In recent work by Kabat and Taylor, certain Matrix theory quantities have b
een identified with the spatial moments of the supergravity stress-energy t
ensor, membrane current, and fivebrane current. In this paper we determine
the relations between these moments required by current conservation, and p
rove that these relations held as exact Matrix theory identities at finite
N. This establishes conservation of the effective supergravity currents (av
eraged over the compact circle). In addition, the constraints of current co
nservation allow us to deduce Matrix theory quantities corresponding to mom
ents of the spatial current of the longitudinal fivebrane charge, not previ
ously identified. (C) 1999 Elsevier Science B.V.