New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-12
Toal ba ancc s90l1296o s94 POO go Dec 81 ST. 80
BANK CONDITIONS COMPARED.

which was unusually consistent IN llSclf. rcS'i'eu
in a gain of S4.sO7,375 in the surplus reserve
which is now Sl3.3S4,250. against So'oi'''V"
in the corresponding week last year, 81 4,149'l3o
in the preceding year. and Sl5,59l,275 in 1883.
The changes for the corresponding WEEKS VI
prece iirg Yeas were as follows lS""-oailS
increase S657 100. cash increase S5,5@5,3oO, de
posits increase 81 400, and surplus reserve III
crease S425Q.10O; l3S0-lOans decrease So,ol0'-
900. cash incr .ase $7,5l0,400. deposits increase
Sl.?l3.io0. and surplus reserve increase S',%lo'-
$50: ls-s-loans decrease SO, s06do', cash III
crease $5.446,?0O, deposits increase Sl'S!'''V''
ana Surplus re-cyVe increase Si,9oi,o1"'
SubloineJ is Yesterdays statement, compared
with the corresponding dates of 1890 ana l7o9
,o 1a 81 ST 90 5s3 H. 900 s3sj IS 600
Sp Gle = s7 5$S 800 100 sS.o3i6SS - ~ 800
40 20 500 900 4 SS S'$ s 50 SSS
tn, following shows the relation between the total re-
serve AID total deposits at the respective date o
T. Tic 'S sias} 800 23S3I66o 30as350o
ro.ql ro,yc.. e1I7 oscoo 500 7Oi,4OO silo0j55 $50
KIN an, fSp pas 1O25sc45o 1Osess7OO o5sl25o
sp,sa, el''gsl?.S soo'3 s5s 9'''s4!g.ii22
The bank exchanges at Ncw.York Clearing House
stocks sold at the New-Iork Stock EN'ha"So la'
ok ard for the preceding two wears compare
Jam Y 70 20 "a! jan; H H 50 Jss "a 81 81
I * ,ySs cold sG$5i Y595i57 is05sj
THE MONETARY SITUATION.
Tie growth OF confidence was evnced in a va
ricty OF ways last week. The reduction OF rs
discount rate by the Bank of England, and also
an cIual reduction by the Bank Of Austria were
followed by easier rates for money everywhere III
Eurupe The cancellation of S5,'1O,OOo Clearing
House certificates in New-Iork and the extinction
of the entire issue n Boston proved conple''
restoration of confidence in this country. Further
evidence was furnished yesterday by the weekly
bank statement which showed an unexpectedly
large gain in the reserves. If tie ASSOCIATED
banks OF this CITY were prompt in originally IS
suing Clearing House certificates. they seem now
to be somewhat reluctant, not IN caHccIAng GER
tihcatcs hut in helping confidence by IeSnmlnG
the publication of detailed statements Inc
statement of averages publlShcd Yesterday nigh;
be more clearly explained if the items had been
given in detail. II is known that a largr Wall
Street bank gained 81, 600 900 or upward IN money,
and there is some reason 70 believe that the gain
represented a partial return Of money recently
witlCpld from circulation. But whether the
increase was from this source or from thc country
movement. il was an indication Of increased con-
fdence. Money IN call ruled easy thr0nghout
the week AT an average Of about per cent. ard
lenders showed evident willingness 10 enter INTO
new engagements on tI6c. While the rate WIS
not materially below legal interest, they were
less exacting in regard 10 colaerals and 10 rods
I'm spite, however of the growing ease III rates
there is still fear in regard 10 financial legislation
II is the popular impression IN Wall Street that
there will be no decisive action az Tins session
OF Congress. In some quarters tins opinion Is not
fully entertained il is considered possible that
n political bargain between the TWO branches Of the
National LEGISLATURE may result IL bill for
tLe free coinage of silver Even in the East this
contingency is contemplated almost with apathy.
II seems TO he accepted rs smaller evil than the
continued agitation Of the subject that III" cN-
pertinent should he tried. This is weak, and, il
may almost he said. cowardy. yielding - the
silver craze: for the inevitable result must fol-
low or all the lessons Of financial history 90 for
naught The foreign exchanges were stronger IN
consequence OF a demand for remittance caused
bv the sale Of securities bnt toward the end of the
1pmuud became
of change in foreign sentiment and tho m1rkct
closed rather weak at 81 :? II and - SO for
long and short sterling bills respectively
RAILROAD EARNINGS.
The Tribune has printed the gross earnings of
81 railroad companies or systems for the fourth
week in December. OF the number 43 companies
cent. and II companies have returned loss's aver
aging l.2 per cent The whole number gives
gain the week of last year of SSSj,29S, or
1I.5 per cent In partial explanation Of this
large incrcase il must he noted that in calculating
the rarninls for the fourth week and the month
Of December, there was ore more working day
than in the same month last wear.
% eSm %ssH IN sci no 60 sS OF Inc so7
Total 81 800 az l57 2Is Inc. 1885, 29s 10
THE WEEK AT THE STOCK EXCHANGE.
The total transactions in stocks last week were
1,4s0,jsj shares compared with Sl9,96j shares
in the preceding week. and with .j9s lJ1 sh re,
in the corresponding week of last year. Prices
20 energetic buying for both accounts, which was
stimulated by the more promising conditions
affecting railroads and monetary affairs. Al
though the trading. especially in the early part of
the week, was largely professional, there is 40
doubt that confidence in speculation has been
hclpeal everywhere in this country Since the
beginning of the year commission houses have
gradually resumed the buying of securities on
margin. During the uncertainty which lowed
the failure of Decker. Howell ~ Co. and 1nc en-
la rassIcnt of the Earrings this chss Of buying
WAS practically suspended. Few purchases were
made except for cash for the account of INFER
csts Known 10 be abundantly able 10 pay in fall
for all their ventures. The importance of this
lates. change in sentiment cannot he OVcIcSt mated
IN a rafTnw speculation. The belief has now be-
come general where before it was rarely held, that
;nc ,o4d.tio is in mercantile and financial business
in November were much better than II was icaic
they might be. IL is seen that he hnancllI a
dist urbance was not our panic anyway. Iiul
Thursday London was n free seller Of our securi-
ties in this market and the steady improvement
in prices did not discourage IT'S tendency. Since
that time il 10 have concluded that raj road
affairs in this country were mendlng, and both Tor
the short" and loag" accounts the week ended !
with urgent crmand for yearly all stocks dealt |
in abroad. Final prices were materially highet, |
the advances ranging for the active stocks from !