The sun., 1912-07-07
MONEY IN NEW YORK.
and CaIl Money slightly Firm~r
--ENch ha nRe SterlinG SNrOmR.

| The bank statement showed u deficit of
G.%i3. zoo in aggregate cash reserve in the
actual report. making n decrease in surplus
reserve of Si7. .05o.O0 This compared With
decrease in the average in cash reserve Of
! sla.'NS.2j0 There was n heavy expansion
in loans OF sli .3l7 OU. The cash decrease
was So Isl .WO. almost twice as great rs
tha, -! last week The moor showing made
| was. a. on last week. expected. from the
| heavy transfer Of money due to the dividend
and interest payments and settlements
Of the half year on July 1. The decreases
were greater than preliminary estimates
had looked for. \s on last week this con-
diiion of the banks is recognized as a TEN.
porarv one.
can money on the floor of the stock tx
| change has ruled steady during the week,
prevailing At -. per cent and ranging from
.. 10 per cent The prevailing bMsine-s
mas been Al -. per cent. The latter part
oi the week saw tendency TO frmer figures,
with more Transactions at the higher rates
Of -. ana = per cent.
The time money market was dun in the
hrst part OF the week The close Of the week,
however. WAS marked by increased business
and greater demand. The market took on
= broader appearance. Rates were not
materially changed. Money for the longer
naturities. however. was somewhat more
closely held. The rate quotations were IA
r.. per cent. for sixty days. 3i.M3,, per
cent. for ninety days. -. per cent for four
months, y. per cent. for fve months. 4
per cent for six months and <d&i. per
cent. for over the year.
The commercial paper market was not
active during the week. An increasing
demand for accommodation was noticeable
and WIS taken as marking an appreciahle
increase in business sentiment. BUYERS
we're we'll occupied with their own private
customers demands. Rates we're %at', per
cent for hest names a. for others
The sterling exchange market showed
decidedly hrmer tone during the week.
The volume OF business was good. There
were predictions Of higher rates at the
weeks close. Rates at the close yesterday
were t.s<5On 4sts5 for sixty days, ta73.in
$3.50 for demand and <s7s5a 4.s775 for
cables. Frances were quoted at 5i7E lesa
-3am5.I7l. plus i-32, reichsma rks, s5,.
lcss i-3o" a5'. plus I-O.
Domestic exchange oil New York Bos-
on-Par Chicago 5c. discount Charles
ton Buying. par. selling. l-iOc. premium,
cincinnati <oc. premium. st Louis &c
discount New Orleans CONNIE erciaI. csc.
discount, banks. q premium. Minneapolis
JOc. premium. Montreal SHE. discount.
~. Paui-sOc. premium, San Francisco I5c
premium.
Money in London. -. and {? per cent.
short bills. "a. per cent. three months.
:'.m? 1915 per cent. COnsls closed at 75 ii-ie
for cash and Is 1919 for account
Paris cables quoted closing prices Of
rentes at q: francs 37ba centimes. Exchange
Oh London. 25 francs :a1. centimes. Private
rate OF discount. ~ per cent
Berlin exchange on London, 20 marks a
pigs. Private rate OF discount, 3, per cent
New York Clenring House statement:
Exchanges. $3.50. .;7e ::i; BALANCES scO, ,ssI .5i3;
Sub-Treasury credit balance. q use, 100
Commercial price of bar silver in New
York. sic. Silver in London. - i-lsd
Mexican silver dollars we're quoted u,
asa &c.