New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-26
STOCKS EXCESSIVELY DULL.
SURPRISINGLY STRONG.
COURSE OF THE MARKET LAST WEEK-TIIE
TREASURY STATEMENT
Sunday, June 25-p. m.

The United States Treasurer received last week
from customs. S3,56s,l22; from internal rev.
enue, S3,25s,43l, and from J miscellaneous
sources, S4O0,79S; total from all, S7,236,35l,
against sc, O46,022 in the preceding week. Nearly
one-half Of the increase in the receipts from
customs. The weekly Treasury statement shows
decrease Of S2,06l,0Oi in the net cash in
vaults. and an increase Of S507,942 in deposits
in National banks. The net cash balances, ac-
cordng TO the statement, were lowered by 81 $685.
OJ9 The most encouraging feature Of the state
ment was the increase in the gold balance, al
though this was brought about merely by re-
duction in the amount Of outstanding certificates.
The principal changes in the vault balances
were made up as follows: gain in the gold
balance of 81 1852. 024, by reduction Of S2,07l,-
$40 in the amount OF outstanding certificates.
minus a loss of S21s,SS6 in coin and bullion;
n loss in the silver balance Of $472,030, by the
issue Of S2,IO5.3s5 of certificates and Treasury
notes. less further accumulation of 81 ,633,355
in coin and bullion. and less In the legaltender
balance Of S2.5ls227. by decrease of $751; 4s,22'
in notes, less reduction of S63O,0OO In the
amount Of currency certificates outstanding. Inc
holdings of National bank notes were smaller
by S0o3G6S Treasury notes TO the amount OF
81 O36,O0O were issued in payment for SILVER
bullion but the sum Of Ss3l,626 was relssuen
in the course Of business. and the vorine oi
these notes in circulation was swollen further oy
S1,s67,626. The amount of these notes now
outstanding is $13s,G43,s64 The Treasurys ia
bility for the redemption of National bank notes
was reduced only $4,000, and the deposits OF
lawful money on that account al the Gnu Vi
the week were S20,719.63O.
Subioined il Saturdays statement, compared
"i'' '''"' VI June IL June "a. Differences.
Gold coin end
bullion less c 54 43s Inc 81 1925 24
s @o ,ts less % 1913 2s4ool7l Dec. 25ls22
Natl bank notes 5Soo.o05 4'Ss'4oV Dec '-''''
silver dollars and
bullion less GER .oo,a. q ooo -. ncc 40 oyO
sh r sIs3 I26 iO4 sis Oe5 1853 Dec. s2O6l COL
d. banks nGs' IN Na.' 1l4slAoe llso34s Inc. 5o7o+2
ro,,, balance $40 $4,000. 5il Dec. osso6s
Les 800 600 600
egatcnder re- ,o. mn mn ,oo ooo nm
serN" iOV,ooV'oVV iV'"'"''"' ..''
Ne. cash bal ga $40 $4,000 81 Dec si.553,oj9
BANK CONDITIONS COMPARED.
Nv the operations Of the New.York Sub-Treasury
in the week ended Friday night which included
payments OF S64 ,267 for purchases OF Pacific Kali
road bonds the associated banks lost Sl,'l4,lSl.
The weekly bank statement, published ycster-
dav showed an average loss Of cash Of S5,4l2,0Oo.
This was more favorable showing than had been
expected. for the movement OF currency was
steadily against this city until near the eud OF
the week, when the demand was somewhat re-
layed The contraction Of loans was nearly 81
70, 900. but the decrease in deposits was smaller
than il ought 10 have been by more than 81
900 900 The result Of all the changes was a
further loss in the surplus rcserTe OF SJ2v4,szo'
The banks still hold in excess oil legal require
mcnts S5.4sI.o7j, against Sl0,s!2.OjO In the cor
responding week year ago. and Sls,4l l,6oo III
the same week in the preceding year :. o..
81, non
three pr.cnling years were as follows lsg2-
Loans decreased 81 $4,000: cash decreased 80
2Oj.i0o: deposits decreased -. .i,''o AM sun
plus reserve decreased S2ol LTD; is'dCS Son
increased SO, 40 900 cash increased S4,of!,zoV,
deposits increased 1921 300, and surplus resr !.
increased 80, ?39.373 ls"omL2ans increase s;,s
cre,saJ 81 $50. 700. and surplus reserve Increased
S49s62j. ,. oomrored
with the corresponding dates of 1901 ana 1897:
.. Sr 81, "a sy 90 ~. lS, % q ss SS2s
lg se, tender. . IS, q. 6 90 q: 200 fcS
nclo;,l,, ..'. 40 $500 5ciScoo $500
Tho following shows the relations between the
total reserve and the total deposits az '"e It,
spccive dates: ,oo sc- o,, ono
fg ssa ndcr .. II q 200 $500 3ssioo sSoI1SoO
r,.s,y. siis 900 GOO as. .oI 200 $40, eosooo
R sss., rG GciD,.. 100 800 900 ,soI'o oo'ooc'
syrlg: ...~~. sis"lsD" sl''72$s $50 ''"s24s Ss
The ban., exchanges of the Nrwiork Cle,rlng
House and the stocI, sold at tho New-l9rk Stock
ENclang" last week and for me W'sS vi ''e
preceding two years compar" ~ iollo"s'
q; %, !? z, 2a s%ss % $50
TIE MONETARY SITUATION.
Tie stringcncy in the money market wis NOT
relieved The demand for currency from the III
terror remained urgent until near the close OF t''
week. when thcr, were small receipts from nearby
ron,. TIN, principal demand WAS from SIN
Francisco and in consequence OF sub reasurE
transfers to tina. city the treasury ahnrn 1oim .
thing to IL stock OF gold. liat'e ior can ion's
AZ IN. Stock Exchange rIngrd from -, 10 - ~,
cent and few transactions wrr" maj" D'lo" "
per cent II is difficult To fix the av"rasr ra's
ior the week. but il was probably not ulu'T j..
done at II per cent rms Vas III arui' .".
prevailing rat" AZ IN" 'clor' on rl'V' am H.
irrdays figures were wholly Nominal as nsnai o.
halr-hoidays but the" only transactions We're u,
per cent There was almost hothln. uoh1 u.
time loans Their, an eager inquiry. but tnr
offerings were small, ana were MAJ" p', nnaprdra
LITTLE accommodation beyond Tn" circle oil 'h',r
customers In" rate for all periods was % pr
cent, but "A commission was ad"'' u It, 49,;
inc to either the class of collateral or me hcesi
lies Of ihr borrowers. Commercial paper re-
manned practically unsalnhle Notes OF "N'eii,h.
houses were freely oll"rc! without tnK'Ts, 1 iI Ir
/ ondon the open rate for money advanced a.
one time Ca nearly per cent. rnt II Tell aya'n
Yesterday 10 - Per cont. when was "hiS a
I,tlo above the rate A week acO. Ih" BANK OF
Tncland made no chang in its Official rate OF
discount In Paris money was steady az -
prr cent for discounts but IN Hrlin IL WIS
iriic higher H., ,. Oh,
Tho foreign exchanges were demoralizrd Dy tle
h;gh RATE, for money and on Tuesday they were
"in,ost mammal demand bills sold as low rs
Sis1 An importation OF 100000 gold was
mad" on a special order, but tn" rates for sterling
bills were below the gold importing point. IL,
the last part of the week rates wcr" higher until
Friday when they AGAIN weakened, and although
there was little doing yesterday. concessions were
again allowed 1t is absolutely certain that rates
for money must advance in London or decline IN
Ncw-York or an inflow Of gotl will be Necessary
~ restore. the equilibrium AZ the present price
of money in both cities gold may be- brought here
nj n prolt at about - 50 IA for demand drafts
on Iondon The market closed weak ana some
what irregular NJ - s2a$A 81 Ia aud 81 s4a
SlsII4 for long and snort sterling bills respect