New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-09
Actual cash bal $685. 500 4O7 s26lol5 Dec s. sos s3
THE MONETARY SITUATION


There was no important change In the local
money markets Money on call. representing
bankers balances. ruled at 311G4 per cent. the
greater part Of the business being done at the
lower figure which was the minimum rate for
banks and trust companies. Time money was
freely offered at 3 per cent for thirty to sixty
DAYS 31s per cent for ninety days to four months.
and 4G4h per cent for longer periods on good
Stock Exchange collateral There a mod
crate rediscounting done for Southern and East
ern account. Commercial paper rates were quot
ed at 51aQs per cent for high-grade paper and
above for that not 50 we'll known. for all periods.
Early in the week sixty to ninety day Endorsed
bills receivable were quoted at AZ per cent. The
demand at the close OF the week was better. and
there were more offerings. In London the Bank
Of England continued its minimum rate OF dis
count at 2 per cent while discounts Of sixty TO
ninety day bank bills ruled at NOS per cent.
In Paris the open market rate was l&4 per cent.
and in Berlin and Frankfort per cent. 1t was
reported in Paris during the week that the
French Government was backing the offer OF
French syndicate for loan 10 China of $4,000
00o The Bank Of England lost In the week
fl5S,s64 bullion, and held at the close t4S.95l.lls.
Foreign exchange was dull and firm. although
al the close an easier tendency was noticed. A
moderate amount of maturing loan bills was re-
ceved, but the supply OF all kinds of bills was
small and only the absence Of a good demand
prevented advancing rates The recent foreign
buying OF stocks has produced no increase In the
supply Of security bills on account Of the purely
professional nature Of the buying. and CONNER
cial bills very scarce. The unfavorable con-
dtions OF foreign trade induced by the present
tariff law and the lack of good foreign invest
ment buying In the security markets will prob
ably result In gold shipments before long. but
the strength OF the Treasury's gold balance is
sufficient to meet such exports without causing
any alarm. The posted rates for sterling closed
al 4s7164 SO and SO for long and short bills re-
speciively Actual rates were as follows:
s.ssx hsDs sl: s shss s.ls'
Reehsmarks ..... es,. eSs
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 the
preceding two years compare as follows
March 10 "a. March 8. 'g5 March Z. 96
E.cas.s: s'o;Sssss s0'i 1879 s
RAILROAD EARNINGS.
The Tribune hag printed the gross earnings OF
seventy railroads or systems for the third week
In February. OF these fifty return gains OF s4S4,-
6Os or III per cent, and twenty return losses Of
sl47.433. or e.S per cent. The whole shows q gain
Of $3l7176. or 6.1 per cent. The Tribune has also
printed the gross earnings OF fifty-two railroads
or systems for the fourth week in February, OF
which fortysix return gains OF 81 IN, or 1876
per cent and six return losses OF s24ol1. or 95 per
cent. The whole shows gain OF slOo4'254' or 49,
per cent
Third week in February
80 companies. . 1ssS .ss e Dn'';s
20 companies. 10000 1.22a.ai7 Dec l47.4as os
Total 70 co ss5547se s. se4.7O4 Inc. sSl7l76 G1
Fourth IN February
:: somp:n,s 5ss ss o2s5i1 g.
Total 50 Co s55oI s22 $685. $40 Inc 81 ooa254 1872
"Dun's Review" makes the following classical
ton Of 252 road, reporting for January and
February. showing the percentage OF increase
and decrease over the same time in 1895 and 1893: