New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-21

are 2,25s 1853 bales for this year, against $685.
little better demand for iron is reported, hnt it
is not sufficient Ia warrant any advance IN prices
for the raw manufactured article. In fact, 10 ~
the current quotations. The little spirit in the
coal trade, occasioned by the extreme cold
sided and the markets quiet without any
special features The output OF anthracite coal for
the first twelve days t OF J2nsa dSsa Was Was ss9
time of 1888 Yet the stocks at tdewater are full,
and reports from the Western distributing points
complain of g,utted markets The stock Of Chicago
on January l. was 229,420 tons Or sO073 tons
mere than the stock of January ], 1883; and the
increase at Milwaukee is said to be still larger than
The movements of dry goods last week were only
moderate for the season and are reported TO have
fG feature e ade W
peTempt,ry auction sale Of 5000 cases Of staple
2oDds-ticks denms and cheyiots-" at prlces thab
entalled , severe loss upon the manu-
facturers." Yet the sale was followed by
reductions IN the prices of other makes or mo
same class OF goods to meet Tie current market.
The situation is further exemplihed by the fact
that this seasons dress ginghams were opened at
cents against l0l2 cents last season.. Yet the inn
been 1900, 600 greater than for the Same tiInc Of
1883, and only $l,100,0o0 smaller than for tho
1t was hardly possible for the local money market
to present condition of greater tnan if did
during the week ended January II; but last week
there was even greater supply of capital for loan,
although few lenders considered il worth while 10
press their offerings below q per cent, which
the rate at which the bulk Of call loans o. the
Stock Exchange were made. The domestic exchanges
havo steadily ruled in favor of this city, aud that,
together with the disbursements of Government,
which are running far ahead of its receipts has
caused an accumulation of money at this centre,
which we think never before was equalled Yes
terdays bank statement showsd e t9,ai Zoo cash IN
surplus reserve of Sl7,2s4225, or nearly
double that of year ago. Inc statement COM ON
pares with that of the same date OF 1883 as fol-
greater; specie is ,$7,692,oCo more; and
the amount Of ga ds9 o Is SoI 4GG
ties-Deposts are now 1921 400 greater. and
circulation is 1904, 800 less The surplus reserve
now IS aa against $s67475 but tho
proportion of he total reserves TO the deposit la
bilites now $50 per cent Is only 219 per cent more
The foreign exchanges ruled higher and strong
all the week, with the result of net advance OF
/ u cents for sterling This condition has been
foreshadOwed for some time, yet the rates still are
good deal below the rates that will make gold
exports possible Perhaps the last cents on the
up turn will prove to be as hard to accomplish az
was the last / or cents to the specie imports
point; SO prophets of an early large out-going OF
should have done when predicting large gold I'M
ports few months ago. Yet u IS trne mat me
tu1bance abroad might exert an immediate and
important effect upon our gold reserves.
Despite of the early given assurances that values
should be sustained; despite rumors and facts OF
arrangements, that postponed an open fight, II they
did not definitely settle the difficulties of some OF
| the railway pools, last week was blue one at the
Stock Exchange. The stock market was lit lie more
than trading back and forth between regular
| operators. The public would not come in, SO its
fluctuations were infiuenc by the incessant circu
aton of conflicting rumors and reports, and partly
by stories of the formation of new combinations 10
| hold the market and advance prices; Yet
declines that carried figures to lower levels
| than before The principal rallying-pont Of the
week was the announcement on Thursday after
noon that the Delaware, Lackawanna and Western
Company had agreed TO arbltrate its differences
with the trunk line pool. and on the covering of
shorts" there followed sharp III prices
The whole matter was said to have been settled
| aud peace was assured. second sober thought,
| that at first exhibited IL was realized that
the first step was the procurement of an order from
the court at Buffalo compelling the western lines TO
| those of the Central and Hudson, and
| that it was after that was known by officials in
| New-York thar the arrangements were made here
| for arbitration. In the meantime the Delaware,
| Lackawanna and Western, in the continuous move
ments of its traffic had accomplished all it asked
! for. 1t was further realized that the proposed
! arbitration, which may be indefinitely postponed,
| is one hat is not TO be made by the rules of the
pool and that after is made 1t will have no more
| binding force upon the Delaware, LackawGnna and
Western COMPANY than DID that co.mpanys agree agree,
| ment last November to go into the pool, which
implied that il would abide by the pools rule All OK
this created the not illogical impression that il was
| not the Delaware Lackawanna and Western Com
| measure destroyed whatever of usefulness tho
| arrangement might otherwise have mad as a lever
| TO advance prices. The transactions for the week
| are reported al 2,445O4 shares against 1,7117l6
for the preceding week; but i've stocks contributed
| to last weeks business more than onc-haf of the
whole: St.Paul 3i3, 600 Union Pacific 267 600 Vest
| ern Union 23l 900, Oregon and lTansc0ntinental
| 222,0O0 and Delaware, Lackawanua and Western
2l7 900 shaTeS-tOtal 2S0, 900 shares. Exceptions
ally Illinois Central closed per cent and Canadian
racifc,l % per cent higher. The principal declines
by groups are as follows; Central and Hudson, 2;
| Lake Shore and Erie, each Dis and Canada South
Uniion Pacific, 49,, and Denver and Rio
Grandc. 81 per cent wabash preferred S,sj
Louisville and Nashville each gig; Missouri,
Kansas and Texas 3ls; Missouri Pacific, 3's;
| st. Paul and Manitoba, each per cent; Della.
| ware Lackawanna and Western ls Central Of
| New-Jersey, %, and Readin-, 2os; Northern Pa
Northern Pacific preferred, 5l2, and Oregon aud
| Iranscontnental, rs per cent; Pacific Mail, ia,
and Western Union, 3is per cent.
| Government bonds continued strong at advancing
figures although they were inactive. The bias ara
higher for the As and Is higher for the 4l2s. The
market for railway bonds generally was unsettled,
except for those classes which securely locked
up in the boxes of investors; but even " them tho
supply, at current -, figures Is equal a. to
| the demand The West Shore and Buffalo
tions for the week exceeded $25 900 600 and their
price declined from 57l2 to 497s, and after rally
to 543i closed at 521s Yesterday short inter-
est was developed by sharp borrowing demand.
Erie seconds, Missouri, Kansas and Texas general
u.s. and the issue of Texas and Pacific also were con-
The following table shows the tons and percent
ages shipped, by each of the railroads east Of Chi
cago of Hour, grain aud provisions for the week
ended last saturday, in comparison with the same
Weeks ended Jan Ss2 r. ro0i s S. Tons. ls 81,
aenlgea lSS central mt S% Ss tsS sii5 ~ ss;i 5sSS
F FoTt ssSTS is SSS 10 iSss ~
5 ONO ss 81 5 7 ss i 81 s ;Ss i g