New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-20
. cash bal 1862 80 ss7 sc0l GlsS93 Dec 81 ,c92 40
THE MONETARY SITUATION.

The local money markets were not materially
affected by the furry in stocks. call loans repre-
senting bankers balances, ruling at 1905 per
cont the average for the week being "a per cent.
Tho shifting of loans on Wednesday incident to
the fall in stocks caused a slight advance in
rates but the highest point reached was only 3
ner cent and there was difficulty experienced
hv borrowers in getting all the required accom-
mediation from banks and truss companies
which quoted pa per cent the minimum. Inc
demand for time money was light, and the dls-
position was not to make contracts except on
fine collateral. The inquiry was chiefly for long
periods Time money rates We're 3ls per cent
FOR thirty to sixty days per cent for three
months 4LM5 per cent for four months. and
5IaG6 per cent for six months. The commercial
paper market rates were quoted at . per cent
for prime Endorsed bills receivable. Du" per cent
for four months acceptance and cholce Tour
months single-name paper. 3Gt per cent Tor the
best class six months single-name paper ana
above for paper not SO we'll known The inquiry
for commercial paper was somewhat better but
there were only few banks in the market AZ
London call money was A@H per cent; while
discounts Of sixty to ninety day pank Dllls WeIe
0-16NS per cent. In Paris the open market
rate was 1902 per cent. and in Berlin and
Frankfort 2i4 d2H per cent
The foreign exchange market was strong
throughout the week. influenced to consider,
able extent by frmer tone Of American gold
in by the hrns on Of securities
and fewer bills and better demand. fostcu
and actual rates were advanced. ana conslder-
able gold went out, but at the close there was an
easier tone and the indications did not point
toward heavy exports this week Posted rates
of the principal drawers Of foreign exchange
we're 81 SSMS4 $50 and 81 SoTS4 S''12 Tor long
and short sterling respectively; Paris, francs
514% for long and 51c1s for short; Berlin
reichsrrarks 95ss for long and !G for short Am
sterdam, guilders. 40A for long and 4o's f0r
hort Rates for actual business closed as foi-
lows s,,,. ran,ord
s..,,,- caSls s sasnsl ss 4s7..alss ssstG4.sa
s.s 1,spc' ., ,slS7as. ''' less G5 Il iiiGs
FeiGnsrnafH7 ''' " 4o5Is 40 GIG 40A
The bank exchanges Of the New-York Clear
ing House and the stock sold at the New-IorK
stock Exchange last week and for the same
veek of the preceding two years compare as
follows
r,.,.s, s.jS 74o 4s3 s5i2 so4. ~ sjjs. 4es al
~ shares sold 7577sS l.i239oi 1.5747ol
RAILROAD EARNINGS.
The Tribune has printed the gross earnings OF
sixtv.one railroads or systems for the first week
in July OF these forty-tve return gains Of
S5G4 iS3 or "a per cent. and sixteen return
losses Of $4S.974. or 3S per cent. The whole
shows a gain Of S515.Gp9 or "a per cent.
The Tribune has also printed the gross earnings
NJ twerty-four railroads or systems for the sec
ond week in July. of which sixteen return gains
OF Soi1 I67. or ll9 per cent. and eight return
losses of Sal 40. IS per cent The whole
shows a gain OF 5000 1l2. or % per cent.
First week in JUL, .o ls@'- 1900 pne-enoos PC.
g conf ani-s.... ! 50 125l.9o1 Dec 4s974 80
r,,al 81 co.'s - 4ai.sio sGcooe2s Inc. s5i5eo9 "a
e sc com6an week es N oiae,s Inc sa5e ie
: mani