New-York tribune., 1884-02-04

regular, but ct tho END tho speculators were moro
successful in adv ancing prices than the grain
operators. At Chicago pork closed with en- advance
for the week Of 81 IS for February delivery, and
lard was mp 80 cents.
The results of varied speculation in cotton are
declines of from 4 to 3 points for futures and
an advance Of lie for spot. Although the
receipts continue 20 show . smaller movement now
than last year and the exports for last week an In
crease of 90 900 bales the stock in sight at Amer
lean ports is 1000 bales greater than IL was at
this date 1888. The statistics are Is follows;
The receipts at the ports last week were 112,l1O
bales-against III .316 bales for the same week IN
1ss3-which makes the total since September 1,
1881 1916 bales this year, against 4,3l9,947 last
year. The exports of the week 164. .529 bales,
against 1O2 264 bales for last year. and the totals
since September are 1885 494 bales for this year,
against 2,s25, III bales last year
The iron markets present no new features. a
falr amount of business is being contracted and
prices bold steady but il is evident that the foun-
dries in blast and tho mills still running are compe
as having Aps been Sa tons against
sSSsiS u, D5odsS. tSa' top on December 1sss Will:
S53 tons smaller than In November. II seems prob
able, however, that the month Of January reduced
the stocks someThat ON Steel rails are still Snoted
gineeriAg aud Mining Journal says;
There some delay in the Of number OF the COM
panos In filing orders for Immediate delivery although
ticay passed BY Our coal dealers and have
not during the al and winter bought heavily and
temporary scarcity relieves the monotony OF an
cverburdened market Business the whole Is quiet
are hurt by the competition OF bltumnous coal and the
growth Of the change OF manufacturers from large 70
small sizes for steam purposes Tue demand from the
East s very slack.
From Bafalo reports come that coal is pitng up
there in readiness for shipment westward on tho
opening of navigation. aud that the Delaware
Laokawsnna and Western Company is negotiating
for the purchase of several prope!lers, so that lt
may have a line Of its on the lakes instead OF
charteriug vessels TO carry coal west aud bring
Tie local monetary situation has become monoto-
nous. Capital is abundant at rates that are ridicu-
lousy low aud still the accumulation Of cash in
the bank vaults not only of New York but also az
others of the financial centres continues Tho
amount of actual cash--Specie aud legal-tender
notes-held by the banks of New York, Philadol-
phia and Boston now aggregates $l44, 100000,
and there is only less conspicuous increase in
accumulatlons at the Southern and Western eities
Yesterdays statement of the banks Of New York
compare with the statement of the corresponding
date year ago as followsi Liabilties-deposits
increased S47,S89, 100 and circulation decreased
50 041 200; net increase in liabilities, S45,sT,-
9O0 Assets--Cssh increased $23, ,430 500 specie
$12358lOo and iegal-tendeTs gal ten eno sllO146OOl,
in assets $45,sl4, 200. The surplus reserve
now ($l9, ,29S,375l is 81 ,45s325 greater than
year ago, and the percentage Of the total reserve
to the deposit liabilities 80 40 per cent is 2so
per cent more than then. The domestic exchanges
rule in favor of New-YOrk at all points: The
foreign exchanges generally showed hardening
tende ucies, but yesterday were quoted as little
easier the basis OF 81 S53 and 81 SS respectively
for long and short sterling.
Last week the Stock Exchange markets probably
attracted more general attention, not only in this
city but all over the country, than they have done
before for more than year and there were reasons
why they should have done so. The transactions
wpr large features
point of departure marked by the large purchase
by syndicate of capitalists, from the Oregon and
and Oregon Railway and Navigation stocks, at hg-
ures that while they were under the ruling prices,
We're better perhaps than could have been re-
allied for the quantities of stocks in the open
market under forced sales which were threatened.
The Importance OF the event however
lay in the development of the fact that
there were capitalists who still thought that there
was some value left IN the shares OF the North
ern Pacific system. What the immediate effect Of
lar shares is too well remembered to require repeti
tion at this early date and that effect is of smaller
importance than the later % general etect upon the
Railway and Navigation stock-the one
whose price was most affected and
which from s53s at the close saturday, January 20,
Jumped to II2 regular and 119 cash before noon OF
Monday, January 2s and which closed the week at
95-have amounted only to l1,252 shares against
dealings in the whole market for the week were
1927 900 shares against 2,627,O55 shares for the
preceding week Ihe trst effect Of the partial cor
Pacific stocks was to create feeling of uncertainty
and the general market was rather unsettled by
the operation: But later there was gradual and
steady growth of confidence which ended in posi-
tive buOyant movement. Eight stocks of each OF
which the transactions exceeded 100000 shares,
and which together furnished 1,973,lOO shares to
the weeks business are fair examples of the gene
raj movement; they were with transactions as
named and their order. the ast prices week ago.
tbeextreme range the week aud yesterday closing
prices as fOllOwsi st. Paul. 423 s22 shares at sSss,
8784, a92 4017s; Union Pacific, All 500 shares AZ
1884, 76d s29Sl7s; Delaware, Lackawanna and
Western, 1854 shares at 1174. 1ltG 1850
123lsi Oregon and Transcontlnental, 1s2,700
shares at 1874 204a 25l2G244j Northern Pacific
preferred. 177903, shares at 43ssi 4924a4 49h9
1873, 73ssa777sa77j Lake Shore, 193,50O
shares at 962, 96a10I l2G 1002. and Louis
Vile and Nashville $4,000 shares, at 45l2,
were favorable to prospects OF early settlements OF
the various disputes between the railways, both
East and West, although it does NOT appear
and it was not claimed that anything had
been actually accomplished. The general
impression, however, was that matters are
approaching q settlement, and that belief was an
Important factor in the market during the last few
daYs Prices did not stand at their highest, but
they were strong enough TO mark an unusual de-
gree Of confidence in the advance for the week.
The market for Government bonds was very dull
but the prices were fully maintained and ths bids
for tho 4l2s are ls higher. There was more doing
In State bends during tie week than had been
usual for some time before and the quotations ruled
firm There was general advance in the prices
for railroad bonds and better inquiry was noted
than heretofore, . which extended q, to
first mortgages OF the second class.
The feature of the week, however,
was the continued large dealings IN West Shore and
Buffalo, and generally at declining figures the
transactions amounted to over S9.00O,000 and tho
prices ranged from SO to 55s to 81 lsG 5lo North
ern Pacific frsts recovered from 97l2 to l00G0S7s;
Erie second consos rose from e94 10 03G924i
the Texas and Pacific issues also sharply advanced,
ss did tLe frsts of Denver Rio Grande and Western.
The following were Saturdays quotations for un-
listed secUrities
Bid Asked BID. Asked.
Allan a Pac. O. per - NJ. X. L; in sep 3eSs Al
cent Ist mtg. el 9S " Y, NJ u Tel - =.
Allan. & Pac. In. stock. 49,. oO u
comes ;..-,-;-.;.. 10 w w o. -,