New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-17
SECURITY VALUES IMPROVE.
gEAVIER DEALINGSIN STOCKS

uEATIER DEALINGSIN STOCKS
CONDITION OF THE FEDERAL TREASURY
ACTIVITY IN GOVERNMENT BONDS.
Sunday February 16-p m.
The United states Treasury received in the Ave
hpsness days last week from customs s2,447.S55;
from, internal revenue. s2176237. and from mis-
ceuaneous sources S250.230. Total from all, S.,
S74s22 against s6.i71.O65 in the preceding week.
The receipts for the month to date amount TO
s1S1S4746 and the payments to $685., 0OO max
ing the excess Of expenditures over receipts,
s4lso254. For the fiscal year to date the re-
ceipts are S209 0470; expenditures, 571Ol;
the excess of expenditures being s22, SOC C31. The
weekly Treasury stat ement showed an increase
Of s3i COS, 345 in the available cash balance and
an Increase of s3465s.os7 in the actual cash bal
ance which is now s205, 024 $50
Compared with a week ago the Treasury hold
ings show the following changes: An increase In
the gold balance of S34,Sls,06s. made up by
of g. 500 go in the amount of outstanding certti
Gates, a gain in the silver balance Of sSS6,279,
due 10 a gain Of SoG7327 in silver coin and bull
ION plus a loss OF S6lS,952 in the outstanding
silver certificates. and less in the legal tender
balance of $40 1876, made up by gain of S2S5.092
in the amount of outstanding currency certif,-
Gates, plus loss Of $12513S in the amount of
legal-tender notes in the Treasury. Holdings
OF National bank notes decreased $ll74 70l The
Treasury liability Tor the redemption or Nd
tional bank notes increased SSOS45O and deposits
Of lawful money on this account now amount 70
S22. 800 5C2. Treasury notes issued under the law
Of 1890 to the amount of 81 $50 233 were returned
10 the Treasury, and the amount OF these notes
IN circulation was decreased by this sum 10
SlCs SCI 474
subjoined is Saturdays Treasury statement
compared with that of February 8:
February s February 10. Changes.
Gold coin and bull
Gates ...... s45llsil1 s7993G 80 Inc sS4 1918 oeo
L. S notes. less -
ss5s SSSs S $50 Dee Dee GS
Silver dollars and
tiacatss .... 233GOo42 2424G9Y Inc ss6,27o
Cash in Treas sl77 III s2i G67 Inc s341ls6i
tions banks .... l5,coi.al5 l4o77Gio Dee iA.2ce
Avalabl. cash. Si92 o71 500 ai6 Inc
blities 49,. %, 4e69Os 2l.s4sce6 Dee d53.24s
Actual cash bal $40 800 oes 500 ss4o5s's7
THE MONETARY SITUATION.
Money on call representing bankers balances
ruled during the week az 21a@7 per cent, the
average being per cent. Banks and trust COM
panies quote per cent the minimum. The mar
ket was not active and in time loans very little
was doing, although there was a better DISPOSE
ton 10 lend The principal business was done
for sixty to ninety days at 512 per cent. -Four TO
six months loans ruled at 346 per cent. COM
nercial paper was in fair demand but first-class
offerings light, rates remaining at per
cent for all periods and 1@S per cent Tor names
not so well known. In England the Bank or
Ergiand's minimum rate Of discount remained
unchanged at per cent. and discounts OF sixty
10 ninety day bank bills in London were $50
! 3-l6 per cent. In Paris the open market rate
was per cent, and in Berlin and Frankfort ~
per cent Early in the week the Bank of England
advanced its selling price Of gold bars 10 IS
shiilinss per ounce on account OF the american
demand but on Friday the rate fell to as 80.
The amount of bullion in the Bank Of England
was decreased by fiS52A TO f4s. 10. 400
Foreign exchange was easy and dull. There
were offerings of long sterling against the new
bonds and bills by arbitrage houses against pur-
chasas II stocks fo foreign account. The de-
mand for remittance was light. 1t is not known
vet what proportion Of the bonds taken for for
ilgn account will go abroad. and pending this
settlement the foreign exchange market VIII
closed the week al 4.S7i2 ana 4.s9 for long and
short bills respectively. Rates for actual bust
ness closed follows:
s,,.p. . sas'S; sRs ?I'!; sa2s 81;
Reichsmarks 80. s5A e5ss
The weekly statement OF averages Of the
ciated banks shows:
bsss:: IS 800 81 100 Inc Inc sSS 200
5sassS SsS R Ss 200
specie S7Socso 7cs5sico Dec 7ii25oo
Reserve sos 375 400 sleoo77lo 100 Dec So 2s 800
Reserve required 1913, 1928 1913 2&' Inc 600
surpiu. s4o.Is2 425 s8eslss75 Dec ss.aes $50
The surplus year ago s3,5S,425, and two
years ago II was SI4,o36eZo
The bank exchanges Of the New-York Clearing
House and the stock sold at the New-York Stock
Exchange last week and for the same week or the
preceding two years compare as IofoWs:
Exchange. ESS 4! e s;s = sS S;S q 4
RAILROAD EARNINGS.
The Tribune has printed the gross earnings Of
sixty-seven railroads systems for the fourth
week in January. OF these forty-nne return
gains Of ss04.536 or l21 per cent. and eighteen
return losses of sl13sll. or II per cent. The
whole shows gain Of $500, 725. or per cent. The
Tribune has also printed the gross earnings or
sixty-four railroads or systems for the hrst week
In February. OF which fOrtythree return gains OF
1916 99l or 9.5 per cent. and twenty-one return
losses Of S75 764 or 72 per cent. The whole shows
q gain Of s30l.22I or SO per cent.
Fourth week in January
Is Is com Ssais: Dec lee 'iSsiS ia
Total ca co.'s. s7Cooo22 sss4O747 Inc $3.50 725 80
81 sSs Dec Iss ''iss ss
Total "a 50 o32 0i9 s. 1888 SAG Inc. 1901 227
THE WEEK IN WALL STREET.
Despite the Withdrawals Of gold which are be-
ing made for bond payments, there is reason for
COZ siderable satisfaction over the result Of the
frat payments for the new loan. The process Of
accommodating gold was the chief factor Of In
terest during the week The large deposits al
ready made indicate satisfactory increase to
the Treasury's net gold balance, which. exclus-
I've CT yesterday S receipts. stands at ST9SlS063,
against s451ls11l n week ago, and the outlook
In the foreign exchange market encourages the
belief that gold exports In the next ten months
will be comparatvely small Reasons for such
view are taken from the improvement In the
merchandise export trade over last year, ana
from the belief that Europe will buy American
10 npriOd o.