New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-06-13
The following shows the relation between the
Total reserre and the tntal depost Liabilities:


COMPARED with that OF the corresponding date OF
1850 the present statement shows: Loans increased"
66s 229. 200; specie increased, $l3,7lOl0J; legal
lenders decreased, SO 9Os 900; deposits increased
e74.Ol4. 700; circulation decreased, SiiGipo.
The total reserve ,$9521G,l00 now is 800 orr
cent of the total deposits against 27.79 last week
and Al fot June u. 1ss0.
The money market developed some irrcgularity in
The course of the week. Tho usual rate WAS per
bent and sometimes Dig per cent for call loans but
on ono day 4l2 aud even per cent WIS the pr vail
ing charge The alleged cause Of the disturbance
was a payment into the Bank Of Commerce. ia ONE
check for the sum of nearly $15.OOO,0O0 to the
credit of the former owners of Philadelphia. VII
mington and Baltimore stock that recently vas
purchased by the Pennsylvania Railroad Coiqpanr.
The payment was not due until july l. hut he
Pennsylvania Company, having negotiated q colll'-
eral trust loan (the P w. aud ali. stock being hc
collateraD, made the payment last TUESDAY. This
sum Is yet to be distributed among about 300 pr
Bona nearly all at the East who were the se,lrrs #
the stock so that the real effect of the payment
any, our local money market Is yet 70 be icit.
Tins far it has been simply a transfer from several
Sew-York banks TO one New-York bank Time loans
rnle at 344l2 per cent and prime commercial paper
passes at from 32 10 1 L per cent The foreign "X-
changes were more active early in the week, an
higher rates demanded because of imp rita
hons Of United States bonds and other securities.
Later however the demand les~encd. and rates were
sasier closing at about 81 s33i and - So, for
60-days and short sight respectively for prime bank
ers' sterling. The domestic exchanges have shown
little variation. but at St Louis the rate New
York is firmer The following are the latest quota
tions at the places named: Savannah, l-aa- pre-
mium; Charleston, lsali premium; New-Or'caus
commercial 80 cents discount. and bank ~ 1Oa
e so premium; st. Louis. 90 cents premium Chi
cago, % cents discount; Boston 40 cents -coEnt.
The stock market last week variable. and
early in the week more or less depressed ami
unsettled The fact that matters between the trunk
lines are not perfectly harmonious rs they have
been in times past and that there has been sicing
OFT Of the schedule ratios had effect upon tn
prices of the trunk line railway shares. But III" de-
cline was so stubbornly resisted that it amounted Ia
little in comparison with the advances that have
been made. Even during the depression, each
day furnished special stock that, by it's acr
tvity and sharp advance in price, lent support 70
ou.er stocks that in themselves were pOsitjv ely
weak. The noticeable special movements of lat
week were In Texas and PaIfc, Union Pacific,
Central Pacific, Western Union. and Louisville,
Eew-Albany and Chicago. For each OF these al
vances there were special causes but their strength
exerted an important influence upon the
whole market. For reason in the case Of
Texas and Pacific, which rose from Co.'S u ~, The
Idea prevails that the property is 10 be absorbed
upon very favorable terms by the Missouri Pacific.
No official information can be obtained upon The
subject. Central Pacific rose from 81 l. To 0Sl2 upon
tbetter founded belief that important and favor
able developments may be expected soon
Aficr the arrival in England of President
Stanford. who sailed hence more than
week ago. Union Pacific advanced N
anticipation of It's stockholders having rights offered
y them that are supposed 10 be valuable.
ghe business Of the week was not large.
having amounted 10 l.312.0iS shares AGAINST
a;SsO lib for the preceding week, bnt the market
closed strong. with indications of greater activity
hext week.
WEEKLY RANGE or PRICES.