New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-10-31

The local money market for call loans steadily
gravtated toward ease all the week. Early in the
week per cent was the common rate, with few ex-
ceptional loans at a small premium, but at the end
the prevailing rates were and per cent with ex-
ceptlons at per cent 1t is believed, however that
the call loan market was manipulated IN the inter-
est of speculation because no time loans obtain
able at under per cent and commission, and few
even at that rate. Time loans were made in tho
course of the week at per cent and L per cent COM
mission. The Sub-Treasury's payments for tho week
included 81 492. 365 for Assay Office checks given
for imported gold, and the Assay Odice
now owes only $21, 700 for gold deposited. The
bonds embraced in the 105th call, which viii ma
turc December "a, but which are payable on pre-
santation with interest TO date being presented
only slowly for redemption, the total redeemed thus
far including the 50, COS, 900 which presented
under the first offer to redeem IS, 100000, amount
ing only to $7964, 800 out of the $20,000,OO0
called for December "a. This. however, makes
ST., 1854 5OO$1O 600 00Opurchased and 81, 96i, 800
redeemed) that the Treasury has paid out in re-
ductiOn of the debt during the month Of October,
not including sums paid for bonds that have
matured and ceased to bear interest. The domestic
exchanges on New-York, without ruling in favor Of
New-York, have at the East and West
ceased to rule against New-York. Tho
latest quotations for New-York funds at
the places named are as follows: Savannah, Is dis
count to ls premium; Charleston, So discount 10
par; New Orleans. 80 cents discount TO 81 PREMIUM;
and st. Louis, Chicago and Boston, each par. Tho
foreign exchanges hardened during the week; and.
although the business was not active, rates wero
firm at the following quotations: Bankers sterling,
81 81 and 81 50 for long and short sight bills
respectively; francs at 5.26L and 5.217s; reich
marks Oh and %, aud guilders 39ss and 40is.
-. e I'D
ported during the week, but it is probable that
some of the overdue steamers have small amounts
Oh board.
The Stock Exchange markets were variable
during the week and somewhat irregular, but upon
the whole, buOyant feeling prevailed. The causes
for the changed temper of the markets, how
ever, we're apparent. Easier money for BORROWERS
on call and the independent and irregular advances
that the trunk lines made for cast-bound ght
rates and passenger fares were the immediate FAC
tors Although these advances have no Eff
feet on the status of the disagreement be-
tween the companies and arc only 10 hg-
ures that do not reach q paying basis,
they we're effective upon the stock speculation aud
were the occasion for rapid closing up OF the short
interest. Inasmuch rs the advance east-bound
freight was made for the alleged cause " that the
railroads were overcrowded with business
one ia constrained to ask what is tho
character OF freight that 50 suddenly has crowded
the cars That il is not grain the subjoined tables
show Earlier in the season the railroads were car
rying nearly double the quantity of grain that they
did at the time in previous seasons but II &C
the expense of the water routes. Lately. however.
they have been carrying less than they did last
year. The following table shows the receipts Of all
grains at New-York, Baltimore. Philadelphia aud
Boston for the last five weeks, compared with the
same time in 1880. The small increase in tho
amount delivered by railroad at Eew-lork thus
year not because of larger quantity delivered by
the New-York railroads. but because the Pennsyl.
vania has delivered more at New-York than 1t did
last year. while Philadelphia shows decrease OF
3.166, 900 bushels The total decrease by railroad
is 1918, 200 bushels for the five weeks: