New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-01
THE WEEK IN STOCKS.
A HIGHER, STRONGER MARKET
CONDITION OF THE FEDERAL TREASURY
THE BANKS AND THE SYNDICATE


Sunday March 3l-p m.
The United States Treasury recelNeu last wen
from customs s3377.750. from internai revenue
s2I13113 and from miscellaneous sources sl'oi''
total from ALL s56216l0. against sol'f-'' III '"e
preceding week The weekly Treasury s'a'e.'
showed an increase of $685.. SSS in the available
cash in vaults and an increase OF si'lo io' AZ -"
ac,ual cash balance which Is now $lSI463 432; de-
posts in National banks increased Si"''''o' Inc
receipts for the fiscal year to date amount 70
sooe ,,s -ss tho receints for the month to date
s2547o575. the expenditures for the month TO da'e
so5 7O4 7s2 and the expenditures for the fscai
year 80 far 1872 s7e7H the excess OF expehu''
over receipts being 1885, ,977. The near equality
ho,vaer tho receipts and exy enditures for March
is most gratifying.
The nrincipal weekly changes in the vault pal
ances were made up as follows: A decrease III
the gold balance of sl07.555. due TO decrease ~
tho coin and bullion item of s4l0,l53. minus the
decrease Of s502 500 in the amount OF outsta""''7
gold certificates which. Of course, returned 10 'e
Treasury: an increase in the silver paiahc' Oh
81 O3S O60 which is the sum OF gam oi S''o'o 80
silver coin and bullion and decrease OF sol''' ~
outstanding silver certificates; ana an ihO'V" "
the legal-tender balance Of s6l,453, when Is the
difference between decrease In the outs'ahu'hs
currency certificates Of 100000 and decrease III
the amount Of legal tenders In the treasury ~
s25s545 Holdings Of National panK ho'eS
creased 1865 9C4 Treasury notes issued u'iue' TIC
law Of 1890 to the amount OF slo'f''o- iei' '''
treasury in the course Of business, and the
amount Of these notes In circulation was increasen
nv this sum to sl2l3s59l4 The Treasurys Ia
bty for the redemption Of National panK MUGS
decreased sl77O67 and the deposits OF la"iu'
Subi1ined Is Saturdays statement Co'iP'''N
with that Of March %:
March =; March 80
co, mn ' 800 al ose $40 s33. ;27 Dec. sio'5''
c.riiicatos ., s23.s57o se4loo2s Inc g., 81 49, -,
Nnt hank not.s.... i952G23 1856 s3 Dec f-'''of
Silver dollars and
TG"at~s .......... IsIs3su lo5oi9oi Inc i,Gs'O@
Cash in Treasury sloG5oG sio7o322: Inc s'2do''
lTL onai banks. l5ooc32: i5I4oli2 lac o'9o
Available cash. 3i5.5os 2l2l723'' Inc ssS'o'
bIlities .".... 2;9o.2?i 2.7os.922 Dec i2'' ="
Actual lash bal Isl $751; sa 'a2 Inc si9iei6'
The Treasury is short on It's slOOoODO9o IN goa
roeerv. 60 366 473 or K was : on Thursday night
last. the conditions OF when I'd! arr 'e'7O'e 80
this statement.
BANK CONDITIONS COMPARED.
Nv tho operations of the Sub-Treasury in this
c,tv during the week ending Friday night the
associated banks gained s557.l53 The weekly
hank statement showed a decrease in loans OF
SIPS 300 a decrease IL legal tenders OF sZ395S0o'
and an Increase IN specie Of s45s,5oO the decrease
Of total reserve being sl.934.soo. The statement
does not reflect business conditions ana the most
interesting point is the DISAPPEARANCE OF ABOUT
two and one-th.r1 millions OF legal tenders. fIe
sumaby they are laid away w!th the 'hss'ts
millions II the last few weeks. II Is inter
.sting 10 note the transactions or the SUD
Treasury at the Clearing tious, that nave Def
going on since March J. During the month enc
ing to-day the Sub-Treasury has had a 'Ie9i.
balance every lay two. making total credit
Of about 81. 100000. which offsets debts oil WI
that amount anyway; ana It's deol odal ,, nc, na
been notedly small just what TINS lnd'Ca'ts d
wise outsider would hesitate to say. because ms
conclusion would necessarily have to be mere IN
ference The mere transfer Of the government
gold from the depository banks TO the Sup-lreas-
ury does not offer sufficient explanation. -
The result OF all the change in the banks our
ing the week was a decrease IN ,he suipIu
serve If s733050 and the banks held in excess 81
legal requirements sl3.4345o against sl4' i4o'ooo
the previous week. and against ssS'SooloV III '"e
same week OF 1894. and SlO.663.O'o IN 1898
Tn. following are the changes FOR the corre-
spending week Of the three preceding years;
9i-Loans decreased .l.1,5.Io0. cash increased
S,3i2.2oo. deposits Increased $1,000 sas anu AZ
plus reserve Increased H.522.5Oo; ls9S-Loans de-
rrea scd 81 S35 100 cash ncr ased S25Ss9oo depos-
its decreased 2.i56.70O. and surplus reserve IN
creased s32oiO75; Loans de 'reased A'ZZ4,,
silS7.2oO ard surplus reserve Increased S'so'''-'
Subioned is Saturdays statement compared
with the corresponding dates OF the preceding
two years: . - M 49,, On %,
Apr T. ~; Mar ~. % Mar 81, ~,
Loans ............ s352l5ot SAB ~ D sis-2=t a
I@r,caiers 49,. s7..7oo l?e -: 80. q ~, IA.
circulation ........ 5.o2t@o li2iilD l2So""
The following shows the relation between the
total reserve AMI the tota, deposit Of the re-
speCiiVe dates: - M -, 49,
Sp.,io ........ ST. .6.2 500 si2a no S'S3iSiOl
Ine, tenders ....... - ~ 700 i2O 3j2r0 ~. 1000
Total reserve ~ $40 ,a5 500 $50 80 Sl39 i73j.p
required ..., 49,, 90. o-,
surplus .......... sioGa.oi5 100 si3.ai3t'o
p.rr.n,,ys ,...... o. 2T.6
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 OF 10
per cent:
Banks. Loans. Specie LOCALS Deposits I e.
nN Y. y II AI2Gto"o 1000 J. go ND 10000 :.
H. ~ Man CO. 10 TOO od2 90, 23ttOo ~. 1900 -
Merchants Nat. N37s@op 81 100 1000 $500 2l3
Mechanics Nat. pii:ooo l7o0oo lp3 o0 s2siw0 20
I II America 9j9O0 7t2 800 2S3 100 lI.3st 100 %
ph.ntN Nat. rs, tdgup s.j3.uD 3.a32 200
National city 700 7s,55o' 2l9 POO - ,i no 80
mn IN "a itsl ~