New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-19
100 Ss,l52 100 62O4s 100

The local money market ruled extremely easy for
call loans all the week, and anything above gig per
cent was an exceptional rate. A fair quotation for
the whole week is 2 per cent. Rates for mercantile
paper are quoted a little easier at 5l206 per cent
but there is little that is not considered giltedge
that will pass at the rates. There was no change
in the market for time loans stock collaterals.
The domestic exchanges without material
change except at Chicago, where New-York checks
fell from 80 cents premium 10 par. The foreign
exchanges developed no new features they were
dull, but strong when there was q slight demand
and quotations uctuaed accordingly z cent to the
e. At the close rates for business the basis of
81 S2l4 and 81 SO respectively for long and short
sterling Yesterday bank statement made favor
able showing, in that it showed gain of So 039 400
ago the changes are as follows; Assets-LOans now
are S9,503,SO0 greater; specie is 50 ,941 100
greater, and the amount Of legal tenders is $7,217,
bilities-DepOsts now 800, APT 400 greater, and
circulation is 900 less. The surplus reserve,
measured by the rule of 20 per cent to deposits now
is 50 673, 175 against deficit then of 1878 $50.
The Stock Exchange markets were irregular all
the week, and at times were quite unsettled. In
the Government department moderate amount OF
business was DONE and the prices for the long date
issues were firm, with the expectation of another
call for the IS, which yesterday made for S10,
600 900, payable and interest to cease February !,
1884. The final changes in bids for bonds are ls
decline for the s. and Il advance for the As.
In railroad bonds the market was unusually
active, and IN some Instances the prices were
sharply advanced but the demand and activity were
almost exclusively in few of the better classes of
the low price issues. New-York, ST. Louis and
Chicago first 6s, West Shore and Buffalo 5s,
Chicago, Burlington and Quincy debenture 6s,
East Tennessee, Virginia and Georgia cOnsol 5s,
Lake Erie and Western first 6s and Chesapeake
and Ohio trsts, series Il, were notable in their
class. Among a lower grade, Lake Erie and
Tennessee, Virginia and Georgia incomes, which
advanced 3 per cent Boston, Hartford and Erie
tirsts, Virginia Midland incomes, Atlantic and
Pacific incomes and Missouri Kansas aud Texas
seconds were specially active. Texas and Pacific
incomes were eTratc. We understand that holders
of about, %2,0OO,0O0 Of the bonds have sc-
cepted the " scrip for the two years in
tcrest. Yesterday a suit against the company
was begun by service OF summons and complaint 10
which represents the holders of q majority
of the remaining $6,000,000 of bonds. The
theory of the suit is, that if the cOmpanys option
to pay in cash or scrip does not expire on the day
the interest becomes due il has no limit and might
well be exercised i'll 1890 as in October 1883,
for the settlement of interest due July, 1882, and
July, 1853.
The share market reflected little more than the
daily operations Of local and professional traders;
Prices huctuated up and down without substantial
reasons for doing either But II Is worthy OF note
that the best figures of the week, almost unlyer-
sally. were made in Mondays early dealings. The
transactions IN stocks for the week amounted to
2,057 1870 shares against ,G33,GS3 shares for the
preceding week of only five days; but Of lat
weeks business five stocks contributed 1,242,4I7
shares as follows Delaware Lackawanna ana
Western 6l2,77O shares more than the capital
stock aud il closes - higher than week ago; st.
Paul 220077 shares, and il closed off per cent
Oregon and Transcontnental G2 305, and il closed
* higher Union Pacific 1929, and 1t closed 81
lower; Lake Shore 1O5 $50 shares and 1t closed Is
lower, The usually active stocks generally show
final declines of from TO GIG per cent-the latter
for Manitoba Among the advances those which
are exceptional because of special reasons Lake
Erie and Western, 10; Nickel Plate, %. and pre-
ferred az and New-York and New England, 5i2
per cent. At the close of the last week there was
less unanimity of opinions of the course Of the mar
ket than there was week ago. Still the bull ele-
mcnt is yet larger in numbers than is that which is
"bcari,hyn inclined.
The following were Saturdays quotations for I'M
listed securities: