New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-06


1879. the present statement shows: Loans IN
creased 800 600 900; specie decreased $236.4OO;
,eoa,-tepders decreased $2636,5OO; deposits in
creased 500 1O2 600; circulation decreased,
81 7S3. 700. The total reserve cS66,571.30O now
is "a IL per cent of the total deposits, against &l9|
last week and 2S.1 | for December g. 1879
Tine money market during the whole week was
srhiect N ,oanipnla tions-frst toward strngency.
and finally to deusive ease. For three days Dor
rovers on call, at the Stock Exchange. were com
pelled TO pay commissions ranging from 3 10 y
mar cent Der day in addition 10 the legal rate. now
unnecessary all this was, If the banks had pursued
a more liberal policy, is shown by a reference 10
tha hank statement of the month of December for
several years previous to specie Resumption. III
stead of holding reserve of 24.11 per cent the
hanks At fin, periods mentioned averaged hardly as
,,ncb as 20 per cent in greenbacks. Blu. the banks
have taken advantage of the situation to place
large sums of money at full rates on long time
loans and therefore are likely hereafter to be more
liberal with call funds than they were last week.
The local stringency so far affected mercantile paper
that first class notes passed at g per cent.
The foreign exchanges weak on the neces-
sitous offerings of merchandise ana security e&-
norters. and on the absence of mercantile de-
mand. and the lowest rates yet MADE were re-
corded There were sales Of sight sterling as low as
"a Al. From the extreme depression there was
rcoverv Of about - cent but the markets were dull
and weak If money during the coming week works
easier an advance rates 10 near the highest
pont that viii permit specie imports probably Will
lie made. The Southern and Western exchanges
nm Ney-York were without notah lie changes but
n, the East the term was from 12l2 cents discount
IN 40 CENTS premium at Boston, and back again to
mar YESTERDAY, when money here was worth ONLY
per cent.
The Stock Exchange markets were adversely al
fected by tho strn gency in money. Even Govern
ment bonds show soma declines 6s OF 1881 anu o9
each Il and 4lss and Is each g per cent nut the
busipess done at the boards was comparatively
email. and amounted only to S46S,0Oo. wednesday
the Treasury advanced its bid Tor Us Oh looo 70
1oozo aud authorized the purchase of $3O0O,O0O
NJ that fynre. The purchases for the whole week
,mountea 70 81 100000. The fact that the Treas
mar vl not remit checks for the interest due on
,h hords January will be a reminder TO the
boId.rs of them that the bonds have matured ana
,roh.hlv will hasten the presentation LOT
nav,nent of such as remain outstanding al
maturity. State bonds were duh all the way
ont Int their prices were pretty wen sus-
famed The business IN railroad pohu' was
not equal 20 the business OF preceding "ecNS' anu
the speculative kinds generally show more OF less
loss from the figures of a week ago Enc ISSUE"
were about a. active as usual. and the secohu oo"-
soils closed the week with loss Of per cent Dos
ton Hartford and Erie frsts were specially active
and show an exceptional gain of Jos per cent mo
bile and Ohio first debentuies lost 34' Canau'
Southern "a. ST. Louis and Iron Mountain hrS1 ID,
comes ls, and second incomes 2Ss. ONO Oeh'i"'
frSts e. st. Paul consolidated, H. ana IoAaS
and Pacific incomes n per cent. The changes
noted fairly represent those OF the usually ac'i'e
bonds.
Although the prices of stocks generally were ue'
pressed. the total transactions for the fuiI "eek
amounted only 10 2,527.120 shares, agspss