New-York tribune., 1883-12-17
RECFIIrs

Neither the iron nor coal trade shows any i'm
movement. Business is dull and lower prices are
i,cnt toned ns being accepted for iron and il
serted that contracts Tor steel rails have been
made under 80. Trade m anthTacltc c"'I uiass'
produ,tiun. the unreasonable weather has some
" hat aggravated the situation.
The local money market at the stock LNchange
Los continued 10 show an unhealthy plethora ol
idle capital. Cali loans ruled At not over zig per
cent exceptionally at 81 and the current Iatr i2I
the week will hardly exceed percent; very HliIc
iynrtr,l aud as is offered pu time loans except
ON Government bonds; the rate is fully percent for
time loans on mixed cOllatcrIls and 303I2On pledge
ofGoycrnmruts. At thcWcst and South money Is ac-
tive and sometimes stringent, but the movement OF
grain cast ward from the Western points OF accumua-
lion is ~ small that the exchanges rule less than
usually uufavorable To New-lOrk.
Yesterdays bank statement, compared with that
Of 1882. is rs follows: Asscts-Loans now, are
and tLe amount of lcgal-tcndcrs is
- g35. 500 greater total cash, .S6,7l3200
grIatrri Liabilities Deposits now S3O, liG20O
Srcatcr and circulation il SI267G,900 less. The
surplus reserve measured by the rule OF 20 per
cent 10 deposits now is &5,22b3'o' AGAINST
ry.s In thr deposit liabilities l2GGJ per cent
lao 90 per cent Tess than at date lS42 The foreign eX-
changes were unusually dulland early IN the week
tho nominal rates were reduced, hut at the appear
aucc of a small demand they a2In were advanced;
The closing business was on the basis oI ~ II a ana
81 sila respectively for long ana short sierllng
The following were saturday quotations IoI uh-
listed securities: -, ,,
he
cInnmens relating TO the oycrbuiiding of railroads
and he consequent active competition 10 gam Dusl
urss II il a favorto theory OF the street
! that all railway wars are got up Tor sPtCut'lNc
| uuruo,cs and ~ generally acted upon ihit lH'oiy
aIl iosf week I'm fact thc stocks when snow the
greatest declines for the week are those ABOUT
| which there was no new information 10 auecO
them in either direction. Northern Iaclnc
! common declined 3ai, the pref rrcd stock Os:
| Oregon aud 1ranscoutincnial los and oregon
R1iirn,d and Navigation SIG per cent; ana MssOuTl
Pacific and Loui-y ilc aud NaslNiie, whose Stems
are removed from the seat OF the test C"''tue-
LINED 4 l., and p,r cent respectively; Union IA
,ifr declined 73i IL is true but that was more he
c1usc ITS net earnings for he months oi August sep
tauIbcr and October az officially reported showed
decrease of 81 2OS 77o from the net earnings ol t'
same month of 1882 than because Ul i's 'olo. Wv"
! with the threatened war between the members oil
! tbc old Iowa poo The declines IN the old granGcrS
| r,u0rs only from n for Rock Island 10 ~ TOT
! Noribwcstcrn and St. Paul. The trunk line shares
| show final declines Of only irUm l4s lor EIie 10
| %, for Lake Shore aud Canada southern; !;
| the Southwesfcrns except Missouri Paclhc, are
OF nearly n 10 2io per cent ana INC c9'l StoVhS
| were exceptionally strong with Reading showing
gain of 2s Der cent. The transactions Tor tle week
| Amounted tn 2 25J3.g13 shares against l,S'H'NZ'
shares. and the week closed Win 'Io MA N'' "''
| tied aud weak. ,.., ..;
| and held strong all the way ont; tho hIlal DldS
| showing advances of y per cent iof Jhe oS 1hu
of B. for fine AZ and los. state bonds Were aS dull
as usual quotations were steady ana withont , i9at-
| ure The market for railroad bonds steadily
| worked toward "A general dulncssi there was less
| demond for GOOD bonds and nearly all those OF
| i'm nriccs The West Shore and buffalo os were par
| ticuarly active and declined from "a Il to 10 ana
| recovered 10 72a II y. , ..
aces shipped by each of the railroads east of Chi
cago of -four, grain and provisions lor the week
ended last Saturday in comparison with the same