New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-08
THE WEEK IN STOCKS.
DTLL But FIRM NJ A RAJ EFT.
r,r,DrPAI, TREASURY-MONEY AND
THE EANKS-STOCk EXCHANGE
MOVEMENTS
Sunday. April 7-p. N.

Sunday. April Up. N.
r,o limited States Treasury received last week
,n, customs $315f552. from internal revenue s.
400 d from miscellaneous sources 500 9SG: 90
.,,,, all s575i63l against $j.621Gl0 in the pre-
,;,c week The weekly Treasury statement
,,,o5 = decrease Of $3lO00H in the available
-, IN vaults and a decrease If only $%9S5SO in
49,, octual cash balance. which is now $lSIOi4, Io2;
,o,osits in National banks increased $12il6i but
,inor liabilities decreased $2.70l.3A. which pro-
,cte5 the actual cash balance. The way these
minor liabilities fall off when they ought to is
orazing. The receipts for the fiscal year TO date
amount 70 $243 O93195. the receipts for the month
% date $57464 2S. the expenditures for the month
% date 81 j0S 1GG ana the expenditures for the s-
~, year 50 far S2SiS99 $50. the excess Of cXpendi
t,res over receipts being So 2s94 400
The principal weekly changes in the vault bal
onces were made up as follows: decrease in the
c,rd balance of SlS4l2, due to a decrease in the
,oin and bullion item of Sl9S122. minus the de
crease Of S1G710 in the amount Of outstanding geld
certificates. which. Of course returned tn the
Treasury: an increase in the silver balance of
,qs4.50l which is the sum Of gain Of $16Si9 in
silver coin and bullion and decrease 81 $2J>l55 in
outstanding silver certificates; ana decrease in
the legal-tender balance Of $33l2S23 which Is the
difference between decrease in the outstanding
currency certificates Of $4,000 and decrease in
,ho amount Of legal tenders in the Treasury OF
s27522O2 The loss in legas is due to heavy in
,erest payments April /. Holdings of National
hank notes decreased $5l2.O47. Treasury rotes is
sued under the law of 1890 II the amount of $2l53.
ISS left the Treasury in the Of business end
the amount of these notes in circulation was in
creased by this sum II l23539352 The Teas
ury's liability for the redemption of National bank
T,,1
money on that account now are s21196,Gl5.
Subjoined Is Saturdays statement compared
with that Of March 80:
March 80 Aprne. Differences.
Gold coin and bull
Gates $40 c3a 127 500 4'91l5 Dec slS'412
1oc23 4s 2%s Dec 's: S Si3
Silver dollars and
,iaca,es ........ l95o1.eOl 10 4o5 2S4.5oi
Cash in reasurysl97 o32 242 $ea Sae2477>
,ionai banEs... l514o1l2 l5GG4 SO Inc. 524.7G4
Available cash. s2l2172354 ScoaO7234o Dec s31oooi4
6ii,ics .... "a 7oso22 22oo75SS Dec. e,7olsai
Actual cash bal slS7 4c3 $751; oGi752 s39SGSo
The Treasury is short its $l00.000.000 in gold
reserve S9.550,>>5 or 1t was So on THURSDAY hSht
last. the conditions of which day are reflected in
this statement.
The public debt statement Of the United states /
for March made a comfortable exhibit. ana
cash balance showed an increase Of &1@6A !
which is result Of syndicate operations. II is /
curious to note. day by day. how the various /
balances in the Treasury fuctuate without affect /
ing the state OF equilibrium When gold. Legal .
tenders and silver decrease. bank note deposits +
rise and minor abilities fall. that the general
result is about the same The reason and the /
cause Of this are clear, but just how the opera
ton is conducted is not 50 apparent.
BANK CONDITIONS COMPARED
BY the operations of the Sub-Treasury in this |
city during the week ending Friday night the /
associated banks gained 81 i57.764. The weekly |
bank statement showed a decrease in loans q |
SOs5SO0, al increase in legal tenders Of s69,7Oo /
ard decrease in specie Of $l.107700. the decrease
OF total reserve being s33s.Ooo. The Statement; .
does not balance by 81 900 9O0 probably owing T. /
errors in the returns from individual banks TO I
the Clearing House; nor does II possess signih- .
canoe from business point Of view Apparently /
the banks should show marked increase In .
legals. for the Sub-Treasury paid 70 them large /
amount as interest on Government bonds. The /
loss Of specie is not explained; u attribute II 10
syndicate operations would be SAFE susGesuOh' .
but there is nothing which proves such 70 be- the .
case The result Of all the changes IN the hahk\
during the week was an Increase in the surplus .
reserve Of s5l6475 and the banks held in excess .
the previous week and against $50 1888 in the .
same week Of 1894. and ss2l2sjO in 1898.
The following are the changes for the CORE
spending week Of the three preceding years; 1884
Loans increased s6.G2790O. cash decreased 81
ia 900. deposits increased s61527oO and surplus .
reserve decreased $2.S02,175. ls93-Loans in
creased S6s02o0. cash decreased $l,60S,0oo, de-
posts decreased s63l 800 and surplus reserve de-
creased $1450.l2j. 1S92-Loans increased SLID
600 cash decreased $Z276,40J. deposits decreased
1890 600 and surplus reserve decreased S2lIo.1OO
Subjoined Is Saturdays statement compared
with the corresponding dates of the preceding
two years: - -
Loans Si33 2O4 80 $40 42G co $3.50 42>%'p
specie ............ 7l.548Jo 30 G23 600 Gitll3 -"
Legal tenders ..... ti$iil9o ~ 40 90 - C.! . $c9
ben si.s ....... 43G 63S coo 5Ji 43GJtb Isth22|D
&. recitation ......... 5.6jl.30c illl4.10 l3"N4"o
The following shows the relation between the
total reserve ana the total deposit Of the re-
spective oates: -. 81.
sreosa S7l 54GJDD S9. $1,000 So +1l3D
LesAtenders iI.Sil'io II" '"''-p 'f"''"''
Total reserves1is ss7 coo S2l9 422 900 sl39 so
Reserve required 40 a.. ..- co. A. --- +
su-,,us - s92l2a5p $50 797 90 sl3 922 n25
Percentage .......'. 80 "' 49,
The following table shows the percentage Of re-
serve held for each bank 1t should be observed
that the National banks are required 10 keep
reserve Of % per cent and State banks one Of 10
per cent
Banks Loans Specie. Legals. deposits Ic:
A ! go $50 100 l.52O.bO l2v'l'St 90