New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-05-21


The totals for the four months ended on April 80
for the three years were as follows:
ca 19@ to Ap so 49, s454755ia $epI5s7
Provisions and tai
low. ........... 5247oo79 S6SOl2ol Sz07&l9e
Total. jg3 sS3277OlS s9o4Ss.9S3
Notwithstanding that yesterdays bank statement
(pIinted this morning. shows that the banks made
little actual gain in cash during last week, by
their liberal expansion ofloans-averaging 81 ,377,
000-they succeeded in making such plethora of
loanable capital at the Stock Exchange that rates
for call loans did not average much above per cert
for the whole week. Mercantile paper of the best
class moved only a little freely, but for any
thing that is not gilt-edged there is inquiry.
The domestic exchanges on New-Yorll at all the
commercial centres, except at the East. favor
able 70 this city; but the bank movement
makes it apparent that the outgO of funds
was nearly equal TO the influx. New-York checks at
the places named quoted as follows: Savannah,
ls0ll premium Charleston, par to "A premiums :;
New Orleans 81 premium for commercial and 81 50
for bank st. Louis 80 cents premium: Chicago,
5Od - cents premium; Boston, 25d IL cents dis
count. At the Southern cities, although the quota
tons are favorable to New-YOrk they are not suf-
fccnty SO to bring money here ; only at st. Louis
and Chicago and hardly at the latter do the quota
tons warrant movement. The silver quotation is
s Treasury's daily statement made yesterday the
department since Nav has reduced its ownership
of gold S6,3s ,046, and increased its ownership of
the lcgal-tender silver dollar 81, 949779.
We have shown that the exports for April were
probably about Si4 600, 900 less than for March, yet
If so they were So, 100000 greater than for April
1852. The decline III the imports at New-York
alone since April |. as compared with the same
time last year, has been 81 l. 100000, aud probably
for the whole country 1t will prove greater. Yet
with exports greater and imports smaller than they
were a wear ago. the complaint in the foreign
change market is of "A scarcity of commercial bills.
Tbs goes prove that our present exports only
hquidating past indebtedness, and that our pres
ent imports. whether great or small, much
against future exports of products securities or
gold or of all combined. The foreign exchanges
were dull all last week, but rates were advanced
and were higher the last business was done on the
basis of 81 s33i and 81 81 for long and short s,er-
ling respectively. Monetary affairs in London are
quite unsettled, and ii is not impossible that such
state may he reached as will make demand for
gold shipments from here.
Nothing was developed in the commercial
and mercantile situations last week that calls tor
extended comment. Outside of the speculative
marts dulness the principal feature The
spring is nearly over and II IL ddmtied that
lis results have been unsatisfactory The specula-
ton III wheat suffered Il collapse. and prices at
Chicago were about cents lower than they were n
week ago. The decline. however. failed TO stlmu-
late an export movement; prices in Europe fell
about as fast as they fell with us. Corn sympa-
thzed with wheat. but shows declines of onyl2d IA
cents for the week. Hog products weak all
the way out. Pork Is 81 lower. and lard IL II
"a 80 cents lower Speculation In cotton active
early at advancing figures and later at declines
which leave prices little lower than a week ago.
The exports last week were 5O.35l bales against
77,474 bales for the pre- odng week and 53,705
bales for the week Of last ar. The total exports
since September / have been 1926, 600 bales
AGAINST 3 1877. 100 bales for the same time of the
preceding year. The iron and coal trades
changed lower prices are quoted Tor ron aud 1t is
evident that the production is still In excess OF the
demand.
AT the Stock Exchange last week tho speculation
was more active than it had been lately, but at
declining figures, while the movement OF the better
class OF securities slower than before. Govern
meut bonds were nOminaly dull, but their prices
generally were higher on the belief which proved
savings banks would fail TO become law. The
final changes from the bids of week ago are ~
follows: Advances-,is, Il; Gigs q, and Is, per
cent Declme-4l2s. Il per cent State bonds were
dull The feature IN them the sale of Isl 0,0O0
AT 41 against 81 the Iast previous previous
sale The bonds were pressed upon
market which was without support, probably by a
speculative holder weary OF waiting for the hearing
OF the case in June. There was marked decline IN
the business in railroad bonds from that of the
preceding week. The large transactions then seem
70 have satisfied the immediate investment de-
mand: vet the supply of such bonds as New-fork
Chicago and st. Louis first gold Us aud West Shore
and Buffalo first gold os was not beyond the de-
recent advances. The speculative issues generally
show important declines
The general course in the Stock market was down.
ward and there few shares VIII % piices do not
show declines The transactions tor the week were
O30 $40 shares, against l,594O29 shares for the
preceding week While the evidence of progressive
| foundation was apparent there much irregular
ty in the various movements. Points" To buy
this or that class of stocks despite the general weak
| ness of the market were not without influence IN
| sustaining prices, and sometimes even advanced
| them III tie face Of the special weakness
| developed by the stocks of the Southwestern
system. Rallies by the covering Of d" shorts"
also were of frequent occurrence. The
! Chanceliors order concerning Central of Now
Jersey attracted attention. 80 far learned. It
| seems To be the Heading Company which is 10 take
| the company out Of the rcce yers hands. But it Is
now plain that II the Central does out OF the
receivers hands, it will be because IFS floating
debt has been discharged from Its earnings, but he
cause interested uennns buy nn ths dsht At ths