New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-08
STOCKS LITTLE IMPROVED.
PEASONS FOR THE DEPRESSION
FEARS REGARDING FINANCIAL AND
ECONOMIC LEGISLATION ELEMENTS
AT THE CLOSE.


OF UNCERTAINTY BETTER TONE
AT THE CLOSE.
Sunday. January 7-p. m.
The United States Treasurer received in the
Ave business days last week from customs S2'oi'-
OK. from internal revenue. s2579GS6. and from
miscellaneous sources. S99l.53G totai from an
6; sSs 400 against A.HS.272 in the preceding
week also five days. The increase was prln-
c,nalIy in internal revenue and miscellaneous re-
oo,,,s although the customs receipts showed
e,,qht improvements The weekly Treasury
statement shows q decrease cf S3,4O6.44O In the
ret cash In vaults but deposits in National
hanks were larger by S26l,97s. 50 that the net
cash balance shaws a decrease OF S5l44aoz
There was a gain in every item excepting the
GOLD balance and that suffered an extremely
heavy loss in consequence of the January dls-
h,rsements on account Of interest on the public
deht The decrease in the gold balance was en-
tirely In coin.
Tho principal changes In the vault bal
ance were made mp as follows: A loss
T., tho gold balance of S6293,434. by a de-
crease Of G.23oG44 in coin and bullion less
roduction Of ss7 21S in the amount Of outstanding
certificates a gain in the silver balance of $780,
e7c by en- Increase of SiSG9o2 in coin and
hu,,,on less an issue or Si29626 of certificates
and Treasury notes and a gain In the legal
,.r1or balance Of 81 $1,000. by IN increase OF
60 as5 400 in notes minus an issue OF &l50,oVo OF
currency certificates. Treasury notes TO the
amour, OF S52oG7l were returned in the Ordinary
course Of business. but others to the amount o'
s17os7i were reissuel and the volume OF THESE
notes in circulation was reduced by S"4'SVV.
Tho Treasury's liability for the redemption Oh
National bank notes was enlarged fur'her oS
s4lS4i2 and the deposits of lawful money on
that account amounted at the end of the week
to S23.Sl6,i90.
snbioned Is Yesterdays statement. compared
with that of December 80:
Dec 80. Jan o. Differences
GSii c2 Pin. and ,- nT
iUm TVS ~ ssl i7J 3S5 So l.9Ol Dee. S6."c4"]
sssss , 59ossF a as
SINH trli,o S0'i jeSs " cer- .o-o
, ,H,,,t. ~" COOoe65 G.357.9il Inc %''.2'6
c.. :, sios csooo3 sio2 2s3 500 Dec. $40
D slp'nks /" Nav I1a598so ns2i.aos Inc 26i97s
Tote, balance Sill e9 s3o STA lo4 s74 ssi4i4 e2
serve ......... 100 100000 1oooooooo ..'....'.'
Ne, c,.h bal. sI72i9sso sliIois74 Dec. s9i4i4e2
RANK CONDITIONS COMPARED.
nv the operations Of the New-York Sub-Treas-
my in the week ended Friday night, which includ-
ell deposits of 5000 900 for payment at other points
the associated banks gained s3.4c2,S6S Inc weekly
bank statement published yesterday showed
en- average gain in cash of s6.O03.2OO. Inc IN
crease in specie. which amounted to Si.'o"Vo'
reflected the Treasury disbursements on ac-
count Of January interest. the Sup-lreds"'y
naiances at the Clearing House being pau
wholly In gold. Slight increase III loans W.
ooa 7on fairly represented the utter apathy in
o,pI in
weeks the expansion Of leans has been little
more than s.. 1000. while the increase IN de-
posi,s IN the same time has exceeded $i''oVo'VVV'
The hori<s are unable to find profitable use Tor
IN. money which is steadily piling up In their
vaults The discrepancy in the item OF deposits
which was again unusually large. was reaulIy
explairnl The increase was nearly SooVoooo
larger than The other changes deMahueo anu
this was in addition to difference III 'le same
direction a week ago Of about S,ooo'"'o' i"e
,,,,i,e are accusi cnied 10 call coupons as cash.
bnt the n Gral delay ~ collecting them leaves
The banks without .he corresponding money
The result Of all the changes was a iur'he'
gain Of S29S 800 IN the surplus reserve ana 'he
banks now hold In excess cf legal requirements
sS2 -qs Go against sys,2 453 in The corresponding
week year ago ana SlSS'!'l-' 1T inc s"'''o
time IN nc preceding year . 49,
THE charges ~ the co:rcsponding week IN 'h.se
,r.as ad g. &C.. 100; cash increased A79iVOo; ue-
,o.its Increased s1Q7-s. 100. ard surplus reserve
j. .r,,s~l g. i12 go. 1s92-i.5ans Increased S'b'"
200: lash Increased 452o 100: deposits increased
81; g. 100 and surplus reserve increased $l''Z'-
o.: iSa.--ioans decreased N.725.lo0; cash in,
creased ST. 1860: deposits increased s5C92'oo ana
eurnl,,s rcsarvr increased A.SOi.3I5.
s:,,hicinrI Is SATURDAYS statement, compared
with thu corresponding dates ~ the preceding
two ycars: - o
Zen e 90 90 81, az ~ 20 q s ,iS 90
fnl Il.
csal lander. 49,: .s7ssSsco 49, 5ISS:.eo
,ITp.,,lat,on .. 5.5G5.ooo 3.5s5.VOO lS"144D
The following shows the relation between the
total reserve and the total deposits at the re-
spective dates: 49,.
specie .. sseo5oloo sc s2e GO slll IL 9;3 90. 700
Reserve slss SOC 700 1922 7s4,4oo 3'2'soo
sSaIss, F deposits . l,oa,575 as4is'o i2acsil'o
surplus slssOy,Sss; 's''s ~ s'9 S''7'' ~ ~
The following table shows the percentage OF
reserve held for each bank. 1t should DE Oh
served the National banks are required u heeP
q reserve of Is per cent and State banks one VI
Is per cent:
n ~ xnA S5p s5 sssS sSSsso -
M MsnS xa 1883 Ss goo i
q 2 s $3.50
5sss: ~ s:Si IS s 81
Ner Elk M 37a5 800 Gl3 900 pa 800 4.7sO.700 1913
(;allan Nat 900 1475 800 800 6lG3 300 46i
, sv' P r. as2Sooo i?Sos5 45o.cS9 $4,000 $50
IssS "a 5SlsgSS s2!,Sg zsoiSS 3doa 500 ss
Scvepti, Ma 400 200 ls5.3CO $500 l720 800 2sp
u ~ 6 ny 25j2 900 25G 900 79D.l0O 2,234.j00 47.2
~ NooO a SIT q