New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-03

strong markets at the Stock Exchange ana SONIC
further advances we're made. Depression now
ever quickly followed most marked I'D INC 'ahooi-
bilt and other high prce-stocks ranging from 10
10 per cent: Central and Hudson declined '2,
Lake Shore 79t. Michigan Central GIG, Rock Island
10. Northwest 12i2 St. Paul 14l2, Chicago, Bur
lin rton and Quincy 10 and Delaware, LackaWanha
and Western 3 per cent. The Western Union move
ment from III, TO which price it fell III Deceuoe!'
1850 to 120l2 again turned the tide OF speculation
upward and the month closed with ra!nP'"c
speculation in progress. The CONSTITUTION Va
tbc rival TELEGRAPH companies accomplished
and the capital stock Of the Western Union was III
creased from 81 100000 10 $50, 200 600 divided as
follows: For payment for purchase of the Amer
lean Union %15O 600 in exchange for stock Oh
the Atlantic and Pacific, owned by individuals
sft 600 600. and 80 100000 was distri uted To
the Stockholders of Western Union. Government
bonds were strong this month through, and the per
cents quoted on this standard rose from
1928 to 1I3ieG1127s The money market
steadily worked toward ease. so that from
decided strinrcncy at the beginning OF
the month the rate declined to per cent at the
end The associate banks of New-Iork increased
The amount of their total reserves from so e4LooO
to SS3 JJ2 600 and the amount of surplus reserve
from 80. 727, 775 to $7,923,925. The foreign eN-
changes after being weak were strong the rle Ior
SIGHT sterling ranged ~ Sll20TI S2'2DTi - >
The Ban, of England advanced its rate tor dis-
counts from to 81 per cent on tIe 10Th Of the
month.
Felruary-Thc discussion in Congress ana the
rrob9h BILE passage OF the per cent fund bill. win
fine objectionable section restraining the methods
5v which banks might voluntarily retire their CIR
cul,tion were the occasion Of yXcitcmcnt in iinan-
cill circles, q stTmgency M money an" ki'a'
lcpr, sion in all speculative values IN
snticiua.ion OF the hill becoming q law
National banks an over the country FASTENED TO de-
po-it leg l-yrders coin in lien of bonds ~ secur-
ito t,r t,.ir cir.Illtion. Over %iSOUO,uOO was
rr,,is d.ros.rd during the month tine greater part
of y,ti IA ,,a5 drawn from Ncv-Iork, whether the
dc.o.it va. for account Of Eastern, Western or
Southern bank. Money at the stock Exchange
i.r DAYS together I'll ed AZ FROM l TO lI2 per
cent pr day. TIE total reserves OIL lH' """"9 u'-
clirod from T05,5a-"oo TO ''I--.-v'' ana ''
dci, in reserve, from the rue" 20 pr cent "h iA'
2Gth inst, was reported Mt TLoI Lo-'' ae'ins
surplus of #7.923,925 january -. Inc ISL INST
Secretary sherman issued th' 4OIsl can l''
%25,0oGoGO . pr GEMS 30 l'''.''' '''t 81 J. '
9th INST. tHc SECRETARY "i'i'' ~ ''s w."
t0 GATE any OF Tine "onia ''l'''',- W ''' A''' '''
ON presentation M NasHi8''' l"'S' Inv '''i' '''
were without eject on the money md'k'I, anu on
tlc 25rh inst tle Assistant treasurer III Nov" l"iA
was instructed to purchase '' par ana lh''res ." .'
amount not exceeding TlooOUOOo any Us OF ''
not included in the lOlst call Inc oohd' came III
only slowly, so hat at the close Oh th' month on.
$J0)o0Oo th" been presented me ,"o''l '''''
however was slhc'fht 20 e"'e 'Ii' MA A''' anu ',
rate FOR call loans ell to per cent win fractional.
commission s.. Until ihe s'iIu-ricF IN money 'Ii'
markets were ri sron2 an' ma efIiI ""'i"o'l al
.guteS were made; nUt after c0Hsid'i1DIe Hucil@-
Gous and uuimportani declines prices finally made
bad break Oh the .GJ inst Suh,I ucutiN there were