New-York tribune., 1884-11-24
MONEY IND RTSINESS.
course.

No uncertainty as to the result of the Presi-
dental election has existed during the past
week, but il is uncertain whether the markets
have vet felt the effect of the decision. For the
markets have been very undecided and hesiat-
ing In stocks. there have been days oil great
strength and days of decided weakness, but the
net result for the past week has been IN advance
in some shocks and decline in others. Among
those that have advanced more than fraction
may be named Burlington and Quincy. North
western. St. Paul. Kansas and Texas Lacka-
wonna. Jersey Central and Pacific Mail, but
oeninst these seven nny ne named four that
have declined more than fraction. Lake shore.
Rock Island. Union Pacific and Manhattan
The sales were about 10000 shares less than
for the previous week, and the public still de-
cincs to participate IA freely rs brokers desire
Nevertheless, tho general tendency OF the
market was toward better prices notwiih-
standing the decrease in activity. The fact
that prices arc so maintained in spite of the war
of rates and the closing of some manufacturing
establishments, is differently interpreted; by
some as evidence that better condition of
business is coming. both for the railroads and
for all industries by others ~ evidence that
the great operators are anxious to lessen their
holdings. and are forcing prices until they can
get other people to take more of their stocks.
In the grain market similar ndecision has
resulted in lower prices for corn, November
closing at 1884, against 5lai n week before. ~ Il
sightly lower for December wheat, which
closed nt S1ls, while January slightly nd
yanccd Oats were without change. Lard has
been rather lower and mess pork has declined
to 1913 30. Coffee strengthened To 10 cents Tor
Rio fair, but there stopped, and raw sugar has
declined n shade The most important change
during The week was In cotton which rose to
~. ~ for ni,lling uplarids Reduced osti-
mates Of the coniing rrUp and revival OF
sprrulalive confidence nrc the rarses though
the receipts continue large, The exports last
week reached 1919, 900 bales AMI FOR the season
thus far have been i5U 900 bales larger than
iur the corresponding time last year Print
tlyl,s responded Nv an advance tb Dia, but
olhpf tuituh goods lid nD, ihUhsh large sales
wp,p prreini. The dtt -sU0is market generally
VIA in8ra aeits though tho trade ~ WoSlleh
gnnis was nal ennsideied hf any mans sails
factory
There ale fnn0fs that niirss nf Lphith
fniu,iry iron are ~ he 0penli reduced, in oihei
tn retain control 0f The market against hoNthefh
competition, iint no change Is reported as yot'
aud only one considerable sale 0t Southern iron
is mentioned. Meanwhile, tho card tate on
merchant bar iron has been reduced to 30, to
20 into effect next month"; aud iron nails are
selling at 50 o. while it is rumored that in
some sales, of which terms are not made pub
lie, the actual price was - or lower. Steel
nails are selling ut 81 -, and n large sale OF
steel rails il reported at terms equivalent to
about $27 at tho works. The reduction OF
wages by many employers, and the closing OF
other establishments, only indicate the belief OF
many buyers that, either through change OF
tariff or in some other way still lower prices are
to be reached, and yet it is the general testi-
mony that even at present prices good many
mills and furnaces are losing. and must soon
stop work unless there is improvement. Any
further curtament of the production of pig
iron, one would suppose, must check a further
decline in price. The capacity of furnaces in
blast according TO The Iron Age, was littlo
larger November than October l. but only
&c, 0S9 tons weekly, against 1915 June l, and
there Is probability that the output has been
decreased since this month began.
The closing Of the Metropolitan Bank was not
an event to occasion nny disturbance or alarm;
it was by NIL reckonod as mere acknowledge
ment of the irrcparabe injury sustained prior to
and during the May panic. The number OF
failures during the week, however was unusu.
ally large. and tho continuation of low prices
and dull trade. together with tho depression in
manufacturing. make the season q peculiarly
trying ono to many. Tho banks continue to &C.
cnmulatc unemployed money, the reserve