New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-04-27
THE MONEY MARKET.

SUNDAY. April 26-P. H.
The question Of war or no war between two or more
Of the powerful nations OF Europe less subject Oh
consideration in all the American markets last week
than 1t had been before tho weeks drift OF events
seemed to be steadily toward early rupture OF nego
tiations. The news published this morning was o.
moro warlike character than at any preceding e anu
1t seems to be conceded by all Europe, outside OF nh
cal circles that between England and hussia
least is now inevitable Naturally the Ameriean maj
kets take their cue from the London markets anu INC
seadness Of consols for the last few days and tne "
rates for money In the London Market pc,
cent on call-have given the idea thae 81
ter all peace will be the ultimate ouVoo"
of the apparently widening breach between the Two
ernments The extreme low rates for call loans IN Lon
DON while bankers 60090 day paper passes at Z'a@
81 and commercial bills at 2s per cent however is cap
able Of two interpretations 1t may mean holding VI
control Of funds for in an expected emergency Tvs
ont the usual call loans In London 70 rule peo"
the rate for bankers BILLS However lightly the American
mind may view the prospects OF clash OF arms Des"oo
England and Russia, there never was time oeiore
when the effect Of European war was likely 10 DC
acute upon American affairs as now. The effect OF al
preceding European has passed into history But
never before have had the complex silver question
to deal with I'm connection with tho other posspe vi
probable disturbing causes 1t Is significant that Win .no
foreign exchanges dun, frequently quoted nothing
doing" the rates have steadily advanced In the race
the extreme IN the London money market ului
they now are within 1 cent per OF the specie OK
porting peint. The advance has not been the result
any furry attendant upon some special and ePhemei
demand but IL has been gradual and steady snce INC
time when war was first regarded as possible. -,
These considerations lend additional interest 10 the
condition OF the United states Treasury because ae
all, upon that condition, regardless OF the amount
Of gold there may be held In other a .iP,%e
OF the unit named dollar. II the Treasury Is forced 70
suspend gold payments, all other gold VIII IN, in-
medatey become merchandise instead OF money ana us
price, on the silver Standard viii Dc depeh's,bh e
Treasury sustained further loss of 06ose IN gold
and gained 81 697 IA silver dollars and bullion Inc
balances now stand l9l93o OBS gold to sSl SUI
yer The changes effected as followsi In goa W
increased issue of 81 in gold eertasaes ie's
an accumulation OF S43s75S In the metal In silver Dy
decrease Of 900 in the certificate circulation Plus
tender notes were increased S2007007 by decrease
OF $4,000 in the outstanding certificates Plus gan OF
eli G37 OO7 I'm the notes National bank notes were IN
creased 81 3GS I9l and the deposits In National banks
were reduced SCOTIA. Thus, the net gain In available
balance CS3 99l 500 made by gain Of S3354s99
In silver and notes. less loss OF 81 060S 92 In gold ana
checks upon repositories of SCOTIA The fractional s,
yer coin shows about its usual gain ($o5,42Ol ana
raises that Of unavailable coin to S3O9l16lI Inc
following compares the results OF yesterdays staeht
with those Of April 10:
April Is. lss5.Aprl rs, 1855. Changes