New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-16

interest 50 eOO, 000-and for redemption OF ceruh-
Gates of deposit and cancelled silver certificates
sent to Washington 1893 900; total $4.493, 900.
So that so far from the Treasury having accumu-
lated money from the operations of the Sub
Treasury at New-York during the first twelve
days Of October, it actually paid out,
exclusive of the amounts for bonds of the 116th
and I17th calls 81 500, 944 more than its receipts,
and including payment for the bonds, s., 453,944
more than It's receipts. The foregoing figures do
not include tho payment for the 50, 100, 900 bonds
presented on he 18th and paid for by check. which
do not appear in the Sub-Treasury's statement OF
payments until Saturday the 14th.
The liberal payments in excess of receipts by the
Treasury at this point, as shown above; the tenn
pOraTy s!2ckenng ID the demand for Temlttances 10
the INTERIOR, and last, but not least, prog
ress 10 the liquidation at the stock
Exchange, all combined toward an easy
working of the local money market. After
Tuesday, when rates for moment rose to 10 per
cent, call loans ordinary COliaterals we're easily
obtanable at per cent and under. and in the last
part of the week rates ranged from TO 3i2 per
cent. The Sub Treasury receipts during the week
ended on last Friday included $3.50, O(O com IA
payment of Western exchange and $1,000 OO gold
coin exchange for coin certificates ne amount
of bonds OF the 9th and III calls redeemed Tor
the week ended yesterday IS ~ 0sS, 90 nak,ng
total redeemed TO date Of SO 62S $50 At the south
the domestic exchanges on New-1Ork are be-
coming more unfayoTabie, but at Chicago the
rates have advanced 10 2JG50 cents
premium. When the Treasury IS pre-
pared to Issue Its certificates for gold deposits IN
small denominations II Is probable that the quoted
rates for exchange will fail to Iudcate the debts
and creults OF the principal commercial centres.
with the easing OF money and mark 4 Tor mercdn-
tile paper there naturally was better demand Tor
foreign exchanges TO which bankers promptly re-
SpOnded by Advancing Rates ana there was less
heard ABOUT an early importation OF bOTrOwe' gold.
Commercial transactions CONTINUE 10 drag along
with little Of an encouraging character IN
view. Much depends upon the question whether
our Western farmers Will market their
az lule
and the discouraging feature IS that al
present there seems 10 be little disposition to MAKE
liberal sales. The receipts OF wheat at Chicago and
Milwaukee last week were $4,000 bushels, against
l,3jO,OOO bushels for The preceding week. ana OF
corn only $4,000 bushels, against 800 900 bushels
OF corn IL Is well understood that there Is little left
10 move until the new crop is III condition, which
can hardly be much before the New Yeai-that Is,
Tor any important movements; but tine wheat Is
READY, aud now should be moving freely. The
closing OF inland navigation reduces the value az
Chicago some or 10 cents per bushel unless there
is some reason Tor an advance 10 that extent 1T the
Atlantic ports. AS west Europe shows 10 dis
position now 10 make heavy purchase, while the low
water rates to the sea-bOard may be secured IL moi
reasonable TO expect large demand when railway
rates nave To be paid, unless there greater reuc
ton III tie price 10 the producer than the amount
of extra freight. Because of tue small receipts
SPECTATORS advanced the prices Tor all options but
neither the London nor Liverpool markets Ie-
spOnded 10 our higher figures. III Will he almost
calamity Ii large Proportion OF our immense wheat
crop remains ulIuaihcJed at he end OF lhc season,
and The producers thereby viii suer losses equally
with any other class OF the NauCn. The cotton
movement last wees reached respectable figures
the exports tor the week IRON ali the ports were
1Ol 800 Oales, against 1882 bales for tie week OF
last year Since september l, the tOta of exports
IS 3OOOZZ Daies, against $685. Z1 bales Tor Tie
time III 1851
IAe stock Exchange markets last week recorded
a smaller amount OF business than did those of the
preceding week, Out alter temporary reaction
during the first TWO days the depression was greater
ana more significant than ~ has been az any time
since the upward movement In prices halted
Al l.
Ia The new per cents al the OIL Is Oh the large
dealers. The bids Tor the 3l2s Is higher than
week ago, and ior the ls AID is unchanged al
ter an early advance OF "A . per CeIt respectively
State bonds were ne-lccted with nO.aDie
weakness Tor tue tennessee Issues. Railway bonds
generally syApatIlLcd win the movements o. tDelr
kindred stocks, but thc-e were iew changes OF III
portance. Richmond and DanvIiie hI5t mortgages |
and deDentuTes, however suffered he.yv declines |
in the STOCK market there were sharp al VICes
III Prices On Monday and tuesday, whom resulted |
III eliminating very large proportion OF what
scattered short" Interest there was. Later Gcyo-
oPMehis seem 10 demonstrate that the movement
engineered by the large bears" Tor tue CA !
press purpose Ot reducing following that might |
grow 10 uHWleidy proportions AIttr that the |
market was kept well ia hand. and win |
rev eXcepttShs prices shrank rather |
than fell. The appearance OF the market |
at time presented much ENCOURAGEMENT loI lree |
sales on the " snort " sIGe Vet tner. VISA CON |
tnuOus drObllng of long" stocks upon the |
1Or the decline, particularly uttIo Is heard It the
stock EAChange except OF National prosperity. A /
satisfactory reason should be that prices had /
reached IA point where The margin tor rcmaIu- |
IN profit Oh purchases WAS so small thai no !
laIg operators cared To venture il, q hat there
lore, alter a long waiting, holders OF stocks |
one aiieT anOther Logan o realize; IIe HqUddIOn |
once STATED Was progressive. y decline III prices
mad tie elect to prici one or Two buDDits winch |
aided force 20 the oemOIaIZa, ION. Hence al ia,L
week tue manipulation OF market nau Tor Its o.
ltCt the prevention OF too RAPID decline and the |
OF roomtraders 10 purchase their
turns rather than 10 sci! first. la some Instances
prices closed the week higher than a week ago bai /
the market Was unsettled and hop -ful rather than |
confident.
WEEKLY RANGEoF PRICES.