New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-01
THE SITUATION IMPROVED.
REACTIONS ANTICIPATED.
THE TREASURER'S WEEKLY STATEMENT
SHOWS AN ADDITION OF 100000 TO
THE AMOUNT OF LEGAL MONEY IN
GENERAL CIRCULATION.

THE AMOUNT OF LEGAL MONEY IN
GENERAL CIRCULATION.
Sunday. Nov. sop. m.
The United States Treasurer last week received
from customs S3,3sS ,9sl, from internal revenue
S2405,455 and from miscellaneous sources 9'o''-
O73; total from ALL S6,jj9,jo9, against S''o'''-
229 for the preceding week. The treasury
weekly statement of cash balances shows gam
10 the net cash in vaults of S229,261 ana rc'uc-
ton in lis dcposts in National banks OF SJ5,o%o,
leaving the net gain at Sl75,631 Inc Issue oil
new legal-tcnder Treasury notes amounted Tor the
week 10 81 ,09s, $40. Therefore, by ne lr'a'u:E
operations of the week the legal money III general
circulation was increased over $500. 900. The
principal changes In the vault balances were maze
nm as follows: A gain 10 the gold balance of ST.
712s3s by a reduction in the outstanding amount
Of certificates S2,252,4lO, less loss of coin and
million S539572: a loss TO the lcga-ender bal
ance Of Sl3ll62 by loss of 1881. 49, notes, less
q withdrawal of 5000. 900 outstanding certificates;
and n loss to the silver balance of Sl,l73,615 by
an issue of 81, OF .G0l certificates and Treasury
notes less gain of Ss46,Ol6 bullion and cola.
The Treasury's liability for the redemption Of sur
rendered National bank note circulation was re-
duccd SIP ,535. leaving the amount il now hoids
on deposit for that purpose at $53, OiJ,529, whch
sum is counted part of the general cash III the
Treasury's statements.
Subioned is Yesterdays statement, compared
with that Of November %:
Gold coin and bull.
less certificates
6o0 reserve. s0o,7ol,o5s s0o,h4496 Inc 3l712sSS
ss sss so SIG 9s ssl sS9 BoS 9si
Silver dollars and
that's .'.... n,Ge519s 1O5l1,i 53 Dee. 1l73'G7'
Cash in Treas $50. 432.Sl3 ssO6o2osa inc. s229-d
'f toSai banks o. Coo27 29s1s19o Dec 5ao2s
Total balance sio9 oi3 slo9973 = IGG t175'cS9
BANK CONDITIONS COMPARED.
By the operations of the New-lor Suo-lreaSuiy
in the week ended last Friday evening the
associated banks of Ncy-York lost S376,75O
cash. The interior movement of the week Is
estimated by the best authorities to nave
been over 100000 against the BANKS. res
terdays bank statement Of aNef"-tS IcPoItS
loss Of S4o4,lO0 in cash. This would ne anou'
The average of the known loss ana f3ls 10 lhul-
cate any material return of those GOA ceI'i
for purchases OF stocks. HE loans are Iui' dn
contracted 81, 749.1U The decline OF S0'lVo,SVV
i'm deposits is consistent with the other reported
changes The statement results IN gam to me
surplus reserve OF S2@2loO ana leaves II do
e3s235O against SURPRISES of 81 ,s9l,e3O NONehl,
Der 80, 1855 Sl0.076,j50 December l, ISIS, ana
S5.845.7?5 December ;. 1857. ~.
Tie charges for the corresponding weeks OF
preceding years were follows: ls,9-!o2rs
increase $4,000. cash increase SlJj'ouo, de-
posits increase SlOj.A0u and surplus reserve IN
crease e4OG $50; lSss-loons increase S190.2oo,
cash decrease S3.2?0,7oO. deposits decrease
S3.977.5oO, and surplus reserve decrease $780,
sos: 1sS7-ioans increase Sl.13S.'0o, cash de
crease 1924 100. depc sits increase S?,V'S'Oo, ana
surplus reserve decrease S~lS.0'3.
Subioined is yesterdays statement. compared
with the corresponding dates OF 1889 ana loHN :
Dec. - NOV. 80. -. nov % '3c;
Loans .........-..S3'i o. y Us! ,d5 TO- 49, - "
Legal.tenders ...... .'5ls7oo 59l@2$@9 = aCG3'
TP cro,,,; 4o5' 7ic6 3o5d zoo s5is 2o5
The following Show the relation between tn" total Ie-
serve and the deposits At the respective dates
iegai.tenisis ...... 495Is7oo 2dl99sQO -3Sco4o9
Total reserre... sll2'n7ooo slo2 os2 200 $4,000 80
against deposits. 1c2o'o45o loo1sos5o oic'''5o
surplg. ,, $1,000 90 sl,sol - $3.50 1i %
The bank exchanges at tho Ncw.Yor1 Clearing House
md the stocks sold at the Stock Exchange last
week the week OF the preceding t"o years compare
follows: co.. 49, 90 90 ~. 90 So,
THE MONETARY SITUATION.
The general financial situation has shown
gradual but steady Improvement durlna the last
week vet the financial Institutions are still extra
cautious i'm making time loans upon Stock IN
change collaterls. Tie, t. some, uhCeouh'ahc
disappearance Of So II-e Il part OF tHe Treasury 5
extraordinary disbursements beyond lis receipts
since September ), and of the addition OF SI9,!''
s74 new legal-teuGer Treasury notes issued slhcc
August 10, is stIl an important factor in ureln-
the exercise OF extraordinary caution. 10 sly
that there originally WAS no lookup OF non,%
for speculative purposes. beginning VITA an"
Withdrawal of S1O.OoO.OO0 III August ana lol-
lowed I'D by further large Withdrawals at the
time when the Treasury made IFS large rch"s ;
of per cents, seems 10 he something Ike t.'c
assurance of gentleman WHO, upon Gc>c'h UNI
To- his dlning-r0Om in the morning; az ear M
That his household silver mas al disappeared
asserted I al silver Wa, al rishtani Wa intact
because ne did not know who The thief was VIII.
steel and pewter have TO dress the breakfast
table for that morning. 30 II IS win th' ols
appearance of large amount OF money WHICH
oannot be accounicG for by the absorpu0ns Oh
the interior. The old and new money came ou'
OF the Treasury and disappeared as TapaN as Il
was disburscd Until some one can h-uic ~
that in all went 70 the inferior, or account 1ol
it's total disappearance, and also Tor the loss o.
g. 600 600 cash by tie New York bdnns, IT l
idle to deny that there was mouse IN the cup
board because the trap failed 10 eaten MIN.
The withdrawal OF money by persons ONO
than those engaged IN ApecumtlNe moVoh ,,
simply because VI fear which the mys'cr
enpendered made another ldr2c sum taken IRON
the usual current There are as yet no lnac,,2l
that the money withdrawn either Tor specula'lo
or through fright IS being restored 10 genera
circulation. On the part Of the speculative pDi
1ion there is a difficulty in returning II Wllho'
discovery until such time as the natural lci III
of money from the interior sets in. And thos
who from Sheer lright followed with ahdltloha
Withdrawals have not yet rcgained their con
fdence in the situation. Until there IS rcslot "a
ton to the natural current Of the money IN
financial institutions are likely TO continue 10 Us
caution in committing Themselves TO loans 10
fixed dates Hence, While call money dunn
tie whole of last wecl; was easy ana IN abuhdal
sunnlv at 6 n per cent excepting on Friday, vine
nrrnarations were being made for meeting III
recIIlar disbursements of December l, time loan
were practically uune2otablc
The situation abroad made marked improve
uent during the last week. and in London tn
opcn market rate for discounts fell to - pr
cent The Bank of England reported on lhurS9a
q furtbrr Gain for the week of G2,l25,229, WHO
raised it's holdings 10 224,6o3,O35, asaln'