New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-02
Net cash bal. s3i. 472 eo4 ss1,759,os7 Inc. =
RANK CONDITIONS COMPARED.

Rv tho operatlons or the New-lork sub
Treasury in the week ended Friday night when
included payments of 81 6.906 for purchased bonus
and denosits of S15O,000 for payment at otner
noints the associated banks gained Sl,lso,5yo.
The weekly bank statement published ye Sn nnn
showed an average gam IN cash OF So,-oc'oo
Pecainte of currency from the interior were even
lsrcer than the expert estimates, and they CANT
evidently from every section OF thc county .
Interior banks are strengthening ther reseI> :;
nj this point in preference TO Keeping nohcS III
their own vaults The stagnaton Of buslness vas
indicated by the small increase IN loans ne
statement was long way IRON nedng GO Slo ooo
because the increase was more than SZ:@oo,ovV
loss than other changes demanded ms nmgh.
not have been specially remarkable If IT had not not
followed similar if smaller o SsISs OF al the tine
changes was a further gain OF 6,3lO.oo9 ~
the Surplus reserve, and the banks now hod
in excess of legal requirements S24,l So,n oo1,
year ago, and S3,lo2,'oo IN tne preceoi"s
year.
The changes in the corresponding week IN three
nrcccdina wears were as follows 1s92-loans de-
creased 81 1852 200. cash decreased 81 ,639, 200,
deposits decreased sa,o24,1oo aud surplus reserve
decreased S65s.G7j: is9l-loans decreased ST.
as3 800. cash decreased Sl,41 1900. deposits de,
creased g, 800, and surplus reserve dcorcay'd
S?Oj,575. 1s50-loans increased Si.soo;'eo cash
decreased 81 OF 300 deposits lDcieasei SOL ~
300 and surplus reserve decreased S2.5G4.2Oo.
Subloined is Saturdays statement, compared
with the corresponding dates of 1s9l and % so
OK s B 800 800 s 2tl aSs SO 500 1885, sss @
5s:s 5$ SS$ s s$ 81 $$
The forlowiny shows the relations between the
total reserve and the total deposits III the IT.
": ess!ss 500 800 5ssI GSS
po.o,vc sios. $50, 900 sI28 $40 100 1921 s65 900
Regal asal s. Deposits 1ooc4s15o o4o1oo 977461oo
SURPLUS .~ ssiO25;99 1892 s Sc "s4120sl 10
nc tLa Nov-XOr, Clearing
House and a the stocks sold at the NewYorl; Stock
Tychange last week and for the week of the pre-
e: 81; %$ s'E; 81
THE MONETARY SITUATION.
uono,, on call AT the Stock Exchange last
veo,- was excessively easy at from 70 per
cont and for new loans the average rate Tor Jne
week was probably about 2 IL per cent; Ior
extensions and per cent was generally es
acted. and Of course banks and trust companies
nominally insisted upon 3 and g per cent I'm rm
time money there was really little chang. rev
their funds. while borrowers preferred 10 take
their chance from day to day. The common
,ate for time loans was sharp, per cent. bus
the supply not liberal, ana the character vi
the collateral security was Obliged TO be beyond
suspicion Commercial paper was In eNticin1N
lielit demand, and the city banks Were, puSerS
only TO a small extent The weekly BANK star
mcnt showed further accumulation OF money
which is pouring into this city from every dircc-
tion. This il the invariablc rule after serious
financial disturbances. and there Is every PROV
ability shat the surplus reserve will continue 10
rise steadily for several weeks. A great d@al on
the money, however, comes from county pahts
which had allowed tEeir NewlorS balances 10
fall 10 nconvenicnt figure. me plc'hoia VI
money which seems imminent would % IaFoI,,
abb. feature, provided that 1t could De do3he u
freely for fixed dates. As 4 matter OF fact IL
Is loaned principally CALL and thereby stiInu-
lates speculation in stocks by professional opera
tors IN the European markets money was AGAIN
easier in London and while the Bank OF Eng
land did not change its official rate III the open
market diScounts fell to is PER cent. Inc
difference is great that it may foreshadow a
declirc in the bank rate ar the next weekly
meeting Of the governors. In Paris the, street
rate for discounts remained virtually UNCHANGED
AZ ~ per cent; and at Berlin II was o,ily my
slightly easier falling on THURSDAY to IL per
cent, and aeain advancing on FRIDAY 70 800
pcr cent. The minimum rate Of the Imperial
Bank Of Germany is ! per cent.
Foreign exchanges were irregular and cx-
tremely sensitive Earlier in the week rates
were higher on . strong demand for, mercantile
r'mittance, but when that subsidized they fell on
steady at substantial decline. On Monday and
TUESDAY the strength Of the market snpges'eh
carly sinmcnts Of gold. and it was reported even
that moderate engagements had been made.
fresh supply Of commercial bills and -freer OFF,
incs OF bankers bills postponed shipments: Inc
nsr':o. ,losed barely, steady at - 81 ana
srechvely These rates showed q decline in
tie week Of fully half cent to the 6.
RAILROAD EARNINGS
Tho Tribune has printed the aross earnings
,f ffty-one railroad companies or systems for the
-I,ird week i'm September OF the number seven |
return gains Of S5376D, or as per |
ont, and forty-four companies loses Of SOLO,
c5s, or I4.8 per cent. The total number shows
, decrease OF SsG3.1 50, OF III per cent. IL |
las printed also the cross earnings Of sixty |
companies for the second week in September |
The total number shows "A decrease of Sl,l34,3i7'
Or 1872 Ccr cent.
Third se1k IN sc"tcnbcf- ooo ,,,.....
eorn,an'cs . 81 I5, ess ~ .Co.oo7 lpc. 95i7r9 ~ |
"A coE,rsn'es... GIs9.5sO 52Gj,CsJ Dee. NC3H l4's |
Total III oo'sx7 235 SID gi472C23 Dec. ss03ls' III
sorond we in so'tcriel~-
4 couinnics 81 ,1t5 si5lG.G7c Inr. sss3s, ~ |
6 eo,n;arics... c5f0fiJ 5,2J3b6t D'c 12loSoi 100
T,t, On rnss7 r7f so tg 1929 Dee Sil3f 3i7 If|
TIE WEEK IN WALL STREET.
The cordi iors surrounding spec'i9fion ~ ,',e