New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-11
REGAINING CONFIDENCE.
RENEWED ACTIVITY GENERAL.
A FEELING THAT THE REPEAL OF TIE
SILVER ACT IS CERTAlN-THE SENATE'S
VEXATIOCS DELAY-TIME MONEY
MUCH EASIER

Sunday, September lO-p IN.
The United States Treasury received last week
from customs $2,e 1913, from internal revenue
e. 734750 and fiom miscellaneous sources $500
AK, total from all $5,s3I ,oiS against 81, 81 ,3Gi
!, the preceding week. On Tuesday the receipts
were h!ht, in consequence of the holiday on
Monday In spite of this partial interruption the
total receipts showed handsome increase over
those for several previous weeks. The gain in
the receipts from interncl revenue was somewhat
larger than the increase in customs receipts. The
weekly Treasury statement SHOWS an increase of
si2o39g in the net cash in vaults and de-
crea- Of SG22, 064 in deposits in National banks.
Tho reduction in the net cash balances according
% the statement only $780,. The princi-
nal loss occurred in the legal tender balance, but
il was more than Offset by gains in the gold and
silver balances.
Tie principal changes in the vault balances
were made up follows Z gain in the gold
balance of 5000, made Zip by an increase of
ss54173 in coin and bullion. with Il reduction of
sln.554 in the amount OF certificates outStan1-
ing: gain in the silver balance of $2,lOl,?43
bv an Increase of So 63.j3S in coin and bullion,
minis an increase Of S5J,295 in the amount Of
outstanding certificates and Treasury notes, and
los, in the legal tender balance of Sl,Cl6,372 by
= decrease of S!,2S6,372 in notes, with an issue
Of S33O,O00 in currency certificates. Treasury
notes TO the amount of S367,3?2 were issued in
naypl,nt for silver bullion, and the sum of ST.
,iAS3S was ressuHd in the ordinary course of
business, and the volume of these notes in actual
circulation WAS swollen by S2,l2l,6 $50. Includ-
inc S21O7,4ll in the Treasury vaults, the Issue
amounts to 50,2i9,2s0
The Treasurys liability for the redemption of
National bank notes reduced only by 5000,
-
are S2O,2i6,l0l.
Subjoined is Saturdays statement compared
with that of September .
sept p Sept. 0. Differences.
Geld coin and
P tIaescs @ $50 ooo1as so7Ooi s54 Inc s9o5.7sl
so, ss sSss sss I Rc 2' 1872
N i1td, G d6iiar &' and '''''O
tifcStes ~ 37oo9sG 5s9i.529 Inc. 2,lo4,2i3
Cash in sic SO 600 .ii7 Oss Inc 1892 ,se9
peRT nks Il, nav 10 COS o25 2asesol Dec CO. oOi
TOTAL 1873 sos ga $40 $50 Dec. $4,000
Les .lOOOyOocO
se1Se '-'' 100 100000 100 900 900
No, cash hal. 500 So ga s2o.77595e Dee. sS9,CC5
BANK CONDITIONS COMPARED.
rv the operations of the Newly ork Sub Treasury
in the week ended Friday night, which included
deposits of S7s,21O for payment at other points,
the associated banks gained Sl,6s',O3'. 1hc
weekly hanl, statement published yesterday showed
an average gain in cash of Si.4;s,30O, of which
SIM the increase in specie was $2,4OO,4oO Inc
lain in legal tender notes, which also amounted
10 over 600, 900 was indicative OF large lhho"
of currency from the anterior, presumably III s','e
faction of previous advances to country pdhhS
The reduction in loans was probably due 10 'hc
ssmo cause. The statement not wholly con-
Al. In. th..Y ll la Ncll
,i6cates are outstanding in large amounts. One
of the most favorable features OF The statement
WAS the increase of 81, 500 in bank note cir
cuIation The result of all the changes was a
Gain in reserve of $i,533,9OO and the banks now
hold IN excess of legal requirements S2,y0O,3' ,,
AGAINST a deficit last week OF 81 ,jG',j?j AZ the
same time a year ago the banks held a surplus
of S47s1 go, and i'll the preceding year one OF
Ss,722,775.
The changes in the corresponding week in the
,br... nrecednp wears were a. follows: 1897
loans decreased S4,9sl 500, cash decreased So
e67 500. deposits decreased Ss,S16,J0O ana sur
plus reserve decreased $2,o 1922. ls9l-loahs III
creased S935 90, cash decreased 81 4Oo deposits
increased 81 900 and surplus reserve decreased
sl336o5 ls90-loans decreased 81, SlS,lOO, cash
decreased 1871 800, deposits decreased S"'l4o'-
400 and su,plns reserve decreased 81, 9Oj,sO0.
SuLjoned is Saturdays statement, compared
with the corresponding dates of 1891 and 1892
o Scot gc 81 90, s s4s 81 s S Sly 700
Specie .... 81 dd a go S9o a 1874 sgo 100
bcS 4o5 SG5 800 50oI2s 9oi S!s - 200
Circulation .....~.. j529 900 oo13f,V li'-oV'o'
The following shows the relations between the
total reserve and the total deposits at the re-
spcctive dates:
se sel51s goo e asco Sc? 200 700
Reserve go. 800, IA 100 si2ssl42oo se94lS@oo
regain ssaGs r' dcposi.. lOoesi s25 222' sSeo21
p. sa,gg, 'S7a2 So ''Si 1913 ''O SO
The bank exchanges of the New-york Clearing
House and the stocks sold at the Ncw-lork Stock
Exchange last week and for the week OF the pre-
ceding two years compare as follows:
Sept u a. 20 q, sst i4 81 s sss g 1913
No shares sold 1,Gis,420 1,o93,oos l,Sl7''39
TIE MONETARY SITUATION.
Money on call at the Stock Exchange again was
extremely easy The extreme range was from
10 3 per cent, but the bulk OF the new business
was dode between and a, and the average rate
for the week was probably not much above IL
Der cent Renewals were made generally at
and . per cent, conspicuous feature Of the money
market. however, was the relaxation in rates foI
time loans. On Wednesday considerable offerings
of time money at per cent without commission
were made AS rule the offers were made only
TO Stock Exchange houses Of the highest credit
and il was even suspected that the brokers were
fully aware of the fact that these firms We're not
in need of funds. Ii Is gratifying 10 admit tha'
the offerings of time money did hot all come from
ono source and that since that day they have