New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-04


ticaIIy ceased with the end Of November; u 1880
they continued until the end Of the year, bat there
now is only little more ON the way here aud sup
The general prevailing prosperity was tine basis
for the opening of some gigantic speculative move
ment aud th ere is hardly article OF product t0at
of the year 1880. he fact that nearly all these
speculative movements in merchandise THAT IN
pork being a noted exception proved dis
astrOus TO the principal, persons engaged ~
them, and did not retard legitimate prosperity,
was q gratifying evidence OF the sOl1dity or
the foundation upon which the general business OF
the country was resting. Some sold as blgh rs W.
"a $40, and when the speculation collapsed reacted
to abOut $40. Since then the movement has been
healthier and the present price, while remnneratiVe
70 producers. is not hardship for the consumers.
The following gives the comparative prices tor four
years OF some OF the leading articles of merchandise:
Cotton h@G psr T S ig15 1879 1872 lss ss.o
Wheat per bush sl$gs 9S$ SaS Hi55
R:i G. 8: &c. $ !. " g. f. sag
ir Dry S per- t lSH $500 sl7Oo $500 $500
partial idea of the immense movements of the
year may be obtained from our usual weekly sum-
mary of the grain movement 81 the four principal
Atlantic ports and the Western lake por r. when y
below For three years the comparison 10 as fol
Iowa: Receipts o. grain ut the fonr Atlantic ports;
bushels; 1880, 2G3. 900 I44 bushels. Exports
of wheat AID cOrn from the four ports IN
1878: 1j7 491 $50 bushels; 1879. 19t. 954314
bushels 1880 lone week estmatedl O,2S0,OSl
bushels. The TWO Western ports. Chicago and Mil.
Yankee, received. IN 1889. 70,173,325 bushels OF
grain against 147, 503.SS5 bushels IN 1879 ana
l5OO93 1913 bushels IN 1878; and shipped IN 1850
100 1O1 G97 bushels, against 134 $50 759 bushels
in 1879 ana 1885 525 bushels in 1878.
The cIcarances of The associated banks OF the cry
of New-York for the year 1880 amounted TO
1886 4, 44S,223. against ~, rs, 64O'SZ9 IN
1879, an increase of $50 377 8O1 so, Will the pal
ances were increased only $l093j2,6O4. hav-
? N 80 in 1870 against
81 .449 S74093 IN 1879 The comparative -cOndl-
tOns OF the banks at the end OF each year 10 SHOWN
by the following table:
Loans s27G 7aS2oO s9s77se7Oo Inc. $zi,os6SO
27s55So YS76$slS IHs
ss9SS Dec bsS ' S3SS
The following shows the luton between the
total reserve and the tOsa! depl5lF liabilities;
s.s 1872 sss lss? Inc Gasgsss
ss 5 E555SSS 732SSS inc inc osoS
ss o" 5000 os g Inc Inc s9sssS
Al ths Stock Exchange the business throughout
the year was unprecedented boyh IN lts Character
and ia the amount OF transactions Iner9 was i
steady increase the investment demand Tor an
CLASSES Of good securities. Government bonds oil the
later issues were eagerly sought for 10 replace the
older Issues that were absorbed by the treasury
Dnrehasrs Next 10 Government bonds, the besf
Glasses OF railroad bonds were in demand. until they
1cled figures that return incomes not exceeding
Ia 1l2 per cent upon IN" lh'e-'ihciiS' Aho oet'Si
ciiSss OF stocks also were advanced 10 even hgher
pres than tie bonds commanded VI the lower
classes Of Gecurties including junior mortgages and
stocks that Onl, year or Two ago were consid-
er.d almost wOTthle s. speculation has taken re-
ma~Saby good care. Daring the whole wear DC vaTI-
ous movements were steadily progressive, With the
single exception OF the decline m the month OF May
Whil, specnlation has mad its full share cause
for many of h. advances which have occurred, 1t
i unileninbir that 1t las had for tuuOdati ION an
unprecedented demand from investors. In fact. II
lunacy may lie ascFIbCd to any OF the mOyements II
IL because Of IN Investment IA ner Than speenla-
tive craZ-. he yearly range OF prices presented
below which gives the highest anu lowest prices OF
ne year tore her with the date OF tie SAME and the
final urices December 3 $50 aud 1879 of Govern
mcnt bonds and Of a msjOutv of he active stocks,
serves 10 Illustrate tae character of the stock market
of 1850 For mos; OF the high-pri, 80, ks 1t VIII
b. ub,crved that the final ure> ale nearly the best
of the year. while there are only Il tow Of any KIND
that DO not show very large advances upont epnces
Of a year ago.
YEARLY RANGE OF PRICES