New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-23
.ur SURPLUS INCREASING.
yoyEY PILING Up IN BANKS.
,rs1yEss AT THE EXCHANGE STILL DULL,
HOWEVER FAVORABLE RJMORS FROM
WASHINGTON TURNED INTO DIS
COURAGING REPORTS-POS.
SIBIE RESULTS.


COrRAGING REPORTS-POS.
SIBTE RESULTS
Sunday-OctOber 22-p. m.
r,s United States Treasurer received last
-.aE from customs s2.7O3.155; from internal
.,.rue. sS.252,O12: and from miscellaneous
,ces S4S6154: total from all. s6.44l.3 2l.
.ronst SLEEPS in the previous week.
,rhough these receipts were considerably
,o,rsr than for nearly three months. the weekly
rxaasurv statement shows a decrease of Si,-
"A. al in the net cash in vaults and de-
ease of ss1s. O57 in deposits in National banks.
rh. reduction in the net cash balances. ac-
cording to the statement was A.sl2.o9S. In adj
I,,,on to a further large loss in the gold bal
once the legal tender balance suffered a de-
crease of s217l.259 In the three weeks Of the
nrssent month the Treasury has lost over $751;
10000 in gold coin.
The principal changes in the vault balances
we're made up as follows: A loss in the gold
balance Of s3609.3 Ss. by a decrease Of s39ls26S
IN coin and bullion, less reduction OF SSo9'-
sso in the amount of outstanding certificates:
Gain in the silver balance OF $60l626. by an in
crease of s3645S2 in coin and bullion. and re-
duction of s237.044 in outstanding ceruhcates,
and a loss in the legal tender balance of 81
III $50 by a decrease of S2jl. 259. and an issue
of g. 920 900 of currency certificates. Treasury
notes TO the amount only of $4,000 were is
sued in payment for silver bullion but the sum
Of 1862 621 was ressucd, and the volume OF
these notes in circulation was expanded py
s,s7G21. Outside about S2.250,OOo held in the
Treasury. the entire issue now exceeds Tor the
first time $50, 900. The Treasurys liability
for the redemption of National bank notes was
enlarged by sl23,77s. and the deposits OF lawful
money on that account amount TO SZo'4-'''o'
The Treasury's disbursements continue TO be
made almost entirely in gold coin, but IN the
last week old legal tender notes were paid
ont to the amount of $1.50S,6SS. and new treas
urv notes. to the amount of s662,62l. were re-
issued The stock OF gold has fallen to the
lowest point since the resumption of specie
payments.
Subjoined is Saturdays statement compared
with that of October IA:
WIN '' Oct. "A. Oct 81. Differences.
God coin and
ya nra,n o ssj1Oo,73 ssl SOL $50 De-. S5Goo3ss
ss$s .a; ss55s S5!s RSs 5:5;c
p pmra,n U.s. oo7t23S 0,G75s6i Inc. G9lGl5
Cash in Tre;ssii o2s So eIlo.53i75o Dec sioolon
pT GpSk. IN N'' 1sc05sl7 l22i770j DC siso57
ro,,, ,,,,rcc s1s7 09ICI7 5i9 Dc sIol2CoS
Less 800 OOOO 900
I've '.. 100 100000 1000 0.oc0 .-...-.---..
No. cash bal. se5.09I017 -. 7s-.5i9 Dec s4sIsces
RANK CONDITIONS COMPARED
py tho onerations of the New-York Sub
Treasury in the week ended Friday night which
included payments of sllO211 for purchased
bonds and deposits of 100000 for payment at
other points. the associated banks gained ~
SOC 600 The weekly bank statement publshed
Yesterday showed an average gain in cash oil Sli'-
O5o 400 The result was not widely ciiiereht
from the known movements OF money aithous"
the increase in specie again was soihe"""'
larger than had been expected me receip.s
~ currency were very close TO expert calcuid-
tions The most surprising feature OF the state,
mert was the reduction in loans Hi'o1o'SvV,' anu
If it small it proved either relucta,1, ,
on the part Of the banks to make engasenen'S
for fixed periods or a voluntary nquudtioii
which had not been anticipated In us uetan n
the statement was unusually cohsis..n.;, an IT,
in view of the large figures. was ut'erN IN
significant. An increase of %,230,2UO IN deposi's
carried the aggregate amount above loans u!
s27647.2Oo. The result Of all me cna sns'.s and
the banks now hold in excess OF legal teluile-
ments s42s4o.775. against ,425 in the cor
responding week year ago ana 80 s,r''i' 60
the same time in the preceding year. , T.,
The changes in the corresponding "eehs oo ="
three preceding years were as follows; M
Loans decreased s7,l9l.loo cash decreased s'i'-
io6. donosits decreased s. 29 900. and surplus re-
1ov increased 81 1872 375 ls9l-Ioans increased
SPAS 100: cash increased Al16.'w; deposi'S III
creased Sc 100 and surplus reserve Increased
1851 $50 1S9O-Loans decreased s3sle.soe ca Sed
decreased 1862. 500; deposits decreased si''i'ooo'
and surplus reserve increased s22435O
Subioined is Saturdays statement. conlpaIeo
with The corresponding dates Of 1891 and 1892:
oct. S % 90 9 g * & S 53 90. o. 81 49,
fss. ,5fs55S sc .5Sss.S6
t rspSiI $1,000 5eIiiOo i'c'o'co
Tho following shows the relation between the
total reserve and the total deposits at INC IT,
spective dates; .-oo.o ,oo so. 10 ,oo
i ipreaItendcrs ..... %i,esi2cO 469oi4oo o-3'''Vo
,,.e,vo .siIo, soi 800 ii7,55s7 200 siAs oe2 800
Ho sran. Gsraa lo41ooi,o 52s27a io'4s72
SUPPLE. ........ ~. 3oi $50 ss,ss24sa sas"cE5H7i;
rho hank exchanges Of the New-York Clear
ing House and the stocks sofa az 'he NV VI 70
ctocL exchange last week and FOR the week Vi
the needing two years compare as follows:
oct q o. oe; az 90 '2 ,:s . 9S, go 81 fSi
k ks sns,s. Iiio7,6 l4oo2lo eoO.eS
THE MONETARY SITUATION
Tho accumulation of idle money in the CITY
hanks &c proceeding at a rapid pace the sur
nl,s reserve held by them now exceeds S4-'ooV'
600 and the percentage of reserve mas iiSei "
AL ner cent Excepting last year. the sur
nlns Is the largest at this season Tor many years.
and the percentage a year ago was Inuch sna l,
than at present On November /, Ioo' -
The Nav panic the surplus had risen above
s3I. $50 900 but the accumulation was less swift.
Rates for money at the Stock Exchalse W.
extremely easy. below 2 per cent vi" 70 ~,
tho week and on Friday large part OF ihe
new business done at per cent FOR UNI
loans there was only light denaiu' , wilile
the offerings were at no time hDei'I. ino
we're some small engagements for snort perIoos
at from to per cent and it was IePoi .eu
that offerings for four months at ABOUT pei
cent wcre made These. undoubtedly, were ex-
ceptional occurrences. and the offerings VIZ
made either by trust companies or foreigh
,-,...,,. houcas The city hanks appear not 10