New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-08
THE INDUSTRIAL DECLINES.
SPECULATIVE AIR CLEARS.
A WEEK OF UNUSUAL FEATURES.
Sunday. Nav Tn m

Sunday, May Ppm
The United States Treasurer received last week
from customs 49, $40, from internal revenue
x2sp5296 and from miscellaneous sources S}26-
,l3; total from all, S7,ls2.779, AGAINST $685.
III in the preceding week. The PRINCIPAL in
crease occurred in receipts from customs. which
were nearly 100000 larger than those of the
needing week The weekly Treasury statement
shows an increase Of S2,s36, OS9 in the rrt cash
in vaults. and a decrease of S7l8,45l in deposits
in National banks. The total gain in the NOT
cash balance was $2,ll7,63S The prominent.
feature of the statement Is the increase of Sllc3
2Ca In the gold balance, but satisfaction must
be tempered by the fact that the gain in actual
coin was only Sl,5l2.5G6 The statement shows
plainly that the acccssions of gold are chiefly in
certificates. and that Treasury payments are IN
new Treasury notes whenever they are accented
The principal changes in the vault
balances were made up as follows
gain in the gold balance of S4IG3.2O4
BY an increase of $l,612,j66 in coin and buI
lion. and reduction of S2,C5O63s in the amount
of outstanding certificates; loss in the silver
balance of S36,s05 by an increase of 81 .2s0.5p6
in outstanding certificates and Treasury notes
minus a further accumulation of Sl2l3.72l in
coin ana bullion, and loss in the lcgaltender
balance oil S6'o,462 by decrease Of S3,146,462
in notes less reduction of 100000 in the
amount oil currency certificates outstanding. There
was iurther decrease of Sol ,s4S IN the holdings
Of National bank notes Treasury notes TO the
amount OF S636,OO0 were issued in payment for
SILVER bullion, but the sum of $780, 90? was
icissued IN the course of business, and the vol
umc of these notes IN circulation was swollen by
S?,5S2.o62. The total amount of these notes now
outstanding Is Sl3O,5S9,247 The Treasury's
liability for the redomnf,on of National borl.
notes was reduced further by Sl64,2s2, and the
deposits of lawful money on that account
now amount to S2l,362,s75.
SubJolned is Saturdays statement, compared
with that of April 20:
o.,, - April %. Mayo. Differences
blllol less
."sca.> S9j503 100 s97 OGG 39i In. 81 1903 oo4
t!1s' na 9Ss SO Dee ssss
Silver do,lns and '''''-'' NV 0''''0
~n'''e' $1,000. 1oS57io7 loS2o,eo2 Dec. So 500
cth in asl.o ssaoi8 1872 2io o7 Inc 80 $50 oso
t-"As nm. llao'so 1O.5'7s52 Dec. IT'S 45l
Iot od ,oancc sel :li2 Inc 217 0Ss
serve ............ 100000 600 100 100000 .
Net cash bal sel ~, 70o i5o Inc 81 III 03s
BANK CONDITIONS COMPARED.
By the operations of the Ncw-York Sub-Treas-
IL
Guided deposits of $4,000 for payment at other
points, the associated banks lost S34s .322 Tie
weekly bank statement published yesterday showed
an average gain in cash of Sl,llJ.S00. Other
changes We're small and meaningless The con-
traction in loans amounted 10 only S2G2. 600, and
the increase in deposits. which averaged Sl.,41.-
100. was larger than il ought to have been by
over 100000. This ma, have been merely
correction of 81 " discrepancy in the opposite
direction week ago The statement was in
every respect a complete surprise and it was
contrary TO popular expectations that the i'm
'rovcment was considered artificial 1t is III"
lsCn when the movement Of currency shOuli be in
favor OF this city, but account OF the
unc rtanty about the currency and the financial
policy Of the Government. the, receipts from
interior points have been in driblctS. II is pos
sible that the delayed shipments Of gold, about
$4,000 900. affected the result. while il Is known
M. in the week trust companies have been fairly
large lenders of money. The result of all the
changes a gain in the surplus reserve Of
S679.025. and the banks held in excess OF legal
requirements Sl2s3j.l7j, against Sl4.s0s.500
in the corresponding week year ago, and Si.1G3,-
$50 in the preceding year.
Tho changes in tle corresponding week il the
three preceding vcarc were follows 1892
IoDrs increased Ss0s 500. cash decreased S3oJi.-
500 deposits decreased Si.9ji,000 and surplus
reserve decreased S5.?27,soo. ls9iElnans az, de-
crras~d Sl4ii.2oO. cash decreased S3.36G,3oo,
deposits decreased S3.j41.s00 an1 surplus 70
serve decreased s?,G'93j9. 1s'orio ans od dn-
Gc,,o IL, increased S53l $50 and surplus reserve
decreased Sl.6it.1j0.
Suboincd is Saturday's statement comnarcd
with the corresponding dates of lsol ana lS'-
MAY o 'oj NAV %. MY q %
,o,,s siO3 Oo1 4o0 :toa $50 700 s4?j 80
srecs 90 ~ goo 100 20? goo 700 ~ ~ 80. zoo
10Y. 'e 4oa Gls 200 So sct o"o 43o 81 200
1, c,l,,lo, , iSO,9)0 573J 200 o'?-ooO
Tho following shows the relations between the
total reserve ard the total deposits at the re-
sIective dates:
s,ie . SIS I5o. 200 400 295hoo s!o.,0s 200
IIga tender, ..... 81 10000 i7s6ol 100 o''i'o'oo
r..e,ye siO5 Cos 800 sl47 7Ci 800 1921 3271oo
sr,ias, deoos.. 10000 so l39o5Gooo 1os4oao-o
. Surlir. .----.--.--. s''''Sc ~ 270
Percentage -
Tie following table shows the percentagH %
reserve held for each bank 1t should be observer '
the National banks are required u keep reserve
Of % Der cent and State banks one OF 10 per CENT
Banks Loans Slrcl"., 20 200 IN aio GOO 200
Ny Nd All 67o0D 500 0V9 sf 90 IL 1880 800