New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-11-10
rv,vv opx DAILY TRIBUNE, MONDAY, NOVEMBER 10, 1884
than 70 prevent any vigorous movement either

than 70 prevent any vigorous movement either
way for time.
In the grain market also, further depression
occurred, November wheat dropping from
S1a4 cents to SOl2 cents, and corn from 527s
cents to 511i cents, while oats were cOmpara-
lively steady. In the cotton market, on the
other hand, there was trifling advance. Print
cloths have been steady at the lowest prices
ever known in the history OF the trade for
sixty ours about 800. The demand for cotton
goods has been exceptionally light; dress
goods have been quiet, and wOOllcns very dull.
The market for coal has been improved by an
increased demand, though the so called snspen-
sion seems to have no great effect upon the out
put, and the quantity shipped from the mines
for ten months ofthe year was only 6.7 per cent
less than for the corresponding months last
year. Tho iron business has not changed, nor
oan much Improvement be expected until there
ia n more satisfactory market for railway Sc
curtics.
At no time IN the history of New-York,
another journal remarks, "has it been 40 diff
cult to make safe investments OF money" This
In i'm part because at no other time have investors
been 50 disposed to regard offered investments
as unsafe. There IL real and considerable
ahrinkagc In the demand for money to be en- =
ployed in industries or in Legitimate commerce.
The demand for use In speculation shrinks be-
cause lack OF confidence has made speculation
shrink. The great cause of accumulation OF
unemployed money IA the prevailing feeling Of
| investors that the railway, telegraph and min
ing securities arc not exactly "secur-
ties.' and tho apprehension that depression
IN manufactures viii affect tho operation Of
railways and tho employment of labor. The
idle reserve now IN the banks amounts to
Sll3,i66. 800. having increased not less than
Sil, 100000 since tho middle of July. during
the very part of tho year when tho reserve
usually decreases greatly. The increase In de-
pOsits has been $l7,5OO,OOO, aud in surplus
reserve $40, 332, 475. Gold is still coming
from Europe, though not in large amounts, the
Bank of England having raised its rate to five
per cent to prevent the outflow. The meeting
of associated banks for the purpose OF agreeing
upon II reduction in the interest on deposits
came to no result President Coe moved that
no interest whatever should hereafter be al
lowed, and this measure, however wise in itself,
| was apparently regarded with dsfavor by the
n'aiority, for the meeting then adjourned. III
the banks choose to invite money hithcr in I'M
limited amounts then TO be employed, as much
OF it must be, in speculative operations they are
likely to be altogether at the mercy of any real
| unreasonable alarm among the country banks.
The exchanges for the week ending November
Indicate very heavy decline in business in
| comparison with the corresponding week last
year. both at Ncw-York and elsewhere. But
the decline outside of New-York was less than
half as great as the decline here the aggregate
at all clearing houses being $235,200, 1874, a
decrease of 1876 per cent. The heavy decline
in prices of commodities and securities since
last year accounts for large part of the shrink
ago in values paid through banks, but there
has also been considerable decrease in guam
| titles exchanged.