New-York tribune., 1884-03-03
RECEI IPTS.

The speculation in cotton was quiet and without
wide fluctuations. Practically, futures closed the
same as a week ago. The movement in spot cotton
was limited hut holders advanced the quotations
twice, 1-16 each time The receipts at the ports
were somewhat Z, 900 bales greater than for the
preceding week, but were only little more than
half the receipts Of the same week OF 1888.
But the exports also show a large decline from
the week OF last year. The statistics as follows
The receipts AZ the ports last week were 76,4s7
bales against ,321 bales for the same week in
1ss3-which makes the total since September
l434O21s bale. this year, against 4,901.714
bales last year. The exports of the week were
7l,91S bales, against l266lo bales Tor the last
year, and tie totals since september ] are 2,0fO-
37S bales for this year, against 33I53fO bales last
year.
tlons are called irm but business Is restricted to
small transactions. In the coal trade the feature of
the week the increased effort Of he btumlnOus
interest TO secure the trade for steamer and manu-
facturcrs' sizes. Quotations at Baltimore are down
10 - %, against - 90 a week ago. In anthracite
the trade was dull, and there was some stocking Of
sThe local money market did nof present single
interesting feature. At times there seemed
To be a hardning tendency for rates, but they
nracticaIlv were unchanged ut HAP per cent
for call loans. The Withdrawals of double
eagles from the Treasury continued in excess
come TO he understood that the movement has no
other siguihcance than disposition on the part Of
bankers TO provide themselves with suitable coin
in anticipation Of then possible wants for export
IL is erroneous TO suppose that the Withdrawal of
coin by gold ccrtilcales WeaktnS the treasury re-
serve n run for gold bv greeub8cks would weaken
the reserve but q gold dollar is pledged rs a spe-
cial deposit for every dollar Ol outstanding gold
certificates and If every dollar of them were pre-
seuted and paid the amount of the reserve thereby
would not be- affected. Again the simple cXchlng-
ing god certificates for gold by the banks does
not effect their status the gold cert lhcae Is gold
coin them: If they surrender one they obtain the
OIL lf- itcfIput
Hected the movement OF money for last week, bat
it presents remarkable comparison with
with the statement of q year ago, as follows:
liabilities - Deposits increased FJ3.297s 800 and
circulation decreased S2.937 400; net increase ~
liabilities SJl,2J9.lOO. Assets Cash increased
1884 3s9 200 specie S2l ,5l5,3OO and egai tenders
Sf3 SOB 900. and loans increased B,9C6,3O0 net
increase asset, Sol, 500, 200. ne surplus reserve
now is 81 : G9g, 80 against deficit of S23l4,77J
wear go and the percentage of the total reserve
the deposit Liabilities now t3O.49 per cent? 6.24
per cent more than then.
Among the domestic exchanges, at Boston New
York funds declined to cents discount. and at
Philadelphia the rates favored a movement OF
currency from Ncw-YOrk but south and West the
rates favored the city. The foreign exchanges
ruled firm all the week with small business tue
feature was that an easier c0ndl,loh OF Iht LONDON
money market was responded 10 by an advance Of l.
cent in the rate for 6O-day sterling, instead of by
decline in The rate for sight bills.
There was more activity in the share department
of the stock Exchange last week than during the
preceding week, aud the recorded transactions
amounted to 2,6O2 264 shares, against l,JG3,902
shares for the preceding uVe business days. ne
general character of the market. however, bore evil
dencc Of an extensive liquidation of the recent
speculation. Fluctuations were frequent enough
10 make the trading interest but until Friday noon
the general inclination of prices was steadily
downward, and the declines, for the active stocks,
from the previous Saturdays figures ranged from
3 TO q per cent A feature becomes apparent IN an
analysis of the weeks operations; the preferred
stock of Northwestern and st. Paul, and the stocks
of Rock Island and Illinois Central-stocks which
DO not invite speculative transactlons-sut-
fered declines almost equal to those FOR
the more active stocks. After Friday noon,
however, there was sudden change IN the
course Of prices which explained by yester-
DAYS Developments in the Delaware Lackawanna
and Western deal. There is little doubt that that
NOV ement instigated very general covering OF
shorts throughout the whole list, which advanced
vest erday's figures over the best of Friday. But
there hardly is an exception to hnal decline Tor
the week IN esteTday last prices. Even Delaware,
Lackawauna aud Westerns final hgures ll2y' y reg
ular show decline from 13l l.. During the week
il sold down to l2Gs and up 10 1885 (regulaTl, and
cipal stocks by classes their hnal declines are
as follows: Central and Hudson, l ls; Erie, l's;
Lake Shore, =; and Canada Southern, 2i per cent;
ST Paul 81 NOrthwesie iern, 3 y; Omaha 2, pre-
ferred stock, "a and Rock Island 3l2 per cent;
Missouri, Kansas and Texas, =; Missouri Paclhci
pa Texas Pacific. and Wabash l.. preferred
stock Is per cent; Canadian Pacihc, =,
Central Pacific. / Northern Pacific, pre-
fened, lls; Oregon Railway and Navi-
CATION. 5la Oregon and lranscOntlnentAl, Ss
Manitoba, "a, Union Pacific 3l2 per cent; Central
OF New-Jersey. Ils; Delaware and Hudson, -