New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-02

st tne SoIlowInS are the totals of the statements
ot the corresponding date for preceding years; 90,
,o.n.. s2sessisSo ssoe$9$ssooCC o;97 500 500
fS:s:adsT sSsss3 3SS f$ .$S s5isi$S
a EGlai reserve 3sSt%, iSss7sS 6s az
.Deacit 10. Lot ,,ooL A,
.le s bjgh as 81 per cont and on two laws large
nroportion OF the accommodations Tor loans over over
night commandeo fa'es erra5tIe naper was almost
rnneootlable II is the same old story over during
tbe dull SUI inner months, when there was hasuIa
accumulation of idle funds IN the CITY DahhS Nose
;Dstiturions A. usual passe their accom- nodatlons
on the markets at rdlculously low rates; lheV
encouraged speculation not only II IN sec und
tiaa but also in grain ana cotton; ai~ .
thns created situation from Which tne' usio tbe
withhold continued accommodation VIII t the
season arrives as IL does every year, III ~,
I-;tiT,ata .rnands OF commercial ana hleIuan'lIo
interests require the use OF MONEY H. Teasnry ap
Iuesdayi IN Snb-TreaSurv. conference was
imedi afely organized 20 iay before MN the a.
porable condition OF aaTd ~ the fU Tre1snry bad
.IV 9Yeg,tmate surpl~s pose Of but the demand
any leeI.li" .O,ory the Treasury 10
was peLou,pJ tba. v 10 relieve situation
SOM, ul'-' .sr.;+,- ~ who present at the
Consultation had done tnelr utternost 70 creaor'
Something was done by when some WY NJ ~
cut in their demands for the puOllc Wtai my neAo
sen,noved present OF nearly three mont inter
e e5.st on Goyerument bonds The SITUATION at lue
Stock Exchange became easier anu rat y t'i az
ions felI 10 Ia per cent, put mercantile lPe! Is
Dane ier of negotiation than 1t was early IN the
week The offer to prepay at the rate OF 70 QVo,oTo
Yveek the bonds OF tine 1loth anu II " C"tis
a,.Son+ rebate Of interest, was responded 10 pE
the presentation between wednesday morning
and last evening OF no5e Of that S,io tTiIug sum
e. rot tho couse of the lower rates mace az Ihe
Stock Fxchange. although 1t contributed TO II. Ihe
trne solution of the easing was nOIeIaS iquIaa+
IS tle
onj an increase in the " short interest," "hicn
made better demand for the oorro%lV VI S
Teductn from the New ork SUB treasury optr
atoms for the week ended last Friday nlgnt Its re-
ceipts for payments to be MADE at the I
S &c reS,it Is Receipts 81, 246,67S payments,
Sc $40 257 gain to the lrea -ury OF ohy 1900
for the week and that Is Inc oaSS Win
impression that the Treasury - III ~ J
nn}S,ng large sums of money from trade ne ldea
already has done incalculablo lhiscniel anu may O0
the he nrs; % eycbsnges during the week
condition that was entirely inconsistent
with the commercial sI II tRs w po out
and only steaded a little AT Inc euu. " l I t.o
rates for money checked the mercaIntIs u enianG
for remIttances, it increased the supply % 9ahcis
Hills becsuse every banker having balance ID
London or a connection there was deslr0uS oy my
sale of bulls to raise money Whlcn c t ' time
here on such favorable terms Al the SAINT Vllle,
Hills drawn on PARIS account OF Jne pay hehtS
due for the Panama Railroad STOCK a'Geu !" te"Po
rarily overstock the market; Inc dom s.lc eA-
changes at the south West ana East are All az tist
New-YOrk and as cotton Il beginning 10 move Hoie
freely the demand for currency rom tle o1u.h anu
Southwest is likely 10 BE- large ana urgent rom tHiS
time out. Thus week, however, the money lud'Aet
will receive some aid from Government a}ihenl
of 81 400 900 interest on the per cents peS'"es
from payment of such struggling presentations OF
the / 6th and 1l7th calls az may Oe HlaIe,
With the price Tor Wheat IL ~ Cnicsgn and the
London market weak, while at chicago prices are
sustained bv a speculation that has LOT Us Oa'ls
belief that our farmers Will not sell a! present Vi
larUar flo
be regarded as entirely satisfactory. -Ie c'AuoS
large crop Will profit little II II Is 10 D. hoIueu'
instead OF marketed The Western produ erS can
NOT learn too quickly the true situation: thal vest
ern Europe Is not dependent upon America tils sea
son for bread, and tnat We may make hocIaI sues
tin time 10 compete WIZ tAe suPPllcs Ilou E'o.
ern Europe Asia and India. september wheat yes
lerday closed ut sl OS aGainst 30 ? CenT9 I TiJ
Der options and the dlHef-hce an Vuo a. ~;
between and 10 cents. Yet the receipts at Chl-
cago were only l75O,OOO bushels ana Z '0u par
OF that quantity as already oeeh COuH'vu 40 LC-
celnrs al ST, Louis the dluercnce III the
markets paying for shipment from 81 Louis 10 Cn-
fago The cotton movement OF last WcfA SHOWS |
handsome gain on that OF the precediHG we" b. |
but the comp with that OF the week Oh IooI
IL unIavorable. The exports from all tue pottS lor
the week ended last Friday were 40,-o| DaIes |
against 3 Ojs bales for the preceding week, ana
against 10 1876 bales for tn week OF last year Inc
total exports from september to September |
TINS wear have been lis 80 bales, against 4oo,9Io
ba e. for The same period 1851 Ihe iron ira &c Is
almost at standstll and steel rails are quoIeu az
S43GS4 ) a ton. The coal companies nave au
vanced t4tir schedule pr,ces. ne movement Is |
pTononnced 10 be unwarranted by the cOnditIOH OF
the traie. The Engineering ana Aiming 10@"a' |
speaks OF the movement as GOlQ&si
BY Intelligent IN the sraue tiS 10 con- ueteu
very rjddlcous step. and one WHICH WILL prohtby IA
I'm produu e effect desired that OF stimulating pur-
chases Buyers know that b. December, as ueutI ue
ellie In prices viii set in, and they nave not therefore
the 81 eli es inducement to increase stocks w-lcl are
arealy heavy enough All OF our locai yirus Gle
1ul 10 Oyel1owiu; manufacturers bought rHbpPIe'
lot time and are not IN IN M Ao'
70 any great extent The same Is l4r7ey tre 81 Tue
wanted for the present Increase in prce-ioiowinS
Us 1t q weeks after period OF rest friction whcI
did Not pu tnugs into shape cnuieiy-l tneeioIe iUl
the outgrOwth OF any scarcity or any ezcePuohAIy
The business at the Stock Exchange last week
was more active than during late preceding weeks
and developed more or less depression lh all Hc !
markets. hefe were no important tIahsdC Ous III
Government bonds, but the turn was weak Tor tne
lOngdate ISSUES the final bids for the 3'-s are i
higher than "A week ago, and Tor the Is ana - b
over. There was not enough business dOne IN |
State bonds 10 constitute market the Iennessees
were inclined TO be weak. ana Others were steady;
In stocks the transactlons aggregated Z+JJ,4-3 |
shares, against l,S7Z,o34 for the preced- |
lug week. Stringent money III the two FIRST |
GAYS of the week hardly Affected Prices, |
but later the speculation Weakened, ana prices Ie-
cined from per for Lake Shore to IL per cent
for Louisville and Nashville. The special incidents
Oi the week as affecting the speculation were: the
declaration OF per cent dividend Oh Lake shore !
the nom laratOn of dividend ON Michigan Cen
tral rbe leasing by the Delaware, Lackawauna and
Western Company Of the New YORK, LacAawanna
and Westerns line, and with IL the disappointment
that there was no scrip dividend 10 the etockhOld-
ers of Delaware, Lackawanna ana western; u,
favorable reports concerning the finances OF
the Louisville and Nashville Railroad,
which 10 officers declined to DENY, and
finally but not least, general loss of patience by
speculative holders shares and an lucipent SUI
pIc0n tlat the large operators had Deen selling
stocks steadily tor several weeks. UntI the itoJ
Two DAYS the depression was irregular, Dut finally
il extended 20 the enure market, ana was general,
those stocks for the decline or winch some special
reason or rumor was assigned being only the most
conspicuous. The week closed with the speculation
weak auO unsettled.