New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-04
Net cash bal. s3o,773.137 so, sc5 ga De. 10
BANK CONDITIONS COMPARED.

BANK CONDITIONS COMPARED.
BY the operations of the New ork Sub Treasury
in the week ended Friday night, which included
deposits of sol ,453 for payment at other points,
the associated banks gained $2.lG7. 3Ol. The
weekly blnk statement published yesterday
showed average increase III cash of S6,0j?, 700
IL WAS not clear from the statement whether the
gain due TO Unexpectedly large receipts from
the interior or to the release of boarded funds
In any event, tic result was highly encouraging
because 1t proved a partial recovery OF confidence
The furthr contraction in loans by S3,43S. 100
was probably a reflection of the cancellation Of
advances made i'll encouragement OF gold l,npor-
tations The increase in bank note circulation
again exceeded 100000 on all average. The
actual condition of the banks was better, I'M
doubtedly, by several millions than the average
showing Tie details were not altogether CON
sstent because the increase in deposits WIS largr
by nearly 81 100000 than the other changes de-
handed The result of all the changes was gain
in reserve of S5,17O15O, and the deficit under the
% per cent rule was reduced TO 81 ,597,j2i. Al
the same time year ago the banks held Surplus
of s7,6SO.5C0, and in tho preceding year one OF
S9,156,400.
The changes III the corresponding week in the
three preceding years were as follows lo'!-loans
decreased 81, 5000. cash decreased Si,276.40O
deposits decreased $s,o,6.l 90, and surplus reserve
decreased $2,257, $780, iSHl-loans Increased ST.
233,3O0, cash decreased SO, 10000, deposits de,
creased S5i:.500, and surplus reserve decreased
e3,sll,425; 1so0-loans increased 81, LOO
cash decreased $50, 0G0, deposits increased S3.:i9
500, and surplus reserve decreased So6441o.
Subjoincd is Saturdays statement, compared
with the corresponding dates of SOL and s92
ssgs 80 s co.. s ssG 49, s So so. sSt 80 Ss 6
ff Spssteadcr: - ossSSS 5SS
Circulation IU ... 100000 5,4SGsoo 99il0
The following shows the relations between the
total reserve and the total deposits at the re-
spective dates:
sPs saad '5iSeSS
Reserve ... sio9,s6s 800 eI3l ssI 800 s9l 985 900
ssss-t deposits ioo7l2iOo le7,25laoO os5oa 5.5
surplu. ..-...~ sol5O,a4oo s7,OaOSoO 'sl,'C7 ses
Deficit.
The ban! exchanges of the Ncw-York Clearing
House and the stocks sold at the New-l York Stock
Exchange last week and for the week Of the pre-
cedlns two years compare as follows:
Exchanges g & c 49, sS SS! 3 cs g. sS' c go
No. shares sold 2,ill6j@ l,G0S .eJj 1,21a,12l
TIE MONETARY SITUATION
There was again distinct Improvement in the
local money market Ii was naturally most pro-
nounccd IN the rates tor call loans at the STOCK
Exchange. which ruled at 3 and 4 per cent. Tie
extreme range in the week from 10 per
cent The lnghcr rate was made OH Monday,
but little business done at that figure, ana
from tat time the tendency 10 case was market
The rates for money on time Were a true les'
stringent, but the offerings were not liberal Some
lOans were made in small amounts at about II
per cent fer sixty and ninety days IL remained
apparent that lenders stu preferred 10 keep th"ir
funds under Immediate control rather than 10
place them at fixed periods even nt the hlsn
rates of interest Tie market was affected not
only by large imports of gold from Europe, Dllt
also ~ large recC ipts Of currency from tile IN
terror Country banks showed an inclination to
discharge, in part at least, ,he'r opllsa,iione =,
pay the heavy rate: insisted llpon fCr ovcrtual,s
and overdue paper The weekly bank statement;
morover contained hints that money which had
been boarded 10y private persons and, perhaps, ~
banking institutions was finding It's way gradually
into general circulation. The European MAJ kct'
f..p
of England made no chang. IN It's ofIcial rate
which remains at , per cent, but IN IN" open mar
Ike; i'm London discounts fell on Friday to . 1.sa
, 81 Der cent although they we've q triii" stli'"f
vest, rlay. 4 difference Of | ref cent between
the bank and sti\et rates renders reduction III
,he oGici, rate prob1hle At Paris the street rate
for nancy was . "A per cent Throughout the week.
and AZ Eprlin tho rate also was steady, varying
bnt slightly from IA per cent.
The for,ign exchanges generally were 9uic', ana
they were much les ire yuar than they have
been Tor several weeks. They very ihIuehcoi
partly iy tie disappearance OF the pi,lniuh' Oh
currency IN this market, ana III Il snai'' 49,
hv tho dc,liue i'm rates N money in London. To-
ward the end of the week the inafh'I var , iI",o
ACTIVE and on Lordon rates were dis'lneilN hi9hri
but ON Continental points they were i'm without
rLa,oe a. usnal Their. was little doing y"stcr-
day, but ;llc iirmness was maihtuheu a' , r,r
highest rates prevailing on the previous u az o.
market closed strong at 81 50 ~ ana - sn -
for long and short sterling bills respectively
Compared with the prices Of n week ago, t,e rates
for sixty day bills are unchanged. ana l"r uc'n""'
drafts about a half cent 70 the io"o''
RAILROAD EARNINGS
The Tribune has printed the gross earhi M .I =,
sNty-lrce railroad companies or systems loi ims
third week in August. or me huhirr' -. no,
companies return gains Of S42,G'4, or - pei
cent and fifty-one companies losses OF Sl,?s."-
s07 Tie total number shows decrease OF 81
1898, or 10 per cent.
Third week In August
1892 Is9, Differences. ,. =
70 conn snie, 81 oiGiI7 ~ 25s 191 In - 20
81 companies 1890 s5OJ,ff' Dec I'--''1V' -
Total es c's 81 sJse73 6IGs.5ao Dee sllsjiS" 'o''
THE WEEK IN WALL STREET.
Speculation in stocks last week wa. m r
active but its character was not changer. me