surplus reserve lie
crease 81 $4,000: lSSs-loans increase - .29'.-
O00. cash decrease - ,0s?.600 deposits increase
: 800 and surplus reserve decrease 'O93,211;
lASi-lOanS decrease SJ.2O9.60O. cash increase
-. 7O1,100. deposits decrease S?.0s9,200. and
surplus reserve increase S3.??4 900.
SubIolned is Yesterdays statement compared
with the corresponding dates Of 1850 and ISIS:
Loan. SIS, =, zoo sso 81 500 49, 52 50
1gc :s5.,. % SI.9 299 a2iiioo 3 $3.50
tirculatk n .......... lsj2.3oO 373l9oO $4,000
The following shows the relation between the total Il.
serve and the total dcgo,s At the rc'ty oo aat@c soc
Ge.acni,r.: " 39s54l.7oS 5SIm'ioo 35i5i5ca
Total reserve Sos 800 600 so 7oi 500 SOB 1880
N ssaa,, deS 1%i rOoo7se'o % ssola5 o''i2a.'
surplus ,,.. ss.esII5239 s2O2lIfs?3} s772S-l 3
The bank exchanges at the New.YorA Clearing Hou's
and the stocks sold at the New.YorS Stock Exchange last
week and tor the o. the preceding eompars
follows. - 80 - ~ 81,
Exchange. R SIS ,6e 50 s,si S,e .so5j?5s
TIE MONETARY SITUATION
Aside from the slight hardening in rates for
call loans incidental 10 the season. the monetary
situation improved materially in the last week.
4 better feeling was pcrceptible everywhcre both
in this country and in Europe. Owing TO Tho
Christmas holidays the governors of the Bank
of England did not meet until yesterday. but they
made no change in the rate of discount. though
the proportion of reserve was considerably re-
dncca Al Paris money continued 10 be extremely
o. At p.Vpe "A
easier at per cent The greater confidence IN
this country reflected IN the weekly bank
statement. which showed large gain IN money
and reserves The increase in specie was especially
gratifying. although II indicated that part OF
tine recent importatlons has not yet appeared IN
the banks The bank statement did not correct the
DISCREPANCIES that have been notlced IN III" TWO
preceding ones and the amount of deposits was
nearly ~ 0oO. 900 less than il should have bcen
There is no longer reason to doubt th2t me cause
lies in the treatment of the Clearing House ccrtlh-
Gates II is worthy Of notice that in the sworn
reports 10 the Controller Of the Currency recently
made only one bank IN the city reported any
certificates among lis liabilities. If II should
bo replled that the certificates taken ont ny Other
banks were included in other items Of lndep'ed-
ness in the report. the question would naiuraly
arise how they appeared on the opposite slie ~
the account I'm other words. II must he inferred
that some of the banks hav" been calling ne
certificates cash. To what extent that las cen
done il is of course. impossible 10 say. II :
equally impossible To Judge from the banks state
ments of the last three weeks their aciua con-
ton \ considerable amount of Clearing House
certificates has been retired during tie werk'
and with the great gain IN reserves and me
probabilities of further accretlOnS after the hrst
of the wear. il is Ia he hoped that the remaining
certificates will lie cancelled within short TINE.
In tie local money market call loan> "err
a trihc dcaIpr ard probably averaged I Ia Icr
cent with renewals uniformly nj > per cent
The movement of money 10 the interior c"nilhN'1
heavy. although considerable amounts rct1r'ei
from the South. and return movement from
other quarters is Likely soon 70 begin. torrien
exchanges were weak in conse luence OF rec'lp's
of cotton bills from the South, and the ie.iet
from this source has hcen very great Rates re-
clincd 10 points which make fresh lmportatlons
of gold possible. although there Is doubt whethc.
the Bank of England Will consent again To pSre
with any of the precious metal mere vas WY
little demand for remittance. and the tone oi nc
market AZ the close Of the week WAS heavy az
about 81 IS - and - 81.
RAILROAD EARNINGS
Tie Tribune has published the gross earnings
of thirty-thrce companies or systems for the illI
week in December. OF This number t",niy-iearr
companies have returned gains averaging ~
per cent, and nine have returned losses aVerisins
6.3 per cent. The whole number gives gsn
over the week of last year of S327,j l?. or =.
per cent Ii has also published the gross earnlh.s
of SiNty-tivc companies for the second week "a
December. OF this number forty companies haNSg
returned gains averaging H.. per cent, aT'
twenty-five companies have returned losses aNeras-
Ing 1907 per cent. The whole number gives
gain OF Sl6;; 500. or gain Of rs per cent 9.
q companies 81 o9s OBS - , ts9 In. sio7 Isl L.,
. eoHpanies....... l2i23sO ll62. i3 Dec '''"' -
Total 30 COS .s35iO.tos SS.sG79-o Inc. sS27jls ~
20 g; ts s ss ba 's So &; sicii
Total 81 eos s65l90si S6.isLosS Inc. 400 :" ~
TIE WEEK At THE STOCK EXCHANGE
The total transactions in stocks in the h'e
business days If last week were iij.243. agahsss
s5l $50 shares in the preceding week ana 5ro't,'
in the corresponding week last year. The eN,
trcuc dulncss which these figures prove was 10.
an unmiNcd evil. IL was not unexpected ana Nv
unusual but was particularly agreeable tins year.
The control of tlic market has been gwen up "
small traders, who are in the habit al cF>in.
their contracts every day. While there wer' 10