New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-14
WAITING FOR CONGRESS.
DISAPPOINTMENT At DELAY

BUSINESS MEN NEED THE SPEEDY REPEAL,
OF THE SILVER PURCHASING CLAUSE
RATES FOR MONEY IMPROVED But
CURRENCY EXTREMELY SCARCE
MANY ANOMALIES IN THE
WEEKS MONEY MARKET
Sunday, August 13-p
The United States Treasurer received last weel,
from customs S2,S33,504: from internal rcve-
nue., $2,43O,3O9, and from miscellaneous sources,
e2l7,94l total from al S5,ISl.g3i against
S6,26N922 in the preceding week. The decrease
was pretty evenly distributed between the differ
ent sources Of revenue. The weekly Treasury
statement shows decrease of Si,11?GO; in the
ret cash in vaults, and an increase of Sl304s1 in
deposits in National banks. The reduction in the
net cash balances amounted to 81 ,03312O, max
ing the reduction in the last four weeks about
$4,000. There was again heavy gain in the
gold balance, although the stock of actual metal
wac further reduced.
The principal changes in the vault balances
were made up as follows: A gain in the gold
balance of S2,4l5,131, by reduction of 3d.
535,275 in the amount of outstanding certificates,
minus loss of Sl,ll9.53s in coin and bullion
loss in the silver balance of S?9s,776, by Il de-
duction of $5s6.521 in outstanding certificates,
and loss in the legaltender balance of So
ls5,9Os, by decrease of 4,41j,90S in notes,
less reduction of 81 100000 in currency certili-
Gates outstanding. The holdings of National
bank notes were lowered by small amount.
Treasury notes to the amount of S26T000
issued in payment for silver bullion but the
Of Sl92.174 was returned in the ordinary course
Of business, so that the volume of these notes
in circulation increased only by S59,s?G.
u appears from the statement that the Treasury
disbursements in the week have consisted chiefly
OF old ega-tender notes, while large amount of
gold certificates has been presented. The Treas
N.Y. liability for the redemption of National
hank notes was reduced by $30,sjs, and the de-
po,its of lawful money Oh that account 10 500
2ss.35s.
Suboined is Saturdays statement, compared
with that of August 5
Aug. .. Aug. L.. Differences.
Oo Mhll,o sSi les. s seS.
Gacatc. 49,. s1ol Az $50 +Ios sCs go Inc. s9h5737
esrSSses ~ 1sss1s5s 1sl9seS7 Dec s1 49, s "os
Narl hank notes; So@2.sO 34ls so@ Dec iooooo
tiacstes ~ o5l50H 2olos6s Dec 2os776
Cash in Trcass1e5 SCI 5si sl24 o9 a27 7eeo7
banks =" ".''.. il 5s2s 1I.774si5 Inc. 1S'is7
Total balance S137 so? sO2 sI35 "A. so33 100
serve - oOOo 600 10000 900
Net cash hal S37 5o2 So 80 lCa - Dec 81 oss1@o
BANK CONDITIONS COMPARED.
By the operations of tie New York .Sub-lreasury
in the week ended Friday night, which included
payments of S264. 1868 for purchased bonds ana
deposits of 100000 for payment at Other points
the associated banks gained S1,1G9 90. Inc
weekly bank statement published yesterday shower
AN average loss in cash OF S1,113.OOO. Nhie
the result NAV not have been widely different from
what had been expected. the statement contained
one surprising feature. In view OF the large ar
~. Et,rAn in 90 -
of S@,3o1,OO0 III specie was uihdAne; ~ ~
ceipts exceeded 81 600, 900. and WHILE of course,
they might not count in the aSrraG, iUr "e
pccted that they would affect favorably the
specie holdings Of Tie city banks. The statement
consequently imstiies the Suspicion that very
little of the gold has gone into the discount banks
A large part of il undoubtedly has been shipped
10 interior points in urgent need OF currency OF
by savings banks. Other changes reported were
Of little Importance. There was further "Npan-
sion in loans by S3.07s.200. and in the aggregate
,h"y exceed tie deposits by over So oo,oOV.
The result of all the changes WA, loss in reserve
cent rule is now $lG.5ij,3;j. AZ the same time
= wear ago the tanks held . surplus OF Sl',''i.-
4j0 and in the preceding year one Of 81 81 go.
The changes in the corresponding week IN tie
three preceding years were as follows lso:--
Loans increased $4,000; ca>l deceased ecn e.
Mus rescrrc decreased S3,023,J'j. sgl Loans
Increased S2.4JO400 cash decreased SllG.1Oo,
derosts increased 81 $4,000. and surplus reserve
decreased $500, 625. ls9n.l-oans deCfea~i ~
c,r1sod SIS }G1 4 o. and surplus reserve decreased
Sl.94l, '.5 e-...,o,.,. ..a,,,oo,, comn,,ed
with RI. corresponding dates of 1sol aud 1892
as is. $50 q 200 A sasa z 81 III q
al aao;. .... 5 5sGss3cSS 3 10000 81! 9a
is, +O3 49, s sSc '7 5 % 200 200 S 1906
The following shows the relations between the
total reserve and the total deposits AT '''e ''-
spectivc dates. 80 .s.o co, ooo
s sslc "a s s 900 3 5sSso7oo
rs.arv. .iio.o57 400 si47,os2 800 $1,000 500
ss1,n.. Se~.,s 1ooo75 ls, so7 so $3.50 $40
,urplu. ~ sl7oi7s5s 'l'.774 20 '+lc''' s sl5
Percentage 70
-Dehct %. c,oo,in,
TIN bank exchanges Of the NcX York Clea ,ani:
House and the stocks sod az ,h, "w SyaeI Of the
TycLsnge last week and Tor tlr ne, week VI '"'
preceding two years compare as follows;
= ,no.e. 81 S52 sSS s5 go
THE MONETARY SITUATION.
.r,.,e WAS again marked Improvement in rates
to 'nn,ev At the Stock Exchange the common
rate for call loans wa, l per cent t'c ,, a..
range being from to per c,ho .ae, ,rern ~
,rY cant and trust companies ani banks gen,
crally insisted upon this hsure. bnt 'om,In
tie close of the week ORDINARY loais w'i'' ''
=, :, and renewals az per cent. line supply
of caV money WAS larger than the demand tnfough-
,nt the week. One reason for TINS was IN"
.r,raI reluctance of leaders 10 max" engage,
,,,on,s fr - fixed period On Ihur'diN AM
FRIDAY there reported to D" lar oncl-
ines OF time money at per cent Wl'ii"u, COLI
missions for four months loans. These 'rahSac-
ION. were exceptional. aud probably the amouh'.
which was cstmlted above S?,ooO'oo" was eN,
aeaerated Ordinarily time money was III soo,'
Jnm..ud at a commission of per Gem or more.
'o n;,1 IN Tho length Of time. IL j. not at
all improbable that the unu'uai o rn Ike m