New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-16
Nct CO ri bal. s9s2l7 1876 s27 O3i.6i7 Dee. @'.2
BANK CONDITIONS COMPARED.

Nct cash bal. s2S.2l7.4 36 s27O3i.6i7 Dee sj2's9
BANK CONDITIONS COMPARED.
BY the operations of the New-York Sub-Treas-
ury in the week ended Friday night, when IN
Guided payments of s26 49S for purchased bonds.
the associated banks gained S2952,9Z9 Inc
weekly bank statement published yesterday
showed average gain in cash or sS552 400
The increase in specie was larger than had peeh
expected. although all Treasury disbursements
were paid in gold but these accounted for less
than one half of the gain. Where the rest OF
the specie came from is question which may
not easily be answered. On the other hand the
receipts OF currency smaller than the
There further increase in loans OF $23'4-
200, WHICH was due principally to advances on
osrain and cotton for export The statement
was not only consist INT in its details because
the increase in deposits was larger by over
sl.j00.00S than the other changes demanded,
l'ut this was merely further correction OF
previous discrepancies in the opposite direction
The result Of all the changes gain of
Si.267.3 25 i'm the surplus reserve. and the banks
now held in excess of legal requirements $50, $685.
90 against $J39O59 in the corresponding week
Il year ago, and 5000 700 at the same time in
the preceding year. The banks becoming
burdened with money for which they find 1T
difficult find profitable
The changes in the corresponding week in
three preceding years follows: 1892
Loans decreased s3,173.100 cash decreased S.
$500: deposits decreased 81 700, and sur
plus reserve decreased $,39I,l1J. 1S9l-Loans
increased s2.52,0Oo; cash increased A,4sT,3oO: de-
posts increased SS.3Ss. 800. and surplus reserve
Increased go 800 225. 1s9O-Loars decreased s71o.-
400: cash decreased si.3l0 600 deposits decreased
s5,2246oc. and surplus reserve decreased 1904
so
subicined is Saturdays statement compared
With the corresponding dates Of 1891 and 1892:
sy G 30 q. as 3 90 . Ssl + %
.@'s,i.endcr, -.. asiIfsS, s.ssS3$o .4S@as,3co
tsr s' - 7S 49, 100 TITO 9i i SIS
The following shows the relation between the
spcctive dates:
specie .......:. s75.eoooeo s7l7s2,sco seoa.o4oo
Reserve .... @II28i4Coo .i17 I'D 500 sls7 100
ssiln.. deposits ls:s'ooo 17,caa7ao 1osl14oao
,; sss,l", aOs?3OP $500 sI's'oS '9
The bank exchanges of the New-York Clear
ing House and the stocks sold at the New-York
stock Exchange last week and for the week of
the preceding two years compare as follows:
scasass. ss s. s. As, -
THE MONETARY SITUATION.
Money on call throughout the week easy
at and q. per cent Renewals occasionally
were made at per cent and banking instiu-
lions insisted on per cent. The average rate
for demand money at the Stock Exchange
below 20 per cent In consequence of the con-
iinued accumulation of idle funds. rates for time
loans showed a weakening tendency but the
demand was not heavy. and in this market the
situation was not materially changed. For short
dates some loans were made below per cent.
but for four and six months. the rates ranged
from , To G per cent The city banks still
reluctant to make engagements, except for short
periods and then only on the highest grades OF
collateral security. In the uncertainty attend
ing financial legislation they evidently pre-
ferred TO accept low rates on call rather than
Ia lose immediate control OF their funds. The
banks continued rapidly to cancel loan certi'i-
Gates and the amount outstanding was reduced
ha
take not more than week longer TO cancer the
entire issue. When that shall have been accom-
plished. if the inflow Of money should be main
tanned its recent scale, the money markets
will return to entirely normal condition
There was trifie more demand for commerclai
paper. but it came chiefly from out OF town IN
stitutions and private lenders. Offerings OF
paper were fairly liberal. but there was no pres
sure reported from any direction. The price Tor
the best double names was usually 7MS per cent
In the European markets there was no discern
Idle change. The Bank of England did not re-
duce its minimum rate Of discount which re-
mains at 3 per cent. In the open market, cary
In the week, the rate OF discount extremely
easy at l% per cent. but II hardened slightly,
although the highest rate for spot cash was
y. and for money to arrive rs per cent On
The Continent the street rate at Paris remained
unchanged at "a per cent, but at Berlin was
hrm even If not materially higher. at 4psM4%
per cent. The bank rate in both Germany ana
Holland Is 5 per cent Both countries are re-
ported to be drawing gold from Paris and Lon
The foreign exchanges were irregular and not
Specially active. At the opening OF the week
rates were lower I'm consequence Of large ar
nyals Of cotton bills. and on Monday demand
sering declined to 1874. At the decline there
sSss an increased demand, and the supply OF
:Snmercal bills was quickly absorbed. On the
.<-owtng day there quick advance or lc
gound from the lowest point and since that
~ the market has been firm, with generally
S1rong upward tendency. On Friday. when II
sHhown that vote on the silver repeal bill
AE Senate could not be forced. there was
9er sharp advance I'm rates. There was
folng yesterday, but the market closed