New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-25
Net cash bll. s32 ,32i loo 1,472 69i Dec. sS5
BANK CONDITIONS COMPARED.

by the operations of the New-York Sub-Trcasury
in the week ended Friday night, which included
payments of ST. ,999 for purchased bonds and de-
posits of $4,000 for payment at other points,
the associated banks gained $2,303,l7O. The
weekly bank statement, published Yesterday,
showed an average gain in cash OF Ss,616 500
Money has been coming IN nom every direction,
and the result was ECt widely different from the
known movement. The money has b'cn received
not only from the country, but also from sa' lns'
banks and trust companies, ana from capitalists
who have recently been boarding currency aS
well a. gold The decrease III loans fell short
Of S7jO,OOO. showing that liquidation i'll cons,-
quence Of the easier rates for money has not
been forced. The increase in deposits was smaller
BY over 1919, 900 than the other changes dcmande
and this was in addition 10 discrepancy OF nearly
81 .0OU,000 in the same direction in the previous
week. The result of all the changes was d
further gain OF S7,0Os,250 in the surplus
legal requirements 81 7,609,950 against S3,O5l.-
c,s in the corresponding week a year AGO, and
S4,O0s,l25 at the same time il the preceding
year.
The changes III the corresponding week in III"
three preceding years were made up as follows
Is9?-loans decreased Ss,65S, 500 cash decrease !
surplus reserve increased S1l7,5C0: 1s91-lOan>
increased S3,?2;.60G, cash decreased Sl.2;s.2O0 :;
deposits decreased 1,Sls,300 ard surplus rc-
serve decreased S3,74S,62j: ls10-loans increased
81 ,397 900, cash increased SlG,3s42O0. deposits
increased Sl6,s56,0O0, and surplus reserve III
SubIoined is Saturdays statement, compared
with tile corresponding dates of 1891 and s92
,.n. sept sG g. 81 ~ iG Sg g.o Is, ~ 20 Is 5S5
Specie ..;...-....... o2'tG9lc0 1880, re; 900
bepo.its - zc1GSI 500 4so5s55o5 3S59i7
Circulation j,57O50O 3.6i',2'O lJ6lVfo
The following shows the relations between the
total reserve and the total deposits at the T.
spcctivc dates
sss sSs3 .SS T. 5sso
Reserve ..slo5 loo 500 sl25 lsi, 500 sllS $3.50,
against deposits lOiloo s75 lsc.iso7-' o'9st7''
, Surplus s'oOsis, 9sO'lsS75s sl"oo'a95a
The bank "xchangcs Of the New-Yorll Clcaring
House and the stocks sold at the Newly ork Stock
Exchange last week and for the week of the pre-
cedins two years compare as follows ., o. -.
exchanges ~ sJS5 81, i$s ali g s. 81
THE MONETARY SITUATION
Money on call at the Stoch Exchange was oX-
cessively easy around per cent. Early IN the
week renewals were made at and occas 3nally
at per cent, but the bulk "f the new business
was done between IL and 3 per cent Ih"
tendency was toward greater case, and ~hlie
rates yesterday We're nominal, a few leans werc
made at per cent, and even on fnday, whlCh
practically the close OF the busin'ss week
the hi chest rate for call loans was per cent, ana
in the last hour balances could not be placed al
better than per cent rates Tor 1ime m ohN
was small in consequence of the low price OF cal
money. y few loans were made AZ q pei ceh',
was better d.r and for commercial paper anu
while the city banks are doing little more tllh
granting extensions, out OF town INSTITUTION, ar
more LIBERAL bidders for paper. Money la- D''h
pouring into the city in large volume. and c>-
IDENTITY there Is some danger tia. the supply may
become supctlluous. That some OF 1t has reap
pearc1 from boards which were started by NE
recent dstlust is beyond question. Tie werKlN
bank statement reflects the general movement an ,
the average amount OF loans rcpol 1% o6N Tbc
the deposits by little moro than SN,JVV,O"u me
percentage OF reserve was raised from rs per
cent a week ago. 10 29.G PER cent, against :" pr
cent az the same time year ago ana !"v III NJ
p,oceiing vcar Tic Clearing illusc banks viii
not resume the publication Of dciai statement
until the loan certificates have been riiccIi'N DIV
nearly all of the National banks which are mem
hers Of tho association ere under, too 20 hoai
serves above the - per cent rule. loan ceitii-
Gates are being cancelled with aeinii"ni, p,"",i
ness and the inflow of money viii acccierdl" ''
movement III the European MAJ ke'' money WI
easier at London: practically unchang Il az uIl
and firm at Berlin. ~ Berlin, N iact ,ne III
rate for money ruled Throughout the "'rt "a "a, "a
mp TO the bank rate. which is per emu W. i'. .
Of England on THURSDAY reduced It's o1cla . i% 49,
10 3 > per cent ard the open naiN,t rat W
cned 10 . per cent, and yesterday, when was Il
bali day. 10 | - per cent. H. Gro. half
Foreign exchanges were quiet ~ 'i'' ~ ~ ~ AMI
OF the week, and in the last f." days aclNc "'rn
in sL,rn demand All the tim" rates w'rc
strong The demand was both Tor m ,n,n de-
and security account Merchants VINO II: M
ayed yrmittances on account OF the strlnecni =
in money are now paving their obligations VIM.
sales Of railway securities for Iornigh az r ny
create demand from bankers ,IaVS hin
change on Germany rose 20 nearly inc GOV, , o"i
ping point, but On London and Paris. hoI,,
rates advanced. they arc still considerably po, ",
the price nj which gold may he eXpporu 'nahoble
profit. Earlv exports OF gold are haruA pn,ior of
because 10 Germany without III" inter . ,tnscd
London they cannot re large. TIE marc, ~ -
extremely strong and up 20 the last inon,c ac,iyc
fore the closing of the mails there was an -o
demand for remittance The last rates Wei
the highest for the week nj about ~ - ", Nv
81 So "a for long and short stcIllnS nii'7 o,'nr
those Of week ago of about two cents =" ~
pound sterling
RAILROAD EARNINGS
Tie Financial Chronicle computes ", 90
earnings in July OF - railroads at S1o'o.
decrease OF - 05,329. and The net rSrnl,as .
Of The railroads at SlG,2ap,oll. q IT, do
OF VI ,2g0, 1876, or about 1876 per cen1, q, eoi .
693
Tho Tribune has printed the gross earnings u