New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-25
STOCKS MUCH BETTER.
FEATURES OF LAST WEN.
OF THE FEDERAL TREASURY
AND THE CITY BANkS-bO>D'
MONEY AND EXCHANGE
Sunday. March 2i-p. m

Sunday March 24-p. m
The United states Treasury received ia'' WEN
from customs s362S.745. from internal leoen"0
So14i952 and from mscellar eous Soui
total from all S6.174.2j1 against S'''i''''' - ~
od;r, v.eeL The weekly Treasury statement
s,ovod decrease of s132O5S IN the aNaiIao.e
cash in vaults and an increase OF >-'-S4'olI !" 'e
octua1 cash balance. which - now $ie'''f'-o''
deposits in National banks decreaseu $oo'o''' Inc
receipts for the fiscal year TO date amount u
s92o -ss $50 the receipts f5r the month to date
40 90 sos the expenditures for the month to Gat9
500 aaS 01s and the expenditures for the hStaI
,ear so far 500 1880. the excess OF expenditures
over receipts being S5'15 WI. 10,
The nrincipal weekly changes in the Nauit "di-
ances we're made up as follows: An increase IN
the gold balance of S60Q995, due To decrease III
the coin and bullion item of s2.3OO'OO, minus me
decrease Of 81 699 sos in the amount OF outSahdln6
gold certificates. which. of course returned 80 IN,
Treasury: an increase in the SILVER otla.'' -.
5000 63S which is the sum OF gam OF SSZ1>V- u.
silver coin and bullion and a decrease "a F''''o"'
in outstanding silver certificates: and decreaS"
in the leeai-tender balance OF N'9'',7''' VIM, -
the difference between a decrease III 'ic VI''S''"
ing currency certificates OF SloOOoo anu d ueN
In the amount OF legal tenders IN lhe iit7Su'S We
st437475 Holdings of National Ddhk me- ~
creased S65S21 Treasury notes isSueu t', w. w
law of 1890 70 the amount Of 81 lA9'-5d IeII uo
treasury in the course OF business ana tle
amonnt Of these notes in circulation Na 60 az
creased by this sum to SllF'Sl 80; !iInoI hank
mr. iat,
notes decreased slS4 29i and the dep0s cSs %
fuI money on that account now are -''o,,,,orod
Subioined is Saturdays Statement
with that Of March 10: on Dearen-os
Gold coin aad bull $4,000
less certih- 500 ,4oos7 500 al O>c Inc sGoo995
L notes less 50 cseo.5 s2a,ss1o Dec laa7 a53
certificates 5Ols3li 49, G'3 Dec. "'C-l
silver ,.n collars lars e snd 90.
bullion bullion: iess GER 177e4 &c Is COZ G3S
- s,o, 40. . "a x,o6 -O6 isi Dec SlOl i6j
n, ,ona banks. 15O4ooi7 15.coa-2 Dec o9'
,r,,oh,o cash ssli Gl9 sec s9ii5l55os Dec SiS2o's
Deduct minor ia es s>4 800 259Cs 22l Dec. 24iGCGs
Aetna, cash hal sss 264 SO s1s5 2s7 Inc. S?2si6i
The Treasury is short on its SlO0OVOOoo III eoiu
reserve s925S91S or ii was 50 on Ihursaay ilsilt
last the conditions of which day are FeIlec'eu III
this statement.
BANK CONDITIONS COMPARED.
Rv the onerations of the Sub Treasury in this
o,tv during the week ending Friday night the
associated banks gained 81. 1925. The weekly
hank statement showed n decrease in loans OF
81 35l 600 decrease in legal tenders OF S55ol4oV'
and a decrease in specie Of s2i5$200, the decrease
OF total reserve being s5Sl46OO. The statement
again reflects the movements of the Dohd SNIiui-
cate and not conditions Of commercial business
The decrease in deposits was $9.449.S00. OF TINS
"a 35l 500 apparently went L. pay OIL loans - 10
300 Din spece) went into the Sub-Treasury IRON,
the repository banks, and the decrease IN Iesdl
:nnders So 361 400 represents a sum when the
syndicate drew out Of the banks con checks i9r
bonds bv people who bought the new : at ll-.[V
ana locked up. With the sum Locked up ~.
previous week, the amount now reseENeu - "''"'
ST 600 600. , 49,, s,.,,
II NAV be useful just here II review the syn
d,cate's apparent action up To date II caused IN
first place $S5OoQOOo in gold to De pa pUt m i'e
Treasury where it Is practically locked up o..
cause no one seems willing 10 draw II ouI, ~
least 4 premium Of 3-l6 was paid ior SoIu ITO"
,,ivate store last week. in the street. ny an III
s,iirtion which under ordinary circumstances,
would have drawn the gold out OF the SUI
Treasury So one is not putting II 100 SUI ois'!,
to say that s352o0OOO Qeast estinateJ Is T5a
ua there out OF borrowers Teach. tnt
hanks and trust companies which advanced thal
surl have not yet been reimbursed ana theS
viii not be until the operations OF lhe - HuiC".e
are shed. hut they are content for they are 10
receive the profit reaped by selling bonds "hich
cosi them lo449, at 1l2.25 ,oo-
The persons who bought the new 4s at ll-.-o
maid into The hands Of the syndicate managers
checks which if the bonds distributed here were
half o. the whole issue. must represent aDouS
SO 900 00c At this point consider me position Oh
Nessrs Belmont and Morgan toward the supply
II money AT this centre. They had caused soo,~
coo 900 in gold 70 be placed secuIel! III tne 49,
my: they held checks for SAC. 100000 more which
checks they could present when they pleaseu ana
do what they pleased with the money lhdt t"e!
drew out In view OF the panh s'd'ei.e.i'a W.
a week ago and yesterday, II appears that Inv!
have been pleased so far 20 present cAecks, Gnu
take out money, to the amount OF about Sl'VoVoo
ana they need not stop until they have drawn
n,r the remaining s2S 600 900, more or less repre-
sented bv the checks still in their hands II
these checks are certified. as they doubtless are
50 much the better. Now, whatever the sYhui-
cate wanted to accomplish (and 1t surely wanted
70 accomplish nothing not patriotic ana goou IoI
the commercial interests Of the country IL can
hardly be doubted that 1t couid "lthoId" i.iy
$40 600 600 from the loanable money in TINS cenue'
and that II has already withdrawn fully A6.oOV'-
0OO-s35, 900 Of which is In the treasury anu
81. 900 600 in safe keeping elsewhere
The result of all the changes in the banks our
ing the week was a decrease in the surplus re-
serve Of s3452275. and the banks held IN eHcss 81
legal requirements 13.14t.10O, against I'J9o't'o
the previous week. and against $I9CI',61O IN the
same week Of 1894 and s924@2 200 in 1893
The following are the changes for the CORE
spending week Of the three preceding years: IsSA
Loans increased $25l6 200 cash Increased $Ze-'-
100. deposits increased s4l99.O0o and surplus re-
serve increased $775,35o. lS93-Loans decreased
81 sS5 700 cash increased S2,5Ss 900 deposits de-
creased s2.456,70o and surplus reserve increased
ss.2O4O75. 1Ss2-Loans decreased %224,4OO cash
increased $780, 800 deposits decreased ,lSL2OO and
surplus reserve increased $l,sO7,I25.
Subioined is Saturdays statement compared
with the corresponding dates OF the preceding
two years: ~ 81, NJ. ., -, a. ~, 20
4 M g, Z. "a 90 4, s IS
P frPSnasion 5Sis5oo i@4$ooS 1866 20
The following shows the relation between the
total reserve and the total deposit OF the re-
spective dates:
Mar o. 90 MAJ. - 81 Mar. % 90
snecia .... ST. t-.s 80, SOS. go SG5. l2o 400
Jeyal-,enders -.. n 4aJtsD 1854 coo 10. 800
Total reserve ...siIs1l93oo s2i5l94Ooo $500
Reserve required % oo. g., -,
against deposits 1U'SiGlO l3GllO"'o l-''-oi nv
Sr-n!rs ....... 50 2t2 200 S19O716Jo Sl3, 1fG 100
psrce,h oe 81 $50 rs
The following table shows the percentage OF re-
serve held for each bank. 1t should be observed
that the National banks are required To Keep a
reserve Of % per cent and State banks one or 10
per cent:
Barks' Loans Specie. Leg1ls. Deposits re
Blk y y A. 3G0GOo 10000 l2.32ObD = !
B< ~ Man Co. l3 2sOOO l053O0o 254 900 1899 600 - 5
Merch Nat s,29 600 7O2 200 427 100 $4,000 =. :
Mechanics POI III 227O 500. 900 - =
k OF America IT 2J00o e55G0O 26s9 100 Il Cos 600 =
pheniN Nat. 4,J2J,OD i.l1GutD 20
Nat CITY. ~ 200 77e9ooO $50 400 % ~ 900 80
ahemeal Nat $500. 100 O q e2 100 81