New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-26

yort since January for three years, the exports
hang given to January 20 and the imports to
Jannary 2I. appears as follows:
1878 .............. sll,575,7ll sl6.$$2.e$l
,o'eet.SSoy99 o. % ni5 "a
Although the figures for the exports of 1880 are
ohont 50 600, 900 III excess of the figures for 1879
tbev show much smaller movement of bulk than
40 the figures of 1879 because of the much higher
xolues now than then. Some allowance also
sbould be made for higher values when comparing
the figures representing the imports; 5ur yet
an excess this year of $12,6OO,OOO or
moro than 100 per cent over the imports
of 1879 shows a much larger movement of
hulk. A continuance for series of weeks of
such an excess of imports over exports will have
marked effect upon the foreign exchanges which as
We, remain dull, but lately have shown a hardening
tendency.
The speculations in produce and grain were I'M
settled and finished with decline in prices all
around. Wheat has suffered heavy fall from the
eytreme prices, which has proved disastrous to
some OF the minor "bull' spectators. But there
is no evidence that the large holders have
sold or contemplate selling at present. 1t
seems as if there had been miscalcuaton ms to
the requirements of Europe, because until yesterday
the Liverpool market for wheat followed very closely
the decline in our own market. Mondays quotations
from Liverpool will be looked for with unusual IN
terest TO learn if that market responds to the heavy
decline which occurred here Saturday. The general
legitimate trade of the country, excepting of ex-
ports has moved along satisfactorily and without
an unhealthy excitement. The market for iron,
however continues to be somewhat subjected TO
speculative influences. but this is based upon
reasonable expectation of an unusually large con-
sumption during the whole year. The coal produc-
ers continue to overstock the market. the output
this year to January II exceeding that of any pre-
ceding year The total production for the two ana
one-half weeks of this year was S3S,699 TONS
against 65O,S73 in 1879. Last year the market
was bare of coal, neither producers nor consumers
having any stocks on hand. This year the com
panies are stocked the extent Of storage in cars
and the consumers, both manufacturing and domes-
tic, are carrying over large quantities.
The announcement on Monday that the Central
md Hudson syndicate would receive bids at not
under 131 for the whole or any portion of the
$50 OQQ shares of stock which it purchased OF Mr..
Vanderbilt last November was a surprise in iioan-
caI circles. Bnt the event proved the correctness
OF our ass rton made at the time OF the purchase,
that the transaction differed only IN magnitude
from any ordinary stock transaction. In this case
the seller was satisfied with the profit realized.
while the purchasers believed i'll future
profit which expectation seems 70 have
beep realized to the extent Of selling 100000 shares
at a profit of from / / to Is per cent syndicate
purchase of 10000 shares of Central Paclhe stock
with an option for $4,000 shares more, which was
pubshcd exclusively IN " edneSdays TRIBUNE, was
another financial operation when VIII heip 10
make last week notable as one OF gigantc
schemes. Another large operation. and one tnat 10
the ordinary observer does not now appear as rose
colored as do the others mentioned. was the purchase
by the Louisville and Nashville Railroad tompahy
of majority OF tie stock Of the Nashville, Chat
tanooga and st. Louis Railroad at hsures which
seem fabulous
whose Importance affecting the business OF other
railroad companies II is yet too early 70 estimate
was the consolidation of the Union Pacific. Denver
Pacific and Kansas Pacific Railroads into one com
pany. This much, however. may be SAID of 1T: 1t
virtually, with the alliance OF the wabash system
removes the eastern terminus of the Union Paclhc
from the Missouri River to L ledo on Lake Ere Inc
Kansas Pacific via, the Denver Paelhc CON
meets with the Union Pacihc az Cheyenne,
and with the Wabash, st. Louis and Pacitc at Nan
sas CITY. The Wabash. St. Louis and Pacitcs
new branch also makes direct connection with the
Union Pacific at Omaha The management of the
new Union Pacific Company being almost identlcaI
with that of the Wabash, ST. Louis and PaelEc
Company there is practically one consolidated line
of railroad extending from Lake Erie to Ogden, the
eastern terminus of the Genital Paclhc, WIN an III
pumera0le number of branches. mat such com
bination must exert powerful contr9 on Tue tIaI-
&c between the Atlantic ard Paelhc coast
will be admitted. Let us hope that the public
as well as the projectors OF so gigantic scheme;
NAV reap some of the benefits of more economical
working Of the whole system winch Is made possible
BIZ combination OF so many interests
has ruled generally at about sac per cent, any
rates either below or above those named Delng so
exceptionally rare as to be unworthy OF quotation
The domestic exchanges ruled steadily IN favor OF
New-York except at Southern points, where the
rates were so near par as to favor movement OF
currency in neither direction. Yet me re-
GENTS of money at New-York were not sui
ficient to overcome the accumulation DY the sup
Treasury W hich amounted to $2,51O, 633 Tor the
week and Yesterdays bank statement SHOWS loss
TO the total reserves Of S497, 100. The hgures OF
the statement however, indicate that there was re-
ceiyed about 81 200 900 National bank notes which
had NOT been turned into legal money at the WASH
ipgton Redemption Bureau BY reason OF an In
crease OF 3,077 700 in the loans, and consequent
increase in the deposits the surplus reserve was re-
duoed 81 $4,000.
The following are the comparative totals OF the
statements of January II aud January "a:
Loans 49, .s27G, 99O 200 sos .056,G00 Inc $@glL7O0
Specie b3,555. 500 51s32,2Ol Dec. l,?2B4OO
LsraiendeFs..- l5gl4200 1L153 30 Inc izzzyS0 0V
CirSc9 l - 2i,eS5,95O 2i.G62,9OO Inc 1900
The following shows the relation between the
total reserve and the total deposit liabilities:
si1 ~ 600 1aS p Zoo Dec s Casssss
Legs.tenders. l59i4,2Oo I7l435oO inc. l22e,300
Total reserve... s09472sOO sGs9757OO Dec s4o7.lOO
Reserve re0'red
against dopsi5 oo7o@0'0 oi'''"'o-'
Surplus ofres'rvc
ayirsmenis sGO39s25 s4.GO4.775 Dec $l.4S5.o5o
Compared with that OF the corresponding date
of 1879 the present statement shows: Loans
Increased $40 652, 406 specie increased,
S34 400 500; lega-tenders decreased $50 400, lOo;