New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-17
Net cash ball. $50 SIS COS sol Inc s. 81
RANK CONDITIONS COMPARED.

EANk CONDITIONS COMPAKED
By the operations of the Ncw-York Sub-Treasury
in the week ended Friday night, which included
payments of $l4l,5 for purchases of Pacific
Railroad bonds the associated banks lost $500
1928 The weekly bank statement published yes
tcrday showed an average loss IN cash of S3l3,lOO
Py contraction of loans TO the amount OF
S5,1s6,l00 deposits We're reduced by $i,ooo,5pO
and legal requirements by S1,i2G,325. In spite
of the loss in money, the result of the changes,
the seS w Sndsr eln per cen rule was
10 $4,269,l00 AT the same time last year the
banks had "A surplus Of S20,207,l50 and In the
corresponding week of the preceding year one ol
SIs,4s0,C75 The statement was. devoid of
feature, aside from the shrnkase in loans and
deposits. .,- :; ,,o
three preceding years We're as follows: lS"3-
loans decreased S9,751 400, cash increased 81
esoO depGsits desrsased Iaa sur mr.
creased $x55,500, cash increased S5,45 900, de-
posts Increased s6,Ol 400, and surplus reserve
SS45.600. cash decreased S997.40O, deposits de
creased $l,sos,aeo and surplus reserve decreased
Subjoined is Saturdays statement, compared
with the corresponding dates of e9i and leV2
Loan. July !; 'sIs IS "a !Is
b. tenders g q s
The following shows the relations between the
total reserve and the total deposits at the re-
spective dates:
Spe eS 500 500 geo S g 2 2Ss s SS
Reserve ..s12o, COZ 400 sI5l, 1880 s@,274,4oo
Regain sgnns. rS SSpo eoa75 isoeoO5o
sqrps. sls.as0SS55?5 saO'a0791ssSS 1929 aGss
The bank exchanges of the Ncw-York Clearing
House and the stocks sold at the New-York Stock
. Exchange last week and for the, week 0; the
preceding TWO years compare as follows:
,p,ss. asy & 's' 3s 3s 5E 3.
THE MONETARY SITUATION.
While the call-loan market last week tended de-
cidedly toward ease, the monetary situa'ioh, as
Whce was improved more III sentiment thah III
fact Call loans opened AT l?al1 per cent D'o
By the middle of the week the rate had lalieh
to per cent and at the close the rate was easy
figures. although THY were not slenlicant OF Ih1
market, and average rates may ialIy DE caiie'
1as Der cent Some business was done on tim"
az per cent for moderate periods, and perhaps
time funds may be said 10 be IN better supply
Nevertheless the offerings ale IN no wise au'-
quite TO meet the demand. and Lenders continue
10 exact commissions, which carry the price ot
time transactions 10 l0al2 per cent. Tie Dusl,
ness done in commercial paper was ri hin air. d.
merchants do not qulbhle over hish as
counts when they are fortunate enough
10 secure accommodations.
That money may be called easier only in com
parson with late extreme stringency Is proved
BY the fact that cancellations OF Clearing House
loan certificates were more than offset ny ir'sl
issues. the TOTAL amount OulStdHuiHE d'
S221 40 900 "a slight increase over the preceding
week Moderate amounts of gold were received
in the week from England and from South Amer
lea There are reports of small sums of the pre-
cious metal ON the way from Europe. but singular
Ignorance is shown by foreign bankers here.
Even the tri1ng demand i'll the London open
market has advanced the price Of bar gold, ana
upon MANY vet undetermined factors depends the
question whether foreign money shall more freely
come to us. he European markets are slightly
easier discounts ruling at l-S per ceht at faris
. 5-s at Berlin, > "a at Frankfort and closing a
shade irner at IS per cent at London
The foreign exchanges have been easier because
Of the smaness OF the demand TO- rtnn' S.
curtcs for London account. There was a si'. IN,
recovery from the extreme low rates ana 'is
market closed fairly steady on tie pass oi
81 81 ,-iaSi So for long sterling and ~ 50 o-4a
- "a for demand bills.
RAILROAD EARNINGS.
The Financial Chronicle publishes gross earn
ings Of li3 railroads for the month OF Juhc
az s43942,556, an increase OF y, so OF
The increase for the sN months OF The YER y
Slsi45,022 or ABB per cent But ne .hr.o
ce's' report Of gross earnings for fortN-thr'"
roads in the first week of july shows net o'-
crease Of 333 rcr cent ~,
The Tribune has printed the gross earhrnes %,
nrst week in July. OF the number twenty on
companies return gains of Sl47 .662. or .; s,d pr
cent and twenty-hrce companies LOSES oil sbo,s
decrease Of Slj3,90s, or 81 per cent There liNr
'lso been printed the gross earnings OF siNIN-
SIX road, for the fourth weck in june ~ me
number forfy-one companies return gaics OF Soo''-
i49. or 10 per cent and twenty-five comp -
losses Of S27s,6Gl. or O." per cont Tue wh"',
number shows an increase of S2se,5sS. or u
Per cent.
First week in JULY 1892. 1893 DiGcr,!c - j., e,
n eomIan Gsi. c'5 81. .Gs7 Inc q o. =, =, -
* comp nles.. os7. AIS 2.eSj,75' Dec. on ~ ~"
Tal a. co.'s 50 0Gs. 443 s5,5l4A45 Dee. .l53"s -
q companies 900 a'7 20 10 20 Iuc. s-G7 TO 10
y comp nics or. III 745 SO De. "7ei Gl %
Total GO cosss CPS ooi ss,9I1.Os2 Inc. s.ss,3ss 81
THE WEEK IN WALL STREET.
The stock market last week demonstrated that
financial necessities rather than the merits OF