New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-19
DEPRESSION IN STOCKS.
REVIEW OF THE WEEK
,oxn1TION OF THE BANKs-THE BOND
rssrE-THE FEDERAL TREASURY
Sunday. November 1S-p. r


Sunday, November 1s-p. m.
r.o United States Treasurer received last wool
~, customs $36210l9. from internal revenua
>, 20 ea7 and from miscellaneous sources 1854 927.
...o, from all $i959S9S against s5.OS5.37s in the
...cedjug week. The weekly Treasury statement
.,,wed decrease Of Si.596l ISIS in the net cash
:. vaults; and deposits in National banks de-
iced s5SCl2 The receipts for the fiscal year
. aa,e amount 10 $l2S.3Ss,3l4 the expenditures
,or the month to date Sl9.4SS.OO0, and the ex-
,.rdtures for the fiscal year SO far $3.50 S29 27s.
The principal changes in the vault balances
u,ere made up as follows: \ decrease in the gold
.o,ance Of $751;, S43-by decrease in the coin and
,u,ion item Of $S2,Si3. minus an increase Of
1900 in the amount Of outstanding gold ccrtiii-
.,,es: decrease in the silver balance of sl1S6.-
nn composed Of a loss Of Sl5l.453 in silver coin
md bullion and an increase of s1O345S7 in out
-,oraing silver certificates and decrease in the
,@al.tender balance of s73i921. which is the diff
Iorrence between an increase in the outstanding
Irsncy certificates of $l570OOO and an increase
!, .be amount Of legal-tenders in the Treasury Of
Ng0-9 Holdings of National bank notes de-
s,sased s433.772. Treasury notes issued under the
Mw Of 1890 10 the amount of S22S.S37 returned t.
,ba Treasury in the course Of business and the
amount Of these notes in circulation was de-
creased by this sum to 1922 391 PSI The Treas
urer's liability for the redemption of National
hank notes was increased sl63535: and the d.
posits Of lawful money on that account now
amount 10 $29,5O2.O54
subjoinel is SATURDAYS statement compared
with that Of November 10:
Nov. 10. Nov. Ii. Differences
:ifcarcs ...... seiol5lo2 sci 49, 90 Dec. sIssia
y .;f ssa. notes: s1s5 ss 5 Dec rs sa27
bullion. less CT
Cash IN Trcasurysil5 SO 1876 siiSi25so Dec N5357G
,onai banks. losa792I 1cS&o 800 Dec. 5ScI2
Total balance s2e 7iso77 sl2c i5i $50 Dec 81 $40 iSs
frss Sl0OpO0n0
rsseryc ........ 1oooooooo 1oooooooo .......
Ne, cash bal s2o74so77 s22l51sso Dec 1896 iss
BANK CONDITIONS COMPARED.
BY the operations Of the Sub-Treasury in this
city during the week ended Friday night. the as
ISOLATED banks gained $2.0i1.S% The weekly
bank statement showed a decrease In loans Of
ST. 700 and an increase Of egal-tenders and
specie Of 81 500. 200 the total increase Of reserve
being 81 3O4, 400 At any other time this showing
could not he considered favorable: but. In view
Of preparations for the bond purchase. the state
ment may he favoraby interpreted. For in
stance. the decrease in loans does not probably
indicate a decrease in commercial loans. but
sale Of Government bonds al good prices. This
would appear in the statement as decrease IN
loans, for ii will be remembered. some OF the
hanks consider their nOlclngS OF bonus a. i'dHS
loans Of the Government II is also probable mat
81 700 does not adequately represent the sale of
such bonds. The increase Of legal-tenders repre-
sents about 800 900 paid to the banks by the sub
Treasury on pe2siOn accounts. the remaining
t4Go 600 coming from the interior banks. The IN
crease in specie is made up partly by payment
IN bullion checks, presented with a view ~
"a ;hering in gold to put into bonds. Il is clear
therefore, if these assertions are correct that
The statement has not an unfavorabIe slshin-
,ance. The result Of all the changes was an m
H.. he Ing X
banks held in excess of legal requirements
's2 $4,000 against SCI .6G9,65o last week; ana
against s65,47O475 in the same week Of 1879 ana
4. $50. 925 in 1892. H.,
The principal changes in the corresponding
week in three preceding years were mace up
as follows: 1S93-Loans decreased slZ13.ZVo caSh
increased 50 1871 500 deposits increased Ss.S44 2oo
and surplus reserve increased 1854. 'oo NJ
Loans decreased 81 7365oO, cash Increased SZ,o-'.
700. deposits increased s5SS.1OO. and surplus re-
serve Increased s1.Ss2.025. ls9l-l-oans lhcIeaSe'
*, 400 cash Increased s522l.20O. deposits III,
creased s5.4O2,4oO. and surplus reserve ihc'eaSe'
g. $40. 900. .,. o-,-o-es
With the corresponding dates Of the preceding
two years: ~
sey j. e 90 Sol Sol Is 80 SsS i % 30
sssf - ;$ 55i5s4 SEQ
y ypa,io, ''..... 6G2 100 100000 l1l7O"o
The following shows the relation between the
otal reserve and the total deposits Of the re-
'pectve dates: 49, -, 600
pec 90 300 go, s 9; 3sS 81 ~ 800
Reserve ..sii7 cOs7oo sisio4i5oO s2ilelo'oo
' sssns, dep posne laoas5 n0l7o5 Nc2a $50
sa,eln. s4'ccs33 'c''7G a5 IS S'-''' a4a
The following are the comparative statements
i November 10 and November i:
November 10 Novemeer l. Dims s7 -6o
pecie .......... 1867 ', ~ w ~" nc - .,2G
lls IS 900 rs is9s 800 inc InS
REGULATION ...... ll.2,7@0 l17oVo' Dee """"
The following shows the relation between me
otal reserve and the total deposit Of the re-
'e''' O''' xovelr % Nayemner Il Dinsgs9c c,
,eeal-,enders -. iIeo3GGoo 1l7lsesoo Inc. ll'@2"o
Total reserve. 500 1890 s2l1ciooco Inc slS'72oo
sgans, deposits 14sono,o 14s Gscs5o Inc 5N2s $40
Surplus ..... $oi $50 $50 So $4,000 Inc siao4.ioo
The Clearing House statement for the day was
rs follows EXCHANGES s'SOi2.4ls; ea 1ad eo
4 $50 1872 For the week: Exchanges, $56i, 49,
balances, $3S2iS,Sl5.
The following table shows the percentage OF
reserve held for each bank. 1t should De 0p-
served that the National banks are required 10
keep reserve Of % per cent and STATE pahhS
one II 10 per cent
b XY As5 2ooo 50 2leoo So 900 900 slSgiiYGS ESQ
Aereh Nat loss 100 %5e y" go 800 ~ ~ 600
Mech Nat 10 $4,000 l3'Ivo So ~ 90 % .n,
Bank Of America. 5S5 400 IBIS 10 $3.50 ~,
'heniX Matt. 435G.OOD 5J2vo 5"Vp 90 ,s~
National city % POI 90 as 7.l433Op ~ l"i'Tp
Iradssmels Nat. 23lsjDJ 1850 - ~ -. ~" ~,
chemical 90 800 Cos 100 In" Zup 30 .,,,
Merch Fy ~ SiS.JfD 3Ny4O 43ViN
rals.r Nal q 1871 100 12!gVlO l. s5l0D GItSpp
yst D., q ~, c9i 3fo IA 100 s2s 200 100 200
Mech Tr.ders' . IN 5000 2JJtNV
,reerpi oh 100 600 1900 20 700 ll1N 700
leath Man Nat. 100000 $3.50 $500 "5a ~,
Seventh Nat ... ]. 74s 800 20 SD zirWp = 20 zoo
Bk 81 of y y. 3 1862 coo 40. 700 5lSNb 2itVtD
Ansr r. X, 81 900 72i 900 2J 1864 900
IA, NJ -, ~. -, 30 2,,, DD 2, 5S4 asp - SIS 800
ys, On, 80 300 t2a 5p, C92 5slG7
Ner Nationsi' g73 600 $40 2.37O 400 935I 800
psrs" me, $50 20. Elo -, 2l0 ~; 800 331JJo
IA, d. ,t,. a. yo, 90 400 g7G 200 II N37 100
Chatham Nat =. 5532 200 1Ol73O oll 100 ov,a ~ ~
81 200