New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-12-19
The following are the totals Of the statements at
~. oo-r.... dir.r dntn for nr.caliny ynars:

The money market at the Stock Exchange was
moderately stringent early in the week, and COM
missions of 1-G4a lie in addition to legal interest
frequently were paid on call loans. Later the rate
was firm at per cent until yesterday, when some
late loans were made at and per cent. On Cow
ernments the rate ruled at about 464l2 per cent.
Time loans stil command per cent. and borrowers
pay commissions for obtaining them at that rate.
First-class commercial paper ruled at 606i2 per
cent. On Wednesday the Assistant Treasurer az
New-Yorl, received offers OF bonds included in the
lO6tb call; S54S9,5O0 was offered and
accented But the full amount offered has
not vet been presented for redemption. Next
"Wednesday the Sub-Treasury again will receive
offers of the bonds included in the 10Gth call but
there is reason to expect that on the next and the
following Wednesday the offerings will be small and
that little more money Will come out of the Treas
hry in redemption of bonds until after Newly ears
The bonds included in the 1O5th call continue to
dribble into the Treasury in small amounts only.
The domestic exchanges on Ncw-York have ruled
steadily against this centre, except at Boston and
come other points near by The latest quotations at
the places named are as follows: Savannah
8sQls discount; Charleston 5-l6a g dis
count; ew-Orleans-commercial, $2aSl -
discount bank par; st. Louis, 90
cents discount; Chicago, - cents discount ::
Boston, % cents premium. There were only small
movements in the foreign exchange markets during
the wee \ but rates were firm all the way out and
OF the close the tone is rather stronger than 1t was
Syeekago For actual business the following are
the current rates: Bankers bills, sterling, 81 S0l2
and 81 s4l2 for long and short sight respec-
lively; francs 5255s and 5.20Ss; reichmarks,
DIls aud 917s; guilders 390s24O
The general aspect of affairs IN financial and COM
mercial circles is that usual at this season of the
gear Preparations tor the holidays and desire to
svade the entering into enterprises and projects
uut after the balances of this year have been struck
tend TO make business dull. The most important
events of public interest during the week were the
favorable report of the United States Senate Finance
Committee on Mr. Sherman's refunding bill and
the introduction in the House of Mr.. RandalPs bill
for the same purpose. Neither event, however
attracted much attention, because of the
general disbelief that Congress will be induced
TO deprive the Government Of an option on large
NORTON OF Its debt that is favorable than that
ever be fore enjoyed by any Government If it was
believed that either Mr.. Shermans or Mr.. RandalPs
bill would become a law, the effect would be to Gre
nte .ainty in the minds of capt. lists. The
saving of per cent in interest is generally regarded
asa bapatelle in comparison with the value of a
loan nj go per cent payable al the pleasure of the
Governments in one week OF in one hundred years.
Further 1t is urged that IT is not desirable that Gov
eminent bonds shall bear low rate of interest
as 10 jeopaTdze their value as security for bank note
circulation at 80 per cent of their par value,
1t now is not fashionable TO think that Govern
ment bonds at any rate of interest, can ever rule
in the market below par but in view of the fact
that they are the basis for 1871 sos, 900 of bank
note circulation it may be wise not TO ignore the
possibilities of hard tunes yet TO come. Legislation
should regard the possibilities of the future and not
be limited by the probabilities of the moment.
The stock Exchange markets were dull Tor the
srea er part Of the week. In none OF the depart
Inents were the movements OF serious Import until
the last two days. There were the usual nuctua-
fionsand shHnkage of values for majority OF the
securities but as a rule the changes were uDlln-
portant and without feature. The postponement
of settlement of the railway war was less enectc
i've in reducing figures than was the anticipation OF
large Treasury disbursements In sustaining them.
The anticipation however. was more ehectlYe imam
was the fact because with the ease IN money prices
weakened before the disturbing causes OF Fri
day and Saturday came into play. FracucaIly, up
to Friday morning the situation was unchanged.
Holders OF stock continued to hold on, and the dear
ings in the speculative market were principally
made up of tTadings between everyday operators
who close up even on stocks at night, Win small
profits or losses.
Government bonds were moderately active, but
after the early days of the week were weaker and
the final bids show declines follows: Continued
5s and the 4l2s each d; As Il and continued 0s %
per cent State bonds generally were dull, but the
prices of the Southern issues well sustained.
The Tennessee Is were specially active and rose
from 7Ios TO 77075l2- Among the speculative
class of railroad bonds there were some acJive
movements, but generally the bond market was