New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-12
u corresponding dates for the preceding years;

Per CT Of reserve. 26H ZIOT |o'8o
? During the calendar week the Sub-Treasury re-
deemed only $40, 800 bonds embraced in the 10Th
call. The call matured yesterday that after this
the bonds are only redcemable at the Treasury in
Washington. There were no further issues OF gold
certificates nor of legal tender certificates. Neither
were there any redemptOns OF legal tender certll-
Gates Money at the Stock Exchange was in
abundant supply all the week at 3l204 per cent
with exceptions at and per cent; on Govern
ments the call rate is about and the time rate 2
Except on Government bonds there ID nO much dlS-
position put out time money, ana the DdDks are
doing not ming in mercantile paper beyond granting
such accommodations their dealers as they cannot
avoid doing they not buyers of paper and seem
to prefer the placing of funds on call al lower rates
than are obtainable on merchants notes. The sill
yer question ls Attracting more more d at'ehhu iSn
fofore and il would be IDLE 10 attempt
10 disguise the fact that serious appreHehslohs
are enter aimed concerning the outcome OF CON
fnnrd coinage OF the t4l2l2 grains silver dollar.
III Is cOmprehended that the general use OF hIEer
means premium in the market for goldi ana that
means an immediate contraction poi tHnrc
1izatIon) of all the goi4 com I t1eIo
IL in the country. In October, 1915,
when the SILVER bill was passed, SILVER III
London was quoted at 54G54 i2d. per ounce oinc9
that time the United States treasury mas colneu
Sl35 600 900, and has accumulated ana now mas
III its vaults nearly $lOO,Ooo,oVo OF tho ~
silver has been taken out of the markets. Yet the
value of silver London now is 3D. per ounce less
To furnish free storage for silver Despite all that
The House Committee on Coinage last week re-
norted a resolution that IT ~ fne1pedlent To ds-
contnue silver coinage and admitted lts AnOWledRe
that dIscon tinuancc IN eXpedlent ny recommends
ing approoriations for the construction OF new
storage vaults for ,ilver, that the accumulation OF
depIeclating "dolars" shall not be restricted
for want of room TO store IL lu' INC
domestic exchanges in New-Yo last week were
uctuatlng; at Chicago the rate turned IN favor Oh
New.YorK while at New Orleans the chapge was
against Nev-YoTk: the latest quOtat0hs NJ ln ~
places named are as follows: Savannah, pal W -
premium :; Charleston, par TO 4 premium No"
Orleans. so cents discount for comnerclal anu noi.
inal par for bank ST. Louis, 10 cents discount
Chicago, 20 cents premium; Boston 20 a. on ooI''
premium. - ,,
The foreign exchanges ruled hrm al nc WI
through, and that with only moderate denanu
tor mercantile bills The reason for TINS mas pcol
30 often given that 1t seems almost supcrDuo9s ~
repeat IT, But such strenuous efforts are niaue W
exaggerate the importance OF an eAcesss
ot exports over imports Of $69,0OO,O 600 Tor tne
three months ended on December 81 1852, against
an excess OF only $42, 600 900 for the same llio
OF 1881, that the truth cannot be too frequently re-
poatcd For the same three months OF 1851 Tue
exports exceeded the imports Sll0,0OO,OOO leI
following the excess OF exports for the last three
months OF 1880 our excess of imports of gold over
exports during the first SIX months Of 1881 was
only $27O00,0 900, and following the excess OF
meIchand 50 exports for the last three months OF