New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-09

lie the same QAlc OF 1907 uitb du ih'A't''' VI
SS1 $50 500 in loans raises the deposits so that now
the % per cent rule requires reser'e OF
against 500. 1907 go, the sum required year ago.
The weeks movement results loss of S4,Z15,92o
10 the surplus reserve and leaves y nj @1l.56645O
against S6. 6G2 $50 II The sane da'e OF 1879 The
following are the comparative totals o. he state
nents Of July 81 and August ::
79 7s 81 Ans g;O Inc 5a5s8;s'
bEs s5. sS- S$ ms 5i7 s@S
The following shows the rellton between tho
total reserve and the total deposit liabilities:
se- Jgz 80 80 Aps Sssoo Inc ss sa9f
+s ss sS 565oSo s5saoS Dee si;cO
n:sss ,; s 1850 1850 H bee 4ss35.5
Compared with that of the corresponding date of
1879. the present statement shows Loans increased
S31 500 500: specie increased $40, 0S2 800; legal
tenders decreased S33 900 900: deposits increased.
g43704 600: circulation decreased S1,341,7O0.
The total reserve $50, 500 now Is 2s93 per
cent OF the total deposits against 3O4Z last week
and p. G3 for August 9, 1879.
Excepting for an occasional furry IN the money
market the rates for call loans ruled steady at 2l2a
per cent. The exceptions were as low rs per cent
and as high as 4 per cent. The domestic exchanges
where changed have been against New York. At
-. LOU1 ne rate lbs uttia4ct AA'Hi 10 - '-
count. and at Chicago from 30 cents to Fl 250S1
discount. The foreign exchanges have ruled dull
and steady. business being somewhat postponed by
berucb-talked-abou expectation that rates will
fsDbelov the specie importing point but there were
40 changes IN rates during the week.
The stock speculation during the week was va
RED but upon the whole strong, excepting tempo
rary reaction Oh Tuesday and another decline on the
last cav of the week. Perhaps the most remarkable
fe,ture OF the market Is that, while It's appearance
mas beep such a. to elicit an almost universal ex-
preston Of surprise at IT'S wonderful strength,
fbe figures indicate that about onehaf the stocks
show more or les, declines from the prices Of week
aro. while the fua advances fer The usually active
stocks. except for Chicago, Burlington and
Oalucv Chicago and Alton, ST. Paul
and Omaha preferred Northwest preferred,
Hannibal and ~. Joseph preferred. Illinois
Central Wabash preferred, Contra. Pacine and
Reading amount 20 ess than per cent. Or course
The majority of the losses and the snallness of the
general gains are due to the decline which occurred
late >aulday Included ii the list Of stocks showing
nnal losse, are Lake Shore, Michigan Ceutral Cen
tral and Hudson. Erie Canada Southern, Rock Is
land Missouri. Kansas and Texas Northern Fac'hc'
ONO and Missss ppi, -. Louis and san Francesca
common and first preferred stock, Union Pacihc,
Western Union Pacific Mail, and the coal stocks
other than Reading.
heciqne IN the coal stocks had the trading in
those stocks pretty much to themselves and tWo or
three zines the prices sharply advanced with TIE
prices OF the general market. But the results OF the
companies last SIX months business, - well ms the
present unsettled condition of the coal trade are
obstacle, against the enlistment Of general inter-
es IN the coal stocks. Our estimate at the begin
ning of the wear that consumers carried over some
four of five millions If tons Of the product Of 1879
.....fr lion "a COR
zect estimate II also Is learned that the
system of pushing work 10 the fullest possible Ca
tent for rLree DAYS SD that the output shall very
nearly equal the ordinary output OF "A week, Is ez-
pensiye aud adds materially to the COST OF produc-
tou The Engiperag and Mining Journal, in It's yes
tcrdoy', review Of the coal trade, says: There Is
aIarcc amoaut Of bad faith among the members oi
the coal combination. Il appears 10 be on the III
crease t-c theory being that the arrangements now
existing viii not be broken for q few detected ms
0emeauors. sAe detectOus. however, OF undersei-
iag OyerworkIug. ETC.. are becoming 50 numerous
that nothing short of breaking the combination
viii check them. In fact, 1t is only repetition o.
The workings Of all combinations 10 control trade.
The weakness observable 40 the close OF the week
was partly due 20 the character Of the bank state
ment. SO much has been said about an expected
Importation Of gold, and the amounts That have az
rived having been counted twice-when shipped ah'
when arrYed-tAat movement Of funds IN progress
t. tie interior has attracted little or no attention
IRON spectators. until 1t finally has affected th'
figures 81 the bank statement. Hence the disappont
nelt which tie stGteu ent produced IN specuahV
circles. and what was almost stampede 10 SCI
stock when It's figures fully realized bu
money wiz not yet be tight. The banks still hoI'
SlL556O0o. or nearly per cent, ~ eXces- OF il
cum required by tAe - per cent RUE Yet II .
reasonable 20 expect that the rates for money WI
not long rle az ow as they have ruled during I'd
last eight weeks
MrIl.lY y lNnt nr rRlrIs