New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-03

Mercantile paper if Of character which will sell
at all. passes at 6'06l2 per cent. The bank move
ment OF the week was nDimportant, except III the
cont ractions of loans The banks surplus reserve
is now $6,224, 025, against defcitIof Sl56O25 at
1881 aud a surplus of IS 1919, 400 in 1880; but tho
surplus now is only 10y DER cent OF the deposts-a
small margin for losses which usually occur at this
season of the year. The public debt statement,
so far as it is possible to judge without the dea Of
the Ireasnrers statement, shows ll:te change from
August l in the Treasury's available funds" they
Sl55.717l95 by the debt statement OF August 1.
In the domestic exchanges the rates on New York at
the South have weakened, and at the West have
strengthened. The later quotations are as follows
At Savannah. par to ls premium: Charles
ton, Is discount to 1s premium; NewOreans,
20 cents discount for commercial and 81 premium
for bank st. Louis, 20 cents discount; Chicago,
par; Boston, 17G10 cents discount The foreign
exchanges were dull and quoted weak and yet
without mercantile demand iOr bankers bills,
commercial bills find ready sale TO bankers at full
rates.
After a further, and in some instances severe,
depression at the Stock Exchange early in the week.
there followed a snarp and material recovery IN
prices. The decline, however, was not checked
until Lake Shore had fallen from 1O394 to 1854,
Northern Pacific from 1911 to 1854, and the pre-
ferred from 1885 to 69l4. Oregon and Transcon
tnental from 02ls to 5S3s. Northwestern from 122
Ito 1873 St Paul from l00os to 99l9 Louisville and
Nashville from 421s to 1858 Delaware. Lackawanna
and Western from 100 to ISIS Central of New
Jersey from 1913 to 7Sl2. and Reading FROM 47S to
46h. The checking of the depression hrst came
lGOlt II BtutI1l utlldnu upOl ouOitI
accounts, but when the turn IN prices was
fairly started II continued 10 be progressive,
without important reactions, to tbs close OF the
week. The recOveries generally were greater than
the early declines OF the week so that with ma
jory of stocks Yesterdays final figures show gains
of from to 3s per cent on the last prices of Sat
Morris and Essex, which Is 13s lower; Lake Shore,
rs lower; Delaware and Hudson, 2's lower; and
Memphis and Charleston, 3 Dor cent lower. The
advances, however, do not make Up the declines OF
the preceding week. The recovery thus lar does
not differ III character from those which have
followed every previous decline Beyond
bald assertions. there is not particle OF evil
dcnce that the character of tho market Is changed
one whit from what 1t was a week ago; but prices
are higher aud they closed as Scent ugly strong as
a week ago they appeared to be weak.
Government bonds were extremely dull, but
steady IN price, except that the bids for the 4l2s
ara Is lower than week ago. State bonds were
neglected Railroad bonds Of n speculative char
actcr followed the share market; were depressed
early in the week and later recovered Otherwise
the market presented no feature, except d scant
demand for investment.
The official statement of the railway shipments of
flour, grain and provisions eastward from Chicago.
for last week, shows that the complaints OF one
company against another of cutting rates dld not
restore the proportion of the shipments OF each limo
to anything ike the regulation percentages Inc TO-
tai shipments last week were 2,OIS tons more than
were those OF the preceding week: but the Wander.
bilt lines including the Nickel Plate (Which gained
1871. lost 1,2Oi tons; the PENNSYLVANIA Ines
gained 1.770 tons; the Baltimore * OHIO gained
429 tons; tho Grand Trunk gained 407 tons. and
Ere gained lO77 tons. Deductng the tonnage
g. 400 tons) of the new lines-Ereland Nickel Plate
last week, and the remaining tonnage OF all the
old llpes IL 1855 tons less than III the week OF
1852 and 10 23, s14 tons loss than in the week OF
1881. Erie last week carried 1,9G6 tons more than
Michigan Central and only 929 tons less than Lake
Shore. Cut or no cut OF rates the young competitor
evidently is 10. only heathy but is vigorous But
ii will be Interesting to learn from what rates the
new cutting is changed because everybody knows
that schedule rates have not been paid by the large
shippers TO any OF tne railroads at any time this
year. study of the subjoined comparison of each
line for three years will be found to be instructive.
The following table shows the tons shipped by
railroads east Of Chicago of -four grain and pro-
visions for the week ended last Saturday, IN com