New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-25
n the cnrr.spondlng da.. ~ preceling years:

DARING last week there was steady hardening OF
rates for money not ol.y at the Stock Exchange
Lut also u the markets for mercantile paper. Yet
there as YETI has been no positive s'rngency tllsi-
class paper passes at 7 per cent and call and time
I,,usi Governments are obtainablc AZ sac per
cent. Al me Stock Exchange call loans secured by
the ordinary collateral rnied 40 7Oo per cent, but
at tunes the pressure 10 borrow was sufficiently
urgent u make the rate I'D. and ON one day - per
cent. But uutil there has been money enough 10
90 around and we have heard of no instances Of
brokers being compelled to take their securities 10
bank to make good their accounts. While
money has ruled easier thus tar this season than
1t has tor many preceding seasons, it Is easy
10 unGerrate the actual condition of az
fairs Take, for instance. the statement pub
listed that on Thursday large sums OF money
were borrowed which were not taken up. the
borrowers simply paying the interest for one day.
Such Things do happen almost every day IN
the year because Of a non-devery of stocks, to pay
for which brokers had made early arau gemeuts
for money. On the following day the rates for
money were no easier and some of the best HOUSES
III the street, which never borrow money i'll the
Stock Exchange without first having exhausted
nj Of their usually large facilities, were borrowers
0. large sums In the Board-room at II per cent.
The Treasury is absorbing but little money at
Treasury Of 81 294 4GS coin S77l 900 of II was for
the payment OF silver certificates at ST. Louis etc
so that the Treasury only gained 1921 1868 coin at
this point all last week. The interior movements
have not yc; reached the magnitude OF those OF
previous seasons, partly because of he latencss
Of the cotton crop. Whether the movements viii
amount 10 as much or than in past seasons
depends upon the disposition to be made of the
Southern and Western crops. If they TO be
moved this autumn, the demand will be both large
and urgent. From this date to December 10 of the
wears ssl and 1850 the associated banks of New
York lost S9443 800 and 81 ,s33, 700 in cash. and
contracted Their loans .ss3 400 and SIG 244 500
respectively. During the period the imports
OF gold at York 5000. 900 IN 1851
and So 200 900 IN 1850. aud the Treasury >
true res, rves at the beginning Of each OF the
perlOds named were greater than they are now
These statistics should help our readers IN ter
calculations OF the fu OF the money market. In
the meantime the demand TOR money al the South
eIn and Western centres is becoming more urgent,
and The exchanges at all points save New-Oreans
are against New York, and AT New-Orleans CONNER
Ga bills On New York are quoted al 81 oOd9l AIS
count, while bank checks are iOminaIly held AT ~
premium. The foreign exchanges last week were
weak ali the way out although a. The close there was
more seadineSs for sight bills The causes affecting
the market we're OF a temporary nature and not due
70 an Increased supply Of commercial bills drawn
against shipments actually made there was some
0iscounting OF a future shipment OF cotton there
was only small mercantile demand for bankers
UAls and the activity In money here. together with