New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-20

itGl is still abundant and later rates fell back To
per cent. The Secretary Of the Treasury has
issued the unnecessary order thaton each Wednes-
day, beginning with August ~, the Treasury VIII
redeem of the 121st call, to mature November l.
any part of So, 900 900 without rebate of interest
from November 1. This will not hasten the re-
demption of the bonds unless money becomes more
valuable in the open market; and If 1t should 1t Is
questionable if The same amount of bonds would
not be presented under the original call-payabe
with interest to date Of presentation-as there will
be by the new order offering to present the holders
with 2l2 months interest. 1t is the old story.
furry in Wall Street seems to call for immediate
remedial attention from the Treasury officials. The
domestic exchanges on New-York at the West have
turned against New York and are drawing some
money from here. The foreign exchanges were
weaker, more because of an absence OF demand than
from any additional supply of bills. Yet. sooner or
later there must be mercantile demand TO cover
the settlements fer our large imports OF merchan-
disc The bad showing of the Boston failures In the
lrather trade and additional failures IN mercantile
circles were not without effect on the market for
mercantile paper Greater scrutiny was observa-
Bile, and rates were firm at 52G6 per cent for best
names.
Al the Stock Exchange there was an active mar
ket Tor stocks all the week. The sales aggregate
2497.74l, against / 913, 526 shares for the preced
ing week. There. however, is little to be added to
the daily revenues of the market. During the first
two DAYS there a continued heavy pressure to
sell tho whole list and prices declined sharply with
large transactions. The decline practically Gull
minated Monday night but Tuesday saw lower
prices for some special stocks when the announce
ment OF the failure Of George William Bailon d.
lngs continued to exhibit evidences of
feverishness and uncertainty. although prices
generally were tending toward Improvement. In
guestlonably large liquidation OF certain specu-
latve interests has been accomplished, and fortu-
nately with only one important failure among
brokers' During the last half of the week the
RDeculatiOn tho =" GhOrtv side Inundated To
a very large extent, and its progress in that di-
rectlon was marked by the steady declining volume
of business from Wednesday with advancing
prices. Dating COMPARISON of prices
from Saturday a week ago. when a material
decline had already been made, the majority
of stocks show not only full Ieeoyeries but gains
tions showing declines are: Mutual Union, i;
Union Pacific, rs; Pacific Mail, 1l2; Manhattan
nOis Central and Denver and Rio Grande, each, 27s
and Oregon Railroad aud Navigation. 8 per cent
Outside of the marked depression in the stocks OF
the Northern Paciiics system and of the South
western railroads decline from ~ 10 7l3i and
recovery to 7Sa4a7Sls for Western Union
special feature of the week. And yet, with all
sold was only 1S5,6si. So far as the Indications
are trustworthy, they prognostcate a dull and
rather steady market for a little time.
Government bonds were dull and presented no
special features. but the prices were higher, bids
advanced ls for the As, Il for the 4l2s and d
for the 81. In State bonds tho business amounted
TO almost nothing. The market for railroad bonds
was principally confined to the issues which are
speculative, and for them prices fell and recovered
with the share market. The demand for Investment
hardly less than IL Is now, and quotations
for tho Old rstclass securities are steady because
none are pressed for sale.
The gross earnings OF the following railroads are
reported:
MISSOURI PACIFIC.
1852 1888 Difference
Number Of miles sy2 l.O25 Inc. 1913
second week inAugdst e2nO.9ul S2Ol,bl1 Inc. SOLO
May l 10 Augusl IA 325J.lgO 3.4iL6j5 Inc. 26l,46S
MISSOURI KANSAS AND TEXAS.
1882. 1888 difference
Number Of miles. 1870 1880 Inc. $50
May to Aug iS' i,cGi.473 2OIs777 Inc Sj7.3o5
INTERNATIONAL AND GREAT NORTHERN
lss2 1888 Difference,
s Nav S 70 Aux Aug s55s o55 In Se 1871
ST. LOUIS. IRoS MOUNTAIN AND SOUTHERN.
Number Of, m.. 1857. e, i'f sc Inc! Differences 8
NAY 10 S, &as aug I5575 o73 Inc 1852
TEXAS AND PACIFIC.
Iss2 lsS8 DiGercuce,
a. s'o 4as N Avg isoS5 ss Inc : 5s5
WABASH. ST. LOUIS AND PACIFIC.
1882. 1883. Difference.
s Nae S xa IN aug 1880 Ss55ss Dec I55S3s
LONG ISLAND.
San &as aug l555s l5i6Si5 Inc ~ 20
81 LOUIS AND FRANCISCO.
Number Of miles, 597 col 532
S ss 10 S Sas o s Aug iS5qS9 lS85oo 23SSVO