New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-11
,,ua, cash bal s27O $50 ESQ SECS s4s. 400 Dec. .5c
THE MONETARY SITUATION.

rnare was a good supply Of lendable funds in
..s market. but the demand continued easy and
thsre was no appreciable charge in rates
Money on call representing bankers balances
lent as low as per cent and as high as 3ta ana
1 per cent the bulk Of the business being done
n 2iS per cent. In time money there was a
Ilght increase In the inquiry for long periods
raies ruling at 3 per cent for thirty days and
three months, 3Q3i2 per cent for four months
and per cent for six months. with an occa-
,ona transaction for the last-Damed period az
81 per cent. Commercial paper was In good
dsnand for the best names. but the supply was
s ,Ie' fall was bought at 4G4M per cent. The
usual rates were 4l2G4&a per cent for sixty 10
ninety day Endorsed bills receivable. 41a4o14 per
cent for four months commission house ana
fut-class single names 5qJls per cent for
urine and 5is@6 per cent for good four to six
months single names. The foreign money
markets showed no important changes. The
Bank Of England's minimum rate OF discount re-
NAMED at 2 per cent. and discounts for long
md short bills were a4Q1s Of per cent In Lon
tn In Paris the open market rate was rs per
ent and in Berlin and Frankfort 1t advanced
p2%G2B per cent.
The foreign exchange market was steady and
Ill with moderate demand from merchants
.. bankers. Gold exports amounted to So
ES2. but OF this amount only Sl.oO00OO was
tN,imate exchange transaction, the rest going
atspecial order TO Germany. The rate of
ring exchange does not allow profit on
rrs TO London. and only very small profit
Triangular operations to Paris. There were
~ commercial bills in the market, drawings
lainst goii exoorts furnishing the chief sup
IL Posted rates were 81 SS124S4 50 and
AS9kQ$4 so for long and short sterling re-
rtctively. Closing rates fer actual business
Nre as follows:
,.rns .ssss,sss 4s4ss.s,ss,' ' +sssS!sss
Schsmarks 80. ssH e5 lille
Guilders WA 9'H
The bank exchanges Of the New-York Clearing
House and the stock sold at the New-York STOCK
Exchange last week and for the same week Of
May IL "a Nav II. 90. May o. 90
Exchanges .si64 ae7. o2s sGG $o1,521 $3.50 Gas rs
No shares sold s7Dl4O 2 4S2lU5 100 81;
THE WEEK IN WALL STREET.
Wall Street concerned itself little with the
stock market in the last week, allowing 1t TO drift
along under the erratic management Of parce
O. room traders The small speculative element
succeeded in forcing prices trifle lower, but II
produced no liquidation among investors or large
holders, and. despite the decided lack OF support
from London and commission houses, recessions
were dlficult to bring about and at the close OF
the week there was a general rally. The specu
h'ive mind was adversely affected by rather
heavy gold exports, and the political uncertain
ties at home and abroad, and these, coupled
With the unsettling effect of gold exports upon
fetign sentiment and crop uncertainties here
kept trading In check. the total transactions foi
Inc week amounting to only 'Z3ol3 shares
a&ainst 2.4S2 100 this week last year. II may %
remembered that at this period last year there
was a wei-distributed buying movement on the
Stock Exchange. both in stocks and bonds from
ncal ana foreign sources. but the range Oh
valuee at that time was not materially daiferen'
from the present range, as VIII be seen Dy the
following table, which compares closing prices
Yesterday with those Of year ago. or the
tnirty-one stocks given, ten are higher than TINS
Time last year.