New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-20
PILING UP CURRENCY.
A GREATSTORE IN CITY BANKS
AN IRREGULAR STOCK MARKET-MOST OF
THE TRADING PROFE.SSIONAL-NECE
STTY FOR A GOVERNMENT .ls,
sG'
BOND ISSUE .Ho

SlI1 FOk GOSEKNMENI
1872
BOND ISSUE. -w
Sunday. November 1872 m.
The United States Treasurer received last
week from customs s2,7+,O19 from internal rev.
enue, $2.777, 653. and from miscellaneous sources
$692,s44 total from ALL s6,214,5l6, against $685.
SAB in the preceding week material increase
in the receipts from customs was Offset by the
falling off in internal revenue receipts. The
greater part Of the gain reported was obtained
from miscellaneous sources. The weekly Treas
ury statement shows decrease Of 81 24S In
the net cash in vaults and a decrease Of $780,
9s7 in deposits in National banks. The reduce
ton in the net cash balances, according to the
statement. was s2,1so,lS5. Although there were
small losses in both the gold and legal-tender
balances, the largest decrease was in the sill.
yer balance.
The principal changes in the vault balances
were made up as follows: A loss in the gold
balance Of s1S9,766 by decrease Of s3O9596 n
coin and bullion, less a reduction Of sll9S30 in
the amount Of outstanding certificates; loss
in the silver balance Of $24210f6. by an In
crease Of 49, 702 6Os in the amount Of outstanding
certificates and Treasury notes, less gain Of
s2s1. 562 in coin and bullion, and loss in the
legal-tender balance Of $255,377, by an issue OF
S. 800, 900 Of currency certificates minus an in
crease of s3,044,623 in notes. The holdings OF
National bank notes were enlarged by s73694l
Treasury notes to the amount OF sll1,000 were
issued in payment for silver bullion, and 1t
may be presumed that this is nearly the last
issue ON that account. The sum of 1852. 1886 was
ressued in the course Of business, and the
volume OF these notes in circulation asAex-
banded by $685. 935. Including small amount
held in the Treasury the issue at present
amounts to s153531 $50. The Treasury's LA
bility for the redemption Of National bank notes
was lowered for the first time in several weeks,
but only by a small amount-namely, $lS,534-
and deposits Of lawful money on that account
are now s21 233676. In consequence OF the small
holdings Of currency, Treasury disbursements
were made principally in gold coin, but 1t IL
satisfactory to know that the loss was not
large.
Subjoined Is Saturdays statement compared
with that Of November IL:
Now IL. Nov Is. Differences
Gold coin and
tifaates $780,. ss5 rlo14o ss5 2o,37i Dec. slss7ee
U. 5. notes less oxx,7,
s s Ssas note; ,sGS5 i HsS 1854
Silver dollars and
tinesus .'..'... 7eo7,3il 54sS,295 Dec. 242l o4e
Cash in Treasslos5lo72i slO7 ASH 40 Dec s2l2s24s
BANKS banks IN n,oas,ss3 llso7,sic Dec 6oes7
Total balance si2 $50 557 sIl93793e2 Dec 81, lso2sS
Less 800 900 900
serve '......... 100 100000 100 100000
Net cash BAL. s2i 55e557 sio s7os Dec lsoass
BANK CONDITIONS COMPARED.
Ry the operations Of the New-York Sub-Treas-
ury in the week ended Friday night, which in'
cluded deposits OF $4,000 for payment at other
points. the associated banks gained $S3sZlS
The weekly bank statement published yesterday
t. oh ~
Receipts of currency from interior points were
extremely heavy, and they came from almost
every section OF the country. The increase In
specie which amounted to only $l,2l9,4Oo, fairy
represented the Treasury disbursements while
the average increase in legal tender notes BY
s. 59S 400 was not larger than the known move
ment Of currency had indicated. The surpris-
ing feature OF the statement was decrease OF
81 253 200 in the volume OF loans. In the last
two weeks deposits have increased by $lLZn'oo0.
on an average. while loans have been reduced
by s650500 There is no reason to suppose thas
the banks have not been eager to find prontaoe
employment for superfiuous funds. and their
inability to do so is indsputable evidence OF the
stagnant condition of speculation and trade.
The statement was again unusually consistent
in its details although the increase In deposits
was smaller by over $500, 900 than other changes
demanded. The result Of all the changes was
a further gain Of s764l,75O in the surplus re-
serve and the banks hold in excess OF legal re-
quirements s65.470475 against si56oP25 in the
corresponding week year ago, and $l3,S22,Io0
at the same time in the preceding year
The changes in the corresponding week In
three preceding years were follows: 1892
Loans decreased, sl,736,5O0; cash increased, ST.
O29, 200; deposits increased, s5SS,7oo, and surplus
reSarye increased 81 go o05 1Sql-lOanS In.
creased, s55,4OO; cash increased, 1921 200; de-
posits increased, s5.4O2,4oo, and surplus reserve
increased, s3s7O,6OO. 1ssO-Loans decreased. S..
$780, 700; cash decreased $3O0,400; deposits de-
creased. s4,Sss, $780, and surplus reserve increased.
$922, $50.
Subjoined is Saturdays statement, compared
with the corresponding dates of 1891 and 1892:
Nov. 81 '9I. Nov. 10, '92 Nov. Is %.
IONS ...~---.sios e04 800 si!42;5a9o si9l 1882
Ss;a:,. sSssfsSS ssSs 80
cr ISisi s7isoo 5dSeiSo 1000
The following shows the relation between the
total reserve and the total deposits at the
spectve dates:
Iega.tenders ....... Sovs2ioo sosij4Oo sI.iI7sT
Reserve sis 1903 200 sIi7 COZ ZOO slsl 6lI ;O5
against dspo'is. los 5so45o 1870 s775 nsI7lo25
Surplus sis ss2 e. s''7os1S so'4'OsTS
The following table shows the percentage OF
reserve held for each bank. 1t should be OBJ
served the National banks required to
keep a reserve Of % per cent and State banks one
OF 10 per cent:
SSS % sSS Iso. s e.
Man s; 900 600 si5SS 2StSS SS iSSSo
E A% soSS ssssSo l7GsoSo So
ssah Sa' 6SsssS l5ss 81 s.
Trades Nat 2.205lOO 20 loo 9Gs,5o0 = 032.a0o %
th.fnN uf l.sD sot NM A ,