New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-04-25

Lam. .5Ssst;5,eo 5ee Dec sSs5%
b cs tender = tEtSSP s5s t 53SS a Rs asSS
circulation I6sSo2O5 I72l7iOO Inc $4,000
The following shows the relation between the
total reserve and thu total deposit liabilities:
so. .a A q en- Ag gSI e. 60 Inc .s cSsff a5
s 5:. ai :sSo tiiSS 49, fas 4Si ;SS
iSis5. 7s sGssso Inc Iac 4S $3.50.
Compared with that Of the corresponding date Of
1850 the present Statement shows: Loan, increased,
S26 81 800: specie increased ST., 500 900; legal
tenders decreased. SlOl39O deposits increased,
$40 800; circulation decreased. S3,39J,i 400.
The total reserve - Do. 100 now il 27.7j per
cent Of the rotal deposits against 234O last wee
and 2j.Ss for April -, 1850.
The local money market during III" week was ir-
regular for call loans. and rates lnctuatod between
q and per cent, hlSil, been 81 per cent both at
the beginning and ending Of the week and "a per
ccut IN the middle OF the week. Time loans are
made at per cent on good stock collateral and at
percent on Governments commercial paper Of the
best classes passing 1T 5aJLl per cent. Except at
the East the domestic exchange have ruled if not
flyorably. still not unfayorably 10 Ncw-lOrk, but
money continues be- drawn from here for the Eastern
cities. Foreign exchanges, after being weak early
u *.
SioIuS4 sIItl that forbid further importations #
gold except at a loss. Having imported since Jann-
ary k27 900, 900 gold. principally because Of the
cNuortation of sccuri,c, that either wcre sold to
Europe or sent ont for collateral foreign loans,
and with declining demand for our products it is
not rca sonabe to expect any further important inn
portatons Of gold until after July or August.
Hence the immediate future Of the local money MIR
kct depends upon domestic supply AMI demand.
In commercial circles last week was like prccd-
ing accks--ull-and the movements were unsatis-
factory even 1t further concessions in tho prices
for scasonabc goods so general is the lack Of ac-
tivty in this branch of mercantile business that the
railroads are suffering for want of outward-bound
frriyh,s and important concessions in rates are
portcd a, being offered 10 stimulate shipments or 10
divert thosr thar are being made. The speculation
i'm hog products >erHi. T." have eliminated carly III
the week and price, declined sharply but made
s,inr r,c5ytri,., before the end. Eat for wheat and
corn Their. was an increased speculation, based upon
b, h,J rrports Of th, condition of the winter wheat
in Michigan, Illinois and Iowa, and the continued
DELAY in preparation for spring planting. These
natural movements. however, are checked by con
tiuucd reports % favorable prospects for the
European crops. The iron and metal markets pre-
,.ntno change Tor the better; on the contrary,
coatinuca dulncss is having a depressing effect on
values reduction Of which, however. as yet has
failed to stimulate any increased moy'm cnt.
There il no change in the anthracite coal market,
r,,.nt that last week recorded snail increase in
tho demand over the extreme dulnc>s cf
ur,rcling weeks. bat thrr, still ia
underwriting of prices. However the companies
have decided tolnihc no enrichment of production
for the coming week, while it is apparent that the
haf.timc work Is Proluring quantity in aXres,
of the consumption. II is not permitted t. appear
how much elect the new position of TIA Reading
COMPANY may have had IL arriving IT the decision
10 work full time Hut it is io,shlc, if not probable.
that the lrcrc Of the Court that the proposed
deferred bond schrw, i illegal may have # Tho
rccciyersol the Reading Company in position VII 'ro
t. meet absolute requirements II IL .i"cc,slry t.
nine al the coal that can be mark1to. AT any profit
over actual cost of productions and transportation.
II is almost certain that full-tunc output Will end
i'm a war Of prices. IN, Engigccrifg and Mining joT-
nal says: " In view of the low prices at which
bituminons coal is being sold, the anthracite COM
pari,, will probably find a large portion OF the
manufacturing trade being absorbed by that inter
est"
The stock market last week furnished IN example
of tLe mower of capital and manipulation that per-
hams meyer was surpassed and seldom equallcd For
tLr first two days the market was active aud de-
clininp almost to the ycrgr of panic. This princ-
n,lIv was because of continuous supply OF long,
stocks but there were increasing sales OF stocks COR
the short account that aided and FASTENED the
decline. By Tuesday noon the short Interest had
o.suned dimensions that were unwlcldy, ana offered
10 some of the larger operators an opportunity TO
mako n sudden dash for an important recovery.
The opportunity was seized at the extreme moment
If merriam hour later might have so disturbed mar
gins that no amount of purchasing power could
have resisted the onslaught of stocks that would
have followed a further decline of % per cent.
Tho succeeding three days were happy days
for holders Of stocks; prices advanced.
shortsp that were left wero frightened
into covering their contracts and the average trader
again became convinced that there is no danger Of
a storm Barring two or three specialies the last
dny and half Of the week witnessed no further
advance in prices but until tho Last two hours Of
the last day. there good market fer the sale
of stocks as can be made without tho help of pur-
chasing public Tho special movements of the lat
tor part Of the week in the Southwestern rail-
roads. being influenced by renewed talks of CONSOLE
dation (which undoubtedly will be accomplishedl. it
scanning 10 be taken for granted hat tho stocks,