New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-05
without Important price changes The prIncip0

!, to 16l..
Money on call was ll.aiM per cent Time
money was per cent for sixty Gays. 2is per cent
for three months, 2hh3 per cent for four months.
and 3 per cent for six months. Commercial! pa.
per was 3@i per cent for the best names ior all
periods. and above for names not so well known.
The foreign exchange market was firm anu
quiet. Long sterling was affected to small eE-
tent by lower discount rates IN London Posted
rates for sterling closed at 81 81 and ~ ~ Tor
long and short bills respectively. Rates for
actual business closed as follows:
Sterling .s4 fssf: ..s ESPf D'? sS;;
Reichsnarks 80. 90. D, ga.
Domestic exchange was as follows at the places
named. New-Orleans-Comme Zoe DIS
count; bank, 81 premium 81. Louis-2oc; dis
count bid. offered par. San Franeisco-Sight:
10c.: telegraph. Zoe. Sayannah-Buying. lilo
Per cent off. selling at par. Charleston-Buy-
ing, par; selling, - per cent premium Cincin-
nati-4Oc. discount. Chicago-c}c. discount.
Boston-Jc. discount.
Bank clearings in this city were; exchanges
sg4 O1J So: balances 81 i2S!jS Baltimore
Exchanges, S2.452.013, balances. S3l4 l~? Phil
adelphia-Exchanges. s?.s51c6!: balances. 81
ances. sl.190i5e. Chicago-Exchanges' Sl3'-
744.9lG: balances. $1.1s4.70i.
The commercial price Of bar silver was 6ic.
Mexican silver dollars, I0l.@1lls- In London
bar silver was unchanged at 2Jtsd.
Money on call In London was IA per cent
open market discounts. IL, per cent FOR short
money and Ill. for the account Paris ex-
change on London. - francs 1Il.M1Si: centimes.
French rentes. 102 francs 40 centimes. Discount
rate in Paris. II, per cent. Discount rate in Ber-
lin. 2%s per cert.
The weekly statement OF the Bank OF England.
published to-day. showed a decrease OF foloooo
in the total reserve. and ar increase OF TOTO IN
bullion. The proportion Of the banks reserve 70
liability which last week was o2.4l per cent. is
now - % per cent. The banks minimum rate
OF discount remained at per cent.
on account Of the Inaugnratlon. no Treasury
statement was issued at Washington to-day.
sub Treasury receipts for oo the e.,o day we're
$4,000 93. and payments. 50 sS2 10Y. resulting
in a general balance OF S1!6.3i4 o3l. consisting
Of S1a22 JJO60l coin and 500, 'c3,93o currency.
The Sub-Treasury had a debit balance at the
Clearing House Of S11o,C09. and it's net gain on
balance was Sl521S2i. made up by a gain IN
coin Of 400. and gain In currency OF
S1121,4 24.
The Philadelphia and Reading Railway Com
rany gives notice that il has made an arrange
Inent with DreXel * CO. to extend the Improve
ment Mortgage bonds issued by the Philadel-
phia and Reading Railroad Company maturing
october next for period OF hftY years from
April ! next with interest at The rate OF per
cent per annum. both interest and principal
rayable in gold without deduction for any taxes
imposed by the United States or the state OF
PENNSYLVANIA the lien Of the mortgage row Sc
curing the bonds TO continue unimraired ana
the Reading Company. which owns the capita.
stock of the Philadelphia and Reading halfway
Company. also to become responsible for the pay
ment OF principal ara interest OF the poiius' iio
ers who wish To extend may deposit them with
J. T. Morgan e CO.. New-York; Drexel q Co.
Philadelphia. or J. s. Morgan & Co, London.
The coupon Of April ! next. unless previously
collected. will be cashed al time Of deposit. and
deIOsitOrs will receive besides SO on each AlouO
bond being the difference between interest at
the rate Of q per cent and per cent for the
period from April / to october | next j. T.
Morgan & CO.. Drexcl & Co. and J. :. Morgan x
CO. announce that they are now ready To re-
ceive AT their respective offices the Philadelphia
and Reading Railroad Company Improvement
bonds for extension and to make the cash pay
Irent as indicated. They also announce that they
are prepared to buy AT par and interest al the
rate of Is per cent to October | next any or the
bonds the holders Of which may prefer to sell
ther than a extend.