New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-18
Net cash bal s29,775959 $50 ,S24.156 Inc s2''ls'i
RANK CONDITIONS COMPARED.

cash bal. SO, J.J? S3-o-f'l'' i''. --''o''
BANK CONDITIONS COMPARED.
p, tbe ope,ations of the Ncw-lork Sub
Treasury in the week ended Friday night, which
included deposits CT $4,000 for payments a'
other points, the associated banks gained ciV1,'
al The weekly bank statement published Ncsui-
dav showed an average gain in cash of 5000
500 The result was surprising, because treasury
disbursements had been small and receipts from
the interior were estimated at only apont
{ 1000 600 in the aggregate. From the uneA-
pected gain il may reasonably be concluded tlHt
large amount OF money hGarded III uuSi
comnsnv OF safe deposit vaults has been restored
10 general circulation \ further contraction
of loans by over SI,OC0,0O0 undoubtedly was
due TO payments by country banks of advances
end extensions The increase III depositsl was
smaller by nearly 81 100000 than the other
changes demanded. but this was no more than
correction of the diserepanTfEy in the onPOI ,
changes was a rain Of S7c35,32j in surplus
reserve and the banks now hold SlO,6ol, 200
IN excess Of legal requirements' againtt
year ago, and -, 100 at the same time Ill tue
The changes in the corresponding week in the
iiree prcc dias years were Us follows: ls92-
Loans decreased S6,s0S.900: cash de-
creased Sl,97j,4oO: deposits decreased ss,"92, 900
and surplus reserve increased S"',6OO l'"lI
Leans Increased S3013,3c0; cash deceased
s3i74os: deposits increased $3.50. 800. and
surplus reserve decreased S3GC,o?j. 1890
Loans decreased so2s,4Oo: cash l nGd s%d
surplus reserve increased S5.212.l25.
subjoined j. Saturdays statement, compared
with the corresponding dates OF 1891 and lS02
Loan, SEQ rs 80 go SEPT Ii go 500 S IS $50
s G5 5ssco g ilSS sSS
deposit, IN. ioG55s soc i9l sSG 900 37727tGo1
Circulation ........ j,503s 500 jGO3GOO LIB 600
The following shows the relations between the
total reserve ard the total deposits at the re
spective dates: .o..oo .-.-,,ooo ,-a,.oo oo
s.,enae, 's a5 SO zee So 'ftSsgSS
Reserve SlC9 1876 700 1877 s3s 800 %lOi,92O Ice
against deposits. 1Oi 500 isee'o2 e5 oss4co
p., ss5g.: 'o .GS ''7' .@5 'loo''s5 50
The bank exchanges of the New-Yolk Clearing
House and the stocks sold at the New-loik stock
Exchange last week and for the week Of the pre-
ceding two years compare a. follows: 80 ~
,,0,o, SGT "a ~ 2e ~ Il g ~ ~ 1 81 s
No shares sold 80 2,Gs5 OOi l.7Gs.4cs 1,cj9s72
THE MONETARY SITUATION
In the local money markets there was no ma
teria change. Money on call Eat the stock IN
change was easy throughout the week ut from
: to ( per cent, although renewals We're gcncr
ally made at ) per cent, and banks and trust
companies as usual fixed the rate at 6 per cent.
The bulk of the new business was done at ilttle
over per cent. The supply OF time money was
al time large, but strangely enough the tic
mand light. Some loans were made for
short periods at Is per cent without commission,
hut only on collateral security Of high 2rad".
There a better demand for commercial pa
per, but il came not from the city banks. Dnt
from individual capitalists and out OF town m
,tutiOns. The remarkable statement pre-
, sented by the associated banks YESTERDAY con,
tanned plain limitations that morty winch had
been boarded in the recent Disturbances WAS
emily the statement made on rising aver
ages, and rates for both call and cspFcHIE
time loans must inevitably be affected by the
receipts from whatever source they may come
The statement foreshadOws, in the Iminfdlt'c
future, large cancellations OF Clearing House
certificates. IL fact. this movement may CO. -
.;1. ~, I,. in l,sen 3
100000 of certificates were cancelled last wcrk'
hut the amount outstanding still exceeds SD
100000. and it will require stu larEcr ieecp'S
number Of banks retaining III th'lr own
vaults certificates which they took ont, even
II in some cases they used portion ol 'helh.
A large amount doubtless could be retired next
week if bank managers were assured that inc
uncertainty about financial legislation was about
TO be rceycd in Eur9P@ %E m @af Eecand ' on
Thursday reduced its official rate OF discount
from : 20 per cent. and in the open market IN
London discounts fell from about TO 3-s pei
cent and in the hall day yesterday bankers
balances Were loaned at ] IL per cent. y,
Paris the street rate for discounts was nearly
steady around l-Sa! Ia per cent, anu at DIT
Ian az ga pr cent. $500, s
The foreign exchanges were qulrt anu m
'ionally lower. They were Affected partly Nv
the lower rates for money abroad. ana also ~
fieer offerings of both security and commercial
oils The demand for remittance on mercantile
account remained light, but the relaxation IN
10 meet payments. which they have Tor lew
months postponed. Importers OF goid cVldeh'IN
have completed their contracts, Tor th'N scdrceS
appeared The market closed irin, Dat fn%u,,
lar at about 81 50 IA and ~ 80 Tor long anu
short sterling bills respectively. These rae,
show declines of from "a 70 cent pouhu
sterling
RAILROAD EARNINGS.
The Financial Chronicle computes ,ne
gross earnings in the month Of August on io1
railroad companies at S42,274,5T, occiva is
from the same month last year OF oo.3f','4dd,
or about - per cent. The mileage OF the rJius
reported was 9G,s60, against 94,3l9 mics ias.
Year. Several large systems, which are hio%n
10 have suffered heavy losses. are not inJ ir
IN this calculation. This Is an eNtraorui ina,
Decrease considering the gain IN PASSENGER T fsnn
ings which many companies have na"" "o
The travel 10 the Columbian Fair. s,i,o,
The Tribune has printed the gross eaInii i
Of forty-six railroad companies or systems io'
Tie FIRST week in September. or tle huhio,t,
nine companies return gains OF S55.2'2, vi -
per cent, and thr,y-scven companies iosses 80, ..
s2,o4e,sJ5. or 81 per cent. The totai nuin,pe a
SHOWS decrease of 2l.7 per cent ~ ., nao
printed also the gross earnings oil sAH-"mT.,
companies for the fourth week in August; - i'ic
whole number shows decrease OF Sl'oe-''o"'
or IL per cent
1892 1903. Difference. pc.
i. tlfst week IN Septembef- nx, .o, n
ssuDanies .2Si. ass s1.soi.75i Inc s'S@'s 80