New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-02
The New-York City banks reserves rose
from $81 .281 200 December %. 1873. to

s Nsxyss c pe. ssef s isss 'o;s
aSs STS'%s 70 g.
to ga per cent Sterling six y-days bills rose from
81 81 i to 81 s8h, and declined to $4 s4a- Al the
stock Exc'angc. speculation WAS active, with 40
strcEs IN London. the Bank "f England rate for
discount reduced from to3 per cent.
ad iii,onD call. for 500. 100000 5:2os OF
lsG7 The lrrasnrys cash balances con-i i"d OF
$l"3. 75G,noG gold coin and bullion. ST.:
States nctss <$i2.$;ssiG ; SatiGpa hank nix
~ We, were reduced 10 $50 Jos. 800 and the surplus
reserves Ia 5,75OS75. Foreign exchanges again
hrgh"r bee use of the fears that he rapid calls
for ,l. > Dos would cane an expectation OF gold to
pay fr imported bonds rates for s'x'y-day;s
$ cIling ranged from 81 s412 to 81 ste,
closing the month at the highest hFn'"s
| CAL loans advanced to per cent, and closed al
| per cent The stock and bond speculaion w're
only less active than in January. but the final prizes
of tn, preceding month Bank of England rate re-
Marco-Three calls, for 52os, each n for $40.
| 600. 900. were issued total. $4,000 0OJ: Inc
| Treasury cash balances consist If $l33.6o.5'"
gold coin ana bullion. T19.505. 7G7 standard silver
dollars $lG.115873 fractional SILVER coin aud bull
lou, $40 $50 PSI United States note and SIC. 140.-
400 National bank notes. Depositsin National hanks'
account of refnnd:ng operations. S2lo,3S6. So''
|
| $327l5l57. and the surplus reserves dcrhnc. to
! So 079,3OO Sterling exchanges ranged for sixty
ss i Snus "a Sd a to cali a"@
per cent. Much disturbance is appeiended from Inc
large settlements cS1 30 100000 Of retundinR opt
rations maturing III April. Speculative stork- ana
bonds were depressed during the mouth. hui ut IL"
| cnse a better tone WIS manifested ana price
showed some recovery Bank OF England rate r.
| uuccd March ~ too per cent
April-On the 4th day OF the month, ne s'bNcr,p-
tons to the per cent bonds rAcrrn'nT ,ne
$50 565 7OO the loan was closed, and on The same
| day calls issued for all the ,3-2o' 81
1867 and 1865 making gIn1 ,9i G o. eal H Dos
| 9.h the first call was MADE for Sloooo.o"o"i 'nF
1910 bonds against antc,patcd snberrip'Iohs 10
| * h asynt,lratr of Ncw-York bank, and br kers
made 10 tine Treasury bid for SUI
rent amount CT the PER Tor cents o I" TG's
| 10 about 81 81; 900 900. Before this offer was re-
crivcd at the Departm. MT lowcveI DINER sui>cllp-
| tion~ 10 Tie amount "i N'".OoO,ooo ma pfrn ~
cclyrd. Iht negotiations were promptly c"hclnd' Il,
a,d ON The lS;h and 81 It calls were issued Tor All
lie 10 iOs AID on tie 23i call for lie old ''H OF
1858 500 900 WAS issued. This closed tie rcitlld-
| iug operations until the Gs of 1850 matarr. Ia"
Arr settlements of the January SUBSCRIPTIONS were
| made without disturbance, aud confidence was le-
STORED. These operations. being the moss clriii'F
financial TRANSACTIONS ever rccurito served ~ s''H-
ulatc speculation IN all k'nos oi merchants rs
we'll as in stocks and bonds. The now J per cents.
which had declined t" 80 r"s" I" lol'4 Inc
| $40 and 1910 bond were s'"ck,h IRON
| tho list at the SOCK EN'ilu'S', I"t CIV
| banks reserves, after Il frrther decline ~ the.
iir, week. rose to %G3.i72 600. and the Slrl!s re-
serves to S12.324.O5O Money declined fr'in pei
| cent 10 3d5 per cent. Sterling exchange was
stcau, the range for sIXty-dats beng t60 ~ 81
! lhr general movement III stocks was n"l Earficu-
larry marked. but some OF " min'er ' an;
| ccs wee higher, and tIc combination OF the
Wabash ana II. lA'uI-. Kansas Citv aid Mort 'rn
Railroad SYSTEMS had marked et e. UPON me
prices of those stocks. The BdiIh oI England
| rate wds reduced to per cent.
| May-Thc ~ Indicate was rrinai ally successful in
marketing n1.u The Ga cent n." r pG "G
and stock speculation was well mann 'i'u.
and prices made considcia'e ad. nhr",: Lar"
from abroad is lavora3i" t" Il sli'r; ,nrr'N H. r.
| Tie c.ty banks, reserve rose It" ~ -
| r,;n.d to Stio11G. 500 because Of calls b.
! the Treasury for paNHtnt "i the ~ CEN sun
| sclpiions. TIE surplus Ter" ivcS aca,n f'' IT,
| r .O:iS, 800. Foreign exchange Wa mn. ana
AT the c"Nc OF this month iulrd very i"ar
to the Specie shipping point. s'Niv DAYS si"r!lng
beng ~ *. Money advanced Il" per- rent: eos
June-Ihe United States bond market was less
active because of the large amount "i rcinnding
certificates III the hands Of the public; 4 per cents
declined to IO2la The general S:ocA Ex-
Change were nr"a w ""
| well maintained comparatively dnli
market Inc movement at III" o;, city
s si'em OF 70 5000 The surplus rsrrve,
declined to 2aj per cent, AMI cios.d a a,! q;
Alp per cent. Foreign exchange ned lrin early III
the month hut afterward wcakrr sixty DAYS stcr-
| ing declining from ~ SS0S4 - = tori St. Daiik
| OF England rate remained at per cent
Jnly-rhe syndicate. as a whole, cl"Sc1 It"
:sn 'SnG sors Sx & s co of Of Ldnd"n
S SSon the h mark. foT bonds
stocks and railroad bonds was greatly slim
Mated thereby. Good REPORTS of large crops
at the West, and anticpatiOns OF large
foreign demand for them, helped along the
general disposition that wac manifested to buy
railroad stocks. he city banks reserves rose TO
$7I,2I5. 700. and the surplus reserves u
Sl33G9 $50. Rates for money on call fell to ! i9G
per cent. and loaus on Governments were made at
per cent. Foreign exchange weakened to 81 SO
n 4 S3l, for sixty-days sterling. Bank oi England
rate reIiaius at 2 per cent.
Angust-Good reports of business are received
from all parts of the country The IRON boom be-
u1,i9. and The exports Of Jrtadsiuds
begin on large &C. SALE hco ooi ne imports riS
beng received 10 New-lork during the month;
City banks reserves fril 70 $6o1Ci CO. anu
the surplus reserves 20 81 10s 800 nt nv c"ntfnc
consequent reduction CT deposits the surplus was
raised to $3750,65O. Money advanced to per
SHARP WITH d 1eqIs sn TO o pet day. s:oct
Exchange markets are aepressed 4, per cents de-
cline to lOOos. The feature Of the stock
% WAGE s %rs .s from soa to 3d. and
Later sold at s3ls0s7a4. Foreign exchanges weak,
sixty days sterling declining to " eoi2. Bank Oh
Septembrr-C"ntinued large receipts of foreign
coldN$27, 600 900 for the month. advancing prices
boon vet matters at the Stock Exchange wild,
Government Is recovered to 1924 Railroad bonds
were in active demand at advancing prices, ana the
aucy continued through the whole month. resulting
very Large s.v business Sans being o dGno 1.-THE