New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-15

merts for dividends and interest usually create
more or less disturbance in the local money
market.
The week opened with the local money market
subject 10 renewed manipulation. and call loans
were made at the Stock Exchange on Monday al
as high rate IA per cent per dIcm ana
interest. On the following DAY the general r"'e
ruled from to j per cent, and by tie middle 81
the week the common rate was 1a1 per cent WIN
exceptions as low > per cent. II was par
tculary significant that on Friday there were NOT
the usual high rates because Of loans made on
that day being uncallablc on Saturday, ana the
common rate for the day was 3a1 per cGnn ,
There are some indications that money -!cH'i'i9
are Just beginning to feel anxious to place 'lhc
money at per cent I'm moderate amounts S3ht
business has been done ana more onGrcI 81 ,rnr
rate. Naturally under the outlook the borrower
when he finds TINT he can obtain time moucN Is
less anxious 10 take il and more Wiling 10 t'I
upon call money AT the low rates at winch II Il
obtainabe at the Stock Exchange. We sugges'ed
the point to ey-lcnders two weeks ago. whrh
time money was an unknown commodity III inc
market. and pointed ont th2t whcn lhe In IT,
came that long loans were offered. IL WouW III
G,Nicut to obtain for them a per cent rate. ,
The foreign money markets have steadily WORKED
easy and in London the rates In the open marht'
for discount are down TO about per cent;
while for bankers balances the rates nave ruleI
between All per cent. The BANK OF Engi2nu
now holds $500, 600 more gold than IT. hHI'
year ago and CG400.000 more than Ii h'Id M
date of 1855 The comparative position of the
Bank of France in gold holdings IS &44 eoo;ooo
now. against $50 SOC 900 December y, 1850,
Vi
eign exchanges during the week were irreGul2T'
rates varying according 70 the class of bil'
offered But there was a smaller dlnclcncc DC,
tween bankers and commercial nils than hal
been ruling recently, and under the action oi
two or three Of onr banks commercial bills iound
a market at moderately teir rates. which before
had been denied them. Tho market closed easy
with standard bankers bille for actual business al
about 81 20 and 81 Il respectively for long
and short sterling Gold may he imported with
the rate for bankers sight bills AZ - 50 -
pO,n TApVJNCS
The Chroniclc's' compilation of railroad gross
earnings for November includes those of ~ com
panics OF the total number 10 companies re
turn Gains on November, 1881 averaging 100
per cent. and ~ companics return losses aNcraC-
ing A. per cent The whole give an AVERAGE
gain of f6 per cent which is top Of gain
Of Il per cent for November 1881 over SIS
The subioined table divides the aggregates and
differences of companies showing gains and losses
November. 1S~9 1890 Differing ,. -:
10 companies so 3}7 soG "o9 900 Inc. s5 80 10
AZ companies. 1857 500 Gj,565."35 Dee. t9c,l -
Totl153 1l3 42i15,264 Inc. II N'ol3l 49,
As there were five Sundays in the month Tins
year. against four in the month of iNe9, lh'
real gain is much greater than the apparent gam.
The following table is made mp on basis "l
twenty SIX working days for November. $50, ana
twenty-five working days for the month of 1890.
AVERAGE, PER DAY.