New-York tribune., 1880-06-28

Compared with that of tbe corresponding date OF
1879 the present statement shaws: Loans increased.
$50 38o 800; specie increased. $45 54S 700; legal
tenders decreased 25 1856, 100; deposits increased.
$51 1851, 200; circulation decreased. $751,3O0.
The total reserve %s6.S25, ,900) nov is 31.29 per
cent Of tho total deposits, against 3l-10 last week
and 2944 for June 2a. 1879.
3 Unti1 Friday the local moueg market was steady
and easy and 21a per cent call loans had come to
be the common rate, Friday, licwever, there was
lust shade Of hardening to rates. and Saturday an
active demand was developed which carried rates
70 per cent, with final closing at 405 per cent.
3 In this sudden change there was nothing that was
unnatural or srtficial- multiplicity of borrow
sn. even to SIR aggregate amoaut that is
less than the sums which before have
bosn borrowed by fsw hrge operators,
crssszs a greater demand. and there are
many more borrowers at the end of the week than
there were at the beginnina OF the week. There Is
little deRht thak money this week Will loan % cheap
a. It did last week. and Saturdays experience very
likely makes the turn in ratrs, and it Is probable
that jnst such furries viii be repeated and grow
more frequent as the season advances The domestic
exchanges show EstIe change during thc week. ex-
ceptjnx decline to pm at st. Louis and to so cents
sdiscount at Chicago The foreign exchanges were
weak and nominal sales were reduced to the basis
Of y cant to the g. This is naturi to the season of
tse year, part7cr ixriy with q dull market, when
bankers aie Disposed to open the rates for cotton
bills at low fgnzee.
The stock spsculation during the week generally
kent time to the tune Of rising figures. There were
however periods of reactions aud hesitations, but
those not shifting the "bocks" OF the large specua-
tors were not permitted to be of long duration. nor
to extend Tar enough to undermine confidence. The
SAYING now has become general Bay on every re-
HAT IN nrn lV
: Impressed upon the minds Of the average specu-
lators il is an easy matter for the larger operators
70 market their stocks even at advance of 20 or
25 per cent. That something Of the kind has been
going on during the week, notwithstanding the
fact that prices show large advances is evidenced
by the greater quantity Of stocks that are offered to
loan, and by a moro general demand TO borrow
money in sums from $4,000 to $4,000.
The buying fever has reached point
where such stocks as Louisville and Nashville Nash
wills, Cbattanoosa and ST. Louis and Louisville.
Esw-AIbany aud Chicago and the whsle host OF low
priced faneies are again brought into prominence,
and stocks. for which O few weeks ago quotations
were dificult TO obtain, now show daily sales Of
from 500 to 5,0ao shares. Michigan Csntral was
benefited by q statement and o dividend that were
9 better than were expected, while Lake Shore, al
though closing with en- advance OF 27s per cent for
tho week, was weak after this statement was made.
because its purport had been fully discounted. Or
the usually active stocks the Northwestern and St.
Raul Issori ihs smalIest atlssnees Thecoal stocks
wsrs simsstive and fsthsr weak early in ths week.
bss toward ne end became the fsature Of the
( market and Jersey Central was the strong
est Of all, although it's only interest
in the coal trade now Is In the
smoant Of tonnage to be carried and the companies
have aslssa 80 suspesd mining for fifteen days IN
yuly. Lissle n vsnSued In predicting that SINH
lax suspension viii be ordered for August If the de-
tsrmination 10 carried out only to mine sufficient
& quantities to meet the consumption. Upon the
whole. tho week has proved to be one of eminent
snscexs 10 this balls ard VI disesmfture to the few
ysu,sinins .sbssrr there were ct tbs beginning Of
tbs wssk- Ths Elevatad Railroad shares were tho
only black sheep Of the flock and they have been
Seprcssed by the circulation of all kinds of nuen-
isoos aud by manipulation at the Stock Exchange.
The sources Of both 1t probably would net be diff
cult - tsxSs 10 an inssiutio that 10 desiEoas of
8obtasniax moFs than one-haf OF the MaHhastan
stock, ssas 10 control the whole system
wrRxsx Hxsss on sx5gEA