New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-23

The cotton speculation variable but the maj
result Is that last evening prices for spot and futures
were shade easier than q week ago. The recepts
Mt the ports for the week ended last Friday were
60527 bales against 30 800 for the same week vi
1882 and the total receipts since September
aggregate 1862 665 bales. against 4,39s 1875 bales
for the time of the preceding year. The exports
from September l TO date amount to 39Io'334
bales against 1850 1874 bales to this date last year.
and against 3.595.000 bales for the whole year
ended August 81. 1882. The European stock OF
cotton, including that on passage. at this date Is
236 700 bales against 2OlS.1 s4 bales at the same
date 1882. and the stock IN sight in the United
States now is 945793 bales. against S3o.23O bales
at this date In 1882. The important event OF the
week in commercial and mercantile circles was tine
reduction of SO per ton in the price OF pig iron oy
the Thomas Company. The fact of the open reduc-
ton by so prominent a concern as the Thomas CON-
pany is of first Importance to the trade; 1t means
SI7190S1sI2 uer ton for No. iron OF inferior
makers and a forcing large reduction
in the production. In that view IL
is likely to stimulate temporarily more
free demand for future requirements than there re-
Gently has been. The anthracite coal companies
again are running on full time and the product IL
Accomplishing. The situation of the coal trade seems
to be not unlike its condition in the spring of 1876
of the production than has beeu anticipated by the
managers will be required to maintain the prices of
coal at anything near the present published sched-
ules. |
The Stock Exchange markets last week generally |
were active but there was decided setback TO |
the speculation in shares. Transactions In Govern
ment bonds not important, and except on one |
day were small their prices were inclined TO be
weak TIE final bids for he Gigs are nomnally
per cent higher than week ago, but !
there were transactions made at the low bids
of the preceding weeks; the bids for the IS.
Is and 4les are ls lower. The dealings in State
bonds were unusually small, and the quotations
generally were little more than nominal. fair but
irregular business was done in railroad bonds;
prices for nearly all the speculative issues show more
or less declines but Richmond and Danvlle deben-
lures and the issues of East Tennessee Virginia and
Georgia were notable exceptions There is steady
although a moderate demand for railroad bonds for
investment, but one that is sufficient to bold the
quotations for that class of securities at full 6gures
A notable feature of that demand is the discrImlna
ton shown in favor of bonds the principal and in
tsrest Of which payable in gold COIN The reason
for that is found in the larger and continuous ac-
emulation of tue 4122 grain silver dollars and the
belief that Congress docs not at its next session
stop the coinage of th,m they timately will be-
come the standard of value. At the beginning Of
this month there were IN circulation 70,7J9O00 of
silver certificates and the Treasury held of silver
dollars S32 722. 900 excess of the amount repre-
sented by the paper CIRCULATION
The share speculation, whine GrooDing, was ftful
and irregular. Evidence that the large speculative
holders had been considerable sellers of stocks
during the latter par of the preceding week was
plainly appa ent the EARL part of the week, and
The evidence that they were continuous s'lers
during last week. stopping only long enough
Ql1
fluctuations during he week. In which Chicago and
Northwestern common stock played an important
that inst. ad OF an of $lO000O0 of stock to
the stockholders al par TO Trovl1e for the
payment OF the controlling interest IN the
81 o. 600 coo per cent debeniure bonds; but
The q appointment hardly had time to crystalline
before n was reported that the stock watermelon |
viii be- cnt in June. The stock declIned from 1925
10 I33, rose to 1864, aud closed a. 1874 new
rumor that Central OF New jersey will soon be taken
tie receiver says the company cannot pay
the interest ON It's income bonds except
that there a contest between the Baltimore and
ONO and the Pennsylvania Railroad companies for |
the election odIrectorS was the occasion for sharp
and short advance IN he price OF Central of New |
Ter ey stock the price, alter declining ft0m 771s
Ia 75la rose 10 1873 AT the moment specuiatOrsdld
not stop 10 think what an expensive operation nc
would be to p reha,e 1T 75dS0 tine stock oil 100
miles of road whIcn Is bonded at the rae OF $3.50,
BOO per mile, Just for the purpose OF using SO miles
loue by the Re4drg management, but
hardly by any other railroad the
story story however, answered ITS purpose, and
hen the price feei back TO 78l4. Delaware.
Lackawanna aud Western dealt in to the ex- ;
emf of 673, 700 shares-150000 shares more than
rs capital sLock-and its prices tactIated between
3Oi2 and lz71s, and closed at I27lf. The total $
ales for the week amount TO 2,706, 1874
mares against 2,601 APO shares Tor the
preceding week. ST. Paul, Minneapolis !
md Manitoba, Richmond aud West Point ana
hannibal and ST. Joseph preferred snow final gains !
m last weeks prices the latter OF Sic per cent, but
he final declines for the market range from / to
IL per cent.
Messrs. Bulge & Goldschmdt, members of the :
,tock Exchange, by adyeIt isement call attention
o securities winch they mako spccaltes OF.
The following are Saturdays quotations for I'M !
listed securities: v