New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-21
Net cash bal s3G40o742 ss2 .253 2i7 Dec. 50:
BANK CONDITIONS COMPARED.

BANK CONDITIONS COMPARED.
Ry the operations Of the NewYork Suh-Treas-
ury in the week ended Friday night, which in
Guided payments of SlO3.i9s for purchased bon'is
and deposits Of S3G6, 200 for payment at other
points. the associated banks gained S6,453,oSO
The weekly bank statement published Yesterday
showed an average increase in cash of g, 02i ,3O0
with gain OF Sl,72S,000 in specie In view OF
the heavy imports of gold and Treasury DIS
hursen"nts in the last two weeks, TIE gam IL
specie was small, ana in this respect the state
ment merely confirms tn" opinion that the hoard-
ing OF the precious metal has been continued
The contraction of loans by S5,2o5,5OO was a less
unfavorablc feature than it seemed on the sur
face. because il was due undoubtedly to the can
collation. of loans made to gold importers to en-
courage the movement. As the gold arrives the
loans IRE paid, and the gain in specie probably
measures fairly the extent of this assistance. In
it's details the statement was reasonably cum
ssfent. although the decrease III deposits was
larger than the other changes demanded. Ihe
result OF all the changes was an increase III reserve
of SI4gJ51j. and the deficit under the - per
cent rule was reduced 70 Sl2;Oli 500 M tne
same time year ago the banks held n surplus
nf Sl2.J7s,'75, and III tie preceding year one OF
Si4.1G99OO.
The changes in the corresponding week in the
three Irecclng Yeas were as follows sv@-
Loans increased Sos? 500, cash decreased So
800. 400, deposits decreased Ssl@.300, and sur
n
Increased Sl,375,3Oo cash decreased N,2l9,4CO,
deposits decreased S2,s47,1OO, and surplus re-
serve decreased SS,5O'.425; 1s90-loanS decreased
Sl,4"1 500. cash decreased S4.3lO,OOO, deposits
decreased S9955.c0o, and surplus reserve decreased
S1e57:5O. when there was Il deficit below the
required reserve of S2,512,9'j.
Subi,incd is saturday statement, compared
with the corresponding dates of 1891 and 1882
A% e q 20 A ss 90 Sa $40 sG = 80
Se ', -. $1,000 s9o9lsoo $3.50! s99
Legalcnders - goo 5S5 co go t 1 3"o
c rGHSiisi 'O S73sSo 55 5io u.s.
The following shows the relations between the
total reserve and the total deposits at the re-
spective dates:
fessic $500. 1890 5ss7Sco 3ai77ooc
Reserve ......s ii4sS7 800 sls $3.50 ssl5ao so
' ssalSs, DEPOSITS. loo7esOo 1sl1os Os5 se175 GOO
Surplus ........ si4IOosOo sisS70s73, 'sl2,oi55s;
Pcrcciiagc .s.5 "a us
.DcAcit.
The bank exchanges Of The New York Cie :, Ing
Exchange last week and for the week OF the pre-
ccding two years compare as follows
A SS z: .s ~ Il Agg % 81 ' S AsH II SO
No. Share, sold ~ ,i,517's59 loss 1876 75l,2oj
TIE MONETARY SITUATION.
Rates for call money at the Stock Exchange
again were easier. ruling at 3a4 per cent. with
the bulk of the new business probably nearer the
lower figure. Banks and trust companies lc-
newed loans. generally at g pr cent, but ordl-
lenders The case OF call-loans il never u fair
criterion of the actual money market. 'dcl 'oals,
especially in times like thesr' are supported ny
collateral security that can be sold i'll the open
market at short notice. The low rates. on me
contrary prove that lenders are unwilling 10 make
engagements for fined periods: put are o h3id-
inc their funds under instant control, either
frouI fear of danger or from desire 10 -
cure bargains in investment securities The
The city banks doubtless have extended TO m"r-
camille borrowers all the assistance in their power
The contraction in loans, reported III the pailk
statement yesterday. was the result OF recent ar.
rivals of cold But il should be observed that
lOan-certifcatcs which were taken ont by seVeral
banks in aid Of these importations, nave no' peri'
cancelled The inference IL pam 'ilat tie coi,
mercial demand for accommodation has been 50
urgent that the banks preferred 10 l,' .i' Ioa'
certificates stand 1t las been iouna nccs o'
moreover, to increase the issue IN the veg ~
1866 700, while Stock Exchange brokers Woulu ~
glad TO make time loans. There mas @en no "d,
ing in the speculative SITUATION III ,n' pas, W., w.,
TO Justify the opinion that the addition 10 inc
issue was for other than mercahtir aco1 CIV s,.araI
merciab paper remained as II has Dcch ioi Ssn.la,
weeks, wholly unsuitable Paper, pea a NAM ia
of the highest standing has been oherti Il. -, :
10 Is per cent for four or six months wi,ioi i -;
ing marketed. Shipments of currency 10 tle ~.
terror, directly by the banks, were nor unusuai'H
large At the same time the demand held strong,
and toward the end Of the week premium u
2 1-2a3 per cent willingly paid i
In the European markets there was no III
portant change in the financial situation EariS
in the week the open market rate ror n'onoS -
London inclined to be higher, anu IL i.i 's
advance in the Bank Of England rate on uiSo ,u,,
was anticipated. But before the weekly hl''ins
of the governors, the rate had cascd on an Ilo
advance in the official rate was made ohc re aI
son for this was the fact that money r'.in.' =,
comparatively easy in faris, where me r"'e u,
exchange on London ruled throughout the wcck
above the god-shippng point. no large eNp" en
to London have yet been reported, nut there cih
be no doubt that a small movement is fairly uhpi
way At Paris the street rate for money WE
unchanged ut about l-2 per cent, and al D'r, T.,
xvss aIs IL
Dutch bank of Amsterdam advanced its rate oil
discount from IL TO per cent.
The foreign exchanges were Irregular, Delns con,
troled almost entirely by the premium on soid
oI,o, fto NaPl<