New-York tribune., 1895-02-11
STOCKS STILL HEAVY
BOND BUSINESS EFFECTS.
OF THE FEDERAL TREASURY
CONTRACTION OF BANK LOANS.

from customs S2.l4,lSo, from lH'ei"o revenue "''
ss556i and from miscellaneous sources sS4io-o'
total from all. s496771l, against S'69oolo IN 'he
n~cced,ng week. The weekly Treasury statement
showed a decrease of sl.S0S,744 in the available
cash IN vaults. and deposits in National banks in
creased s2s257. The receipts for the fiscal year
70 date amount to $685. 9G67l7, the receipts for the
month 10 date Sc 77o $780, the expenditures for the
month TO date s9660 3SS and the expenditures for
tho fiscal year so fsr s2Sl 3l5 the excess Of eX-
nenditures over receipts being s37.169.59S.
The principal weekly changes in the vaul: bal
ances were made up as follows: A decrease In
the gold balance Of s226s5S, due to decrease IN
the coin and bullion item OF s240,G4i. minus de-
crease of sS 800 in the amount of outstanding gold
certificates. which, of course. returned 10 'he
Treasury and offset the same amount iost III CON-
an increase in the silver balance of SH'Sl', which
Is the sum ofsa gain OF Se6l 933 in silver coin anu
bullion and a decrease Of sSs3Sst In outstanu'hs
silver certificates (Which returned to the treas
ury) and decrease in the legal-tender oaia".e
OF slS22 052 which is the sum OF an ihciease ~ 80
the outstanding currency certihcates oi e-
ara q decrease in the amount of legal-tenders III
the Treasury Of 81, ,592. .O52. Holdings OF ->u'O
hank notes increased s434.SlS Treasury ho'.s
,sr ,,o ,au NJ 1890 10 the amount OF W.
ose returned 10 the Treasury in the course oi o"
nose ard Tho amount Of these notes IN cipcua.un t
was decreased by this sum 10 sIio'Vi-,c1SS -
Treasury's liability for the renciptS' ~, u danos,s
al hank notes dccrea sed S3750S6 and the deposits
OF lawful money on that account now are sze'e's'-
O5l. , ,,rorel
with that Of February =:
Feb . Febe Differences
Gold coin and bulI
,es Sn less sac 90 2sG s42Oi5 SO Dee sc2G"'3
rsss a: 'Sse s5se Dee Dec sii
,Isca,As n9t,s. ~ ll5oloa4 1524o7si Inc. CAS- sl7
Cash IN c77 2ee $Is7ao9.5 Dec .sssoOi
flonai hanks % 1881 i32 14.s.2.aSo Inc. 2929'
Available 40 35s slC3 c7i GA Dee 81 s7t
IiIilies ''.D 9ioeose5 2ias7.s2 Inc 2''44'
Aetna, ob hal si44 $50 .oa sl4o 81 lod I9l
The Treasury is short on its slOoOoV.ooo in goo goo
reserve s5195i667 or it was SO on IhuIs1aY nlse III
last the conditions OF WhicA uaE are ieiie~'e" '''
this statement.
BANK CONDITIONS COMPARED
pv tho onerations Of the Sub-Treasury in this
city during the week ended Friday night. the
associated banks gained sl,So1.Ss5. The weekly
bank statement showed decrease in loans OF
s57as 500 decrease in legal-tenders of Ss.'id5co
and an increase in specie of s70s4o0 the decrease
Of total reserve being s6.0S1,900. The statement
Is certainly unfavorar!e on its face. presenting
MS ii does SO large a decrease in loans Inc SUM
Of sl22lO5o0 was withdrawn. as the uepos'S
show. and about S6.OO0.Ooo went back 10 the
banks as the decrease IN loans ind'catess bu, bu,
what became of the other s60ooooJ! Anu m.,a ao
transaction accounts for the shrinkage IN ioaiis
,rhe only transaction which offers any eXpidna'!o
is the arrangenen. of the Brooklyn " nal lauS' -
y~hich was really consummated last week mat
,'.e,red a yyi,hdraiyal OF ab1Vt N2.0O0,0OO from
me hanks here and possibly the missing so'Vov,
600 called for by this statement hes III 'he nroon
I'm banks and trust companies coihpal ~. 49,. -
MI tate
es;irs and shows that while the ioahe in eoo iian ~,
increased ~ twelve months ABOUT s"-'uoo'I I Nc
;, h,r,s' liabilities Uhe deposits) are hea.i3 oa
,nn .rne cash however. has decreased s920eO-
001 IN response 10 the loan movement. Cnuv'
hese circomsanees ,h II = Sabs Prsagf Mil continue for
.,-,. zinc The result of all the changes Was
decrease m the surplus reserve OF SZ'9so;-S an
IN osrks I hed In s sxcsss M 90 ths previous week
ana against sS5.6s3.1O0 in the same week oi l''f
and si72io575 in 1893 ,ho corre-
sn,nding week in the three preceding EAR
= IS94-Loans Increased slS0H5OO cash decrsas as
saoSs2oo deposits decrease .e $50 sN
decreased 800 cash decreased S2.Si1'lOo. De
posts decreased and surpus sed s.
co.. -00 cash increased sl.54S.s00. deposits m
creased Sc 195 200 ard surplus reserve increased
s9l2400 .,,o,..,, co,rnared
with tn corresponding dates OF the pr@'eu'"s
s.s4 Es u 1 ls5 s ,.a:sse 4a: g 8 tss -
lssr- '''-''''''' 70 0l4 iO7. 5g1. 100 S22G}HD
.Vsers *, ~, So llI.37s.lW - elnf,
l S":i'.''' ~ lS 'S.i!s 3 i5s go 80 II 5Ss "a 90 90
Clrcu;StiCrr '''''-'' -
rtc following shows the relation between the
total reserve ard the io'al dcp's'' ol INC ''
spective dates M -, .. ., r., q "a,
ga -. o00 siD7 -g, 700 sSe eG3 400
sfecic -, a. IN, III 37s 100 NJ 1911 coo
J.egs,-icaders ''-''''' '''.'
-, . .s1to III 200 seIa III SIC. .s5i. .yo
Reserve cG.;.S' -, GAG ~, ls35il1OO 1873 Gss Gi5
- en;-5 sei Cxs 100 s33 76G 225
,@nip ~ .''''''''' "s5 40 81
rh. tnilowing table shows the percentage OF re-
eerve held for each bank. II should be observed
that the National banks are required II Keep a
reserve Of % per cent ard state banks one OF 10
per cent:
Ranks Loans Specie. LegalS. Deposits. P.t
u A 10 500 is0OOo Gao 900 i. 100 600 s. o
Isb y, Man Co loi 203 900 3st 900 10 100 900 b
Merchants Sis 200 o6s 200 900 10 90 D @ 20 90 " "