New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-28
ENCOURAGING SIGNS.
GRADUAL UPWARD TENDENCY.

GRADUAL UPWARD TENDENCY.
MORE HOPEFUL CONDITIONS IN WALL
STREET, THOUGH TILE MARKET Is
STILL SLUGGISII-THE GROWING
HABIT OF ENCOURAGING
FIRMS TO RECKLESS
SPECULATIONJL-
Illustrated.
Sunday, August 27-p. m.
The United States Treasurer received last week
from customs, $2,5s6, O43; from internal revenue.
sa27s9OO, and from miscellaneous sources,
sl25,O56 total from ALL $4,9S9,099, against
s4s22,2s0 in the preceding week. The receipts from
customs were trifc larger, but as rule they
have been falling slowly for several weeks From
internal revenue the receipts were about 100000
larger than they were in the preceding week, but
=, least a half million dollars less than they were
three weeks ago. The weekly Treasury state
ment shows decrease OF $l,5l3,645 in the net
cash in vaults, and an increase of S33,j65 i'll de-
uosits in National banks The reduction in the
net cash balances 81 ,4S0,0s0. The promi-
uent feature of the statement was the loss in the
cold balance and the legal tender reserve of
500, 000, 900 again has been seriously impaired.
The fact eXctcs 10 comment or criticism, and the
loss in actual coin larger than that in the net
balance The Treasury, il is well known, has
been paying out gold coin in consequence Of its
lack of LEGAL tender notes.
The principal changes III the vault balances
were made up as follows a loss in the gold bal
ance of $2,2l9,2ls by loss of S2,66i,195 in
coin and bullion, less reduction OF $442,3oO in
the amount of outstanding certificates; a gain in
the silver balance SHALL by reduction of
S7sJ,7s0 in outstanding certificates and Treasury
notes, minus a loss of S3Il ,64S i'll coin and bull
ion: and gain in the legal tender balance of
s2G4263, by an increase of S464,263 in notes,
less an issue of $4,000 of currency certificates.
The holdings of National bank notes We're reduced
only by Sl32,s3l. Treasury notes to the amount
of 1892, 900 were isS ed in payment for silver
bullion, although the Treasury has continued its
recent policy of accepting offers only on the basis
Of the London price of bullion The sum of $780,
324 was received in the ordinary course of bust
ness and the volume of these notes in circulation
was increased consequently by $5l2,324. Be-
sides nearly S5.O0O,OOO held III the Treasury,
thi. issue amounts now TO Slij, 362,34O. The
Treasury's liability for the redemption of National
bank notes was reduced further by S24,361, and
the deposits of lawful money on that account TO
S2O,l96,ls2.
Sabjolned is Saturdays statement, compared
with that of August 10:
Aus.l Aug % Differences.
bullion less Ger ,...o
uhcats ..slo o''t ~ str 20 Dec - -'"'-'o
x. ss. n.: l9S be Be- e. ie 81
r",licN e., GER
tihcaies ...... 1.5o7oio 2on.1s7 Inc. 4Alil
Cash in Trcasslo75sj SIS Sis 2ii ss Dee 81 5iJci5
banks ....... l24o4 $50 1.,5es 2G4 Inc SO 5G5
To al alrc'. S.c53 III 80 1879 Dec sl,isOOsO
serve -. 100 900 o7c 1ooCOoooo
Ne: cash bal s5.25},917 s;o77s1s7 Dec 81. $50 Oso
GANK CONDITIONS COMPARED.
Ey the operations of the New York Sub-Treasury
in the week ended Friday night which included
deposits of .S1j9.25i for payment at other points,
the associated banks gained S3.1.i.sl0 The
weekly bank statement published Yesterday showed
average increase III cash of Sj,S52,JO The
greater part of this gam was IN specie, but one
OF the most encouraging features Of the statement
a small increase legal tender notes, be-
cause il Indicated receipts from the country. The
movement of money was against Newly ork, but
the shipments generally were in gold and the t..
ceiptS III paper currency. Tie reduction oil nearly
$4,000. 900 in loans was probably continuation
Of the movement begun last week III the hqllda-
ton OF loans made III advance OF gold Imports;
the increase in rank EOtc clrc'tidtlOn exceeded
$4,000, 600 in loans was probably a continuation
OF the banks was considerably better than the
showing. In IFS details ,hc statement was fur
from being consistent Ihc result Of all the
changes was an increase in rrsriN" Of Sj,30s -,
and the deficit under the ?, per cent rule was
reduced 10 Sc. 137,G1j. At thc same time y"al
ago the banks had a surplus of Sp.Ss;s'6, and
in the preceding year one of >l2.'G1.s2j.
The changes in the corresponding week in the
three preceding years were as follows Ie2:-
loans decreased ~ .3s6.6OO, cash decreased 81
300. deposits decreased S7,33C.sO1. and sur
plus reserve decreased S2,49l 900; ls9l-loans IN
creased 81 s9l 500, cash decreased 90. de-
sod
creased 81 ,3Il ,91J lsH0-ioais decreased ~
$4,000, cash increased Ss15,400 deposits de.
Sl,976,S0o.
Joined Is Saturdays statement, compared
with the corresponding dates of 1891 and lNo2:
,o,n. Aas - aa5 & s ses g. o. 400
fS ss, tender: g 1888 8 sssSS 5Y
Ss sco 900 s7s4s soS
The following shows the relations between the
total reserve and the total deposits at the re-
spective dates:
spsse se91s9 200 ssl 500 300 sSS go sG 90? eco
Reserve ....sIi30is, 500 ei3o. l5s 200 sa5ss2 300
aeans. deposits loos,oo75 ,eoe7Oss5 seCoo75
r.; sss'.; sls7d7 s. s g:
.Dehcit
The bank exchanges of the Ncw-York Clearing
House and the stocks sold at the New-lorll Stock
Exchange last week and for the week Of the pre-
ceding two years compare as follows
Aug. %. vi. Aug 81. '92, Aug. 2G. ~.
Exchanges $40 u 9es s555 5s7 - 1884 ,s2i sa
No. shares sold. l5iG3lO l.4092Jo 75G,3O'
TIE MONETARY SITUATION.
There was better feeling in the money market.
although rates for call-loans at the Stock Ex-
c..angc ruled little HIGHER. On TUESDAY thor
was bit Of furry in the last hour which carried
the rates 70 per cent. Since that time renewals
have been made generally AT per cent ana the
hulk Of the new business al 4aJ per cent. Tho
market was nominal. rs usual yesterday, but
small business WAS done at 3 per cent. The
average for the week on bot renewals ana new
loans was pro- ably not far from > Per cent Money
on time was still unobtainabc, except at com
missions which made the price cNorbitant WHAT