New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-02

~
controi % va - che same time ended the long con-
kama 80 Mr. Vanderbilt and Mr.. Jewetr. Inc
test changes at S4 s9l20$4 90 ruled close to
iore'eu ,s avnorting point all the month, but the
' Dhinments amounted only TO S1,lOOoOo;
sV'u snorts of securities furnished bills to meet
:, ,orcantile demand. Tho situation abroad was
,,hopt marked changes. The Bank of Englands
,.,I;on Auctuated 1900 1000, with final decline
1000 600. and the rate for discount remained I'M
shorced at 8 per cent. The Bank of France gained
600 600 gold, and the rate for discount remained
at gig per cent. mn ooo ooo
Mov-Bank loans we're expanded S6.SOO'ooO;
,be cash reserves fell S6.200,000; deposits huctu-
ated upward S3, 900, and finally were ol'loo'-
600 greater than at the beginning OF the nioutn'
The surplus reserves fell $6,60OOO0t 10 S4'Zoo'oLo
Money. however, ruled easy at 204 per cent lor
call loans: tire loans were in better request and
80 ,ro,a = ner cent Tho New-York Legislature
nassed law repeating the usury clause OF the inter-
t law Affecting call loans. The Tennessee Legis-
,oture met by special call to enact new funding
law. bill was passed refunding the State bonds at
6O ner cent In Congress bill was introduced to
snsnend the coinage of silver dollars and to with
draw the issue of silver certificates; nothing came
of il The House passed the bill extending the char
tiers of the National banks. The Controller OF the
Currency issued an order requiring National
banks holding 4 and 4l9 per cent bonds
for security of note circulation TO charge
off each year 1-20 and lilo respectively
of the premium on the bonds. The prospects for
the crops improved although the weather continued
unreasonable Speculations in provisions and grain
marked higher prices, yet they were hesitaTng and
irregular Labor troubles resumed more serious
espect and strikes were numerous good deal OF
interest was felt in the opening at Chicago of new
Stock Exchange. The Treasury issued the 113th
call for the remainder of the outstanding Us OF acs
of 1861 continued at gig per cent, amounting to
about 81 2, 900, 600. The Stock Exchange markets
were quiet. Governments were easier-4s down to
1905 al 1904, and 4l2s to 115l2-the demand for
them being somewhat affected by the delay In pass
ing the Bank Charter bill in Congress
The stock speculation was dull; dealings
were confined almost exclusively to the habtual
and small traders, yet prices at the end of the
mouth-nether at the lowest or highest points
were better than at the end of April The interna-
t,opal movements of securities of little mo-
mani in either direction. Merchandise imports were
large and exports small The gold exports amounted
TO 81 g 600 900 and would have been larger except
for the borrowing of some amounts OF long ex-
change. which, being sold on the market Influenced
the rates. which. however, ruled strong all the
month at about 81 90 for sight sterling. The Bank
of England lost 100000 bullion and the Bank OF
France gained f1, 100000 gold.
Jaac-Bank loans were expanded 80, lOo,Ooo;
cash reserves rose Sc, 100000 and then fell S3.eoo
600: deposts rose So 900 900; the surplus reserves
ranged from $3,951 900 to So, 3S1 900 to $5.4Sl-
600 Money ruled easy at 2Q4 per cent until the
last week. then the first effect of the new interest
law was experienced, when money was worth more
than 6 per cent instead of loauiEg at commission
of 1-64 per diem. as the minimum, 1T was quoted
plain IO0S per cent per annum. The Treasury is
sued the Hath call for 81 900 600 continued SKIES
to mature August l. The Senate amended the Bank
Charter bill and passed it as amended 1t autho-
rlzed the refundng of the three and half per cents
into three per cents. Crop prospects improved ana
alarge winter wheat crop believed TO be assured
SpeeuaiOns in the products were unsettled and
irregular but closed firm at higher figures Railroad
freight handlers struck in this city and for few
DAVIS the movement of freight was blocked The
stock market was not active, but better tone was
developed in the dealings The failure of Meeker
d Co. temporarily checked the upward movement
and caused some depression; that was followed by
sharp advances later the unfavorabe condition of
the foreign markets caused decline, so that the
closing figures show irregular changes from the last
prices of May Business in investment securities
was slow and Governments were lower for the As
and 4l2s at 1908 and 114ls respectively. The
Bank of England gained Ct 1000 bnlliOn and
the Bank of France gained 91,100,000 gold; but
the London and Paris markets were depressed by
the threatening complications of the Egyptian ques-
ton The foreign exchanges were easier and sight
sterling closed 81 ssl2 the gold shipments for the
month were $6.3OO0OO.
Jalg-The bank loans were expanded SO, 500, 600
cash reserves rose SO, 2OO. 900 to 100000, 300 to
.July 10 and then declined $5.700,000; deposits
rose ST. 800 600 and fell off So 200, 900 and the
surpluS reserve was increased S5,100,000 &c
S1O.5j9 $50 on July 10, and then declined
1920 600. Money ged between and pei
cent. closing at the highest rate. The Treasury
made the 10th call for $16.000000 continued Is
TO mature on September Is, and gave notice that ap.
plcations for the exchanging of GIGS
into IS would be received on August l. the Louis
Vile and Nash Vile Railroad passed its dividend
usually paid in August. The Rock Island RaiirOa
attained possession OF the Minneapolis and St Pau
line The Chicago, Burlington and Quincy's liDt
was opened to Denver The trunk line advisory
commission recommended the maintenance OF differ
entail rates as they were before. The grain anC
proysion specuations. were irregular throughout
the month, but closed depressed. The intenatIona
exchanges of merchandise continued to make com
parsons with previous years which were unfavOr
able to this country. The final passage of the Bank
Charter Extension bill had favorable effect on the
prices for Government bonds and the As rose tC
120os0l20Ss eX interest, and the 4l2s to 115a
HAP; the optioned issues also were higher. The
month marks period when the speculation IN stock
took out three-mOnthS lease; the market
was active all the way through; the improvement
was general and large. but particularly
noticeable in the coal stocks, with
Delaware Lackawanna and Western up to 14O. and
Delaware and Hudson up to 1882 London ano
Paris markets continued feverisb, but money re.
NAMED easy at BOTH The Bank of England lost
fl600, 600 bullion, and the Bank Of France gained
5000, 900 gold. The foreign exchanges were lower