New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-29

THE BANK STATEMENT

Saturday, May esp m.
BY the operations of the NewYork Suh-Ireasury
in the week ended last night the associated banks
cained S744s36 The weekly bank statement
published to-day showed an average gain in cash
of 81 ASS, 900. This showing was more favorabh
than had been expected from the known movr-
ments Of money, and it was further PROOF OF ue
tendency Of lille capital to accumulate nj thp
centre. Under ordinary conditions this concen-
tration might not lie happy feature, but the
constant increase in the volume of currency
through the monthly Purchases of silver bullion
by the Treasury is beginning 10 have its natural
and inevitable eject. The volume OF loans was
contracted further by S2,l 33,l00, but the in
crease in deposits was smaller by Sl,72O,3OO tran
the other changes demanded. In spite of the
larger reserve called for by the increase in de-
posts the result of the changes was an increase
of S5,056,ei0 in the surplus reserve, ana the
banks now hold in excess Of legal requirements
$24,6l2,s?5 against S752o,l, - IN the correspond
ing week n year ago. and S4,0l2,l25 in the pre-
ccding year.
The following the comparative statements Of Nay
81 and May IS:
Loans Nsy zoo NsE 81 Dec g s9
fpsse is!eS g In nc ss?
G HSS S45SSS S9 1893 In" mS 1885 1855
The following shows the relation between the total re-
aid the total deposits az the respective dates:
Specie ...slol IL 700 slo37 100 Inc. 80 100
Lcgaltenders 80 1900 3ieo5 800 Inc ?ss7 200
Total rcscrvesI53 l70 900 el5s 0s7 s5i5s 600
against depoits 1873 e2ao25 IasO25,o75 Inc. 4oi.i5o
Surplus .... Sio-555975 s24 0i2 s25 Inc e5 O56s5o
The Clearing House statement il as follows:
For to-day-EXchanges, Sl0',2o3572; baianccs'
~ .22j,2OJ For the we"k-ENchangcs $780,
2sNl52: balances. S3j,204,415
WHAT WAS DONE IN STOCKS
Inn, Oh. 1,iiu
was natural in view of the National holiday on
Monday MANY brokers took advantage OF the
recess for an outing i'll the country. IL would
have been unreasonable 10 expect activity nut the
strength Of the market was an unpleasant surprise
TO operat Re for a decline. There IL an element
in Wall Street which usually sells stocks on the
eve of q prolonged holiday on the mere chance Of
some unexpected catastrophe. The selling is not
wholly for the short account because tmid traders
are unwilling to carry stocks when the market -
closed for unusual interval. In spite of modcT-
was generally upward The advances wore
small Of course. in harmony with the
lightncss Of transactions, but they md
Gated an underlying strength suggestive of
for European account were not Important they
afforded a sharp contrast 70 the fllinS Acsirr-
day. and St Paul, Atchison, Erie and Union
Pacific responded to the influence. OF tho anthra-
cite coal stocks Reading specially ertSlg, and
Richmond Terminal rallied srIdft'y on lnscnih-
cant transactions. The largest gains were made
and Iron conspicuous by a rise OF nearly
per cent The closing not affected APP
preciably b. the publication Of the bank stale
mcnt, which precluded fears OF monetary disturb
ance even if Europe should be willing 10 pay a
large premium for gold dt any time in the next
two months.
TIE DAY IN TIE BOND MARKET
There were no transactions in Government
bonds at the Stock Exchange, bat the market was
firm at unchanged quotations as follows: