New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-09

5000 900 in gold coin for that amount OF silver GER
tfcstes to be issued at New-Orleans and IL paid
1920 802 Assay Office checks for foreign coin anu
bullion All Of these items went into its statement
of receipts and PAYMENTS Hence the Treasury true
loss at New-York for the week was So, 761672. The
local money market ruled active and high rates pre-
dominated during the early part of the week. rang
ing from 10 20 per cent but after Wednesday the
movements easier with rates prevailing at ana
per cent with almost daily exceptions latter the
business Of the day was practically nshed at rates
down to per cent. The rates on Government
bonds were to per cent Mercantile paper
moved moro freely than it had before for long
time. and first class names were negotiable at 6G7
per cent. The reported quotations for the domestic
exchanges on New-York ruled favorable to the city,
but there are some indications that the quotations
gwen to the public more or less fictitious the
character of the bank statement, as well as the TACT
that despite premium quotation for commerclai
bills at New Orleans all the week 100000 was re-
mittcd there from this city through the agency OF
the Sub-Treasury, are sufficient to justify sus-
picion that tho quotations tempered with. The
foreign exchanges sharply advanced during the
week and rates for business closed on the basis
of 81 SO and 81 10 respectively for long and short
sterling against "a S1as and 81 1873 week ago.
THE TRIBUNE needs not to look beyond its own
columns for an explanation of the changes which
had occurred in the market for foreign exchange.
On February 20 THE TRIBUNE saidi 1.-THE foreign
exchanges were dull all the week; the mercantile
demand for bankers bills small, although 1t Is
certain that the remttances for our large 1mporta-
tions sooner or later must be made; and ON March
II il insisted that the movement OF gold from
Europe to America, which then had
just commenced. was movement part
" forced and not at all due to the
conditions of our foreign commerce, and after COM
menting on these conditions and the state OF the
money markets of London and New-York, 1t said;
Hence II is the condition of the interior trade
rather than that of the foreign balances which Is
exerting momentary effect upon the exchange
markets" With easier money IN our own market
tho rates naturally advanced, although the mercan-
file demand has not yet reached Its legitimate pro-
portions
The commercial situation during last week pre-
sented no changes of a favorable character. There
were an unusual number of mercantile failures re-
ported and some of them involving large amounts
of liabilities In the grain and provision markets
the shrinkagc in prices was large, amounting 10
about cents for wheat cents for corn. 37i2 cents
for pork and 80 cents for lard The
causes which led to these respective
declines are of importance than the fact
of the declines themselves, They were due less TO
improved reports concerning Tine growing clopS
than To a falling of of the immediate demand,
which makes a carrying Of the heavy accumulations
from recent free deliveries n burdensome matter.
The decline for grain in Europe rather led than
followed the declines in the New-York aud Chicago
markets The scantIness Of the export demand is
accurately reflected in the freight rates TO Europe,
which have dropped 10 33i0495 cents bushel for
grain Receipts of wheat and corn at the principal
Western points last week were considerably smaller
than they had been for the preceding weeks and
the movement by rail TO the Atlantic seaports also
shows large falling-off. The shipments eastward
from Chicago of grain last week were only 1882
tons against 30 SCI tons for the preceding week,
and of -four 1858 tons against 1923 tons The
total shipments OF Hour grain and provisions were
3O6i7 tons against 1902 tons for tho preceding
week - ~ tons for the same week Of l6S2 aud
AZ gGI toms for he same week OF 1881. The FOL
lowing shows the comparative shipments by each
rad out of Chicago for the last week oil 1857 and