The sun., 1912-07-12
MONEY IN NEW YORK.

The advance In the call money rate
yesterday was the one change of note in
the money markets. The prevailing rate
for most Of the days loans crossed the
3 per cent. mark. This ia higher than for
several months. Further hardening Is
looked for Other rates were practically
unchanged.
The weekly report Of the Bank OF Engla nd
showed stronger position. The total
reserve was increased C394 900 and the
proportion OF reserve to liabilities was
SO. 81 per cent. as compared with Il. 80 per
cent. last week and an advance from 5000
to 52,s per cent last year. Call money
on the floor OF the Stock Exchange yester-
day ruled at 81. per cent. for the bulk OF
the business. The highest was 81 per
cent. and the lowest 81 per cent The
closing was at 3's per cent
Rates remained steady In the time money
market. Demand was good There was
still some restriction in supply and there
fore light business. The rate quotations
were 81. per cent for sixty days. 3lim3'.
per cent for ninety days. 3s.n4 per cent
for four months. = per cent. for Ave months.
q. per cent for six months.
Commercial paper was well supplied
with purchases in fair amount. The rates
were f,d4'. per cent for best names !;
5d5,s per cent. for others.
The exchange sterling market was not
active. Quotations were firm, with cable
rates slightly better. Rates at the close
yesterday were Hs4l5di is475 for sixty
days. %s'3od+s74o for demandand 4s77OQ
<.s7s0 for cables. Francs were quoted at
5,i7ii less I-iea5I7i,; reichsmarks, e5 3-I8
plus i-84m 95i& plus i-6%.
Domestic exchange on New York: Boston
Par. Chicago-5c. discount. Charleston
Buying. par, selling. i-iOc. premium.
Cincinnati-i5c. premium. ST Louis-5c.
premium New Orleans-C ommercial, PC.
discount; banks. 81 premium. Minne-
apolis-4Oc. premium. Montreal-3ii.c.
discount. st. Pau!-3jc premium san
Francisco-30c. premium.
Money in London. and q. per cent
short bills. : 1919 per cent: three months.
? i5-i8d 2 per cent. Consols closed at IS ii-iS
for cash and rs 1919 for account. The
minimum weekly discount rate OF the Bank
OF england remains unchanged at per cent
The weekly statement OF the Bank Of Eng
land shows the following changes: Total
reserve increased f3a4. 900. circulation
decreased c40' 900. bullion decreased
Ga. 600. other securities decreased Gll.-
~? 600. other deposits decreased ~, ,O33, 900,
public deposits decreased AZ. .<s%, 600, Gov
ernment securities unchanged
Tho proportion Of the banks reserve to
liabilities Is HOW b-3 per cent, against
~. 30 per cent, last week. and compares
with an advance from so 20 per cent. to So i.
per cent. in this week last year.
The clearings through the London banks
for the week were E?03.?<O 900, against
f3ss. 500. 600 last week and C?8c ,es4. 900 in
this week last year.
Paris cables quoted closing price of
rentes at 02 francs 42'! centimes. Ex-
change on London. 2j francs - centimes.
Private rate OF discount. 20 per cent. The
weekly statement of the Bank OF France
shows the following changes; Gold on hand
increased i3.77j.OO0 francs. silver on hand
decreased s.55O.O0O francs. notes in cir
culation decreased i85. .675. 900 francs. gem
eral deposits increased $500, ,OOo francs.
bills discounted decreased 34a ,t,U. 100 rancs
treasury deposits increased 70. .4UU OOu
francs. advances increased 8,:7s, 900 francs
Berlin exchange ON London. ~ marks
- pfcnnigs. Private rate of discount,
New .ork Clearing House statement;
Exchanges. 1881. $50. 10: balances SIS
?l0.5+3. subj reasury credit balance.
SJ50. $40
commercial price OF bar silver in New
York. Gu'.c. Silver in London, 81 is-iSd
Mexican silver dollars were 0uotedSat Isc.