New-York tribune., 1884-01-04

The aggregate outside of New York is larger 'nah
ever before but perhaps not as large by aDGu'
third of per cent II would nave Oecn III tV 90.
had the houses in Peoria Portland ana ct
Joseph been added to the aggregate tor that Ae'i
But with this trning exception, the voIumg VI VI
business outside of New-Nork appears iaI IReI 'la .
il ever was before and this is by far the Desl 'eIi
obtainohie Of the aggregate of transactions oi an
kinds 1t NAV be added that the exchanges a' -, ~,
troit for the past nine months have oeen aooo of
S1O6 900 600, making the aggregate o0n Oa'''"0 Va
New-York last wear about $14. loo, ,OOO,oOo.
WILD SPECULATION AND SMALL PROFITS
The discouraCing features are, first than an unaue
proportion of the business transacted mas peon
pure speculative in character, and, second lh' ~
has been attended with slender prohts ana many
failures Speculation in stocks has been less ac'o
than in former years but speculation m ID Pbs tbe
has grown TO enormous proPofII1pnss ;s not Tnnch
sales in this market give proof. lhcfe Is hot W
snecniaton in honr and the sales last year al New
York amounted to only 46i7, ,442 barles' az ho
5,134710 for the previous year, One and the sales
were only 2,2s1 900 bushels, against w
in 1852 But the sales OF wheat al No Wv tban 10
amounted to 1,545, ,S22 800 bushels; OF noIo t otnn
three times the entire crop. of the country, T r!
against 647,147000 bushels IN 1857. Inc ~ ana
crease in corn was smaller "a, oSn seS ;r 1ss2
ond of rye A. 623 O50 bushels, against i,o9oi iooo
fbe nreyious wear. Dealings in cotton had oeeh
expanded far beyond reason long eetOIe iSv
ing to 25,570,600 bales, or abont 12ur !lie0 '0
whole crop against 81, ,04S 500 bales III 1857.
Rut the speculation III OIL mas redcHCu .lC nv g
astonishinp 6gures because so large proportion OF
tbe saies or purchases are for quick ana small
rro6ts and made by traders on the floor or between
Inherent exchanges The sales at New-l ork
and bradford amounted TO about ,249s IO,ooO OaI-
rels-mnch more than 100 times the entire supply
of oil i'm the world. During the last three mont us
the sales have been about SOC, ,000,OOO barrels al
NcwYork and about $50, 900, 600 at Oh CITY ana
bradford In addition, the Pittsburg market mas mas
had transactions probably exceeding 30O,ooO'ooo
barrels for the past quarter.
FAILURES.
II is not at all surprising that the wild speculation
of 1883 has left many financial wrecks behind IT.
The report of the Mercantile Agency shows an ag-
eregate of 9Is4 failures with liabilities OF Sl'2,-
s74 l72 during the past year, against 673S IN 1857
with liabilities of $1O1 54756i But It is to be re-
membered that the collapse of hall dozen great
snecuators i'm lard grain, cotton, leather r3' ailu
otber nroducts added to the aggregate OF laDlltles
enormously Making allowance for this, IL appears
tb9t The average liabilities of other failures were
not 90 large as usual and the fact Is evident that
+he greot nroportion was of small and unlmpOriahI
frns The fact remains, nevertheless that the year
has heen a ycrv irving one Profits have been snall
~ olmost every branch of business, even when there
! have moi been absolute losses. Speculation mas
| drawn thousands into difficulty, and has so dls-
fnrhed the markets as to make healthy ana pr0nta-
HE trade extremely difficult. The fear OF great
disaster has been over the people all the year. anu
fLev NAV well rejoice that 1853 Is ended or that
they can all wish each other Happy New Year