New-York tribune., 1885-08-10

The monetary situation presented no new features
duriug the week. At tho stock Exchange call loans
was y per cent. Frstcass mercantile paper passed at
3d44 per cent: The domestic exehanges wsre iires,
M the places named for New checks were ~ fol.
lows Savannah. par to y premium Charleston. isa =
and S2a5 80 for bank 81 Louis. rs cents premium
Chicago 40 cents discount TO par Boston, to 10 cents
nf Tho new crop OF cotton should the South.
exchanges against New-Iork before the end
idle money 1t not likely to affect the rates III this
market. -, ,.., a, .s ,o,os
were advanced onehaf cent Tor sterling ana propor
onaely for continentals, partly on better general
demand and partly irmer money market In London
Since June % the Bank OF England has lost f2oOoOOO
gold. and its proportion OF reserve TO liabilities @ mas
period the Bank OF France has gained 100000 gold
aud It's stock Of silver Is rally nncansed ana tho
Inperin Bank Of Germany has lost f93oIOO specie
supposed be- proportioned as toiows a233.921 gold
and 97Ol ,775 silver.
that the preparations for the funeral OF General Grant
had some effect the movements or general mcrchai
disc; but IL cannot be denied that the ceremonics
brought thousands Of people to tho city who left
millions Of dollars here To nat extent the local trGlo
have been. The wholesalers and Jobbors. however.
report marked Improvement III any brancl hardy as
the season Cotton goods were frmer and held prices
with greater confidence but that vas because OF the cur
mand for consumption.
The commercial situation presents no particular
ences between the export and merchandise as repre-.
eented by the movements at this port are not
making o. faycrah!c Comparisons with the pre-
ceding years as they did earlier In the year.
Speculation In grain has been only moderately
actye but records advanced prices for the week The
prize OF wheat has been largely influenced by tho con-
hicting and contradictory reports concerning
the condition Of tho spring wheat crop Bulls In
wheat that tho cropi badly damaged anu that
the shortage will amount to 100000 bushels. or
bears contend that the reports are exaggerated for spec
ulative effect All that can bc positively known at TINS
distance is that during critical period here soIne
very weather In the wheat growing section
that may may not have caused damage beyond few
localities But allowing all the damage that s claimed
there will yet be o crop .fully equal 10 oil de-
mands. On July ], when no damage to spring wheat
was anticipated, September wheat was 0o ana last
Friday otter an advance OF cent for the week. 1t was
only 003s cents. Tho demand as well es the amount
OF tho product 10 factor In the price, and the price, OF
rather tho difference In prices between the points Oh
production and of consumption Is the Important factor
In the tonnage moved for instance. the receipts OF corn
ut the interior points since September l, 1854, nave
been 900 900 bushels less than In tho same period o
1889. The crop Of 1883 was small and that OF 1854
waa extraordinarily large one. The shortage OF the
winter wheat CROP however IL having some enect upon
the receipts which at the interior points are running on
y little ore than ope-half OF what they were at tne
Same time In 1854 and le63 but the stocks OF wheat IN
market are now 3s500 600 against Oo0oOO as same
date 1854 and l60O0O00 In 1883 Corn improved about
twn cents tho small stock and light receipts
standing the outlook fayors - large crop or 1850
6 there was In 1854 Provisions yielded 70 the press