New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-06

81 sIporis....... s2sO2a7s4 -..-......
h ol%po r. e,0o.. ..... ssao7zsSa an4a
| MERCHANDISE AND SPECIE.
OF eIports.... soss4s,l2s s76.422.5l7 s72.e6i2 200
The commercial and mercantile situations were
| somewhat affected last week by the large and
| numerous failures In the shoe and leather trade
and that with the late announcement
yesterday afternoon of the suspension Of Hersey,
whittier e. Wyman (who were not at all connected
with the affairs OF Shaw Brothers). caused the
week to close gloomily. But business generally,
such as 1t was, moved along smoothly and without
any exhibitions of unusual distrust alarm, be-
yond perhaps closer scrutiny Of merchants paper
when IL was offered for sale OF for discount Happily
all rumors relating to embarrassment of banks and
financial institutions because OF the failures
referred to have thus far proved incorrect, and it
10 to DO hoped that no such trouble
will follow. The speculation in grain and
provisions was somewhat restricted by con-
tinuance of the strike, and other bust
ness also suffered somewhat by want Of q certainty
of prompt dispatch. Wheat and ut Chicago
again seem TO have fallen into Spectators hands,
that prices, while fuctuating closed the week
only little lower than O week ago
despite large receipts and small export
movement Provisions wero up and down. but
close with heavy Decline It Is worthy OF note.
however tina, the Official report Of stocks at Chicago
on August 1 shows 175,000 barrels OF mess pork.
against 103 900 barrels July 1, and 90, 405 terces
primo lard. against 10000 tierces~ on July 1.
There was an active speculation In cotton during
the week and prices advanced; spot cotton
rules about Is cent higher. The exports last week
only 7646 bales against IA. 449 bales for the
preceding week, and against 1888 bales for the
h. tran
has not improved; it Is dull and while
prices are said TO be maintained, the supply
IL moro than equal to the demand, and
according to statistics the restricted product
falls only little behind the present consumption.
OF the anthracite coal trade the Engineering aud
Mining Journal. says:
The trade continues with few signs OF encourage
mont Current busn Is small IN volume and IL forced
o y, oa ,s h. a,n'nis a-tar.d bv than in
June work which IL rendered more difficult because
yancc by the COMPANIES to fall back upon onc Of them
which noted for taxing good care OF ia contractors
will has ". announce an advance IN two weeks
SO far as the otbsrs concerned they to have
discussed tsc matter arriving at tho wise conclusion 10
production OF this year over last was roughly I45O 900
tons Ia spite 0 the fact that there have been nryonc
moro active consumption has been, while
4 should really be read as showing how mqch
partially under pressure large share OF this increase
10 western distributing pOints which
fun to OVERLOOKING. that Buffalo is now beginning
stock extent As vet the work OF distribution
ar The trade w oSs w Interest to- the %e
when the good work u fairly started. The movement
and the tidewatsr markets viii receive greater quant
ties which must be kept moving. With fultime aud
will be SOM sccum1ston here and this L. what con-
looking and holding OF for. heavy domes
but until the middle end OF August not much business
Of this character can DO looked forward TO- The manu-
featuring industries dull and bltumnOus coal
cheap, so that the trade for steam sizes very quiet
The local money market developed no change last
week; it was easy for call loans at 1ia02 per cent
and exceptionally at Dig per cent Time loans arc
obtainabe at per cent on miscellaneous securities
but the views OF borrowers and lenders so wide
apart that only small transactions that way were
The domestic exchanges ruled |
about steady, but at New-Orleans New-York bills |
were higher at 81 259S2 premium, aud at Boston |
weaker at 1905 cents discount. The foreign ex- |
changes continued TO be du but were firm and tow.
end of the week rates higher and closed
on tho basis of 81 S3h and 81 STA re-
spectvely for long and short sterling
Business at the Stock Exchange-aot only In tho !
share market, but in all the departments-has |
dwindled TO small proportions and reflects little
more than scalsing trading for such am all profits
as the changes of day may afford. The stock mar
shares-an aggregate for the week not greater than
was frequently recorded for the operations of sin
day one and two years ago. The indications of o
week ago that the large speculative holders of
stocks were about to mark higher figures for
their properties, were further developed
by the early business and higher
figures of Monday forenoon. But the Boston fail
nres the first of which were announced that after
noon, dampened what little of speculative ardor
here was and since then the efforts have been lin
ted to sustaining prices without accommodating
tocks. On the other hand the "bear' traders
md their name Is not legion-have been content
With enjoying such profits suffering such losses
Is the day afforded, aud these have been contlnu-
JUS sustaining force In dull and local market
Nevertheless the weeks operations result in de-
ines for majority Of the stocks which we're dealt
that range from Il TO 3os-the latter New York and
lew- England. The exceptions, showing advances of
2 percent or more are Richmond and Danville q;
Il. Paul and Manitoba. /; Long Island, liz Air
line and Minneapolis and st. Louis eacb liz ;Rich-
aond and West Point zig and Ohio Southern aud
oregon Railroad and Navigation Company each
er cent.
Except on one day, the market for Government
onds was dull but prices for the long-date issues
we're higher Bids advanced Il for tho As aud Il
or the 4las State bonds were quiet and quotations
generally only nominal. The railroad and miscella-
eous bond market was as dull compara-
lively as the share market, aud prices
ssues, when not specially sustained, readily de-
lined before apy pressure to SELL and IN the ab-
snce of demand the best class OF Investment Issues
ieldod only less readily. In word, stagnation
as taken possession of the Stock Exchange; and
NV evant Nh AZ will raIieve tina sittation heter