New-York tribune., 1880-06-21

1870 the present statement shows: Loan Increased.
$3.50. .173 800 specie increased 5,153. 100; legal
tenders decreased, $2170J 100; deposits increased
$51 1863, 1905 circulation decreased. $id1.3O0.
The total J'serve 0Ss6.514.3O0l now is 31.1O per
cent of the total deposits against 31.i4 last week
and ~. .02 for June FL, 1870.
The local money market steadily tended toward
greater ease the week through-a symptom which
is not regarded az favorable for commercial health
by any per< ,ns excepting those engaged III s1rcula
tions her in securities or the products &" the soil
The domestic exchanges on New-York rulri steady
without any changes which influenced the move
ment of currency in either direction. Exchanges ut
the East and Chicago still ruc against Nrw-l0rk,
while those at ST. Louis and the South rule In Our
favor. Foreign exchanges were duil and weak, but
without change in quotations. excepting for prime
sight Sterling which reduced y cent 10 the t
because of the Bank of Ensland's reduced rate for
discount to pig per cent
The stock market during the week was c0mp1r-
atiyely dull the total business amounting only to
1420.5OO shares against g Isl 1886 ares for the
preceding week. Yet after two days oi Hesitation
and some unimpOrtant reactions. the chief chaTac-
teristics Of the market were bucyancy and an ah-
sence Of stocks for sale. Nevertheless the trading
was more nearly confined TO the local and profess
siOnal speculators than weTo the dealings or tho
preceding week, and complaints Of lack or busl-
ness among the commission houses were again IRE
quent week ago the Eastern railroad stocks were
"buled," because the lake rates were 1l2a > cents
on grain from Chicago to Buffalo. Now that those
rates are again down to GaG12 cents, nothing IS
heard abOnt rates. and Lake Shore shows gain OF
1sa per cent on the weeks business, Michigan Gem
trail gain OF 57s per cent, Erie gain of per cent,
and Central and Hudson gain Of per cent. The
talk of prospects Of tremendous crops Is hear on
every side and the Western stocks have responded
to the prospects 10y advances varying from 10 D
per cent Apparently the movements no. are made
as easily as were those of year ago, fol the same
cause. from prices that woro 1920 per cent lower
than the prices ruling
The coal stocks have gone through thelr usnal
gyratiOns--at one ime puhng tho whole marKrt
down by their weakness, aud at another time being
dragged up by the strength Of the general market
and the closing up of "shoTts," yet none OF them
sold during the week high as two weeks ago
when the prcs'ut advance movement was, begun.
The sanguIne prophets of tho coal trade, who since
january have been p rcdictlng for each succeeding
month an Extraordinary demand for coal, nave
finally postponed that much-desred demand until
the month Of August. II those sangmne per
sons would permit themselves TO COIL OH
duction of 1879 about 5000 900 or 100000 tons
were carried over for consumption IN 1850 It Is
likely that they would Cone TO e1nfrSta1n 1 tnt dnt
mt for 1880 probably will lot much exceed
30 600 600 tons. Mr.. GOwen has frequently shown
bv statements aud figures what the result OF such
rsstricted output is to the companies loaded down
with heavy first charges. The statements OF all the
companies for 1873 demonstrated 1t beyond qucs-
tioD. 1870 . ,.
An the week. even when the remainder OF the market
was temporarily under cloud. But iater they were
weaker because of the publication OF report that
was 80 evidently of astOck-JObbng claraclcr inat IL
is strange that il had any effect. Western Union
was active all the week and with no linportamm' am
fluctuations steadily improved III price, nhaiy SeIi-
ing at an advance Of27 7s per cent.
WEEKLY RANGE OF PRICEA