The herald., 1897-07-20
OFFICE OF THE HERALD,

there was $3.50, 000, 900 more in circulation at
the end than at the beginning of the fiscal
year that has just come to an end
Coming to the details of the treasury
statement, it appears that there was net
decrease of $1S, 7O56i9 in the total amount
of money in circulation for the month of
June. All the items showed decreases, with
the single exception of national bank notes,
which showed a gain of s1,6i4,624 for the
month The largest decrease was one of
$4655,000, in currency certificates of 1872
and the next largest was 81 ,432, 44o, in sill
yer certificates. Treasury notes of 1890
showed falling off of 50, 7S6, 2O9 gold coin
decrease of S1,075,24S; standard dollars
decrease of 81, 1898; subsidiary silver de-
cline of s1,O7S,44S; United States notes a
falling off of $685., 125, and gold certificates
decrease of s101, $40 The statement show
ing the changes in money and bullion in the
treasury exhibits a net decrease amounting
to 1854, PA. The increases comprised 81
4S0,994, in standard silver dollars; 81, S21 POP,
in treasury notes of $780, and $500 1875. in
United States notes. The decreases in
cluded s2,6Ss 157, in gold coin; $2,o7S.779 i'll
national bank notes; 1851 in subsidiary sill
yer; 1892 SIT in gold bullion and 81 451, 453 IN
silver bullion.
AS compared with the corresp onding date
of July 1st last year the amount of gold
coin in circulation shows an increase of
over $63. 100000, while the standard silver
dollars show decrease of over $1T4,000 and
subsidiary silver decrease of over $40 900.
Cold certificates show a decrease of over
s4,90O,O0O while silver certificates show an
- W. NO to.
of 1890 show decrease of over 81, 300 600,
while United States notes show an increase
of over s2S, 100000 Currency certificates of
1872 show an increase of nearly S29, 100000,
and national bank notes an increase of over
$11, 900 900.
The total amount of all kinds of money
in circulation on July LIST was 81 GAG, OPS 246,
a sum which, as has already been inti
mated represents an increase of over $780,
100000 as compared with the corresponding
date last year. The treasury officials esti-
mated the population of the United States
on July LIST at 1881, GOO. On the basis of
that estimate the circulation per capita
amounted to $22.57. This represents de
crease of 90 cents for the month, but an in
crease of SLIP as compared with the CORE
spending date last year.
y + 4
National bank circulation outstanding on
June Goth amounted, according to the re-
port of the comptroller of the currency, to
1921 1856, 1876 which represents decrease of
S454025 for the month, but an.increase of
$5,4S3, 1885, as compared with the correspond
ing date last year. The portion of the cir
culation, based on the deposit of bonds,
amounted to s2o6, 695 226, which represents
a decrease of $i44,155 for the month, but
an increase of ST., ,297 for the twelve
months ending Herewith. The portion of
the circulation secured by the deposit of
money amounted to $24, 7sS, which rep
resents an increase of $15,017 for the month
and of s4,291,7 57 for the year ending there
with.
While not making as good comparison
in June as in May. railway earnings on the
whole are fairly satisfactory and indicative
of steadiness in progress toward improved
conditions. According to Bradstreets the
percentage of gain shown for June is con-
siderably less than that for May but is in
excess of the gain over the preceding year
autumn. A comparison of the percentages
of gain in the different groups shows that
in few cases did the railroads do as well
in June as in May, and decreases in earn
ings are reported where increases had
previously been Indicated The sole eXcep
ton is furnished by the Mexican roads,
which report the heaviest monthly gain in
gross receipts for more than year past.
Total earnings of 105 companies for the
month of June. according to the same au-
thority, aggregate $95, 226 024, an increase
of 90 per cent over June year ago. The
gain in May, it will be recalled, was in ex-
cess of per cent. but the gain in April was
only 1.5 per cent, in March IL per cent,
while in January and February actual de-
creases were shown An encouraging fea-
ture is that the increase of 90 per cent in
June this year follows gain of over per
cent in aggregate earnings in June year
ago over June, 1885, and this in turn fol-
lowed an increase of per cent over June,
1894. The best showing made among Amer
lean roads in June was by the Pacific group,
an increase Off per cent. In no other case
did the gain exceed per cent, and the
majority of groups either reported de-
creases of small amounts or comparatively
trifing gains.
Since July list the bonds of the republic
of Mexico. issue of 1888, have been, quoted
at par and fraction above. This is the
first time in the financial history of Mexico
that any of its per cent bonds have sold
at a premium
The government of Colombia has offered
the monopoly of the production and sale
of matches for a period of twenty-five
years to public competition. The person
securing the contract must establish fac
tories in certain departments, reduce the
present price of matches from 10 to 20 per