New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-14

ssSlns rtseryo Ss2SSVS SSS5G25 Dec 46I55
Compared with that of the corresponding date Of
1885, the present statement shows: Loans IN
creased $26 sos 300; specie increased $13O3il 100;
legal-tenders decreased, $l,1l0,OOO; deposits IN
creased, $40.796,200; circulation decreased
1924, 800. The total reserve CSs3,346,600l now
il 27O6 per cent of the total deposits against 2722
last week and 1915 for February ii. 1880.
While the rates for money on call last week were
no higher than during the preceding week-the
range being 406 per cent with the bulk OF the
transactions at per cent-there is evident incli-
nation toward frmness. The monetary situation all
over the world seems to be slowly drifting away
from the extreme low rates which so long have pre-
vailed There is a growing general demand for
money and capitalists gaining confidence in new
undertakings At Paris although the Bank of France
last week did not, as anticipated, advance ITS
rate for discounts the demand for money Is steadily
increasin9 The Bank of England Thursday re-
ported gain Of 1857. 900 bullion for the week. but
with that large accession to its resources the pro-
portion of its reserve to its liabilities was raised
only u per cent and discount of bankers bills III
London is only ls0A under the bank rate of gig
per cent. Here the banks are weekly expanding
their loans with decreasing reserves. The domestic
exchanges generally nOninally in favor OF New
York. but not enough so to move currency, and much
less specie. And the foreign exchanges, al
though duh, are remarkably firm, despite the
change in our favor since the new year, III the tx-
port and import movement Of merchandise. III Is
not only possible but probable. that our banks soon
will find it necessary to adopt conservative policy
In the matter OF loans.
At the Stock Exchange, tie week was notable Tor
an increase IN the speculative fever and strong up
ward movements in the prices of most Of the sccur
+ies dealt in. Government bonds attracted only
little attention. and the total business at the Boards
was covered by $2O1 700; but prices were higher,
the final bids showing advances of ls per cent each
for the Is and 6s, of % for the 4l2S and
o. for the As State bonds were moGer-
ately active and strong the best movements
In them being toward the end OF the week
and then at the highest figures In railroad bonds
there was general improvement in prices. sympa-
thetio with the movements In the share markets.
The notable advances were in the Missouri, Kansas
and Texas first and second consols. Chesapeake and
Ohio issues Mobile and o li6 debenures, MetropoI-
itap flrsts and seconds Denver and Rio Grande Irts
and consols and Texas and Pacific irsts, Rio Grande
Division. The general LIST, however, was strong,
with some immaterial reactions from the best fg-
ures
While the share market has shown some irregu-
larty and feverishness, the weekly business has re-
shifted in q renewal of the speculative fever and
handsome advances for nearly all the railway
shares. ana Jnlb uoSplJo VI hV" piOJpC'o
for the construction of competing lines and the i'm
portant decline earnings shown by the reports for
January. The Commercial and Financial Chronicle
IN its monthly statement OF railroads
for January includes forty-hve railroads.
The total footings for January 1881 are !;
Miles, 80, 14O; earnings. 12,329s52. or $io9 per
mile; 1S8O-miles 25771; earnings. Sl1' 1oo 4Zo.
or S434 per mile--an increase In mileage OF 4'3o9
miles and ia earnings OF 81 ,123 and decrease
per mile of $25, or 51io per cent. This Ry Inc
Chroaioles figures which III two instances certainly
upderstate tho mileage for January, 1851. lho
table includes none OF the trunk lines, which, how
ever from the absence of the usual rumors of gains
by the Lake Shore Company and the refusal OF inc
Central aud Hudson Company to furnish
Its usual monthly statement, 1t Is ialr 10
suppose are suffering like results Inc
business of the week amounted to Utilities
shares against 100000 shares for the preceding
week, and zoos, 400 shares for the week proceed
ing that. The miscellaneous stocks comparatively
were as active as the railways. Pacific Mail was
Traded in to amount equal to 1870 of It's capital
stock, and rose from 5ll2 to 56Ss05Sls. Western
Union with smaller business. from 14oS TO
1900 1l924 The btuminous coal shares attracted
unusual attention, and the prices of most OF them
recorded handsome advances Upon the whole, the
week was one that was emInenty satisfactory to
Spectators for the long" account, and at the
end there were no apparent indications of an imme
date elimination of prices.
s-.,. wEEhLY RANGE or PRICES