New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-04
TrsGSurer's rsporL

Treasury reserves in the redemption OF $sO6G, go
bonds last week. together with slackenug demand
for money in the interior, and last, but not lcast the
shriHkage of values ut tho stock Exchange, have
thoroughly cased tho monetary situation, not only
tor call 10 pledge Of securities hut also for the
sale oi mGrr%nthr paper. At me Sioch EXCHANGE
money ruled from 10 10 per cent on Monday 70
ga per cent Saturday; after Monday pcr
cent was the highest and Gao per cent were the
cG.' to rdGc6m any Of f0 the 3is to
an amount not exceeding Sl0,O00O00, the amount
thus far presented aggregates about tO.OOOOpO
Although tina Il nestle exchanges, EXCEPT AZ the
East, have ruled again, this CITY, the demand for
money the osl a.d South tor crop purposes has
hardly exceeded the receipts from the New-Engl%nd
Stats aud nearby points. The foreign exchange
markets wero Null al the way ont, bat the demand
Tor paukcrs bills WIS z mewhat quckcncd by easy
rnouoy, which undoubtedly was met ny an advance
in rates, and the market was firm.
As the season al vances the probabilities OF any i'm
portant movement OF breadStutfs and produce grow
less and less Our Western farmers seem to be more
determined than ever TO commit the folly of lap
no tuis years crop on to that OF 1883. treghts
from the West an Northwest of Chicago 10 that city
L'tle more than nominal aud although the gues-
lion OF storing rates was publicly agtated az the
week, which EiisCusSlOn should nave stimulated
shipments, the receipts OF wheat az Chicago and
MilwauEe' last week were only 60S92S bushes,
a-a,ns 1853 l9' bushels for the preceding week.
tn receipts Oi corn at Chicago show AZ
ltOnal iGcr1-. ia tie receipts 0 je pr, crdlnE
week having been l39o.70N bushels agaI st
N7l,1GO, but that iuOVt iut nj was made up bY re-
ship meats from other points OF accumulation to
meet the November settlement n Chicago; there
for" n has no relation 10 movements from tn pro-
dUccrS. Chicago prices tor wheat have renamed
comparatively steady. and tie nal cnangeS from
week a0o small but toward lower figures, Corn
suffered sharp decline after ne ond OF the month
Pork and lar, arc higher than wctk ago, but not
a. tho best ugares Ot the week me |
British markets were a little trmer, and the
quotations a. i shade higher thal week ago |
but the prices are Stil under the eqhNal'nt |
our figures, and the export demand Tor Europe -
mex, - nothing. Most shlPmenCs are made with |
risk for the shipper The cotton m0Voment. row |
La gffa 4 "a IN
port, last week 2jJ O19 bales, against I'll 80
bale, Tor the we k oi 1851, and since Septem- !
Der /, this year, lhey nave amounted 10 Zft-'}5I
bales, against 2.3iJ,-4 bales Tor the same THE ~
ISL. lnc exports rom al the ortS last week |
were I75 969 Dales, against Sl,2iO bales Tor the
week OF 1851 aud since Sc)trmoer they nave !
amounted To 1868 5l bales, against lO13.7IO |
bales tu th- sane time of 1851. HE depression
IA the IRON trade was fnriher developed
o. additions to those before annOtmc ii oi the !
closing up Of mills which are IRON aud cOAi con- |
sunris. Foe coat trade IL - aulet condition but
II Is rnc quictnrSS winch may prccede sharp dt !
Glue IN prices. The consumption - rapidly de- !
Cuiu0 and stocks in Ola" hands OF coz SINNERS az !
report ID ~ being unusually large, while the pro |
ducfiOh continues 10 b. a an unprecedented lh.e |
I'm hr las. two weeks the output or ant Tactic /
coal WAS l,l0A4lt t0u5, AGAINST "p7,I6| !
tons for the corresponding week uL last year |
such production end Sna,l demand |
cannot long keep company without producing lhrlr |
tgtIlajo results. In general mercantile circles |
e Trade Is IN an unsatisfactory condition: Daj the
1hic. were rcport.u Recent Developments are ,
leading TO the conclusion that mercantile credits !
are moe banded than heretofore has been thou ht
Iac sock EXcnIug markets. we're lrrGniHr and /
generally unsettled All the week. Yet with al the 7
iiuctuaucns, winch were large and I-qneni, aud /,
the large uaI-lctols rtporcl IN shares, to f,
business was as much coIhncd III nutshell /
~ II Wa 4eT Wee"8 ago when i"e F,
daily business was reported M les ;
tlan 800 900 shlrcs. Contradictory rumor> OF nrv
". 4, and OF the progress made no made toward
patching up 81 old wars ethc osieuslble reasons
for AL ihe excl cement tNat ~ times w"S apparent
lhe tru' reasons however, are that manipulation /
wa, uauc to l tie rumOrs or the runOrS we've hc !
outcome ot tlc nanipua ION. At oueh tinaS az thc
present railway officials are assumed 10 ho tc.Is |
are tru-te. y, and the opportunity Is h- |
proved TO- re Il them severe lee /
Iu.o upon Their dcrrlIstiVl from duty IN making
ialHay wars 10 serve th'ir speculative purpose !
Iut there ~ another SID. Any body 81 director, |
with good market tor thc sale OF bonds can bud
branch lines AUD tor The time beng glfr 20 the COM
pany an air ci exceptional prosperity through he !
irllc which tn construction OF the ness line gives !
10 the old liue, ana from tho profits derived from !
bonding a mdc OF road ~ 5000 TO $2OOLO That !
cost $1,000 to $1,000. but the directors cannot |
make the business Tor the ncw branch except |
by a further extension and the binding |
of h'r branches. Wien The bond market laS that
kIud of business comes To cud and then comes !
cS trugglc to obtain alcgumate business
IL meet III interest capitalization. An
occa .iOnal lecture in ush times upon tho subject !
of sucn liberal building OF new roads m'0ht checA /
tno binding IN Time; AZ all events bond buyers |
would u
might be valuable 70 be cautious Tine North
western the Omaha and the 1t. Paul raj roads for
wears have been extending their limos into each |
0ther'g territory. The ST Paul has lar Outstripprd
its rivals but OF the 5000 miles of ROAD |
IL has built since 1877, for at least
/ sOO miles thoro WAS as little necessity rs
there would De for two doublc-tracked |
horse railroads. in Broadway from the City Hal to
The Battery That is the cause of the difficulties
between the railways in the Northwest and stock
speculation; the rams have been laid down, and
every inch of them is bonded ana they are not go
ing 10 Do taken up. Sooner or later the trouble Will
be patched up bat the settlement must wait TIL
the business OF the country grows up the raih Dad
facilities with which II unnecessarily has been sup
Piled ! he transactions IN stocks for the tive days
amounted 10 3O22,l shares, against 4. l47 ,402 |
shares Tor the preceding full week Daring the early
part of the week there was a fevorish improvement
in prices which some cases amounted 10 as much |
as to 10 per ce4t. from tho lowest prices OF the !