New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-04
a DISTURBING ELEMENT.
EFFECT or THE TARIFF BILL
,,,,c,-1 1,s OF THE PROPOSED CHANGES IN
THE STOCK MARKET-lNDuSIf'iAh
SHARES IRREGULAR.
Sunday. December 3-p. m.

SHARES IRREGULAR.
SUNDAY December 3--p m.
- ,ros,,r,, s,otnment for the month Of
.-o,.or,her shows an increase in the pubic oept
a, ss71s5OS. The aggregate funded dept WAS r.
S,,ood nv s37s177, but the surplus cash III the
,,,r,, was lowered by s709i,5S5. There was
,oorease Of S4377.36S In the total cash IN the
rr.asurv. and of s5OSSS52 in the total cash
bolances The MT balances were pei"N III"
era 000 600 legal-tCnder reserve Oy me S"'" -
e. ~ ono There was also decrease o. ABOUT
6, 90 Opo in subsidiary and fractional com IL
hiding deposits in National banhs-$lZ lVi'--
"a minor coin to the amount oil @I-'ol'''i'' t'e
a'.u '..' has a deficit Of $4.soo,SS3. The 70
&c fronl all sources In the inonih amounted
COO q7a 4ao--a decrease Of nearly s5,ooO.J0O COM
I'D with those in November yea" ago. Ihe
p,,,t,,res were SS1. S02. o26. and exceeded the
,,. IA. 81 800 $50. In the five months OF the
-. sscai wear the excess Of expenditures
~ minis has been $50 91S 096 This certainly
in,s tn !, deficiency Ia the year Of $io0DpooV.
Tbe Controllers statement shows n decrease
n, $500 2-s in the full amount Of bank-note CIR
,,,a,ion There was decrease Of Al1.n9 in
alton based on Government bonas, and
a. Increase Of So 341 in circulation secured by
deposits Of lawful money.
THE WEEKLY TREASURY STATEMENT.
The United States Treasurer received in the
five business days last week from customs
xo015S1S: from internal revenue. SS.44o,S96 ana
,,om miscellaneous sources $497.339; total from
.I s5959 O5S against s5.97G,%1 in the preceding
veck There was falling OF OF about S5No-
900 in receipts from customs. but ii was more
10, offset by increased receipts from internal
revenue Tie weekly Treasury statement
shows a decrease Of $32sSi9 in the net cash
Of
posts in National banks. The change in the
No, cosb balances was a gain of sl1l,62O
The principal changes in the vault balances
are made up as follows: \ loss in the gold
balance O: S709, SCI. by decrease of SS6e'Zt IN
coin and bullion. minus IL reduction OF Slo-ooo
IN the amount of outstanding certificates; IL loss
IN the silver balance of $1,000. by an issue OF
,,-o qsr in certificates and Treasury notes. less
gain OF 500 PSI in coin and bullion. and gain
IN the legal-tender reserve of $2y'.34s, by an
Increase OF S1,617.S49 in notes less an issue Oh
e. 400 900 of currency certificates. The Nolume
~ Treasury notes issued in payment for silver
bullion row in circulation was increased D!
sS27 440 4 small amount was returned DuI
notes 10 the amount of about $3o0OOO We're reis-
sued in the course Of business. Inc iiedS
nrv.s Uabjllt,- for the redemption Of National
hank notes was lowered further b. Sl43,o74 ana
deposits OF lawful money on that account now
amount TO S2O,939S5S
BANK CONDITIONS COMPARED.
BY the operations of the New-York Sub-Treas-
ury in the week ended Friday night which IN
Guided deposits Of Only $4,000 for payment at
o,h.r nonts. the associated banks lost s657117
The weekly bank statement published yesterday
showed an average gain in cash OF SS.2'Oloo
The increase was divided fairly between specie
aud leeal-tender notes In the first instance Il
uas exnainel by the fact that Treasury pal
ances were paid invariably in gold. while the
increase in legal-tender notes probably 1eh snort
Of the actual receipts Of currency from the III
terior. The inflow of money from country points
has become a burden to the city banks whlch
sre unable TO find profitable use foG H. Inc
average increase in loans by S4.2So'ioo was
favorable feature but it was little more IMAM
a half of the average increase in loanap!c luhus'
The accumulation of money! at this centre io"s
ago became burdensOme, and In nelther speo"-
,.,,o, nor mercantile demand is there prospect
Of relief In the last four weeks deposits nave
been increased by over s4o.OOO00O of which less
TIN, one-nfth has been loaned ont. In its de-
tails the statement was unusually CONSISTENT
ard The deposits were smaller by less than S+Vo'-
600 than the other changes demanded The re-
sult NJ All the changes further gam Oh
ss.sf725 in the surplus reserve. and the pahNS
hold in excess Of legal reserve S16csosoo' against
s1ssss s25 in the corresponding week year ago
and a deficit Of s2,429,65O at the same time IN
the preceding year ,,.o, ,.aa,, II,
T'he changes in the corresponding week III
,braa ureceding years were as fOllo"s' ~.
Loans increased $l9S22O cash lhcIeas.u O., ~
300 deposits increased $2s59ooo anu 81, cod
serve decreased $232,60O. 1e9l-Loahs ihc.edsU
q. Aca s00 cash increased S6i9.'OO, deposits III
creased s667S. 700. and surplus lese,E oe, oo s
siO1S725. 1S90-Loans lncreaseu ST., Z, s5a 600
decrea sed So 225 500 deposits decreaseo *io'fVV'
and surnus reserve decreased SzSlZoVV Oh,
The hank exchanges of the New ork clear
INC House and the stocks sold at the New olk
last
the preceding two years compare as ioilo"s:
Dee = 81 Dec q; z G ~; s Rse, + ~;
ESehsnnges SIS SO ist,02i lai45s3
THE MONETARY SITUATION.
Money was superabundant on both call and
fine At the Stock Exchange rates for demand
loans continued to rule at from 10 A.: per
cent Renewals were generally at the n,6nsa
figure and in few instances some ,i
exacted per cent or the new business 'iI
average rate for the week was below l12 per
cent The excessive supply OF ioahaple lui fus
exerted an influence toward lower rates loi
time loans For short periods the usual ia'ea
,yera from, To 2is per cent, and for from ninety
DAYS to six months loans were easily hegou-
ated at from 3 to per cent. ACCORDING 10 tne
date and character of the collateral security
Banking institutions and trust conlPahs"
flooded the market with money. ana the coh-
petition to secure loans was eNceeuiheiy Sha'p
The published statement that the Guy pa, IN
pay on an average per cent interest oi NV
deposits of their country correspondents was
evidently an error. on the great bulK Oh 'hcse
deposits few banks pay over per CEN, Gnu
these only on account of eXceptlonaI clIcuih-
stances while on a considerable amount thcy
allow only and IL per cent. Al the cuIlens
ratas Tor ,au loans however. an allowance OF
even 2 per cent Is becoming exceedingly puroeh-
some TO many Of the institutions. Unfortunate
" the demand FOR time loans mas been very
light and the supply of commercial paper Vi
n bipb grade has been. next TO nothing. For
paper not of the best class there Is demand al
about 4 per cent for dates running from Sixty
days to four months. The city Dahhs nov iioiu
IN lawful money nearly 5000 0OO0 900. and the sur
plus reserve exceeds S76.OOO,OOo. Ihe accessiois
Int f,xn