New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-02

The bank exchanges at he NewYork Clearing
House and he stocks sold at the NewYork Stock
EXCHANGE or the week OF three years compare as
follows
wa sgsg s:s sJss5ss
RATES FOR LOANS AND EXCHANGES.
The money market suffered no important dis
turbance in the past week, and the rate for call
loans ruled at about l-2 per cent. On Thurs
day the rate reached per cent because loans
extended TO Monday but there was little bust
ness at the higher figures 1t not altogether
plain that even this advance was wholly due to
natural causes, for il quickly brought out lib
cral offerings Of funds. Time leans were I'M
changed at to 1-2 per cent prime colat-
eral although these rates shaded in some
cases There was not much doing in mercantile
paper, and the supply was not large. The higher
rates for money which are usual just before
April, have not been obtained this year. and
lenders have been disappointed, because they an
ticlpated an active per cent market, II not q
more acute strngency. They show some anxiety
to place funds at current rates, for the Treasury
disbursements, which begin tomorrow, will
throw over $1,000 600 on the market The con-
dition Of the associated banks, in connection with
the Government payments is such that easy
rates for money probable for some weeks 10
come. The foreign exchanges were quiet and
rates for both sterling and Continental drafts
were easier. There was scarcity Of commercial
bills, and the weakness OF the market was clearly
due TO purchases Of stocks for European account.
Railroad earnings for the third week OF March
Of last year, but the losses were much less than
might have been expected from the interruption
of traffic on Western railroads by the labor
troubles. II must be constantly borne In mind
that traffic was everywhere unusually large In
March last year In anticipation Of the PRACTICAL
effects Of the Interstate Commerce law. The net
earnings for February, that have been reported
ere more favorable In some respects although
Reading suffered heavy loss account Of the
miners strike.
ANIMATED SPECULATION IN STOCKS.
The speculation in stocks was animated through
out the week, and in spite Of the holiday on Fri
day, the volume Of business was absolutely larger
than that OF last week. The movement Of prices
was steadily downward, and under the influence
Of fresh labor troubles at the West the closing
was feverishly unsettled nj virtually the lowest
points for the week Excepting the Granger
and coal shares and q few specaltits however,
the declines were neither large nor important
The Granger, stocks naturally suffered most
severely and Chicago burlington and Quincy
Rock Island per cent. Among the anthracite
coal shares, Reading closed IA, Jersey Central
IA, Lacl1awanna 5-S, and Delaware and Hud-
son 2 IA per cent lower than a week ago. The
only other declines Of consequence were "a per
cent in Canada Southern, 2 5-s In Lake Shore,
2 - in Western Union, and per cent In Union
Erie, which yielded only SO per cent and Mis-
souri, Pacific, W oh closed virtually unchanged
Reading was irst in point Of activity. while ST.
Paul was second and laclsawanDa third Mis-
souri, Pacific fell from the third place last week
to the eighth.
These figures sufficiently indicate the course Of
the speculation and the causes that controlled y.
west of Chicago. # Is impossible 10 forecast
the limits which the new agitation may reach.
the Western labor troubles are being fomented
In the interest Of speculation, for ~ Is becoming
daily more apparent that some influence Of that