New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-02-24

The Sub Treasury to-day gained $l7o,3l2 on bal
orce trade up bv coin gain OF T22>,0l7,
less loss of $J7475 currency. This make
the total gain since last Friday Tl,4o1.1'3.
Money +o-lav was more active and ranged from 70
per cent plus j. per cent commission, and closed
with 4 highest rate bill. Part Of today activity
was tbe natural sequence Of the sharp
decline in prices chat practically unlisted
some stocks a. acceptable collateral. and
caused "a sharp scrutiny OF al colaterai~
held either bv institutions or individuals. Now
tAa,Iao1~y al the stock Exchang' again commands
a COMM sion. 1t may be expected chat loud calls
Will bcn..Je upon the Secretary Of the treasury 10
order the payment without rebate OF the bonds m
ciudei i tae 10th call. and probably we shall be
told That the bank reserves have been reduced by
accumu, ton in the Treasury. Yet tie simple
facts are that the Trrasury's daily receipts
in exccs If its payments hardly exceed the amount
OF accruing interest (which must he provided Tor by
accuu ratons o. il cannot al be collected on the
last d4} before interesi-dayl, that the banks re-
serves Il reduced, have been 80 by reckless banking
or dctI ipus values but really without regard a.
the almost obsolete law on the subject, are sill
large, and that law ever has been passed by Con
grc-s j!at gives the secretary OF the Treasury
ANY more authority TO present bondhoder
with one days interest than il has 10
donate 100000 for any other charitable pur-
pose The quicker it is understood that Treasury
officials Will be governed strictly by the laws, the
quicker VII al persons engaged in lcgl innate buSi-
Doc able TO make their calculations with n alter
accuracy, and specul ators 81 all kinds VIII b. placed
Oh "a more equal footing. The domestic eXcnangc,
on Newly orl az the places named are quoted Is 10
lows: savannah lsa' \ premium; Charleston. loa Il
premium: New-Orlesus 81 Z53S2 premi lm; 81.
IOuI, - cents dscOun'; Chicago, 20 cents dis
count; Boston, par to g % cents premium.
The United States Treasurer at Washington to-
Il for
redemption. The customs receipts were SS97,30O.
and the revenue receipts S4Sl SCI. The Clear
iug HousC statement to-day Is follows: EX-
change, Sljj.2s3, 697 balances. T4,309.SsS. The
trans ctous al the Sub lreasury covered: Receipts
81 i62 9J3 payments. S"92.36l currency balance
Sl.IsJ. $50 com balance. &N3UO,6ll
The foreign exchanges are moderately active, and
RAJ arc very firm. IBe effect OF the reduction Of
/ per cent in the Bank Of England's rate for dis
count as TO advance the rate Tor sixty day bills
and not To reduce the rate for short bulls. All OF
which shows that IL Is the balance Of trade against
tie country, and not monetary CRISIS on the other
SIDE that * taking gold from US. All the time Tor
three Yrlrh, that this country was importing gold,
money iere ruled generally at Pad per cent. 1t
came because il was due to MS. Now the balance is
TIE other way and either gold, securities products
must lioudate IL. For actual business we quote eX-
change as follows: Bankers bills, ~ s54 and
81 go for long and shOrt sterling respectively; 5l9
and . IA for francs; 94s; and 959s for reichmarks
AID 20 and 4Ol2 for gullierS
The Governors Of the Bank Of England at their
weekly meeting to-day reduced the minimum rate
for discount per cent 20 . per cent. during
TIE week the bank gained f4G3,00O bullion and
the proportion of It's reserve was raised from 310s 10
81 8 rs per against 433i per cent at the same
date last wear The bank to-day made a further
gam OF 100. 900 bullion on balance The weekly
Statement of the Bank of France shows gain IN
specie Of o 600 900 francs gold and 100000 sri
yer. Both the Bank of France and tine Bank of
Belgium reduced their rates for discount 10
ALI per cent At tho London stock
Exchange British cOnsOls improved u per cent ami
closed al 100 Lilo and 100 3-16 respectively for
money and account. United States bonds also were
higher; continued So closing at l0334. 4l2sat ll54
and As at 1898. American railways ranged from Il
70 L per cent higher than yesterdays prices. and
closed at their best figures probably being III
Inenced BY todays early quotations from the hone