New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-20

The exchanges for the week at the New York Clearing
House present satisfactory figures. They amount To
$l32 900 than for the preceding ana the
transactions stocks at the stock Exchange only
100000 shares They were Sls2.OO0000 greater
transactions were only shares This shows
large expansion in the exchanges arising from general
business.
The bank exchanges New-York Clearing House and
the stocks sold at the stock Exchange for the week
OF three years compared as follows;
Week ending Dec. 30 1884 Dec 10 1895. Dec 49, 1886
Eschanecs. s55sYS@5lea7 ssll5Ssa57t ssss5$d le9
I'm the local money market 1t was week OF unusual
activity and excitement while IN mercantile circles dis
counts and negotiations OF notes were hardly
Wednesday high y per cent per day and per
cent per annum interest-cqnal 10 1ss per cent
per annun since then there has been gradual ease
iBent OF rates although Thursday the extreme high
rate was repeated. until yesterday the rate was
Sal cent and the closing rate was per cent This
is known TO have been purely artificial and
speculative purposes In addition 10 the method
of locking up money by the Withholding from
deposit OF certified checks. referred above.
the instances numerous where loans were engaged
but the money was not called Tor and check for the i'll
teres the bank at too late hour money
to be reloanc If the lender had Thought he had any
al right 10 elOan it, That the condition OF the banks
their extreme poverty in ho Ing only 100000
called surplus reserve had nothing TO do with the matter
is shown by reference 10 Tie conditions or former years
the bank statement of December H. 1881 showed def
The Chronicle Of December "a, 1881, the condi-
tons OF the money market OF that week
AS follows: ION ordinary stock collaerals rate for
money has usually been 40 per cent with commissions
frequently paid OF ll6 OF per cent but to-day Deccn
cent the highest The statement
for December "a 1881 gave surplus of 81 800 The
Abatement of December %, 1852, gave surplus OF
S5272l75 81 100000 greater than the present srplus)
and money during the following week ruled al per
cent WITH per tie exceptional rate ordinary
stock Exchange collateral Money on Governments
offered In large amounts at per cent. The
Rank of England OF discount was 8
per cent The statement or December - 1888, gave
$50 80 $50 Tor the total against $92 4460O
now, aud a surplus OF S6s0i,15O against ~ OUs, 200
now In the week following tended December 20, 1851
we quote The for call loans has not varied
2d2e per cent mercantile discounts ruled at 52 per
cent for double names aud L. for single names" he
foreign exchanges unsettled by the local stngency
OF money sp ply the funds could temporarily DO
used adyantagcously at the stock Exchange than
In the purchase OF foreign bills. and ite
more titan nominal at - 70a and ~ - respectively for
long and short sterling. AS TO the future
OF the money market the conditions
not yet changed To an extent which
renders impossible repetition OF last weeks manipua
ton But during the week there should arrive
Europe something ~ 100000 ia gold. Tho Treas
ury Offering, only pay, without rebate the Janu
AIRY interest amounting 10 about SiOOOOOOO but also Ia
redeem with interest 10 the date Of presentation por
ton 81 the sos 900 outstanding per cent bonds
the probability or money being again extraordinary
stringent Ia very much reduced.
There no special change TO note In the commercial