New-York tribune., 1883-12-10

much connection with the prouuce OF any oIner
commercial business. The bank proposes to
pay all depositors in full, and in that case If it
has made injudiciOus loans on securities or to
contractors, the loss will fall wholly on stock
holders. The outcry against the banking de-
partment does not seem quite reasonable, In
view of the admissions of the officers and
friends of the bank as to its condition. Among
| the National banks there was not much change
I last week the Withdrawals of bonds exceeded
the deposits about 100000, the 4l2 per cents
increased $365,00 the per cents diminished
$4,000, and the 3 per cents diminished
$6l8,00O. The imitation of currency by Gov
ernmcnt issues of certificates renders some con-
traction of bank circulation each week entirely
natural.
In the Stock Exchange few facts and many
r,imors were used to support an attack upon
prices The appeal for revision of percentages
allotted to the trunk lines does not promise
trouble, because the parties have agreed to sub
nit the questions at issue to arbitratOrs. whose
decision the roads are pledged to accept. The
trouble in the management of the Illinois Cen
tral has been amicably adjusted, and parties
concerned in the Iowa pool have gone West to
attend meeting, at which it is hoped by some
of them that all difficulties will be settled. The
Union Pacific reduced its Salt Lake rates on
Friday, but it is said that the controversy be-
tween this road and the Denver is also in shape
to be settled soon. The most menacing report
of the week was that Mr.. Vanderbilt had begun
another trunk line war, using the Nickel-Plate
as q weapon, and the circumstance that it was
denied by him and by other interested parties
was treated as unimportant by those who circu-
latedit That there will ever be condition of alb
solutc harmony between rival railroads and their
managers is not to be expected. but the cOntrO-
versies of which so much is heard do not pre-
vent the roads from reporting hand some earnings.
The iron market WAS frmer last week, and
believers in not distant advance increase in
number. Pittsburg reports an improving de-
mand, though at low prices. The Edgar
Thomson Works, it is now stated, will obtain
such reduction in wages from their men that
they can go on, and it may be said in general
that most of the suspensions recently reported
appear TO have been dependent upon the willing
ness of tho wOrkmen TO make some reduction.
At Paterson, some hands have been discharged
from locomotive works because orders do not,
come fast enough for the large number recently
employed. The Western Nail Association had
voted to suspend five weeks, but rcscinded its
action on Wednesday because some makers re-
fused to shut down. Tube and pipe companies
were in consultation at Pttsburg last week
about the dull state of trade, and the force was
reduced at some works.
In dry goods larger demand was noted last
week, particularly in bcached cottons, rs the
result of lower prices. There were also slight
concessions in tickings and print cloths closed
at GIG cents for G4s. In wOolen and imported
goods the week was dull. A failure of dry
goods house at Providence for $4,000, i'm
mediately followed by fire in the store, oc-
Cured on Saturday. The coffee market was
rather weak, closing at about 1920, with pri
vate advices of a weaker market at Rio. Cheese
and butter were dull, and the latter weak. The
oil market declined sharply during the first half
of the week TO 81 13, but recovered the loss.
Some important sales of real estate occurred,
but there was no general activity. The pros
pcct that many freight steamers will arrive
within ten days makes rates weak, but i'd is still
asked for grain TO Liverpool.