New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-27

TrpaGurV9 TN.
si2, 7s9554, $13, s9O.175 and $l2,709 6oT ano
demand claims against the Department on NoVeni,-
Der l. 1882 including called bonds NOT inat Iatoa'
greater than on stea Sr un Of November
1882, with December l.. 1881, are o
cline of $24G0oOOQ in the o SoU ntreO Oc and
an increase in the ownership of silver OF all knus oa
500 100 900. In of the foregoing 1acts ~ "as
not entertaining noi creditable Sgn' the Sub-
the rash of bank officers last FRIDAY 10 tu1 nuD
Treasury to induce the Assistant Treas
atsr 70 telsgTaph to Was9ingtSf8 t th9s
steps to "relieve the situation" Practically 1t
was a confession on the part Of the bank Officers
were such solictous b@ggaIs NJ t.e eP far
ment Glib that an exp rience of twenty-five 10 iof
ty years had been unhceded and that situt'ui9h
Which is less aggravated than it has been at TINS
season before for years lad taken them by sur
prise. Or did they calculate upon an unusual de-
gree of Ignorance at the treasury Department. "V
Washington - III
steadily against this city. The foreign exchange
were demoralized By he difficulty IN negotiatiug
mercantile paper and we're weak all he way; D u1
that does not indicate an importaticno OF & Ia III ~
si1ty-day bills on London we're sold low as 1919
per cent discount Told style or - 3O2 to the l. DuI
no gold was imported during hat CRISIS. / NJ I1I-
em indeb edncss large that II IS reasonable 10
suppose that if stringent money should reduce ll9
rates below the usual gold Importing point al
the European banks would meet IN SITUATION ny
prompt advance on the rates Tor money uhtll inc
movement was stOpped.
Last week developed nothing new or encour-
aging in the commercial situation. Notwltnslahd-
ng the SlaShiug Of rates by the IA iwaVs west anu
uorhwest of Chicago. the receipts OF gram al Cni-
cagO and Milwaukee show no appreclaOle increase
over the receipts of the preceding week
and maze uHiayorabe comparisons WIN Ih"se
for tn same week of preceding years eXcep OF las,
year; the same is true of the movement eastward
| from those polls. At Chicago wheat mas ruled i2W
cents higher for he options; corn shade lower,
aud PROVISIONS are considerably lower IMAM week
ago The British markets have ruled ABOUT
steady for wheat, higher Tor corn ana
provisions there have declined moro than lhey nave
with u.s. These a not indifal!o"S 0l any ieIe"of
in the exp rts of our products Ihe imports Oh
wheat int Great Britain from September 10 NO
yemhcr II Tins year have been llll0Vf0 cW'p
against 1881 ,JS9 cwt. III 1851; I3obo1oo cW''
in 1850 ana lJ,GJ0,S47 cwt. IN 1872 ana inc
amounts OF wheat aud liOur Including HOMEGROWN
wheat Tor the respective periO IS were ZSb3 Oh
cwl. thisyear; 23,92o,9i6 IN 1881 -3,35z;-
SIG cwi, III lNoU, AID 23036,31O cwt, III 1870
he current pieces per quarter OF wheat were lis:
3D., IL loo2; 49s. I'd 1851 4is; Sd IN lSoo, ana
As IOd. IN 1879. Bnrng the week there col
lapse II The recent OIL speculauon ana prices lel 80
rapidly as To Indicate panic. Ihe cotton move
mcht, however, continues lIrg-. The south
ern States ale setting an eXamlle which
II wou.d profit the Western states to follow: ineJ
marketing their cotton crop rs fast ~ possible
although IT lower prices than those OF year ago
The receipts last week w~re 242 1G3 bales, against
~. 2f6 bales for the week OF 1881 and since sep
tcmbcr 1, tns year. the receipts have been 2,lo7-
30 bales, against 2,l23O4l bales Tor the same
p,;Iod oil ast year. The exports OF las week were
1882 bales, against lS7,S0O palcs Tor the week
OF 1871, ana since sept -mber | have heen
I,lSO,l0O bales TINS year, against 3I-jOoO
bales lat year Concerning the iron aud
coal trade, which despite some special reasoning
upon the subject are intimately connected. there
have been many conflicting rumOTs; but the TACT
TO he that over production has produced It's
legitimate effects and That, as IN SO and 1876 the
iron trade suffers FIRST. Both trades are unsettled and
except 1T extreme low prices business Is OF manu-
! to mouth character.
| The stock Exchange markets were depressed all
the week. One Of lhe special causes which lninedl-
ately.aected the situation was the Western railroad
/ rdT
development of IA cause. and tho inevitable result
of a vast amount OF overbuildng of railroads winch
| nas been in progress during the last three or four
! years. What Is true IN the parts OF the country
which are grdr0ned" by the lines Of the Rock
| Island, the Northwestern the st. Paul and The
Omaha railroads iseqnaliy true OF many other parts
! OF the country. There has been no more profitable
business than the building OF new or extended rail-
roads at "a cost or from $1,000 to S20,OOU per mlic
and the building OF them at HlJ 900 to PlOOOo per
mile. TO say nothing of the stocks which were issued
TO the projectors. but which represented nothing
except "a marketable or salaDle equity IN property
mortgaged for 30 or - per cent more than It's cost
Such progress Is an unquestlonable Deneht TO the
plrls OF country in which the Outlay Is made; 1t
will cheaper transportation despite "I .arGnlent,
because the capacity 10 carry Is greater than tue
demand; but whether such properties are desirable
TO hold nS an investment - another question anu
needs To he viewed from point OF view apart from
that which the only general benefit that the en-
| tgrprlse c0niers upon whole community The
! Western RAILROAD war may ne patched up aS many
others Inch a. his moment are Imminent, but the
| ,,ens nj rou,petilon hayo been 100 deeply and 90
| extensively sOwn to be cradcated Ivy one or five
| ruceS. ;,
! Inc Government bond department was dull and
| o..t.craliV weak. but at tile close At was
! somewnat stimulated by the SecTctarys order
t. accent so 900 geo OF 3l2s, with interest TO Feb
| mary 1S without regard 10 specified numbers, aud
Interested spccuators bid D per cent more Tor thoSo
than tine Department will pay IN order to turn them
mt the treasury, SO that the money So obtained
may temporarily initiate the stock sPeculal On. Inc
in changes in the bids from u
w,rk ago are a. follows: Adyance-3'2s IS
ner cent dcchnes-3s, Il; 4, q, and 4'2s, y per
| cent Statc bonds Were quiet. ana generdiiy weak
| for Transaction. Railroad bonds fully sympathiBed
with the depression Oh me share Hst put INC Ceal-
in.s were less than usual
\ ne ausiu. - done in stocks was enormous; lie
recorded transactions for tine week amount To
I4T 4O2 shares but the actual probably exceed
5000. 900 shares. Inc market was III a turmoil
nom Monday morning ill saturday NIGHT, aud
that "a times panic was Only
ayerod oy he large purchases made by the gieat
BEARS" IL seemed, no ever, to ne done Tor the
nurnos, of Shaving the decdc and not OI turning!
he III ,rket upward. Steadnes5 and >mIli rally
were met with free sIppty Of st"cAs not Only
from the " bears" vino hal purchased, but also
rom long accounts which mprOF I'd the OppUr-
tuuity to receipts II smaller loss ;an That which had
been fh. eatcucd few hours before The declin',
whie MOST marked IN certain stocks as indicated
il, me .uhoined weekly range Ot prices,' spared
mn class AID all suffered in different
degrees At times the market was stnIl-
rtyd by ru.uOrs of Treasury nten IONS and Oi peace
betNeeu the railroads, and the closing was made al
s,n,ri rceOVcrlCs from thc lowest uSurc5, owing IL
tLe ntrencs OI redsury orders and renew Cd Il ports
that the " cs:ern difficulties were To be Submitted
to arbitration
WEEKLY RANGE OF PRICES.