New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-27
MONEY MARKETS EASY.
4 GROWTH OF CONFIDENCE.
prvIvAI, OF EUROPEAN INTEREST IN
AMERICAN sECUR1TIES-THE
WEEK IN STOCKS.
Sunday. November 20. p. m.

WEEK IN STOCKS.
Sunday, November &c. p. m.
,,,,,od states Treasury received last
=. from, customs 81. 39S. 533: from internal rev.
80 60 7S7.5oS and from miscellaneous sources
ZOO aoo. total from ALL S5.976.9S1, against 80
o,,.,c IN the preceding week. There was
.u,nc of Of nearly s350,000 in the receipts from
1..,on,s but the other receipts were about on
nor with those Of the preceding week. Inc
...oet,v Treasury statement shows an increase
., sso3 9,9 In the net cash In vaults. ana de-
,.raase Of SOS 1873 In deposits In National oahhs'
Tho net cash balances were strengthened os
t,s, IA The gold balance suffered a 1ur'her
aon,st,on of s917 9o1 but the other items showed
moderate gains
Tho nrincipal changes in the vault balances
,r.ra made up as follows: loss in the gold
balance of s9l7.9O1. by decrease OF S'oliu
9, coin and bullion, less reduction OF si-o'c'o
IN the amount Of outstanding cert>hcates' "
Gain in the silver balance of $I4S,6l4' by ai
increase Of S25114 in coin and bullion, WIN
reduction Of s723,5OO in outstanding ceruhca'es
and Treasury notes. and q gain in the legal
tender reserve of s5l9,556. by an increase Oh
st 100 e,s in notes, minus an issue of 100000 OF
currency certificates. The holdings OF Ma
tiona bank notes were increased further by
for silver bullion. and it is natural TO ih1er
that payments on this account have been COM
Melted The volume of these notes in circuia-
tion was lowered by s319,434. that amount re-
turning to the Treasury. The Treasurys Ia
bity for the redemption Of National bank
notes was lowered by s15o2S4 and deposits OF
lawful money on that account now amount 10
s2l, OSS442. Treasury disbursements continued
to be made chiefly in gold coin.
subjoined is Saturdays statement compared
with that Of November Is:
Nov. IS Nov. rs. Differences
God and
Innate, ss5 200 374 ssi, 3o2,473 Dec. s917,o0l
Y. .; motss ies' 4oleoo1 4536157 Inc $40 o5G
Natl bank notes 1275o,0OG 13,Oll,S13 Inc. .o32'5
uaca,cs -. $3.50. $3.50, 295 6,2s4,ooo Inc. 74s,eli
cash in 4sl 47O SiOs AIS Inc. s0o3 o42
D seSss IN Nav. so7sao ns5ocis Dec. ssles
ro,, ,alancc elo $40 922 sll9 945 ESQ Inc s5o5744
seiSs .......... 100000 900 looooo,ooo ......
Ns, c,sh BAL sl9379,3oe sIo,oi5.O oG Inc. s5C57l
BANK CONDITIONS COMPARED.
By the operations of the New-York Sub.
Treasury in the week ended Friday night which
included deposits Of s295,0OO for payment at
other points, the associated banks lost $685.
5s2 The weekly bank statement published yester-
day showed an average rain in cash OF SS.O2l,-
6OO The increase was chiefly in legal tender
notes, but that in specie was more than
100000. AS Treasury payments have been
made in gold, this increase was rather smaller
than it was expected to be. The gain in cur
rency was in full consonance with the known
movements Of money. The result was not sur
p,ising therefore, but the further accumula-
ton in reserves. which was in itself an I'M
favorable feature of the statement, was offset
partially by an expansion Of loans by s3,46S,9Oo
In the last three weeks deposits have increased
nearly SIS, 000, 000 while loans have gained less
than S3,000,000. The slightest increase In TINS
item Is reassuring because 1t indicates partial
restoration of confidence. The statement was
no. wholly consistent, because the increase in
other changes demanded The result of all the
changes was further gain OF $5,3647OO in the
surplus reserve. and the banks hold in excess
$50 In the corresponding week a year ago. and
$;4.ss2,35O at the same time In the preceding
year.
The changes in the corresponding week in
three preceding years were as follows: 1892
Loans decreased. $57630O; cash increased
s2.l22. 200 deposits decreased, s1729O0. and sur
plus reserve increased $2,165,425. 1S91-Loans in
creased $3.S4340O; cash increased, s2,S07 400; de-
posits increased, A99l200 and surplus reserve
Increased $,55s,6OO lSsO-Loans decreased
274s 100; cash decreased, s4s4,100; deposits de-
creased, s3,106,S00. and surplus reserve increased
1922 600.
subjoned IL Saturdays statement. compared
with the corresponding dates Of 1891 and 1892:
- Nov 2s. '91. Nov. 90 '92. Nov. %, 1913
Loans IL 453, 800 "a 40 $40 900 S4o5, POI 200
Specie ......... eS.5S9,9o0 79,432400 100,393 GOO
Lcsa:tnders .......- s3 1295co 492gS5o $500 200
Circulation ........ 5,61oOo 5,e72.2oo 1881 800
The following shows the relation between the
total reserve and the total deposits at the re-
spective dates:
Specie . ses, $50 900 s79.43o,4o 800 oo3 GOO
Lega.tenders 80 10000 40299ou0 eo,GG9500
Reserve 1921. 40 900 ellie 7s1 900 $3.50 OOs 100
Reserve required .... 49,
against deposits. 106,S2S2oO uSVOooSO 1887 25
Surplus ..... ell, ss2 $50 s6.72o $50 s7O,sS5 175
Percentage ~ 2S4 SOC 800
The following table shows the percentage of
reserve held for each bank. 1t should be OBJ
served the National banks are required to keep
q reserve Of Is per cent and State banks one Of
Is per cent:
Banks. Loans. Specie. Legals Deposits Pc.
BAl2 100000 900 900 q 1870 900 ID 100 900 1873
Man Co. III go 900 6430 900 262o 0O0 II 33l 900 52
herch Nat... e.0l62o0 2bS0900 lSea6O $3.50 3OO ~
BIZ OF Am 10 2J0iOO 33es5O0 267sO00 II 1855 900 $50
Phenix Nat. 43O9OOO l049OOO $4,000 4279 600 20 .
Mai CITY lC 215OO TO- 763 700 5525 2S 654 200 so
Trade Nat. 2237l00 2o2 500 1896, 700 oOs2 500 20 o
Chem Nat 22 4s7 400 600 S53 600 20 65 100 A
Mer Elk Nat 3s48sOO $50 500 TSs 400 1882 600 81 I
Gallatn Nat. 5726 400 1343 700 5G67 200 ~ Q
Nat & D.. lG2s90O 24l.500 $4,000 15I1 900 90