The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-01

CLOSING PRlCES-S r. NJ. SATURDAY.
Pacific Mail, so q 351l; Western Union Telegraph,
"a 741s; Quicksilver. 80 33h do. pteierre ed, 40
<2 Mariposs Mining, OK o; c., Co. O. and l., 90 65;
Adams Express. 90 COX !; American Express, ak
q eaA; United States Express. So 5sH; Wells
Fargo Express, SO 81; Chicago and Alton, los
1851; Cleveland ana Pittsburg. PIX o SlX; Chi
cago and Northwestern, 44h o AK; do. preferred.
SIX q 50; Chicago and Rock Island, 1881 1o3X /;
Milwaukee and st. Paul. 81 371f; do. preferred,
SIX 6s4; c.. c. and J. c.. 81 o So; Delaware,
Lackawanna and Western, 1851 o l0s1S; Erie, 2S,S
o 2sA; Hannibal and st. Joseph. 81 o 2lk; do.
preferred. 29X a SOY; Lake shore, TAX q TAX;
New York and Harlem. 1877 a 1870; New York Gen.
trail and Hudson River, l02 a 1929; New Jersey
Central lo7k lo7s; Ohio and Mississippi, FIX
%; Panama. 1llH q ll1x; Toledo and Wabash, l5X
q l6H; Union Pacific. ssx esA.
s.t4 THE MONEY MARKET.
Money during the week remained steady at 2
and per cent Tor call loans. with an abundance
of capital Offering. Discounts were easy, with
sales OF the best grades at and az per cent, and
prime from to per cent, according to date Of
maturity. An important fact In connection with
the monetary condition Ia the ofnciai statement
OF the Chicago savings BANKS OF their condition at
the close OF the year. which shows tina: their de-
posits have fallen OF ip the past two years two
and one-half millions or dollars. The aggregate OF
uCPosAtb uOW 10 $eSiVsVVVS oBstuse SA],004vov w
December 3d. 1872. Here Is found the same fact
revealed by the statements OF savings banks In
other sections OF the country, far their state
ments have come to hand. namely, that the labor
ing classes are growing poorer and poorer, and
are steadily exnausting their surplus earnings OF
former years to bridge over the existing dlfa.
cultics.
THE BANK STATEMENT.
Reference has already been made to the large
1nco nC nj ho noo - a n IA q M
YORK banks These institutions now hold only
sl5,eoi.0oO above the legal requirement.. against
3ls 6a9, 600 last week. The increase In LEGAL ten
ders was 81, OIL 900, ana the smaness OF the sum,
as compared with other weeks, IL indicative OF q
diminished innux Of currency.
THE FOREIGN MARKET
During tho week the Bank Of England reduced
Its minimum discount rate from to per cent
The bank gained 42sl,o 900 and raised It's reserve
from AK to so per cent OF It's liabilities. During
the same time the Bank OF France gained
60 1878, 000f the lowering OF the Bank OF England
rate was followed here by an advance to 4s7H in
the nominal rate for prime bankers sixty day
bills. the actual sales having ranged from AseE to
4 s6Z. Demand sterling remains nomlnally 400,
and actually 4S9H 4S9x. The week In London
closed upon quiet market, with consols steady
and United States bonds 6rm. 1t may be interest
ing to state that since the LIST OF January the
amount OF American railroad loans placed in Lon.
don amounts to about $2s,c0o.ooo.
EXPORTS AND IMPORTS.
Tie foreign commerce OF the port tor the week
was as follows:-General merchandise imports.
including dry goods, $780, os; produce exports,
s3.e11, 472, ana specie exports. $l,577485. The
total imports of merchandise since January this
year were $2ssSs.ls7 against $26,e4S.6s7 In 1874,
and $50 500 2e7 IN 1879 The total exports OF pro-
duce from rhia mort since Jauuary we're
SIG 744. 4ol, against $2o,7sl,4ss last year, and
SIT, al, 4s1 in 1873 The total exports OF specie
since January were $1,000, s2s against S2,s47s7s
last year, and Se,6o1. sl2 10 1873.
OUTsrANDING CURRENCY.
The folio wing Is an Official statement Of the