New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-12-24

There was considerable activity in the cotton
speculation and prices iluctuated some 10 TO 10
points closing shade lower for the December OPP
ton hut fIom7 to 10 points higher for the later
options The receipts at the ports last week were
smaller than for the preceding week. and smaller
than for the week Of 1SS2 and the exports, al
though larger than for the preceding week, were
SMALLER than for the week of 1882. The stocks on
hand are unusually large The statistics are a. fol-
lows: The receipts at the ports last week were 2f7,
1873 bales against 2Js 40 bales for the same week
in 1882. which makes the total since September !,
32I4 GG4 bales this year, against 3,2O3.J30 bales
last year. The exports of the week were lJOs14
bales against l77GSG bales for last year, aud the
totals since September are 81 ,3OG bales for tins
year. against 500 or bales last year. The stocks
al the ports are 12i2,41O bales. against eo32Ol
bales at same date 1882 and at the interior towns
are 379, G2S bales against 295,GO7 bales.
There is no change 10 no;e in the general stna-
ton Of the iron and coal interest. Prices ruled
steady at recent nations but there Is liitlc more
tban a hand-to-mouth business dong The more
reasonable weather Of the last few days has stimu-
lated the demand for domestic sizes Of coal; but
as second hands were well filed with stocks, this
demand hardly Affects the present trade of the pro-
duccTs.
The monetary situation last week presented no
perccptible change; if anything, money on call
ruled easier and at lower rates than before. Little
il doing in time loans but heard OF some small
transactions at per cent on pledge Of Stock tx
change collateral, aud AT 3l2 ON Governments
Yesterdays bank statement which was rcGard'das
favorable because II showed gain Of i G}s 10 TO
| the surplus reserves, was made up on declining nv
erapes for all the items. Tho statement compare,
with that of same date Of $50 as follows Assets
Loans now are $ls297,7OO greater; specie is
! 81 80 500 more and the amount Of legal tenders
| ~ S7.sOf 900 greater total cash, $9.319, 500
| qreatcrl Liabilitcs-DcpOsits are now S}OoO,.-
300 greater. and circulation is %2,739, 500 less
The surplus reserve, measured by the rule of % per
cent 10 deposits, now is $G,S0i,7JO against So
90 175 and the proportion Of the total reserves to
tbcdcpogt iabitiesnow (27.1i per cent is0.53pcr
cent less than at date 1852. Money continues active
at the Western cities because of the vast amounts
of produce that is being stored there At Chicago
wheat is being stored on board of lake vessels at
agreed rates which include the freight money for
carriage 10 Buffalo at the opening of navigation
next spring. Yet with that speculation embargo
upon free movement eastward, the exchanges at
the Western cities rule against Ncw-York. and are
drawing money from the East A free export move
ment of grain and produce would benefit the rail-
roads and quickly reduce the unhealthy plethora
that rules ia our local money market by proita-
bic employment of Improbable to tho whole coun-
try Money this week, however, probably will
work more closely, that is, will be worth higher
rates for temporary use without any approach to
strinccncy. The preparation of corporations to
nav their usual semi-annua dividends and interest
will temporarily reduce the amount of funds
now available for call loans, and such money
does not as a whole, find its way Immediately back
to the loan market; u large portion of it has to
make the Journey through the meat shops, groceries
and retail establishments of all kinds 10 the whole
saer before il again becomes available for loans.
The Stock Exchange markets last week enjoyed
a spasm of activity, accompanied by rapidly adj
vancing prices, but as the principal motor was the
action of recognized bears" who largely covered
their own shorts the depression of the pre-
cedng week, and the motive of their ac-
ton was to drive out q large and scattered
following, the movement hardly covered
two days business and may be said to
have reached its limit by Tuesday noon. OF course
| there are some exceptions. That Of Union Pacific
is especially nOticeabe that stock declined g per
and the other stocks that had suffered the greatest
declines on the preceding Friday and Saturday were
| booming, and it's advance toward 1912
hardly began before the other advances
| had eliminated After 1898 and 1919
| Union Pacific closed at 764. or = per cent
| higher than q week hgo. Oregon and Transcon
tinental so d up ga per cent 10 Al and closed the
week at 35s4; Northern Pacific common recoveIea
from 237 TO 27os and closed at 26is the preferred
| Oregon Railroad and Nayiga ion was rom
| 100 10 no and c,osed az 1909. The