New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-16
nd oorresponding date for preceding years:

The local money market ruled easy all the week
through at TO per cent for call loans on mlscel
IaleOus securities, and at 3l2 per cent on Govern
ments Time loans also we're easier and we hear of
few being made at per cent for three and four
months First-cass commercial paper sold at 5l20
G per cent The presentation of continued Is OF the
lO5th and 106th calls very small during
the week. the total paid at the Sub-Treasury
amounting only to 1884, 900 of the 1O5th CALL and
1882 200 of the 1O6th call. The Secretary of the
rcasury January II issued the 10th call for
800 600. 900 continued 6s TO mature and interest
cease March 49, The domestic exchanges ruled more
fayorably TO New-York, and the latest quotations
at the places named are as follows: Savannah, para
Il premum: Charleston, 5-16 discount to
par; New-Orleans commercial, SOAPS cents
discount bank par; St. Louis 70 cents pre-
mimi; Chicago par; Boston, 12l2G25 cents
premium demand for remittances for imported
American securities impaired activity to the foreign
exchange markets, and an absence of commercial
bills was the occasion of an advance equal TO
cents to the G. The markets closed strong at the
following quotations. practical business Bankers
bills ~ so and "a SO for long and short sterling
respectively; 1884 and 51ssi for francs 943s and
95l for rcchmarks; and 1873 and 40lI for gulders.
Last week witnessed a decline in prices for nearly
all of our staple productions. Tue anthracite coal
market is much demorallzed by the accumulation
of large stocks and, although there has been no re-
dnction in the companies schedule prices, c0nces-
Sons are reportei of from 90 cents to 81 per ton.
Several attempts have been made to come to some
agreement as TO the amount of output but thusfar
definite plan of action has been determined, although
late Yesterday afternoon it reported that par
tial suspension of mining for two weeks has been
agreed upon. Opinions differ of the effect on the
trade of Mr. Governs restoration to the manage
nent of the Reading Company Whatever else may
be thought of Mr. Governs previous management
of the Reading Company, 1t Is conceded that
he was eminently successful in Outwlttlngshls
competitors by forestalling the market with
future contracts; and the Reading Company at this
time is particularly overstocked with coal at ITS
stunning points. The iron market continues firm at
full prices, but we hear of one or two instances
where a failure TO deliver rails according to contract
time WAS met with cancelliug of the contract, in
sead of n claim for damages Prices for grain are
decidedly lower than week ago. The quality OF
much of last years wheat crop Is such that IT VIII
find no favor with shippers, and Europe seems TO be
we'll snpplicd. Notwithstanding the large decline
in the exports of wheat from the Atlantic States
since July l. 1881, as compared with 1850. the
imports of wheat into Great Britain from Septem-
her 10 December "a, 1881, were 20,112,324 cwt.
decrease of only 1872 900 cwt. Hence the supply of
all grains now at tide water probably is sufficient to
meet all demands until the reOpenng of inland nav-
cation And therefore nothing but extreme low
rates by railroads is likely to increase the winter
movement beyond its present proportions.
Al the Stock Exchange the speculation OF the
week turned upon reports relative to the railway
war which varied from rumors OF favorable
progress IN pending quotations" to positive asser
tions that matters we're arranged, and papers
signed. sealed aud delivered 1t is now certain
that none OF the reports or rumors current during
the week had sufficient foundation whereon to
hang hope that anything would be accomplished.
That there has been some talk back and forth
between certain railway officials is true; but
il does not appear that at cny time there was meet
ing between any two or of the chief officers of
the different companies, nor, except i'll one single
| instance, that the president of any of the compa-
MES has been consulted by the subordinate officers
of any of the other roads For the end of the week
the situation seems TO be that an informal agree
| ment has been made between the 2iesi-