New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-06
ual cash bal s265 25o 1854 5s4 $50 Dec 1881 G.
THE MONETARY SITUATION.


The local money market was not appreciably
affected by the July interest and dividend dis
bursements. rates remaining practically I'M
changed from the preceding week. Money on call
representing bankers balances ruled at 1905
per cent. the higher figure, however, being an ex-
ception. The greater part Of the business was
done at 2121s per cent banks and trust COM
panies quoting per cent the minimum Inc
furry in stocks had only slight influence upon
the market. In time loans business was extreme
" dull Bankers do not look for higher rates un-
ill revival in business has taken place. regard
ing the actual movement of money from the in
terror there indications of falling off at this
centre in receipts: indeed the weekly statement
of bank averages showed a loss in cash holdings
the interior receipts being offset by goid exports
The net gain to the banks by the interior move
ment was 81 251 600 against gain In the pre-
ceding week of 81. 554 600. Rates for time money
were per cent for thirty 10 sixty DAYS, or per
cent for three and four months and per cent
for five to six months. with few TRANSACTIONS
for January maturity at 112 per cent lhere was
only a small amount of commercial paper on the
market and the demand was light, the big insti-
tutions being out of the market. Toward the close
Of the week there a slightly firmer tone IN
rates which closed at 400 per cent Tor prime
Endorsed bills receivable JWo1a per cent 1or -FOUR
months acceptance and choice four months SIN
sle-name paper JGS1a per cent for the best class
six months single-name paper, and above Tor
paper not we'll known. In London money on
cGll was ny per cent, and the rate OF discount
IN the open market for short and long bills was
e., per cent. The discount rate In FarlS was "a
ner cent and in Berlin 90 per cent. The Bank
OF England's minimum rate of discount renamed
unchanged at = per cent.
The foreign exchange market developed an
easy tome although nominal and actual rates
were without change. The encouraging feature
of the market was the offering OF bis against Sc
curjties in sufficient amount to prevent an IN
crease In rates which otherwise would nave nap
pened as the market was practically pare OF
other offerings. Just now the demand lot reinlt,
lance Is increased by the interest and dividend
payments due abroad for July disbursements
small amount Of gold was taken for export to
Germany, but the rates did not warrant exports.
good commission being paid Tor the HeHii
Posted rates of the principal drawers OF foreign
exchange were 81 IS and 81 50 for long and short
sterling respectively; Paris. francs. ol4S Tor
long and 5121k for short; Berlin reichsmarks
95ss for long and sc for short; Amsterdam guild
ers, 4O1l for long and 40a for short Rates for
actual business closed as follows:
ssS sis': IS e: isls
Reichsmarks e5.s 81 S-l69soo,t IoS,A
The bank exchanges Of the New-York Clear
ing House and the stock sold at the New ork
Stock Exchange last week and for the same
week Of the preceding two years compare as
follows:
z.->,.: 5S5
RAILROAD EARNINGS.
The Tribune has printed the gross earnings
Of sixty nine railroads or systems for the third
week in June. OF these forty-four return gains
turn losses Of s141.Oo3, or IS per cent. The
whole shows a gain of S290S74, or 40 per cent.
The Tribune has also printed the gross earn
ings Of eleven railroads systems for the fourth
week in June, Of which eight return gains OF
s241 or or $50 per cent. and three return losses
of $3.50 or "A per cent. The whole shows
gain Of S239693 or 1872 per cent.
Third week In June
II 9ss Il: ;i5 e:
Total 60 co.'s IS so214s tsis3 GO Inc. s2sos74 80
Fourth June ....-o ,an
companies .$l,3746s9 Sic H'l Inc. sz4v.S isv
companies. 99.243 l.St4 Dec. 800 -
rot,, =, co.. 81 173 $50 U7l8525 Inc $3.50 Goa 1872