New-York tribune., 1880-09-27

Compared with that of the corresponding date of
1879 the present statement shows Loans increased
$40 440 800 specie increased. $40, ,130, 200; legal
tenders decreased, S26 $50 300: deposits increased
S64 S23 800; circulation decreased. - 649, 400.
The total reserve 7s, ,34f 500 now 2656 per cent
OF the tota deposits, against 26.77 last week and
2G II for September p. 1879.
The local money market during the week worked
easy at 212G3 per cent for call loans. whilo time
loans ruled at 405 per cent. The foreign exchanges
have been dull at steady rates. and 1t is the best
opinion that little more specie will be shipped to us
from Europe The domestic exchanges have been
without important changes the rates having luc-
tuated only in the discounts" on NewYork.
At the Stock Exchange the business u good
deal demOralized," and lower prices were made
for almost everything. The business in Govern
ment bonds at the Boards was not large, amounting
10 1865 200 but there was a sharp decline in prices
particularly for the 4 l2s and As, which at time
amounted to u per cent The final changes the
bids are as follows Declines-6s of 1881, Is 412s
3, and Is. per cent. Advance-6s of 1850. Is per
cent Wednesday the Treasury purchased
SO 800 600 of the Is and IS at full figures. State
bonds quiet. with so small a business that it
is difficult 10 quote the condition of the market
for Them The nominal quotations, however are
without change
Prices for the best classes remained firm, and for
the more speculative classes there less than the
usual disposition exhibited to press sales because
of a decline in the share market. Certainly there
il no reason why Central OF New-Jersey cGnsOs
should decline in the fact that the stock falls per
cent from such figure so. II the stock has any
value beyond speculative value, the bonds must
be a certain per cent security, and the same IS
true of many other bonds and stocks that hold sim
liar relations. Therefore perhaps the little lnhu-
ence that the weakness of the stock market last
week exerted the prices OF bonds is indication
of a growing appreciation of the difference that
exists between creditors bondholdersD and proprie
tors (stockholders) in corporations The deal
ipcs of course included Erie second consols
which show final loss for the week OF only
o. per cent. The Missouri Kansas and Texas issues
however were noticeably weak and fell gig and 5i2
per cent for the first consos and seconds respect
IyeIy but the later rec0veries equal to / d
and 3. per cent. large business done IN Me-
tropotan firsts from 100l4 mp TO l0jl49l02si; the
principal purchases il is sad were made for German
account Mobile and Ohio and ST. Louis and Iron
Mountain income bonds suffered about Il2Q2 per
per cent being sold down by spectators for the
.' short account. The other movements were only
in small amounts and without significant changes
III figures.
The stock market was irregular during the
whole week and after the middle of the week
very much depressed. closing. however,, with
some recovery and a steader feeling. There is lit
tie to say in addition 10 the daily continents that
have been made. All the usual elements favorable
TO stock speculation are present. Money is easy.
and railroads still show large gains IN