New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-27
A WEEK OF SURPRISES.
STOCKS SUFFERED SEVERELY.
SEVERAL INTERESTING FEATURES.

Sunday February 2G-p m.
The United States Treasury in the five business
DAYS last week received from customs S5,7lj,-
0O3: from internal revenue S2j96,s40. ana from
miscellaneous sources $ll3,60l; total from all
S6,456,3I7, against S5,'9S,9ll IN the prece iln9
full week The weekly Treasury statement
showed decrease of Sl.j00s37 in the net cash
in vaults and an increase of S529,l67 in deposits
in National banks The net cash balances were
reduced therefore, by $l,l7l,670 The exports
of gold caused a loss not only in the metal. but
also in the gold balance, but this was offset by the
gain in the Icgal-tcnder balance.
The principal changes IN tine vault balances
were made up as follows 4 loss in the gold
balance of $3,405,9s3 hy a decrease of $780,
I13 in coin and bullion. less a reduction 500
80 in the amount of outstanding certificates.
loss in the silver balance of 81 0Jl ,2l7. by an en-
panson of SO, O21 ,319 in the amount of ou'stald-
ing certificates, less a further accumulation OF
Si,I2O,l32 In coin and bullion, and gain in the
legal-tender balance of S4,27j,1S7 by an increase
Of $2,sl5.7s7 in notes and a reduction OF Sl,4oo-
900 in currency certificates outstanding. Treasury
notes to the amount of S9Ss, 200 were issued Ill
payment for silver bullion S9js, 75l was returned
in the ordinary course of business, and the vol
ume of these notes in circulation was increased
only by S3O.229 The Treasury's liability for the
REDEMPTION of National bank notes was reduced
further by Sl45,3s2. and the deposits of lawful
money on that account amounted at the end of
the week to S22,377,526
Subioned is Saturdays statement compared with
that OF February Is:
Feb IS. Feb a5. Differences.
Gold coin and bull
ion less cerun'
600 600 reserve. s7sf III s4,34779 Dec. s3493 osS
ccrtiacste, .''. Il 9se Sal 1!212 CPS Inc 42757s7
si hTi'oS a'll lar. s ssS
tacates ......... IL s63427 o9621so Dec. 9o .247
Cash in Treasury s8s GA 5ol s37 Dec s5oo,ss7
banks ~ 1os1s.soo ll.14so7s Inc. s2eIe7
Total Balance $40 4Gs 4o7 s4s POI se7 Dec sll7I
BANK CONDITIONS COMPARED.
BY the operations of the New-lork Sub
Treasury In the week ended Friday night, which
included deposits of sol 1000 for payments at
other points, the associated banks lost
S646,O56. The weekly bank statement pub
lshed yesterday showed an average loss in cash of
S6,947 400. The movement of currency from this
city was continued a large scale and for it no
reasonable explanation has vet been supplied. The
fact remains that at all the principal financial
centres in the country money is in sharp demand
and that wants are supplied by Withdrawals from
New-York. The movement may be temporary, but
in connection with the outflow of gold to Europe
its effect on the reserves of the city banks Is
real and substantial The contraction in loans
amounted to nearly 81 900 900, but this may
have been caused partly by the heavy liquidation
in the Stock Exchange markets. The decrease
in deposits which reached S1O,905l00, was con-
sstent with the other changes The result Of
all the changes was loss IN the sur
plus reserve of S4,22l,l25, but the banks still
held in excess of legal requirements $9,Ss4,775
against $26, $685. 700 in the corresponding week
year ago, and S13,63O,275 in the preceding
year
The changes in the corresponding week in three
preceding years were as follows: 1S92-loans
Increased $4,000 cash decreased So, $500,
deposits increased $780,, 900, and surplus reserve
decreased SO, IS $50 Il s9-loans increased 1853,
700 cash decreased So 76,9O0, deposits decreased
S2,136.C00 and surplus reserve decreased 81 a.
$50; lo90--loans decreased S4,s63,l00. cash de-
creased S3,6l610O, deposits decreased S9,1ls 900,
and surplus reserve decreased 81 $685. 500.
oubJoined is saturdays statement compared with
the corresponding dates of sol and 1892:
Loans 80 s .se s sts & go
bstS;Its iSS 5Si 9ss So aS2:9SlSS
The following shows the relations between the
total reserve and the total deposits at the re-
spctive dates
Legsl-tenders 35,9s5sOo 521o.lOo 5'eo2 500
Reserve ......sll7 800 sl5o95i4 si27 5ei 500
against deposits. 1Os coe.525 29Sa7co ns,l77o25
rs: sSg%s 80 '2o'0' s6 ST.
The following table shows the percentage Of
reserve held for each bank II should I've observed
the National banks are required 10 keep reserve
of 20 per cent and State banks one of 10 per
cent:
RlnEs y RI