New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-07-26

THE BANK STATEMENT.

Saturday, July 25-p m.
BY the operations of the New-York Sub-Ireasury
In the week ended last night, which lncluoeu
deposits of 81 $4,000 for payment at other
noiuts the associated banks lost 81 ,221 ,5oS The
weekly bank statement published to-day showed
an increase in cash of S706,G0O. Even allow
ing for the vararies of the system OF averages
the statement was incomprebensible. The losses
to the ub-Treasury of Sl,22L,52S by its usual
business and of 81 $685. 900 by deposits for pay
ment at other points were scattered through the
week. while the exports of 81 800 gold counted
for only one day. To counterbalance these aver
ages in the statement, the excess Of receipts iron
the country must have been about 81, 100000.
The conclusion cannot he supported by the prob
abilities. The statement was not even consistent
in it's details, fer the decrease in deposits was
considerably larger than the obher changes de,
handed 1t was made on falling averages, ana
the banks were poorer by between SO ,0o0, 900 and
81, 0O0, 900 than the average showing The result
surplus reserve, which is siS,7Ie,825, against
Sc 05S,12 in the corresponding week year ago.
$7,0S9,075 in the preceding year, and S27,ll6,l''
in 1883.
The following are the statements Of July IS
and July rs:
5Sss; tenders ''S T IS.
Circulation - S5S2'SoO 3'913,6o0 Inc $4,000
The following shows the relation between the total re-
and the total deposits at the respective dotes
E iessie S cS9sSo Ss6Soooo Dec $1,000
Total reserve $3.50 oe2 400 s12 100000 Inc s7oesoo
against deposits 1902 9o2 795 1oiOss,e75 Dec. $4,000
surplus SIS 4s9,e75 s19, io825 Inc. - 900 $50
The Clearing House statement u as follows :
For tO-day-Exchanges, $14,b7 1863 BALANCES
$3,s59,O47. For the week Exchanges, S41s,l7o,
"A I,1n
WHAT WAS DONE IN STOCKS.
The stock market was not unusually active for
halfholiday, but the course OF prices was steadily
downward The speculative manipulation of Chi,
cago Burlington and quincy was continued, ana ~
so 1-sas0 IA. A little buying for Boston ac-
count was observable, but il not In sufficlept
volume 10 indicate renewed faith on the part OF
large holders or to check the downward move
ment Louisville and Nashville fell below the
price at which new stock Is being offered to sub
scribers, but the rights were in request at 3a5,
closing at the higher price. The conspicuous
feature of the trading, however, the excessive
weakness of the Richmond and West Point Ter
mnal stocks. The common fell l-S per cent 70
IL 3-4a1l rs, and small sales of the preferred
were made at 81 and 50, the last previous sale
about two weeks ago being at e. IA. In con-
nectjon with the recent declines in the bonds the
movement was suggestive of financial difficulties
possible that an entire reorganization of the CON-
pany may be forced upon the owners. II was
said III excuse Tor the declines that the selling
the liquidation of lnrge long account, but
that is no explanation unless friends of the COM
pany concede that the present prices fairly repre-
sent the intrinsic worth. The only other I'M
p0rtant loss was suffered by New-Jersey Central,
which fell per cent and recovered only small
part of the loss. As rule, the final declines
were l-4al-2 per cent The publication of an
unexpectedly favorable bank statement failed to
revive confidence, and the closing at practically
the lowest points.
THE DAY IN THE BOND MARKET.
There were no transactions in Government
bonds, but the market was firm and bids for the
4 1-2s were raised 1-s per cent The closing
quotations were as follows: