New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-25

The bank a. S Xe Yor &c cfoTgs Hoq,S r
the week or three years compare a. IolIows:
w,cE ended Jan ~ 5'si Jan - iSsl Jan ~ ISs'
EH'h-n .r' ~ 40 stoi!iS43inS9 s'-54S,
The local money market last week developed no
changes Indications OF anything but ease Tor long
period Ihc rates at the stock Exchange RANGED
from per cont the principal rate Was yer cent
which also the universal bank rate Tor loans OF that
Gloss Time loans easily obtained al BANK AT per
cent. Commercial paper passes at from 3l2 To per
cent according to character and date OF mat ury. HE
domestic exchanges ut almost every point were FAVOR
able tor movement Of funds toward tins city, II there
was any necessity for such movement, ana yet money
at all thc Principal interior cities Is quoted ~ being
ocasy ana abundant. People VINO wonder NJ ms CON
itlGu OF overlook tho important consideration
that since III" passage of the silver collage act tue
Tl3OOu)OOO IL Is for that reason that Win the Dauk
When IN ISIS WIN the capita! OF tho Oahks "i Sew
York some NIOOJOOO greater Ihen tltY arc now
Tor money on January 26 that year was per cent At
date 1875 amount OF specie held by the New YORK
banks was $50, $4,000 against SJ-2ODOOO now ITO
amount l. - POO 900. The total reserve IN ISIS Was
deno.Itstu Is7S we're T2O7 II 900 and they
$3.50 So. 700 The magnitude Of the changes IN the
monetary situation OF the country and their permanent
tho vaue OF money propaby nave Dceh but
little appreciated. ,
during the week but the markets were rm ana the re-
ducon Of cent in the Bank OF Eng and rate OF us
count WINS met by Stf-ning IN quot long DIS
Tue conditions OF tho market are such mat an ueuIo
demand either tor legitimate or speculative purposes
would result lefate export ko
Tue Exports OF last week amounted to over SoOoOOo
stock spectators, for PURPOSES ot Their nao an
or ~ 100000 with hto or no cost aud do IN man
and through sources whlch "Ouiu gNo Sio "PPo
nnce uf legitimacy and even deceive the bankers
handling the gold. The United states Is always
debtor country. II We INCLUDE the vast amount OF
foreign capital which has been employed here 50 long rs
almost t. create the Impression that is home CAPITAL
Iit there ia nothing IN the condition OF any of the
European money marketable Bank OF England last
week reduced rate of interest per cent ana tue
Bank ~ Germany l. per centthat leads one To Npec
u
great az small
General business again last week retarded by
severe storm, and and ice ombaTgOes; Dut sHch
causes only work pOstpOnrments and not reduction IN
tho volume of movements for tho whole season IN
the meantime merchants are becoming more c0hhdeht
of tho character OF the business ,,, tvs
the cGmns season ana made II i, ssd that
there activity In the Iron and steel ran
there but M is admitted mat 6 6err o arc S
buoked for lssG than consumed In tee htst cght
nrncy of American steel rail- mills ana good deal more
than three-:ourths OF the agreed ptO'ict iua
be- "A continual and daily ordering for future delivery
every DAY In the yeari The Thomas Iron company ~
now urnctcaly out OF the market having booked orders
for some 1870 600 tons OF iron for delivery through We
wbo'o year while It's entire product is rot
exncctcd To- exceed 10000 tons In July. 1883,
il had - 600 tons stock. Iron ana steel rails
at present figures return satisfactory proI,S w %
Favored makers and II they do that Is GOOD Tor the
aSnrra veal that they should 80 10 higher Inc moye
mentS OF the busnesS already booked ana Their oehec'
trade are n Iycrsaly bad and undoubtedly some sal.
for Immediate delivery have been made ,a AZ
should be so dcmoralized as it is reported
10 be hen there il q certainty of larger consumption
nv manufacturers than there was In 1885 Is difficult TO
cHnnrrLcud except that coal men generally nave one
c,c nm Tho stock market ana that one the Keen eye
The gain movements for the week necessarily were
small. OF wheat tue receipts at the western p"dns
| wcr, only little less than last week
| and 100000 bushels-nearly 90 per cent
| under the week of 1883; the shipments
oI.twarL NG5. 900 bush. - 10000 DusheIs III
excess OF preceding week and 10000 oushes u OK
OF tho week OF 1850 Aer further HeVin'' 0 corn
The week prices closed with little or no change
there was large decrease IN the receipts AZ Meseu
nuiuts-AOO 900 bushels against l3OOOOO pushels soI
Inc preceding week aud AGAINST 2OOoOO Oushcls lot
the week OF 1885 Corn closed about = cent nEheI.
| Tbcrc Nyas n halter expnrt movement OF wheati Tor
corn there IL good demand, but inc m3vems an :.
checkod by the amallness OF tho local supply lncle
ia 10000 900 bushels Of wheat III store ahu aioht
xrw-Yo aud only 100000 bushels OF corn Both .nc
re,,ps ut tho ports and me cxDOrts VI cotton ior 'ne