New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-08

Totals, tSns........-....... SASH 2s.4S3 t5.7l6
The iron trade is stIIl dull and the disposition Of
some of the wealthy makers is 20 force further
REDUCTION IN the production With that purpose
the Thomas Company last week reduced its prices
10 $2l and $40 per ton respectively Tor No. and
No. z pig The reduction VI the price of cOal made
by the Delaware and Hudson Company last week
was more Imaginary than nal Readers OF INF
TRIBUNE have been kept advised OF the fact that
schedule prices of coal were nominal. The method
by which the DeiawarN and Hudson made what
before bad been - traio-Secrer public property
probably was luStigatod by some special reason.
Perhaps the company discovered that one or more
of their large ana special customers had been filed
up by one Of the competing companies and that,
therefore; It's policy was probably 10 let 1t De
known that the company had c'al tor sale at
decker" prices. The publicity. however, ought
TO be OF some service 10 Consumers. as heretofore
the benefit of the companys reductions have been
to the sole profit Of middle men.
The local money market for call loans developed
no new features. Despite a bank contraction OF
$37Oi 100 IN loans, as shown by Yesterdays state
mentthe rates ruled at 2G3G p cent on pledge
OF usual Stock Exchange collateral. Rates for tim5
loans and for mercantile paper, however, are ana
per cent respectively, although it is reported that
the Produce Exchange made twelve months loan
for 81 25OOO at 40 per cent he reasons for the
extraordinary Plethora OF money still! IS agitatlng
tGe minds OF thinkinG persons ana among ine
theories which have scn advanced Is that II IS due
t. the issue OF Treasury silver certificates IL IS
true that the amount Of outstanding silver cerIh-
Gates on October was P7s92L98l; but tast spm
~ Only Sl0IlIlSl greater tlau n was on DctoDsr
,lSS2, willie the Irra>urY's no ding of silver dol
lars has increased from I02 22s.Gl9 90 $l145S7,-
372. The domestic exchanges worked steadily
against this city; the latest quotations at the
places named for checks on New-YOrk are as fol-
lows; Savannah 3s0 y discount: Charleston, l4U
ls discount; New-OT.eans 81 discount FOR com
mcrclal and II premium for bank; Boston, 3OO7
cents discount. TIE FOREIGN exchanges were easter
and rates were reduced 1 cent to the more be-
cause of an absence Of mercantile demand than for
any increase Ia the supply OF bills. Quotations for
business at the close were on the bass OF III SlA
and - s4l2 respectively for long aud short
sterling.
OF the Stock Exchange markets of last week there
IS very lttle to say addition TO The l3lF re OlJS
printed IN this column. While the stock sDcCula-
tlOns effected many fluctuations the general temper
steadily toward lower prices dlsplts some
strong Efforts that were put tOrth 10 turn the llhe
The movements generally were dull; two DAYS
recorded transaction OF over l,lOOOOD SHARES, yer
the total for tHe week Is only Z,ZITZOU shares
against =, l7Z.iOO shares Tor the preceding week
The weeks declines range from 30 JU7 pr ceut,
the latter tor northwestern preferred ani are gen
er4l to the whole list. The Northern Pacific At
iracted large portion OF tn, dealings, hut tuelr
declines from week ago are less conspicuous IMAM
they had been IN preceding weeks. lie market
generally closed al about the lowest figures Of the
week.
Government bonds were not active. There early
was a decline from the eXfrcm" advances Tor the
IN the iinat bids are IS per cent advance Tor the IS
and Is per cent decline for the IS. The feature 81
the dealings IN state bonds was the drop OF 3J1 fU
per cent IN the Arkansas railroad issues consequent
uDUn Justice MIllrrs decision adygr5' TO tins bond
holders suit. Railroad bonds spasHOllCaiy
classes OF speculative kinds. West SaOrc ana BHt-
talO gold o, were exceptionally active aud b,guer
The following are Saturdays quotations tor
unlisted securities: