New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-05-31

Cnmnared with that of the corresponding date OF
1874 the present statement shows: Loans increased
S15943 600; specie increased, $40 ,4S63Oo; legaI-
tenders decreased $40, 24400O; deposits increased
1897 OOS 900; circulation increased. $377,7OO. Inc
total reserve 100 now is 31.13 per cent OF
the total deposits. against 3O.3S last week ana
26.84 for May 81, 1879.
With the exception of q single day-Tuesday-
money worked steadily easier, and gravitated
toward lower rates. This is partly accounted for
Inv the heavy depreciation in values which has oc-
Cured not only at the Stock Exchanges. but also IN
all the merchandise markets. Since March Is the
city hank loans have been reduced nearly
Roe 600 OOO vet the stock of specie and legal
tenders Shich the banks now hold is $12,OOO'OOO
preater than that held March 49, But the flow OF
money to this centre has about ceased During
the last week, exchange at st. Louis has declined
from so cents premium to par and at chicago from
p5 cents premium to so cents discount, Boston
rulipS pretty steady at from 40 to 35 cents dis
count The Southern exchanges are unchanged,
but they are little more than nominal, and the pre-
miums quoted there bring little or no funds The
foreign exchanges were advanced Z cent to the T.
and promise to be higher during the coming week
But we anticipate no important exports OF specie,
unless Government bonds and other American Sc
curties are returned in large amounts.
At the Stock Exchange the share speculation
opened the week with great depression, and prices
gave way so rapidly that during the early part OF
Tuesday panic seemed imminent But a iudlcious
exercise of discretion by some OF the leading
I" bears" finally succeeded in stemming the tide
and turning it in the other direction. From Tues
day noon until Friday noon there was gradual.
although feyerish, improvement In prices. In the
inward movement the coal stocks were particu-
jarIy conspicuous and Delaware, Lackawana and
Western recovered from 63l2 to 76A, Delaware and
Hudson from 60 to 70ss, New-Jersey Central from
as to 63lo, and Reading from 17l4 to 22Os. These
movements served to brighten nearly all those in
terested in promiscuous short" accounts into
covering and induced q very general buying
for the "Iong" account This accomplished.
The market again readily yielded to efforts
TO realize profits, and prices again fell so
= that in majority of instances the tnal
figures show losses as compared with the last prices
of week ago. Very justly, there is less general
confidence in the idea that the failure of the Read
ing Company will prove "blessing in disguise" for
the other coal companies Already the receivers OF
the Reading Company have obtained the authority
of the courts to borrow 81, 100000, which will take
precedeuce of ali other liens upon the company's
property. To pay this loan, and others of the same
kind which undoubtedly will be made, the receivers
must produce coal and realize upon it, And it
should not be forgotten that 80 far a. the simple
production of coal and its delivery at tide-water
are concerned without regard to the meeting of iu
terest etc, the Reading Company, if worked to its
capacity. can carry on the work cheaper than any
nf tina other companies The business In stocks for
the week amounted to 2507, 764 shares, which may
be classified as follows Coal stocks S72, 300 shares;
trunk hines, 697 200 sharesJ graDgers, 21O,SOO
shares; Southwestern. 195.100 shares: Western
Union and other telegraph shares, 153, 800; and
Pacific Mail, 74,1O0 shares.