New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-18
STOCK MOVEMENTS.
NARKED UPWARD TENDENCY.
CONDITION OF THE FEDERAL TREASURY
WHAT THE SYNDICATE Is DOING.

SUNDAY. March Up m.
,,4o Tinted states Treasury received last week
from, customs s2973O5l from internal revenue
60 a5S 37e and from miscellaneous sources sS4o-''
total from all s55S,45S. against So'o'eI4V III tue
''''' ,.,o, The weekly Treasury statement
houoa a decrease of s'"S5' IN the aValiahie
.ash IN vaults. and decrease of $2O3S7 in the
20 ..sh balance which is SlS3, 264.676 deposits
- >,.,o,o, hanks decreased $Ss6,sSl. The re-
,.s for the fiscal year to date amount TO SEA-
&c. oqo the receipts for the month To date $l&-
-ss 7as the expenditures for the month to date
s17Os1O74 and the expenditures for the fiscal
wear so far S264 2j3O37 the excess of expenditures
over receipts being s3e5SSO91.
The principal weekly changes in the vault bal
ances were made up as follows; An increase III
the gold balance OF $4l7072. due to an increase
;r the coin and bullion item If S$SI4l2. plus the
decrease of S2966o in the amount of outstanding
gold certificates which. OF course. returned To me
Treasury: an increase in the silver naiahce oI
ssle $50 which is the sum of a gain OF S2%o'o'' IN
sn,.ar coin and billion. and a decrease OF $Ss476
,r outstanding silver certificates; ana a de-
oroase in the egal-tender balance of s643264
-, :. tho difference between decrease in the
.,,.a,ordi,, currency certificates Of S2IOOOo ana
-, u, the amount If legal-tenders IN the
-,e.surv of 1913 264 Holdings oi Natoha' p'i,h
notas decreased $SS994 Treasury NOES 10 Hoe
nd 10 law OF 1871 10 INV amy
uhoei WI r l~ I'm the course OF business. and
49, o,nount of these notes In clrcuimtoiI was
Increased bv this sum 10 Sll"ZSZ'lZ9' ihe ! i,
lo. 1,h;I;,v for the redemption of National
uIS ntes decreased 1854 $50 and the deposits OF
ian,Fni money on that account now are $Z"el'lo'
Subioned is saturdays statement compared
with that of March 3:
wiz" March O. March 49, Differences.
Gold coin and bull
ion less etr''" $50 1913 ol5 $50 oOs7 Inc. A7o72
notes less s. $50 300 s6sso45 Dec c4s 264
~, harr notes " 31OsSos 5Ols,S14 Dec. N3%9t
Silver dollars and
, 19,ron Tess 17iAs7t 1776l2o3 Inc 6l9s$2
Cash IN Treasury slse go oo3 sis6 64e Inc s$o9die
,IPonai banks 15A27 ses 15o4oel7 Dec. Ss69sl
Available s21l 72e sol s2ll Dec. s77.325
D SI,t,e, ,no, IS 25s aes 2sSs4sao Inc 126522
Aetna, cash bal SIS 4es 5ss ss3 2e4 s2oss57
~, Treasury is short on its 500 600 600 in gold
reserve 9s59913. or it was so on Thursday night
last the conditions of which day are rehec'eu III
this statement
BANK CONDITIONS COMPARED.
nv the operations Of the Sub-Treasury in this
CITY during the week ending Friday night Inc
associated banks lost $l,S11,l3S. the weekly
hank statement showed an increase IN loans Oh
s3252 200. a decrease in legal tenders OF S"So"soo'
and an increase in specie of S3iS6oo the decrease
% tota, reserve being s755S 200. The statement is
ainost wholly without value as an indication 81
the condition of the financial community! ana 'he
only safe assertion about 1t is that IT reec's oPe
atoms of the ACKNOWLEDGMENT syhdica'e, a ~
principal point Of interest me uec'ea ,s
i, legal tenders OF Sl,9OLSOO. whlch j. Vti
tainlv not due TO any transaction OF tills
week. but. probably, 10 one OF ABOUT W.
u.eexs ago when the syndicate received
checks for the bond purchases ta1 ~ a..
If these checks were not presented uhtll ms
week that would account for the statement OF To-
dav If that were not the case, it would sno"
that about IS 100000 was locked up in the SUB
Treasury or in institutions OUTSIDE the CledIlms
House but there is no evidence OF Such al VPVt
lion Did not the managers Of the syndicate
simply lock up the missing millions TO tghteh tle
money-market? The result Of all the changes
VS. p decrease in the surplus reserve of s.. lSs-
$50 and the banks held I'm excess OF iesa re-
quirements $l759S u.s. against s22 7SS625 the pre-
vous week and against SUL5V2.5oo IN the sdI'e
week Of 1894 and s6039125 in 1888
The following are the changes Tor the CORE orr
spending week of the three preceding years 1874
Leans increased $310s 600 cash Increased ~
sss e25 deposits increased s1,l62,l0o. and surplus
reserve increased s166S,s25. 1S93-Loans decreased
s54z. cash increased sSSop: uep1sS
81 20; $50 1ss2-Loans increased N'I2o 'oo: ca s
increased s5S6,100. deposits increased s-''ol'fVV'
and surplus reserve increased S3,2oo.
Subioined is Saturdays statement compared
with tine corresponding dates Of the preceding
two years: 80. A., - %. Mar 1s q,
Loans $40 9ss 100 s4s9 90 90 90,
b IeSa:ndsT' @ 500 500
The following shows the relation between the
total reserve and the total deposit or the re-
spective dates: am
Mar IS 'a3 II. '9+ Mar. ~ 70;
s,ecie s S6l,5t3oO
Legal tenders 44,3S9,S0o ll3 foSsvo '''o''"
Total reserve 500 400 s2l2 900 sl47 222 900
Reserve required .. 90 ooo On,
sgrnlu. ss'oss,2s s7aoa 800 '7'''' SO
The following table shows the percentage oil re-
SCI Ve held for each bank 1t should be observed
that the National banks are required TO keep
reserve OF % per cent and State banks one OF 10
per cent:
Banks. Specie. Legass. Deposits 4 c:
A.13.070 100 $50 100 234o 90 lS02QyOV -
Pk Man Co... l3 40 90 400 600 10 s13Vn 80
Merch Nat s575 900 10 700 % S9o 9s9s S9 2sS
Bk Of Amer u e72 300 1915 300 0j3 80 ~ s22ooo5