New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-13
Aetna, cash bal 1872 7Oio62 s27l1o17s6 Dec slo'ssO
THE MONETARY SITUATION.

THE MONETARY SITUATION.
Tho local money markets were quiet, with
.nnnlv Of funds in the cali and time loan branch
=, the market greater than the demand Inc
ossdns of foreign money here was In liberal
o,couuts for short periods. but the demand was
rot heavy enough TO absorb 1t ell. While the
.,mnetition from home lenders. who were wiling
IA lend at the same rate-generally per cent
nrevented considerable foreign money from be-
inc placed Money on call lent at and per
c.nt with the greater part Of the business at
from 4 10 81 per cent Banks and trust COM
NAMES quoted 9la per cent their minimum Time
money was quoted at per cent for thirty TO
ninety DAYS Az per cent for four TO I'VE months
and ihG5 per cent for six months ana longer
periods, There was an Improvement In the CON-
,nerc,al ma per business as far as the demand was
concerned but there was no pressure OF oHer,
irgs Of frst-class names. The inquiry LOT eoou
paper showed Improvement, and customers OF
banks who required accommodation founo no
d;ficulty In obtaining II. For the best names the
prevailing rate was per cent. with a few trans
actions at 5h per cent and hlgher rates LOT
names not quite so we'll known. In England the
Bank Of England made no change in its mini
mum rate of discount. which remafred at per
cent. Discounts Of sixty to ninety-day bank
bills IN London ruled at s-1S Of per cent. the
open market rate IN Paris was ~ per cent, ana
In Berlin and Frankfort 2h per cent. The BANK
Of ENGLAND lost In the week f1S4,539 bullion ana
held at the close f46,S7S.l56
The foreign exchange market ruled firm until
Friday when the absence Of any demand from
remitters caused a telling OF In rates OF about
Y per cent. The present rates for sterling ex-
change do not permit OF pront IN exporting
gold and the fact that 30 much foreign money
q landing in this market will probably keep
gold exports down to a minimum. for time. at
least The amount sent out last week wac 81
10000 for Germany on a special transaction.
There is a great scarcity Of commercial bills in
The market
Posted rates closed TIE week at 81 sSkGA SO
ard ~ s9lh@A 30 for long and short sterling re-
spectively. Closing rates for actual business
were as follows
Sterling .......-ssssssx 1ssa.ss. 4Sssat s.
Rechsmarls 49, s6H e5s
Glldsrs .......... %oH 4Oa
The bank exchanges Of the NewYork Clearing
House and the stock sold IT the New-York Stock
Exchange last week AMI for the same week Of
the preceding two years compare as follows:
Exchanges isF a 1si s 81 e 1S: g
n, shares sold OPS $50 GG9,6:9 752 77G
RAILROAD EARNINGS.
The Tribune has printed the gross earnings Of
dxty-one railroads or systems for the fourth
week In March OF these. thirty-eight return
gains Of $503 535 or liz per cent and twenty
three return losses Of $247, S64. or 9.3 per cent
me whole shows gain Of &255,67l. or 36 per
CENT The Tribune has also printed the gross
earnings Of twenty-nine railroads or systems
ior the first week in April. Of which nineteen re-
vu.n sains Of sle5.s11. or 81 per cent. and ten
sesuin losses Of 1921 or 36 per cent. The
"noe shows gain Of slS6.oSS. or 81 per cent.
1'o''n week In March
N -. 1895 is08 Differences Pc.
copsnes - 400 7f3 - 964 27S Inc. $5n3 .535 IL
"'panies.... 26J2 100 404 $50 Dec. 247. S64 90
5 Ts,sI o. co. sIl2sas ,7aesSe4 Inc. ,2sS.o7i 80
~ sSmpsnles oas.o7e s22r4ss7 Inc. sie,.sll 81
~~'npsnies..... $40 SS2 $50 $40 Dec. 9723 SO
Total % eo's..s2 sessis 81 oo4 7Os Inc S1ae 0ss Oh