New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-05
vailed in financial circles, and French 3 per cents
closed the week at 79.4O, against 1910 week


closed the week at 79.40, against 1910 week
ago.
The animation In commercial and mercantile
circles did not improve. Heavy storms all over the
country and the delay in Congress In making hnal
disposition Of the tariff question aggravated con-
dition Of affairs which at the best was not promls-
ing Numerous failures were announced and some OF
them were of sufficient Importance to attract more
general attention than was given to them All that
however did not prevent renewal OF the specuia-
ton in grain and provisions. At Chicago, wheat
gained 4G4l2 cents in the week pork was nearly
81 higher and lard advanced 62l2 cents. The effect
Enthusiastically felt I'm the export trade, and lit
tie was done in the way of purchases for foreign
account. The receipts of cotton Mt the ports con-
tinue to he large but the exports Of last week show
a large decline from the shipments of preceding
weeks. The receipts at all ports ended last Friday
were III, 1916 bales, against 10000 bales for
for the week of 1882, and the receipts since
September ! have been. 4,319947 bales;
of the preceding year. The exports last week were
1O2,264 bales against 154,035 bales for the pro
cedlng week ard against 1928 bales for the week
of 1852. Since September | tho exports have been
2,S25 III bales, against 2,013,2S5. At date for the
years named, the stocks in Europe and the quqnti-
ties atioat for Europe comoarc az follows: 1888,
1855 900 bales: 1882, $50, 900 1881. 1903 SOC:
1880, 1,29i600. The American stocks a. same
da'e were l,246,400 bales. lsi94 500 1884, 300
and 1,344,S50 respec lively. The speculation
in cotton active, and tiuctuating during the
week but pr ces at the close were lower and weak.
The situation is unchanged IN the iron and coal
a pronounced policy for the future The only thing
Of interest the awarding of n contract for
$4,000 tons of anthracite coal principally
"broken" y by the Commissioners of Charities and
Correction to Messr9 David Duncan 81 Son, at
So 50. The next lowest Offers were at 81 90.
The Stock Exchange markets last week generally
were depressed. The Secretary's 12Oth call for
= q bonds q
the large dealers III Government bonds; the
touaI Issues declined sharply while those of long
dates after irregular fluctuations, made final
impOrtan gains The biddings are changed from
week ago as follows: 81 Il and the CLOS are 80
lower; the Is are b and the l2s p higher. In
State bonds the feature was the dealings in Arkan-
to he railroads; their prices advanced ~
a 10 per cent and closed with soWe reactions The
recent advances from 20 to GOG7O for the bonds
have induced some sales of these for the
short account. on the idea that because the
State has repudiated them. the late movement is
purely speculative one. The advance, however
is predicated upon the ability Of the railroads to pay
the principal aud interest OF the bonds and not on
the ques ion Of whether the State will or will not
perform its duty "a trustee TO the bOndnoders The
United States Circuit Court has given Judgment
that the lien taken by the state. when the railroads
accepted the bonds and sold them at from 20 to 90
must lnurr to the benefit of the bOndholders. and
that the State aid bonds a first lien upon the
railroads. At all events there small amount
OF the bonds which is not held by the railroads or
by IN" syndicate which ~ presenting the claim
against them. that even small "shor' interest in
them might be badly punished irrespective o.
present prospective values he Tennessee issues
were stronger during the week, although nothing
definite has been done by the Legislature in regard
to them. railroad bonds as rule were dull specu-
latlon in them was less active than usual and the
Inve ''ment demand was almost entirely of retail
character, and was fully met by small supply.
Prices generally are easier than a week ago.
the stock speculation was irregular and tluctuat-
ing. The market was opened on Monday morning
strong and there was considerable OF d" boom" in
the prices for 2 few stocks. hat morning it was
Denver and Rio Grande which electrified the
-hOrts" by a sudden advance Of per cent. For
succeeding days there similar movements IN
o her stocks. But with the light which now shed
by the operations OF the whole week IL Is apparent
thar each and every one OF those erTatc movements
was nothing but a screen, erected 10 hide general
liquidation Of the last four weeks speculation.
Barring the speca movements referred to, there Is
nothing 10 say of the whole weeks work except
that the decline IN prices steady and progress
svc, aud that there dTe few stocks for which the
ilual figures yesterday do not show material de-
clIues lt il not probable that the lquldatiOn is
completed, but II is certain that the operations of
the last few days have created a considerable
shor; interest. Therefore he dances for re-
acton in prices are certainly better than they
a week ago. Tho transactions for the week
amounted to 2.217,792 shares, against 2,i2s, 800
shares for the preceding week, and against
2,2I9,s57 shares for the week preceding that.
WEEKLY RANGE OF PRICES