New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-23
cTAGNATION IN STOCKS.
.,,crPTlINTY THE REASON.
,,x,NCIAL SITUATION OVER
noyED BY THE TARIFF AND
orurR LEGISLATION THE
GOLD MOVEMENT.
sunday. July 22-p. m.

,,.os states Treasurer received last week
lN' Cnstoms S22i5S55; from internal revenue.
iron as2 and from miscellaneous sources. S94.-
SN., from all Sl01l2.764 against S1O.597,S55 in
~ ~ preceding week
u. enc three weeks Of July receipts from internal
" ~ have been nearly SO. 0O0 900. but they
r'.' oor,s principally from withdrawals of spirits
@ IND in the expectation Of an increase In
h'" This is abnormal. and as there is now
I" a,uht about the passage of any tariff dr.
s'' .r,norr II the Federal Treasury is likely
W. % he withdrawn. In spite OF the heavy re-
' tho weekly Treasury statement showed a
rT' ,.,rsose in the cash in vaults Of $365l,S13
D" -. increase OF $685. $50 in deposits in National
w. w. reduced the loss in the net cash balance
70 ssOc2.OiS ,.,ooa
", nrncjpal changes In the vault balances
made M as follows: \ loss in the gold
',.rca If Sl642 900. by decrease Of Sl.73l2Ob in
,5 million less Il reduction Of $SS,2l0 in the
r.,r,oa " outstanding certificates; gain In the
"~.. balance of S75o 766 by an increase OF $l04,-
..,,, coin and bullion with a reduction Of $o'H-
=, 4, outstanding certificates and Treasury
ons a loss in the legal tender balance Of
:. 80 o.. hv an increase Of 1916 699 in currency
.,sca,es less gain OF 81 $685. in notes. Hold
- National bank notes were lowered 1894
.r Treasury notes issued under the act Of July
=, ,cso 70 the amount Of Slll0.06S were returned
:, .Aa course Of business. and the volume #
.s..a notes in circulation was reduced to $lSl.-
~, 40 The Treasurv's liability for the redemp-
..an NJ National bank notes was reduced by Sll4.-
~ which practically offsets the increase In inns
tsn in the preceding week. Deposits OF awful
money on this account now amount 10 Szo'ooS'-o5
subioined is Saturdays statement compared
III .ho, of TulV IA.
Win 'nA' u '"'' July H. July 81. Differences
css coin and
sgGs les &C., Goa 5a3 sC25o1 5s7 Dec sG4299G
s. ' s SO ' 33ss B Bsc ' 5ssi
S S9l,s@ $50. leo725oc 1es2526s Inc 1896
c, IN Treasury $50 s27 s12oaoie52 Dec saG57s75
l ,sSai banks iao>aNas ls7457oo Inc c5'sG2
7o.., balance sis7 o4s Gc5 sls4o47G52 Dec sSc2oia
Less soo0oooo
.,re ......... 100000 100000
Ne. cash BAL. Ss7o4soc5 sa4o47c52 Dec. saooeoia
BANK CONDITIONS COMPARED.
pv the operations Of the New-YOrk Sub-Treas-
ury in the week ended Friday night. the associated
banks gained $9l9Sl2 The weekly bank state
ment published yesterday showed an average
gain in cash Of only 1900. Other changes were
equally insignificant and IN fact. the statement
was noteworthy merely by rejecting clearly the
complete stagnatiOn in all branches Of business.
The decrease in deposits was larger than otheT
changes demanded but even this discrepancy
was not at all important. The result Of all the
changes was gain Of Sl72.22j in the surplus re-
serye and the banks hold in excess Of legal re-
ouirenents $74ll36 500 against deNclt OF Sl,-1o.-
go in the corresponding week a year ago, and /
surplus Of s23,O53.S00 az the same time IN the
preceding year.
The changes in the corresponding week in three
preceding years were made up as follows 1885 /
Loans decreased A303 300; cash increased ~ /
oSS 100. deposits decreased 1853 800 and surplus
reserye increased s30l2.550. lSs2-Loans de- /
creased s. 057 500 cash increased S2S02soo; de- |
posits increased $4,000 and surplus reserve in /
creased s2s5G65O ls9l-Loans decreased N.SsI6o0 /
cash increased s06.60o: deposits decreased g. /
Oj6 200 and surplus reserve increased Sl,22O60D. /
Subjoined is Saturdays statement compared |
with the corresponding dates OF the preceding |
two years: 49,
Specie ............. al257sco - s533co 81 o44 soc
tposiis ....... 524O47G1o 3so47G 200 $50 100 coo /
CIRCULATION ........ $500 6025.3oO 99sO.Go |
The following shows the relation between the |
total reserve and the total deposits at the re- |
spective dates:
Specie ........ sol 257 800 sea $1,000 s9loi4soo
Jgs.,enders 49,. 62.sl7sco 32jo9.2o i3o&i'"o
Reserve sis4 o75 100 $50 3o2 800 1921 sSs 40
against deposits. lsI.ollsco 97eioo5o l47.275.Coo
Surplus ......... s23ocs 800 'si25e55o s7i.lla2oo
Percenfage %o.f --'A 49,
'psacit
The following table shows the percentage OF re,
serve held for each bank II should be observed
that the National banks are required 10 Keep d
reserve Of % per cent and State banks one OF 10
per cent,
Banks Loans. speeie. Legal p,pos vs., ~;