New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-26

Yet money AT the Stock Exchange was IN abun-
dant supply at from 10 per cent, and exception
ally at per cent for call loans on satisfactory Sc
cuTitc, and sufficient margins. There was no busi-
ness in time loans. and the rate at bank was per
cent upon anything that was done there: Mercante
per cent The domestic exchanges at the west
ruled strongly against New-fork al the week, but
Yesterday were little easier. AT the south ana
Hast the rates favored New York. The foreign eX-
changes were unsettled all the week, and so little
business was done that rates for business were
little more than nOminal but they were on the
basis of about 81 81 and ~ 50 respectively Tor
long and short sterling. In London, with cessa-
tion of cold receipts from New York, the money
rate has hardened about q per cent In the open
market. fl
SHARP TecOVeres from the heavy declines or the
middle of the week so that in many instances, the
final losses for the week were unlmp0rtant ana IN
few cases there were small gains: In last week.
the instances when the highest prices Tor
stocks were equal to the closing figures OF the pre-
cedng saturday. Some stocks did not sell as low
as they did during the preceding week but the ae-
cline gradual and continuous while me raiiles
were short and unlmPOrtant. Yet nearly all tue
| active stocks commanded premium for use. LUIS
| not TO be presumed that this was because OF the
mapuitnde of short interest in fact many of the
| recent prominent bears" have closed their ac-
counts and are talking If not acting bullIsh," 1t
| is beyond dispute that some heavy loans
! are in process of liquidation, and IL Is
possible that the seeming scarcity OF stocks Is be-
cause that when the liquidation is not completed
such portion of the stocks that have been sold are
| withheld, and that the borrowing demand comes
| from those sources. We PRINT below NaluaOle
table for reference, showing the highest and final
prices of the principal and representative stocks in
! The week ended May 10, the lowest and final in the
week ended May II, and the highest, lowest and
final in last week. BY 1t it Will he seen that while
all but two stocks closed materially lower yestcr-
day than week ago. it was the higher-priced
! stGcks-dvdend Dayers-that last week suffered
| the most. 1t has been suggested and the singular
| condition of the market and of brokers' accounts
! seem to confirm the idea, that during the
%st two means have s%eod tEcT Incomes
by investing part if not all their capital as mar
| Gins at bank on loans covered by aud per cent
! Stocks, This money was borrowed at 304 per cent
and the stocks paid ga per cent Oh the purchase
| nrIce At all events that theory would explain
WHY the street Is undisturdcd by declines of from
10 to Is in such stocks "a Burlington and
| Quincy and Northwestern IN period Of seventeen
| DAYS Such new failures as were announced during
The week had little or effect upon affairs at the
stock Exchange. They involved LITTLE OF no inter
| est i'm the markets hose which were regarded as
Of the greater importance the failures of banks
| in The country and of those themOSt important was
| the Penn If pttsburg-Tcsumed in two days. ne
| closing however, WAS unsettled and BETRAYED
| good deal of timidity the part of operators on
| both sides Of the account.
| THREE wEEKS RECORD.