The times. [volume] (Richmond, Va.) 1890-1903, 1896-12-27
ENANCEA ND COMMERCE
me- CLOSING oUOr ATOMS OF
MONJB.
Offerings and sales nj tho Richmond To-
bacco Exchange--internsi Revenue
CoIIections-Forcign Advances
WEEKLY BANK STATEMENT.

Reserve. increase ........-.s'.''F' 81 80 IN
Loans. increase ..........-..s.'' 80 con
Specie decrease ......s...s'.-'. o., 80 ,,.,n
LEGAL tenders increase .....s.s. ,fnn
Deposits, increase ..........''.' -. 1tn
Circulation decrease .....'.'...
Tho banks now hold S5tSv9.eoV IN eN-
80 of 25 per cent. required by law
Thc New York tinancier says 'i'S
week: ,eo,,,oa Ranks
Of New York city for tho week ei ir'.s
days. and reflects. above eVefylhihs 90,
the listless condition incident 10 " i" in
In Stock Exchange and commeI,lhi -
cIes Despite the calls Tor cllic..SSs
IRON This centre. which set ia after the
several large western failures. ana u@'ihH
report an Increase of $l,5v.,VVV III t' ,,i.
the gain of S2,OeOCvO IN issal -
HAVING been Offset by a ocll CUE
y4S3COO In specie. There was an 49,
SION OF 1861. 800 in loans which coh.ns
after the Increase Of $3.1lI'vVV LOT wv
week previous. and tho large e1ln OF p' .o
ccdine weeks shows the dullness mo
which the market mas fallen. S"N ~.
very moderate increase reporter
made at an advanced interest ht Va = ~ 80
effect OF business troubles in tho Nose
and the approaching January scttlthoi.e
period having operated 10 Ialse Iale' vi
both call and time loans. rs the ioah ~
creaSe of Stl. t.lt 900 since November ttH
bss been made at constantly reduced quo
tations the advance for the current Mcth
does not appear logical, althonth II -
generally thought That the nimer tohs
will show no relaxation until &Allef VIZ
lst OF the year Ia the meantime, ,he
excess OF idle money In New YORK grows
with every statement, the surplus icseI re
OF 81 3Ei.9 800 now reported BENG lhe
highest since September Z. 1880, excepting,
OF course, The several weeks pieceulhB
the February bond loan. when the Ne"
York banks were accuinulaunB speClo.
The conditions surrounding these TWO
periods of high surplus however, are
largely different. on September Z, 1910,
the loans OF the New YORK banks were
S3l 600 90 higher than at present ana
deposits were sol, 900. 900 greater. AS
large proportion OF the loans made bF
the New York banks since election nave
been on sterling exchange, II VIII Dc
seen that the course OF the money mar
ket Is now dependent in part on develop
ments affecting the price OF Sterling, ana
further Strengthening IN the price wiz
doubtless tend toward maintaining bet
ter interest rates here. Al any rate.
there is reason 10 look for this result
during the INST part of the coming year.
and n Is perhaps due 10 these antlclpa-
tons that the rate Is now stichs lhehlhs.
although the accumulation OF idle money
continues.
Comparative statement:
Dec. 20. 90 Dec p. 90. Dec. ~, VI
sis7. 763soO sl7s. 4Ge5oO s492 $4,000
7o,7CsOOO G7.1l42oO TS,7CoOoO
$50 5000 200 74.9O7soO s,ssl, 100
Net deposits ... 800.
52j s37 200 sol. $50. 800 go, POI, 400
Circulation
10 100 900 13,N2OIuO 1,2J4, 100
Total reserve
16J. 100 200 14l. 2l2 900 112 J9l, 100
Reserve required
13l .4jJ 800 125,2l2, 80 l3t, j., 500
Excess of reserve
- 800 800 1888 GO -. 2fN 80
TREASURY BALANCES: Coin, SILL
872. 800. currency. SOL, O2O.Cl4.