New-York tribune., 1885-10-19

The bank exchanges at the New York Clearing House
ana stocks sold at tho NcwYUTk Stock Exchange for
the week Of three years compare as follows;
Week ended oct 90 lss3 oct g. i9Sl oct ~ iS35 So
N. shaIes sod 3.O5SGT I,55S2o2 2SSs G5$
The last week has witnessed in financial, commercial
and mercantile circles a marked improvement la tone
and wonderful growth OF confidence IN tn future This
is half Of the battle already won in favor OF revived
prosperity. The improved feeling Is none the less sig
tonal movements Of boons " iu prices but rather
It OF greater Importance because II exists ana has
activity Only I'm the Stock Exchange and oil markets
were there movements which approached 10 being
significance, which the Treasury and bank
movements reported above rcveal-a growing
demand for the kind OF money which circuates. IN dis
tiHcton from that kind which Is the basis OF bank
credits at the great financial contres. Money-reai
mOuey-!ike machinery Is crrative~hcn IL moves, ana
not when IT is idle ana performs Othor service than
that uf swelling bank reserves to unwiedy proportions
way OF S2,0OO.0OO Of It's second mortgage bOnds-ihc
proceeds Of which expected to cxtinguish the com
panys floating dcht-thc recent authorized issue OF
S5OOOO00 preferred stock by tho Chicago, Milwaukee
and 81. Paul Railway Company for Ike purpose, aud
the late progress toward reorganization OF several cor
poratiOns which are In default arc all Important ad
vances toward a rehabilitation OF credits ON sounI
financial plane and the fact of such negotiations and
Srowimg confluence II need not be rank TO he per
aneIt and thus far the growth has been slow enough
be well grounded and hardy for frutOn yet these
changing conditions ana sentiments have had little
efeet upon the money markets OF the country and
probably will have little effect during the remainder OF
ibe yeaE The whole Iody of the machinery will not
start once and of Idle capital there yet Is super
abundance. Here at the Stock Exchange the money
market last week shade harder, but the
for call loans not above 22 the
being from / to per cent, aud iirstolass mercantile
papcr still passes at zig Gii2 per cent. The domestic
exchanges indicate comparative ease Ia the Interior; at
the places named the latest quotations for Now-Iork
funds follows: Savannah, 49l6 per cent dscouut
CharlestOn. discount To u per cent premium New
Orleans 81 30 discount for commercial, aud par for
bank 81 Louis 30 cents discount; Chicago, 80 cents
discount Boston. 10 cents discount Tie foreign ex
changes were duh but rmcr OF an absence OF CONNER
ciai bills and demand for payment OF Imported
securt es The market closed steady the basis of
81 y aud 81 Gz respectively for long and short ster-
Hing. - II.
The movements of general merchandise and products
were not important TIC coal .-dc stu Is c.ioylhS
boom IN the lg-@a Ccmaud for doucS:lc sizes he
iron Esd rtce markets present n0 pew features, WIN
marked seadIncss In prices Dry goods wero rather
quiet compared with preceding weeks but confidence
that consumption later on Will take tue present
product OF the looms sustained prices. SPECTATORS III
grain stl hold figures above the Ideas or exporters 80
that the movements In that direction were light nut tue
receipts Of whcat also spIa although IN excess OF
preceding weeks At tie Western points the IcCc 10 OI
wheat for tho week only Oehali Lf those OF lhc
week OF 1884 and twoblrs Of those oi 1888 Inc
NOV eastward show larger increase over pre-
cedng weeks in wheat but decrease III cora aud OATS
The railway go cents rates went into lrHc Op
Grafton at Chicago Wednesday last hence the railway
movements of iastwcek lO670 tons lesS than Tor
the preceding week and the decline Is distributed TO all
the articles uamed. Wheat at Chicago closed p
higher than week aSo. -.
Tic rccc.;s aHl sllpr.ctS 81 w!srat, corn AMI cats