New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-06-19
At the corresyondlnc date for preceding years:

The monetary stuati on last week only drifted to-
ward even greater ease and call loans at the Stock
Exchange ruled near per cent as any other fig
ure. The extraordinary and by no means healthy
condition of the money market is largely due to the
displacement of IL Investments in Government bonds
and the straining of Treasury to retire
eapidly the DEMONSTRATING public debt. Since the
LIST Of June, the Treasury has paid for about
$4,000, 900 of bonds, of which sum SO 795 $50 has
been ON account ofsthe 10TH call, which only ma
1ured on June 7, There still remains unpaid of the
5O6th to the 10th call, inclusive
S11,332, 800 large "short" interest
that has existed in the stock market has
exerted some influence In making low rates at the
Stock Exchange because of the demand TO borrow
stocks, but that interest was considerably
teduced last week. and for some little
time at least will not again prove
to important s. factor in the local situation. The
CustOm-Iouse returns for the week ended yesterday
report an export Of specie and bullion of only
Sll623o6. including $1.O11 ,263 is gold bars and
foin. Probably some has been made in the
report, because it is reasonably certain that the
steamers which sailed on last Wednesday took out
gold bars valued at 81 .42O, 900 In calculations Oh
Pie bank statement we have used the last-named
figures. althOa Oh PRINT the official figures III
Tie commercial ststsuos-if wrong. next weeks
deturns Will correct them
After the shipment of gold by Wednesday steam
,ts' the foreign exchange markets very dull,
fnd after the mails for yesterdays steamers were
made up the market was quoted weak" but with
out change In rates for actual business
ahere is some talk about better supply |
81 commercial bills. but the record of mer- |
SnanuIoe exports docs not confirm the stale |
elent and as yet we fail TO discover that bankers |
snUI ~ 10 draw their bills against future
supply AT rates that will not permit . covering by
SHIPiAouOs II required al maturity OF the bills.
G. cdI1J movement OF the wiuter-Wheat crop AZ ex-
fOIIaDle prices PROFESSIONALLY will diminish the |
t4i9u.s Vi so4u eAipme uts that otherwise must be
pdoe " meet our merchandise difference hut tho |
Immediate effect Of the movement in o,r o.. go,
market Is likely 10 be OVerestImated A ,nove,ncrt |
p the crop 20 the seabOard Necessarily Will make |
tealy drafts on US tOT cash. and SO far a. The i'm,
mediate situation Is concerned would simply result
u sending this money TO the West instead of ex |
POrtlng II 10 Europe Already at the Nest ana |
fOuth, NeW-lOr exchange Is weakening and any |
Important movement OF produce will quickly mari |
We exchanges against the East
- lie COMMERCIAL aud mercantile situation was not
snaDged during last week. The season OF he wear
seh IL usually Is dull having arrived there IA lit
- outside OF speculative movements thai calls for
~i tLe oyeculStlons IN grain were conducted
PIN less YgOr. and wheat was decldedlv Iower |
- corn was somewhat higher than a week ago |
- Iog PIOuucts were smarIly advanced. Yet the |
SdY1e III wheat has not yet let 20 lis |
81 H. in % tHe MARKERS ana nothing Is known
- Ite intended movements for the future In the |
shuMe There evidently is a strong dlspostion
~ pear the market, which imay be inst what |
- cAIque Is inviting, as a growing shUrt inter-
- certainly adds strength 20 us position whether
f. position Is now well established or not |
n cotton speculation was dull but prices |
"" SoiHe aAVAaesson the week. Ii the meantime