New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-07
LITTLE DONE IN STOCKS.
FIRM AND DULL MARKET.
YEARS EXPANSION OF LEGAL MONEY
MODIFIED BY A CONTRACTION DE Ma
TIoNAL BANK CIRCULATION.
Sunday. July 6-p. m.

Sunday, July 6-p H.
IT.. IT,;,.d States Treasurer last week thVe
49,, roceived from customs ga 6,5Sl, nom H.
$500, rov.nue S2.454,027, and from mlsceilane-
zoos seol Os6: total from all, Ss,222,69i'
me, G. GOA 7l2 for the preceding 1ul Weeh'
Tho bond purchases of four days aggregated Or
600 Tho fund held for the redemption OF sur
.o,aoxod National bank circulation was feauceo
S400,932. M ,,,o NOT
D., tho Treasury statement of June 80 ire leO
Ia silver dollars and bullion and leGal-'ehucl
votes held in the Treasury vaults IN excess VI o"
.,ard,rc certificates amounted 10 S22S''9o''il'
AGAINST S24s.sqs,576 on June 80, 1852 S'io"i'a
. decrease in the Treasury balances Tor die Se4
If So0162655 SO much has been auueu ~ O"o
general circulation by the Treasury opeI".'o"' W
The wear ending June 80. 1890 III ""o''i'" Wv
coinage of standard dollars has amoun'eu " "'U''
RIG 0oO. 900 The countrys gold prouu0.S 10 'a'
twelve months have amounted 10 a'ou.
600. The net exports of gold Ior N'e n.y.
months were 100000; it is large eSO'hno'
give 10 used in the arts Sl5,Ooo'VVo' o"o go
50 leaves Sl3,3O0,000 gold whlch mas so"' .,aso
money during the last twelve noh'ns' al 80
;.sros dve an evanston Of legal money IN genera
circulation for the last twelve moh'ns u Io,
eoees This sum. he it observed, Is Ns"'
of klnI lUdb COub'o az
On the other hand, the years contraction Oh U'n"
~. o;r.uIat;on amounted to S25,S34,3'3, eaV-
ING the net expansion of currency IN ge''ei'' ~
ouI.t;on made during the last twelve no""'
sAa COS aa2 But il must be observed tnau pd"N
ro.ce are NOT legal-tenders and 40 not couhu 40 "
mar, of the National banks reserve. Inc ioAio"
inc tables give in detail the expansion OF sehe'i
circulation during the last twelve moh'ns'
1KhASUKY BALANCES o
June 80 s,s1 ie II .sol slpo.2s2,4ot
Xst gSiI ana bullion $50 $50 2S S9 g
Net Legal. tender notes 2',ool'o -
r,., s24s, s9s,576 s. !S59l
decrease iess in Treasury balances. 2ol0-'o0'
GENERAL CIRCULATION.
Increased by reduc
,icn Of Treasury s.OLG2065
Increased BY cS SdlssS,, $4,000 900
Less psG used in the arts sl5ooo.o0o ,e-ooooo
tess net eXp'ts for " S7cO'ocO 1s,1Oo,o0
60. ,oao ,,,o money 1850 ooo
Years expansion Of legal money IN Gircn 3
Years contraction OF bank note circnlaio-- -''"''o
Ne, oxpansion 0. currency" circulation. s4dG-s'-'-
From March 81. 1890. TO June 50, 1890. the
actual Treasury absorption OF legal money
amounted 10 S3.oss.0 5l. and III addition 'hefc
was net contraction of bank note circulation OF
s455O.7a7. making total contraction for the
three months II INC CuiIrHNA N-ANA'l'A'''- -
ts.53s,s4s-a sum about equal 10 lis cisbuTsc-
ments for July interest-and not fourteen ana
three-quarters millions of dollars, as Is clumsny
stated in a contemporary. and IS disputed by lis
own incorrect tables.
BANK CONDITIONS COMPARED.
By the operations Of the New-York Sub-Treas-
ury in the i've DAYS ended last Thurs Jay night.
which Included tie receipt OF SlVl 900 Tor cN-
changes on other Sub-Tpasures and The pay
,Yai,s. kf.I no
York banks gained Si,js4,Oj4 caSh. III ad'i-
tion 10 This il is known that the interior move
ment of money during the week was N favor OF
this CITY 20 an amount lreater than ~, Ooo.Uo"
Ye, Yesterdays bank statement oi tive GAYS aN-
eIage shows loss Of S602.2OO cash. il Is evident
that the statement covers an error OF Two Or taiee
millions OF dollars. which probably VIII not he
rectied until the statement Of next SATURDAY
The loans were expanded S1.j53,30O. 1hls WIN
the reported loss il cash. calls for gain 70 the de-
posts of S69OO.000 instead of which the de-
posts are reported increased s.. 500; differ
ence of 81 500, 900 Ii is IDLE to attempt an
analysis of statement which bears us own eN!-
dencc Of error, as does Yesterdays bank stare
mcnt BY the statement the surplus reserve IS
reduced S2.19G,GO0, leaving II at S5,e4b,9Jn,
against Si.olS02j Jul s, 1859; S24,5l6,oOp
july :. l. ss. and $685. $50 July a. 1897.
The changes for the corresponding week OF
preceding years were as follows: 1-S9-loanS in
crease s., $40, 100. cash decrease Sl,126,jOO. de-
posts increase $500. 500 and surplus reserve de
crease $2.574,200; lsss-loans increase $500
900. cash decrease s. 10000, deposits increas"
S5,5sOl00, and surplus reserve decrease s! 800
425; lss7-loans decrease S3,319,900. cash in
crease So s2,S 500. deposits increase 81 ,925,1O
and surplus reserve increase S2.3OI,375.
Subjoined is yesterdays statement. compared
with the corresponding dates of 1889 and 1888:
july :, Is July o. 50 July D. 90
Loans $3.50 $40 700 S423 400 900 S4O4 O24 600
Specie ........... 90 979.7o0 315j.30O 764fs 900
Lcraltenders 1890. 90 Sii3C0 433l2lcO 3O07j .2Od
Deposits ..... 1890 800 AS 797 800 f14305.s 900
Circulation ......... 771l.3OO 3sj3.5lO 377l. 100
The following shows the relation the re.
and the total deposits at the respective dates
Specie ........... S9O3797OO 80 :7G i4s 600
Legal-tenders 35Sl4SO) i33l2l00 30 o. 800
Total reserve s2 70i 500 SIG 4G7 400 slO7 428 900
Reserve required
against deposits. 1903 700 1ll,440375 103576 $50
Surplus ........ So. 31G 500 s5OIs o25 $3.50 go
Per cent deposits. 30S7 2B12 1916
The following is Saturdays statement in detail
Banks. Loans. Specie. LcG1ls. Deposits