New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-03
Ill STREET IMPROVEMENT
,rsunT OF BANKERS ACTION
,r,ox OF THE FEDERAL TREASURY
THE MONETARY SITUATION.
Sunday. Aug. 2-p. m.

h0n ONE and from miscellaneous sources
$50 Total from all. S5.SS9.299. against
ssc ooi e. the preceding week. The receipts
W month K date amount to Sl,o0I.2-2 and
for "' ,,,nts to S1.616,o0o. making the excess
me futures over receipts S55S11S. For the
Of e" 20 date the receipts ere S30OS6. 13l,
hsea' ...ares Sl;-1i 900. the excess of cxpendl-
eSpe', Ing SECS .5C3 The weekly Treasury
u'e showed a decrease of S2,3I1,S5S in
s"'...,,ahle cash balance and a decrease Of
ue oE1, IT. the actual cash balance. which Is
s,,cl5S472. The Treasury received in the
10" Al GIL National bank notes for redemp
We" ~ secure National hank note circulation
u'. 5000 "a 40 in bonds as follows:
Pc. .a,. 1907, ID 1850
isrency $50 :22i1lo0
h. PER '"'O''''''
,..,,sa States bonds deposited for circulation
= Tho week. $4,000 United States bonds
eu '.ss,awn. $4,000. National bank note circu-
,..Inn outstanding notes S--nof-,-
!s.lVn no,es Ss7. 5S1: against which the Treas
ssS' soiSs $40 6SS $40 legal-tender money for re-
e VI! nS, Of surrendered circulation against
f1916i .l26 week aso'
suh,o,red is Saturdays Treasury statement
,ornared with that of July 20:
july .. Aug /. Changes.
Cold CON anu w.
ION less SOC 49, re sllo71sI4S Inc. IS. 165 es6
L. s notes N> no 4o7ss2 1902 .42s Dec s2s1ass
tnv.r dollars and
eslloa a. l''e '' sso7e42 sseoso5 Dec lool 5el
rre.. $50 40 sOs s25I $50 222 Dec sO175s1
pt 1P7os.i banks rs.7lso I5sses1s Dec lsco277
.v.p.N, cash ss9sl4sa3 s2e7 a7la5 Dec s2S77, SIS
pt ssi'e, nin'. s427cc Ie7sess Inc. 2s5l e57
I.,1 cash sss 1887 $50 i5s472 Dec S. 22s SIS
THE MONETARY SITUATION.
frrner tone ruled in the money market last
week and at the end there was a good demand
for time loans on good stock collateral. rates
running UP about per cent and in some cases
higher. Only the best security was accepted
and some loans were made for which gold notes
were required. The business done was not large
Is the money institutions were not anxious TO
make engagements. and as the demand for &C
commodation was not urgent. although there
was an Increase from the South and West for
crop-movement purposes. Money call rep
resenting bankers balances. ruled at 12d2 per
cent. with exceptions at 3 per cent, the general
average being ~ per cent Banks and trust
Time money rates closed at Az per cent for
thirty 10 sixty days, 5per cent for three months.
per cent for four months and q per cent for
six months. The commercial paper market rates
we're quoted at 5l.G6 per cent for prime Endorsed
bills receivable. 6Qt per cent for four months
acceptance and choice four months single-name
paper, .NS per cent Tor gOOd SIX months single
name paper. and above for names not so we'll
known. Banks were not in the market for COM
mercial paper. and only small amount of bust
ness done. There considerable redis-
counting done for regular customers and for
correspondents in the South. In London money
on call AGR per cent. with discounts Of
sixty TO ninety day bank bills at ssQs4 of l per
cent In Paris the open market rate was is per
cent. and Berlin and Frankfort 2% per cent.
The Bank Of England's minimum rate of dis
count remained unchanged at per cent
The foreign exchange market was dull and
steady during the week. with indications
that there a demand for the withdrawal Of
foreign capital from this country. Doubtless
the bankers agreement 10 protect the Treasury
and the exchange market has treasured foreign
10 the financial situation here and II is
possible that the exchange syndicate Will not
be called upon to provide any large amount OF
exchange AS yet there has been no evidence
showing that the bankers have supplied the
market with bills, but 1t is likely that they have
been absorbing grain and cotton futures, al
though none has as yet been offered. Gold 10
the amount Of S111 600 was exported to Europe
IN the week, and small amount was Withdrawn
for Canada Posted rates OF the principal draw
ers Of foreign exchange closed at 81 SSQS4 SSl2
and "a S9QS4 S912 for long and short sterling
bills respectively; Paris. francs, 3l4ss for long
and 512i1 for short; Berlin. reichsmarks 95l2
FOR long and 96ik for short. Amsterdam. guild
ers 40A for long and 4O12 for short Rates for
actual business closed as follows:
Gables. Long bills. Snort bills