New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-31
BUSINESS 4yD the RECENT STORIE

BUSINESS AHD THE RECENT STORNN.
While general trade il still large for the sea-
son, the interruption caused by the recent
storms, the breaking OF Geographic connections
and the delay of trains has bad considerable
effect upon the volume OF business. The rail
road earnings for the third week in Jdnu.lry
show this. for eight ont of twcuty-thr'c roads
rputcd show a decrease in comparison with
the corresponding week last year, and more
tLan hif of those remaining owe their in
c1,.~c Of earnings to IN increase of mileage
in operation. The aggregate Tor the twenty
three road-, Of which earnings for the tlird
week OF January were reported ~ to last
night. WAS %l.NO~.O3 in 1851. AGAINST
s 81 80 IN 1850, a gam OF 81 per cent.
But the Increase on the Denver and Rio
Grrdc, North Pacific, ST. Paul and Sioux City,
and -. Paul and N.IHoba, which nave added
over POO miles each since last year, tac
Louisville and Nashville, which has added
over 700, and the II. Paul, which has added
over l.3OO, and the Peoria, Decatur and
Evansville, which has more than doubled its
mileage, was $4,000, or greater than the
increase on all the roads, that all the rest.
notwithstanding som" increase of mileage,
show a decrease in aggregate earnings Il Il
wdl To notice That th> decrease apprats 10
br due Ia temporary iutcIrup .on OF business,
rather than 10 any general change of 4
character likely to be pertinent. I'm like
manner, the exchanges al NrW-YorG fell
from $1,22 L9lN,I>! to 500. Ij9.I73 last
week, and the remaining exchanges
AFTER deduction for sales of stock
fell from about $500, 600, geo to 500, 900. 900.
But the only wonder, 20 any one who has seen
the condition of The streets of this city, and
observed the delays III delivering goods, is
that the volume of business has not declined
still more. Speculative activity at the Stock
Exchange diminished to some extent, only
2,9Ij.OOO shares having been sod last week
against 3,2SS 900 shares during the previous
week, and there WAS Il marked change in tine
direction Of speculative feeling, from the Older
hIelI-priccd stocks to others the condition of
which has been or is expected to be materially
changed 10y new arrangements.
The money market moved without friction
during the past week. The returns of the
banks and the Treasury show large increase
in the store of money at this centre, nOtwith-
the aril, Of specie from abroad
added only $l2I,7Ij The banks gained
1892 300 in lrgal-tcndcrs. and $672, 300 in
their whole reserve, in spite Of some loss to
the Treasury, which reported balances larger
on Saturday by $2,33j,174 gold, and
SCI, 800 carrCncy, than on the Saturday pre-
ceding. These facts show that the return of
money from the interior during tho week was
quite large, and it does not now seem
probable that this process of reinforce
mcnt will he interrupted for some
weeks to come. While all the great
banks Of Europe are gaining in reserve, the
Bank of England having gained e., 03j. 900,
the Bank of France $500. 600, aud the Bank
of Germany 50, 100. 900 at the latest returns,
this increase has been by Withdrawals of
money from the circulation through processes
rls, Omdry at this season. The rate Of e&-
change has advanced little during the past
week, and IL is not generally expected that |
large imports oi specie will be needed or
realized Tor som" months to come.
Exports of cotton from all the ports up to |
Friday nil,ht continue to exceed those of last |
wear to the same date, amounting to 1872, 1913 |
bales for four weeks OF january against |
3G3,35G bales last year, the price being about !
one cent per pound lower than it was one |
year ago. Print cloths are also about one |
cent lower, the decline having been relatively !
more than twice as great in the manufactured |
product ~ in the raw material. Other exports !
Ire reported for three weeks of january, and |
show Il general advance in quantities, with, in |
most cases, decline III prices. Bul provisions |
mi petroleum must be- excepted. In petroleum |
here has been an advance of 40 per cent IN |
price. and the exports have been only |
l999O,220 gallons, against 33.i47,17O gal |
onS to the corresponding date LAST year. |
piiccs of pork and lard have advanced also, but |
Inc exports continue decidedly larger than those |
# last year; IN pork the increase Tor the three |
weeks has been % per cent, in lard over 80 |
per cent, and i'll bacon almost 50 per cent. |
Exports OF beef and tallow ere smaller this |
year than last Cheese, with lower range of |
prices, shows an increase of over 40 per cent. |
The price OF wheat is about % cents per /