New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-13
sS26,s2e


OF exports. S23.S670fl --"..--
Exports excess $1,000.
ofimpors........ ............ $39.350.9s5 sS26S26
MERCHANDISE AND sPEoIR.
Of exports $50 ss7, oes s75.7ss.l7i s72.soss7s
Last week the commercial and financial situation
was further disturbed by the addition of more i'm
portant failures to the previous large list. Some OF
the failures, notceabIy those of Western banks,
were tho sequence of the collapsed specu-
latlon in provisions. Had there been less
exertion TO convince the public that such losses
could be suffered az were entailed by the failure of
the provision speculation aud no one be hurt, the
shock of the following sequence iuould have been
less. Ii is to be hoped that the enormous sus-
pended liabilities Of the shoe and leather trade will
not involve any financial institutions in diff
Guilty; but IL is not wise to possess an overweening
confidence that they will not. Unfavor-
able reports Of the crops In England and France
and the small movement to market OF our new
crop of winter wheat furnished spectators an OPP
portunity to anvance the price of wheat so that 1t
closed about cent higher than o week ago; corn
is unchanged, but provisions are again materially
lower The cotton speculation was active, with
varying fluc nations resulting in unmportant final
changes. The exports last week were only lo,09I
bales against 27 $40 bales for the preceding week.
The iron trade presents no new features but the
looked-for improvement has not been realized.
The Engineeriny and Mining Journal reviews the
Anthracite coal trade as follows:
There are no symptoms whatever Of an Improvement
the anthracite coal trade; the contrary In several
quarters complaints OF greater dulncss and re-
ports OF low prices are growing more numerous because
there are many VINO force sales to take care Of the
of coal coming 20 them shippers are sun
engaged I'm placing coal bought at June prices out soon
the majority OF them will have caught up There mas
been some talk Of putting mp prices tue middle o. tue
reserved for tue first OF next month when PROBABLY al
interests may be united TO create hlgner
80 that those announced montL ago may Dc Ac'o'uy
approximately realized
The local money market last week remained I'M
changed: easy at 2Q2la per cent for call loans,
except squirt to per cent yesterday and close ut
2laQ3 per cent. Yet there were evident indications
of a smaller supply than there has been before The
domestic exchanges on New York have weakened
at the West and are at discount (l79lO centsl
at Boston; they favor q movement OF money in
neither direction Tho foreign exchanges were
dull and steady all the West through
IL Is worthy Of note that tho weekly
statements OF the great banking institu-
tons of Europe-Banks of England, France and
of Germany-all showed losses Of bullion last week.
TWAS an active week at the Stock Exchange
speculation was much unsettled ana there was
steady and general shrinkage In values. But there
was no pane anything approaching oDe ana all
such talk is nonsense. Occasionally some one or two
partioular stocks suffered sharp declnes-n someiu
stances 3 or Der cent in a few minutes-bnt they
were followed by quick partial recoyerles, aud
exerted no influence on the general market.
The calling of ''ong' stocks first be-
gan with the smaller and scattered holders, and
IL was not until late IN the week that
,he large speculatiye holders Joined the move
MI haah aan nnai1p
he no means has been completed. The transactions
in stocks amounted to l,9l3,526 shares against
7ss 7sG shares for the preceding week. The changes
amonntinp to per cent or more are rs follows:
Recommendations Express liz. and Bankers and
Merchants Telegraph Ii per cent Dsclines-Ches-
aueake and Ohio Illinois Central Leased Line, ana
Richmond and Danville each l per cent;
Chesapeake and Ohio second preferred; East Iennes
see Virginia ard Georgia preferred, ana Lake Shore'
each Ia; St. Paul preferred, Delaware and Hudson,
Cre.n Raw and Wisconsin and American Telegraph
and Cable each Ia; Chicago, burlington ana
Omncy. Norfolk and Western and Ohio Central each
Ilo: Western Union, la Boston and New-lork Air
Line preferred and Canadian Pacific, each 49, chi
coco and Alton, Chicago, Rock Island and Paclhc'
Ohio Southern Milwaukee, Lake Shore ana western,
nreferred. aud st. Paul, Minneapolis and Manitoba,
aoob o. Michigan Central, Oregon Improvement
and Union Pacific each 2ls; st. Paul and Oma-
ba Illinois Central. and Minneapolis and ST. Louis,
zach oil; St. Paul, and Richmond and West ONT.
each 2Ia; Louisville and Nashville, 2os; 81. Paui
and Omaha preferred. anu Long Island, each 20;
Ortor,o and Western and Rochester and Pittsburg,
zach 27s: OHIO and Mississippi, 3is Peoria. Deca-
tur and Evansville. Chesapeake and OHIO. nrst pre-
f.rred. and Chicago and Northwestern each ga;
w.Jersey Central Delaware Lackawanna and
Western. Minneapolis and st. Louis preferred, and
Erie each GIG; Central Pacific and New-iork,
snsouehanna and Western preferred each ia
Denver and Rio Grande 37s; Erie preferred 4;
Missouri Kansas aud Texas and Missouri Pscihc
coal, alo Nemphis and Charleston. Az Canada
Southern Aas: c.. c., G. and l., Manhattan Beach,
ard York and New England each Zig; Texas
and Pacific i7s: Lake Erie and Western, D North
arm Pacific preferred, 5A; Chicago and North
wa.tern preferred and Wabash preferred
each b5s; Northern Pacific, 5A; Oregon
Railway and Navigation. and st. Louis and
San Francisco preferred each o. Wabash, SIS;
Oreaon Trancontinenta S7s and st. Louis, Alton
| and Ierre Haute, lOi2. 49,, L..
The dealings IN railroad bonds were not large but
their values were depressed IN sympathy with the
share market and for some the declines were i'm
portant noticeably Wabash general mortgages,
| Missouri Kansas and Texas seconds Texas anu
Pacifo incomes and a few Others. Goyernmeht
bonds were dull at steady prices Inc hnal ou'u s
| In bids are is advance LOT the os anu D uo0i'"0 ~
| The following table shows the tons shipped py
railroads east of Chicago of Hour gram anu pro
visions for the week ended last SATURDAY, a.
parison with the same week Oh 1899 an"
| Weeks ended August IL iSa95i; 100 1917
MichIgan Central. tons...-...'' 1919 6Os2 bl87
Lake shore tons. 9Iso 427o 1860
Fort " syne. tons.......'.-'..... s6si 266s 1901
i