New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-10
Net cash bal. ss9, osl ,252 s3e54s'eas Ire.
RANK CONDITIONS COMPARED.

se.r. . 100 oooo 900 1oo.OOO0oo -.
Va. o.s,h., $50 os1 o52 $50 54s sos Ire. si5744O
BANK CONDITIONS COMPARED.
Hy the operations OF the New-lorK SUD
Treasury in the week ended Friday night, wiuch
includad payments Of S92, 942 for purchases oil
Pacific Railroad bonds, the associated banks los'
s1;2a7Al The weekly bank statement pup
lshed yesterday showed an average loss IN eash Oh
ssl5s.700. This result brought CONFUSION 70 eN-
merit estimates Of the interior movement OF cur
rencv but il should not be overlooked that IL
reflected the outflow in the previous week ra'hei
than the lateet movement In the last lew Gays
there has been a small return flow, but IN the
st.t.men. Of averages il counted for very little
In this red kct it may I've said that the state
ment was made on rising averages, although ~
il doubtful if the adflal condition OF the banks
a. the end of the business week was much better
than the showing. The increase IN loans eN-
cPeded So 200, 900, and they now are larger tiah
the deposits by over S20.000,0OO. As the issue
of loan certificates amounts TO over SZs,?oo'VOV,
il would seem that no substantial reicl was
likely TO be felt Immediately In the lnSney mar
kets The result of all the changes was a inrtner
loss in the surplus reserve Oh SV,oo',, ~
and the banks now hold S5,OSl, 30O less IMAM
legal requirements, against surplus of Slo,,
551O25 in the corresponding week year ago, ana
one of Sl4,542,O23 in the same week Ill 'hc pre-
The changes in the corresponding weeks IN the
three preceding years We're as io G"cTeased S
ass 900 deposits decreased 81 ,s63,4OO and
snrplus reserve decreased S023,o3o iegi-
oans decreased Sl,642.90o; cash increased ~,
sn,nlus reserve incaeascs iS2,436125. 1890
loans decreased $2,276,1 200: cash decreased So
$4,000: deposits decreased S3.eH,7oo, ana sur
plus reserve decreased S2,5O9,o'o
Suhioned is Saturdays statement, compared
with the corresponding dates of 1s9l and 1892
July II, 81. July 9. 'e2 July & 81
endci. 800 $50 80 200 5So aS 81 so aS SS
sISi;It. 'O $a 1895 '' S5sSiSo SiSscS
The following shows the relations between the
total reserve and the total deposits at the re-
spective dates
f,s tenders, 'sssS ' SssSS 81 ss
Reserve Sis 24o 900 si4s 25o7co ssa 800
A ssn., ' dspas ,ooeassS 1ssos2os esoeesg0
ss.ps: . a4SaasSsSi sl'''77 81 e. '''0sa 81
DeScit.
House e and the stocks sold at the New-York Stock
Exchange last week and for the week OF 'ho
preceding two years compare as follows:
'ssi s:'' Il ivy sss
THE MONETARY SITUATION.
Rates for money were decidedly castor. On
Monday call loans at the Stock Exchange ranged
was because loans extended until Wednesday.
These wero the highest figures for the week, and
there was q gradual easing OF rates until Friday,
when, in the last hour, the demand was 20 large
lja20 per cent. The average rate for the week
Was probably about s per cent. so far as call
loan. are concerned the market has returned to
below 6 and per cent IL is the season OF the
year when ordinarily receipts of currency from the
interior should te large sSn s critics, like MI,
ing currency and from other sections OF the
ooIIntry,the demand for accommodation has c,ased.
The receipts have been small, however, although
encouraged by the fact that some OF the city
banks have offered 10 pay the express charges on
currency The market for time loans was un-
changed. For so and 90 Gays money ,coua NE We
had at o commission OF from ~ 10 per cent Ill
Idit;on 70 Ieral interest One lender. " ho always
Keeps Il large amount of money on laho, eAac,Su
per cent prem um Tor 81 uaSs w'' "sns fn,
rate for the loan Is per cent year LDaIis ; zoe
iono.r n.rjods we're simply out OF The question:
Tic condition OF the city banks representa- ny
the statement Of averages pu2ls'eu oiT, nv
6ica,ns that the money market Will recei'c 10
important relief in the immediate future Al
the same time there was among banK GlIeels a
more cheerful feeling, but this seemed 10 " 1850
upon the expectation OF increased Teceip'9 VI cui
yencv from the interior Clearing House loan Ger,
tifcaes to the amount of 81 ooc were ctnceii'a
on Friday, but on the following DAY ,ei" WI
fresh issue of S5OOO0o, ana INC aho"" ~
ing exceeds $40, 100000. .;x, ,,o
several city banks would be glad 10 fetiIe ''ic
certificates which they have taken OUT anu !,
possible that several millions VIII DE cdhofiiE =.
early this week One bank. In 1act' paiu ~
exchanges Yesterday in currency. although !. ,,a
large amount of certificates on ianu lills VI" w
done presumably for the sake Of relieving I rho
currency necessities OF weaker lnstltu'ions. ,h.
scarcity OF currency is proved by the. :act ,nd'
every dav last week the Sub Treasrer WAS cr'u,
itor 10 the Clearing lious,. hanks Wi;Ich ~
Treasury drafts presented them inimediateH az "
Sub-Treasury instead Of sending them throu9h tiim
usual channels They had the use Of the cnrre,ngy
few hours earlier than If the chccks ian ;scd
the usual course. The European markets &c n'i'i'u
quiet and steady. The disturbances IN PARIS ma.
no effect on prices AT the Boursc. and in the oprn
market money was in abundant supply at apn.e
Ala Der cent. At Berlin the open inarh"' ~
Welded slightly declining from 8 IN 10 -
pr cent In London. the Bank OF Eng anu hia a',
10 change i'm its minimum rate OF Discount, put
IN the open market the tendency ofdiscohn', W.,
downward. and at the close Of thc week 'n'y
were offered at is per cent, While d3lly plliH'"
could be- had ut l-2a3-4 PER cent.
Thr foreign exchanges were irregular hut ''F'u
and higher One reason for the advance vas %,
course. the lower rates for money: I!c dcnl,nn
vas small. however. because lceitlii1te dryers,
importers Of merchandise were nnaD'e TO secure
money with which 10 max" Temttances. he
ecniequence was that the PRINCIPAL business was
bankers bills either in anticipation ~ Ship,
heats 81 merchandise or for interest and divio'an
ss5mcnfs The market closed rather heavy al