New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-30

There was little change in the commercial situa-
ton during last week Mercantile failures were I'M
pleasant Y frequent. There was large attendance
of wholesale buyers Of dry goods III the city, but
their wants small and pri eS for many OF the
leading staples were unsettled. Speculation in
grain and provisions, while irregular, made further
progress, and at the end some advances
we're established for all kinds Of products
Very little is doing in iron and its products outside
of work on old contracts. whlcl, however, is Sufh-
ccnt to give to the market tone of strength The
coal trade is without change, EXCEPT IN an improved
demand for domestic sizes. The output for the last
two weeks has been restricted to three days In each
week but there has been no arrangement yet made
for further curament. The Engineering and
Haiaq .Journdl in its review OF the anthracite coal
trade, says:
If looks a, though there might be little war; but we
do nt look FOR an ythtnc serious resumption Of hos
tliiies similar 10 those OF 1879 and continuation OF
Tnders virI could NOT pass unhcedcd and when lib
rrsi amount OF damage had been done, compromise
could easily DE established Unfortunately Tor tne IN
in the coal stoca the market prices OF such Sc
curitie9 nigh 90 please many WHO are III 4ltno
uothnr to do hut go short and create niue scare;
When the public becomes sufficiently alarmed, anu
profit be made by purchasing the seeurtleS me-
should he trouble III settling proslnme lSr Tue
cS is co4tin, the producers fluffy $IOOOOOpcr week
n AMI in fe hopes Of doing little extra their com
panies As they are opposing each other with about
ual force good l. Accomplished Tor any whlo INC
opposition actually results ia INJURY ID alt
| While the position of the trade probably Is fairly
stated in the foregoing quotation, We entirely as
sent from it's inferential motive for the situation.
On the other hand, the trouble, If there Is any Is
| the old complaint-a supply greater than the de-
| nand accompanied by the necessity that each OF
n majority of the companies shall secure. of a small
demand. more than its tair proportion. Con
corning the settlement of the railway war; the
! official statement is, progress made Dut thuV
progress is not dscernabe with the use OF power
fpl microscope On the contrary, il is well UNDER
stool that the bulk of shipments, both Eastward
and Westward is being made under contracts at the
low figures and the large receivers of grain and
| nrovisons on the Produce Exchange, openly laugh
at the idea of any practical advance IN rates TIL
after Jny l. when the water routes Will rue the
rates. unless the railroads ito as they did last sum
mcr-carry freight ut competition prices.
| The local money market has ruled easy for call
| Ioans ON Stock Exch nge cOllaterals, but rates
! have been somewhat irregular, ranging from to
per cent The general rate however, was 4@o per
| cent Time leans made az per cent. ana
! frst-cla,s mercantile paper passed at 0@0 per
| cen4 Duriug tho week the Sub-IgeaSary
redeemed SIS 900 in bonds of the lO5th call ana
! S-GG 700 of the 1OGth call. There are HOW remain
| ltO
| and OF the 1OGth call about SJ90O,OO0 !hr large
| rsceints of currency by the New York banks during
| tho asst two weeks have mostly come IRON points
| near by AT the South the exchanges favor New
| York but not sufficiently to move iuu1s, whilc az
! fine West the exchanges are again AGAINST u Al
| the paces named the quotations for exchange on
| Ncw-YorlI are rs follows: savannah. ga - pre-
MUM; Charleston, par TO Il premium; New -Orieans
| SI4S2 premium; 81. Louis, - cents dlscouh, )
! Chicago. 50 cents discount Boston. 10 cents
| premium. The foreign exchanges were actlNe ah't
the demand Tor short sight blis was urgent so tha
! ON FRIDAY business was lone at 81 S0I2 tor demand
! sterling This rate would permit 81 specie
sIp,pcpt4 of gold if 80 day bills WEI" nor relatively
! lower AT 81 s4li. But an advance Nv ihe bahA Oh
! Eusland of per cent IN IT'S rate loi uiscodhI
! nrnbaply would precipltatc immediate shipments.
V.st@rd9v necau5e of the late large shipments OF
| g,id from London to Paris, The opinion prevailed
| that lin e rates would be advanced without waiting
for the regular weekly meeting OF the Governors on
| Thursday next. , ,;,
| The s1ecu.ation at the stock Exchange during
| last week WAS more than usually Irregular ana
| snus,uollc There was n deal ot tax about a Ic-
ylyal OF public interest ~ the speculation thaI was
| moi warranted 10y any surface indications Stress
| VA. laid on the assertion that the large quaull,
| ties of stocks which have been sold
| for foreign account had been abNoIOeu'
while the fact is large proportion oi sich sieS Is
| sulI a temporary short interest ia the market
peuding the arrival of the certificates tor tnc Trans
Ter INTO certiiicates) that deliverable al tnt
stock Exchange. The purchase OF c0ntrolhnB IN
teTest IN the ~. Louis and San Francisco hdiIIodo
by Messrs. {. L. Huntington AID Jay Hculu Mn'
also used to st mulate the market. Inc laliM wa.
war or its settlement was less factor IN the situ
ton than 1t had been before for six months thaI
ia neither bulls" nor bears used u 70 lhnuenct
| nrices The condition OF foreign affairs exertee