New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-08-28

rotary ia NOT authorized by any law to use them
for any purposes other than those for which tney arc
designated. In fact they never should nave az
peared as the trusts as Liabilities III 'no
general debt statements they are IN no way ps pa
Of the reaSurys general funds. But ii IL WIZ III
sible, according to law, To deposit I'D the Na.on'i
banks those special funds or any part OF Inc e.
cash that is IN tie Treasurys Naulis F CO...
rrouislte is a deposit by the banks OF ooN
eminent bonds to the amount of cash tneS plol.uE
10 receive on deposit. Have the banks eol tne
bonds or will they purchase them at preseut quo.a
tions for snch a purpose II the Secretary was
granted any such power 10 play with the l9oneE
markets as implied IN the suggestions 49,
TO- With an unwise Secretary, the position ul pI.'I
DENT or cashier of q National bank might De much
more lucrative than II ~ -, ! 80 not
The foreign exchanges during the week were n"e
particularly active, but they were hrln, anu thc
ouotatious were advanced 10 the specle-siIPpluE
point that is 10 rates at when, II puaiue99S III ~
done, bankers can afford to cover theiF
with exports OF gold Much surprise - vi -
at the continued scarcity of commercial DIS DuU
II IL forgotten that bankers ran no risk IN tnee'Ins
the mercantile demand tor 6O-davs bills when lhe
rates before ruled at the specie-shlppmg polnttIL
they had all the chances of pTOnt on poSslolo
decline for exchange with the certainty OF no ioSS'
because the rates received warranted gold s1p
ment at the maturity OF thelr nus IL .lt pr ~ H..
be me cheapest remittance. mat theory no. pltS
Will account tor the present eager dehiahu duIols
bankers tor and the quick absorption vi 'll ~
mercial balls Drawn but also To- the cAliehcN
bearsh talk on foreign exchanges IN winch sum-
OF those who uow are most "EAlou9 W go
changes on New-lOrk at the places hdiheu AT
quoted as follows savannah par 10 4 premium
Charleston, par 80 L premium N'N -Ci '1I hi,o
cents 20 a. 80 premium; ~. louis, par hiC'EV'
90 cents dIs.ount Boston, 90 To 40 cents discount
Under cert IA conditions the quoted rates l'I 20
nestle oxchs-Agc are no longer sure ihulca-
non Of the movements of money. Since the
treasury will accept goa uep"S's az ~
Eastern Sub reasuiY ana Issue - tuotciui
small silver certificates at other Sun-lredsurles'
there Is no cost for transportation nor loss Oh hteI
est; hence where silver certificates Will pass current
the exchanges are eGuaLzed; thns, aiunouRu oon-
siderable moved 10 st. LOUIS last Week tnluuhn
the agency OF treasury transfers the rare there lot
New-ioTk fun was par all me week Wiille ~ boS-
ION where silver certificates are available OhiS ior
cnsto dues New \ ork funds ruled al the extraoT-
binary discount OF from 80 10 % cents , -,
The commercial situation presents niue cha"s
from that OF a week ago. Ile receipts OF "heal a'
the esteru points o. accumulation nave O'eH t@I'
but not large III view OF the reported extent Oh Tue
harvested winter growth Inc spccu.a ION d. Nui-
cAgo was variable, and prices Enctddteu eVtIS ua'
according t. the day receipts OF the dueIeut arr
cles and tine conditions OF the weather. Iol noH',
rbe week closed with the prices about y cent
h cher than a week ago The receipts oil corn VET
100 900 bushels more han the rece 9o oil me pre-
cedIng week but 100000 bushels less thah loi
the s4le week OF 1881; the Pre-. OF corn SLOWS
final advance OF d ana = iCI september dhu 49,
b,r respectively, unchanged for November anu f'r
all the year, and a cent decline ior May Od's'
under unusually heavy It 'tlp-, cOreu Win suldil
loss PORK aud lard. although not mp 10 best
fuurrs established material advances Tor the WeeA
Ine movement eastward tgOm Chicago o. al grains
was 700 900 bushels gTca eT than ior the prece ing
week large sA pulrut- OF oats making an important
contribution to that result, from Whlcn the rail-
roads rcaped az exceptional DchrAl' because lIihe
wa au Important factor, oats being pldcUcahA cor
ueIed Ia tine Eastern markets Inc exports Oh
wheat continue 10 make handsome COM
uarsons with those of year ago, not-
viIhslanding that the British marAets
have been weak ana declining. But, a. al lOohs now,
u seems that what, Tor several months IS -dlhtG
on last year export by shipments Oh wheat VIII W
lost 10y lighter >hlpneut oil corn auu Provisions.
Inc cotton speculation LAST WeoA was N944 under
favorable crop reports al nome ana soil markets
at LlverpooL Ihe Exports Ia'l week lhoulteu L"
l2I7o bales. agaI 81 l-,4JO bales Tor tIc pee
cedlng week. against 20, IU- bales I'r tne WteA
OF 1851. Since september ], lSSl, the exports
now loot W 3jO3,.41 bales. against 4,5J4l5S
bales Tor the same time OF the preceding year.
The European stocks at GATE are J-O'OOO Oa.es'
against 49,, SO bales at the same date III 1881,
ana o7S,O4l IL this date I'D l~9O ana lhe qutHtIy
ahOat EUROPE now is oI5VUO D"les' against
$4,000 bales al TINS date ia,i year Odt OF lha'
quantity anOat now, only + GOuu Dates art amer
Lean AGAINST $1,000 bales last year. Inc iron
markets reported Is quiet and pIlcc, are stca y
II not nun. lhe anthracite cOI interests nave
agreed 10 cur aIlmeut OF SIX days production,
and seemingly WII4Ing 10 agree % iurtler Tc-
stlictlOn # II found necessary 10 project the
market In. production l. III advance Of sales
/ ne StOck Exchange markets Last week gcheraLy
were dull but nor without soue pronounced features
Government bonds were ques anu Tor tue hAed-
date Issues prices were lucr lAt maj blIs LOT the
~ are ~ aud tOr the r. a ngner than week ago
N0tuIl.I definite IS learned from Washington re-
.n.rIluI il, EXCHANGE OF 3-3s for B. And what. II
ayy erect that operation, when Completed, WILL
have upon the market. Is SIN mater OF douoI
Staf bonus were UNUSUAL dull, ttlc business being
dome outside OF the Tennessee laauco IdJu not nue.
III them " Inch were lower; TIE us declined 10 Oh
and he, complOlnIse bonds 10 - = IS. lie ued
luU ia ll.lluad bonds WAS unusually mcdEIt bul
there Wa. q general drli' toward lower prices LOT
f,. speculative Kinds, wnIe the supply oil invest
l.ls VA, fully equal to the demand IN The STOCK
maril,t considerable progress wdssu4ue toward
Liquidation OF a portion o. lne 4dle speculation
lIlces generally ale lower, bN Tor some stOcAs me
,rcllues are important ana for Others are
,uuci,ntiy 50 to indicate withdrawal oil tudt sup
u1,rI win winch they were favored uJte Zine
H.. the dulucss - reflected by the
nrIres IG2J.IOU. as the number OF
,u. re, bought aud sold during the week against
/ 77Z66Z shares IOr n preceding week, ana
/ 90 III shares for the wee preceding that.