New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-08-13

and tho stock, sold at tho NewTsri Stock Exchange for
the week Of three years compare as follows:
E:': :sse: :Hf :sf :ss
THE MONETARY SITUATION.
The money market last week developed
change in the present conditions, or anticipations
of change in the immediate future. For call loans
the rate ruled nearly uniformly at ! l-2 per
cent, and exceptionally at per cent with some
Of the uptown banks pressing their funds at the
higher figure named. We unable to discover
any change in the market for time loans. The
financial institutions, other than banks OF deposit,
are seeking to place money for sixty days TO SIX
months at as low rates as at any time have been
current We can sec nothing IN the talk OF
tendency toward higher rates beyond the fact
that it is natural at this season OF the year TO eX-
pect a movement Of that kind With the move
ment of the crops there undoubtedly Will be
demand for movement of money TO the South and
West but because these sections are better sup
nljed with money than ever before, and because
of the exceptional strength Of the NewlOrk banks,
it is not probable that such movement as there
NAV be will materially affect the local money
market. Again, it must be remembered that
large amount Of Government bonds are being
carried on borrowed money waiting Tor the Secre-
tary to advance the price at which he Will pur-
chase them. In view Of the Presidential cleo
tion. it is unreasonable TO suppose that the Adj
ministraton will fail TO strain point to reduce
the Ireasury's existing large surplus by the pur-
chase Of bonds, TO keep everything pleasant
and agreeable On the other hand, should an OPP
rrarrying Government bonds, such bonds would
he displaced and seek sales to the Treasury at the
Secrctary's figures We have written that the
associate banks of the city Of New-fork probably
held AZ the close of business Friday evening some
thing like 81 900, 900 less cash than the sum re-
ported as the average for the week leslSruay
novments for Thursdays bond purchase made good
he supposed deficiency. There was better sup
PLY of commercial bills in the market which i net
demand nj 4a5 per cent lor siNty u'Hs 10 iuuI
months paper and Sac per cent Tor SIX months
The foreign exchanges were dull ard heavy all II
the week The advance OF inc ntH ~ ~ SSdnr
difference between the rates for long ana SNORT
sterling. which was made By decline IN tne lohg
rate The market eiosed GtlTe on for long and
short sterling The only full returns yet mace
by the Bureau of Statistics OF exports IN a .ni
mineral oils The value OF cotton exported N
July was sl,424.lOO greater than IN Jny, Io sS :,
and Of Petroleum lne tor T,,roCran ac
count are retarded by the scarcity OF Vessels
THE GENERAL SITUATION
The Government Agricultural Burcau during inc
week issued its report OF crop condition' as OIL
August l. As there always Is, there wa, " ,s ue
~ JnIr l. The average fell from o. 90 to 1903
DER cent The averages OF August IN precedlhg
years were 1887, 1905 per cent; Isoo r sV per
total crop Of winter and spring wheat OF w.
600. 900 bushels against 456,00OOOO bushels last
cent during July TO 85 05 per cent, against so %
August /, 1887: s0.O7, August J. lss6, ana 20
per cent for both years 1855 and 1889. ne crop
Of corn indicated is 2,O5O,000,000 bushels Inc
average for onts August was ol.O7 indicating
200, 900, 600 bushels for the crop, against ooO,,
600 900 bushels last year cotton Hnpro.e1 =
slightly during the month, but yet on August /
IL stood at 1903 per cent, against 9J03 August
l. 1897 and al .03 per cent August ], 1880 ne
general movements for the week were reported oy
trade journals as satisfactory, with an improve
mcnt in collections although the la All
ureS for the week. in number, excecded
,hoss NJ the week OF last year. better tone
was observable in raw and manufactured iron. ana