New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-27
LULL IN SPECULATION.
,,,cES GAIN ON LIGHT TRADING.
.,-7ov OF THE FEDERAL TREASURY
THE MONEY MARKET.
Sunday. January 26-p. m.


Sunday January 26--p. m.
~.o I-nitsd States Treasury received last week
inc customs ss.272.47S; from internal revenue.
..xs15O. and from miscellaneous sources WILL
rial from ALL s6,O5S.457 against s6.747,SS3
IT, n-svious week. The receipts for the month
| sa,s amount to s23.4lO.219 and the payments
70 ."o oss 900 making the excess Of expenditures
, receipts s5,s52.7s0 For the fiscal year TO
".. ,hs receipts ar, s19o97S,27S; expenditures
oa 7so the excess of expenditures being
=, NJ .s7 The weekly Treasury statement
''',ad q decrease Of SO, .095 in the available
balance. and an increase Of $432, 722 in the
eas smoi cash balance. which is now $l7S,1l9,052.
a,,omnared with week ago the Treasury mold
" sbov the following changes: y decrease in
. ss oold balance of $4,8O4,5fo. made up by loss
We s159t5 in coin and bullion and a loss OF
o., sao in the amount OF outstanding certificates;
ssoin in the silver balance of s2126,9S6. due to
stt. ~ s5S1 a69 In silver coin and bullion plus
ga ~ s5sl 1863 in the outstanding silver certifl-
vas and loss in the legal-tender balance of
- zee 72S made up by a gain of $4,000 IN the
srncunt of outstanding currency certificates and
ans Of seas. 1888 III the amount of legal-tender
80 in the Treasury Holdings OF National
ssork notes increased s321,1S6. The Treasury liza
Sa;tv for the redemption of National bank notes
decreased S214.992. and deposits OF lawful money
" This account now amount TO 22,32S, 306 Treas
W w. notes issued under the law of 1890 to the
mount of s5Ol 500 returned to the Treasury.
Sscress ed by this sum to $1l3.034.654
'suSjoined Is Saturdays Treasury statement
.omnared with that Of January il:
January IS. January 25. Changes
,.,a coin and hull
nn: ... $50 s6i17o $50 o5o GA Dec g.. so4.545
= A s aotes. les. -, 80.
notes: iOa R Ins
sny.. dollars end
, eS,9 .. 1795s24s ooos5 go Inc. 2.l2e9s6
r.. IN Treas sls4 400 100 $3.50 4sooi Dec. sso2o1l
p .9Sns banks. Hsn27a Hs1o,2so Dec ao.os4
Available soo PAL a95 slo5 100000 Dec ssoSi,ce5
' sles 2i5s5os5 l7l7l.24s Dec 4asas7
Actual cash baisl77 CSC $50 s7s Iooo2 Inc s4a2 10
THE MONETARY SITUATION
The local money market easier Call loans
,snresentng bankers balances were made at the
s,ock Exchange during the week at and Az
nor cent the average being about per cent.
Ranks and trust companies quoted per cent
the minimum. Time money was shade easier
and somewhat moro active. most loans for all
periods being quoted at per cent. On one day
A trust company placed a few four months
loans at 5ls per cent: There was little red,s,
counting of commercial paper for New-England
hanks at per cent and four months single
name paper sold at 76S per cent. The market
was extremely dull. with little better disposi-
ton, however TO buy choice paper. quotations
for high grade paper sold at per cent and quo
tations were per cent for sixty TO ninety day
bills receivable, per cent fer four months COM
mission house names, 6G7 per cent for prime
and 7612 per cent for good four TO six months
single names. The Bank Of England made no
change in its minimum rate OF discount, when
remains at 2 per cent. Discounts Of sixty to
ninety day bank bills in London ruled at 15-l6
Of / per cent. In Paris the open market rate
was ia. per cent, and in Berlin and Frankfort
81 per cent The Bank OF England gained IN the
week fl.s4367S bullion and held at the close
i47 Sss. 3s1.
The foreign exchange market was dull and
generally firm. the only exception to the gen
srsl strength being in the middle Of the week.
due to the relief afforded by gold exports. There
was a moderate supply OF commercial DIS
against cotton and breadstuffs. but the demand
FOR current remittance kept the market pretty
hare OF bills. The market closed at 4Ssl9 ana
1884, a49O for long and short sterling respec-
lively posted rates, while rates for actual bust
ness were as follows
..rn. sss s;ss. .! Hs1s s!.' ssS5' S;l.
p.lchsmarks s s,. so,.
The following table shows the bank holdings on
the respective dates:
4 ';9 :: q: I: 3: ''s & e:
:s.,: sssss
Circulation ......... i2677.2oo lis2o9oo 1sslo5oo
The following shows the relation between the
total reserve and the total deposits OF the re-
spective dates:
iecait tenders i1s.o7O,sOo iA5s3ooo s3s32s 500
Total sasSs 800 sis'7' 600 sicOns7OO
against isoss5o 200
Surplus. o4sS1s s''sSos A. ss7'7s 80
The bank exchanges Of the New-York Clearing
House and the stock sold ct the NewYork stock
last week and for the same week Of the
prec ,ding two years compare follows:
Exchanges. SAB saS, 9 $50 =.
No shares sod...... 1880 eG.7c2 sS52io
RAILROAD EARNINGS.
The Tribune has printed the gross earnings Of
slxty-eieht railroads systems for the sec
ond week In January. OF these fifty-seven re-
turn gains Of s74O,S31, or 1875 per cent, and
eleven return losses Of $31, 107 or g. per cent.
The whole shows a gain Of s7o9.724, or 1872 per
cent The Tribune has also printed the gross
earnings OF thirty-one railroads or systems for
the third week in January, OF which twenty
four return gains of $46503l. or 175 per cent ana
seven return losses of $55.435, or 1913 per cent.
The whole shows a gain OF s4Oo,5s6' or l2-s per
cent
Second week In January .oo c,.o u .
issS 800 s., ial Inc s7sssl ie
ii companies biO45s 1882 Dec sl.lo' 81
Total ss 8e2 sis seo72S4s Inc. s7os.724 1872
e6mp %sds IN s211o7 Inc s4s3 c$1 15
ro,., q, a. Ico, $50 IS s7o246 Inc s4oa5sc 1919
THE WEEK IN WALL STREET.
Wall Street is satisfied that the proposed Gov
eminent loan will be success. Money market
conditions indicate that sufficient FUNDS 10 pay
for the first instalment have been "lthora"h
from circulation, and that there Will be enough
money to supply current requirements curing
the period covering the first payment FOR the