New-York tribune., 1884-03-24

The cotton speculation was buOyant all the week,
not however without some fluctuations the closing
was strong at the best figures of the week and
shows advances Of from 13 TO - points for the
present and II points for the next crop. The bus
mess for immediate delivery was small but the
price Is up 3l6 cent. The receipts at the ports and
The exports for the week were both unusually
small The statistics are AS follows: J ne re-
ceiDts at the port. last week were - go bales
against lO5, ,0G2 bales for the same week IN lSo3-
which makes the total since september l, 4,J2S-
500 bales this year, against 5,242,7s3 bales last
wear. The exports of the week were 1895 bales,
against 194,sG3 bales for the last year, and the
this wear against B. 759, 500 bales last year. The
stocks on hand and date last year compare as
follows: American ports, 7ss,9OO bales against
S8a;0oo Sins poinfs HSs II7.o90 bales, against
55i,9OO bales; Great Britain. 1,O93.5OO bales
against 500 300 bales Continent, 4l9,1O0, against
27l 600 and aloat for Europe, 63O,5OO against
$4,000 The total visible supply now is 3,OSO.-
$50 bales against 3 900. 500 bales last year but
the whole of the decline is in the American stocks;
the European supply, together with that ahoat, Is
as large now year ago.
Antlcipatious OF better and more active markets
in the iron trade have not been reaiz ed. The bus,
mess is still of hand-tO-mOuth character, and
producers seeking methods to reduce cost, rath-
er than expecting any advance III Ile price OF tHe
product for some time Cheaper coal is an important
step in that direction Steel rails are fiat, and S34 s
the outside asking figure. he anthracite coal COM
panies have acted in accord III simultaneously issu-
ing circulars of reductions IN prices for their pro-
ducct and have thus averted possible unprofta-
ward continuance or RESTRICTION IN output AFTER
this month Some action OF that kind, which
should be broad enough to satisfy the mlddIe-men
that they Will not he SWamped IN midsummer Oy
oyer-stock1ng, undoubtedly would stimulate the
placing of r1ers and lift the trade out Of It's pres
ent condition of apathy.
distribution of general merchandise, and from that
cause the drygOOds trade suffered as much or more
ever was also Light: possibly failures in the coffee
trade that have occurred fears or more 10 occur
because Of the large decline in prices may be Affect
ing the whole trade IN inducing more tuan usual
caution in operations.
The Treasuryo large payments for bonds OF the
1o5th call last week kent the money market IN its
former condition of uneXampled ease. The exports
of gold amounted u only $L32B,217 and the move
mcnt 10 the interior was small, so that the banks
Yesterday made a showing OF actual gam IN their
holdings of cash and added nearly PZ,UOOOOO 10
the surplus reserve The figures OF yesterday
statement compare with those OF the corresponding
date of last wear as follows Liabilities Deposits
iuos .ased S67. .7s9 200 and circulation decreased
92 0SJ 800 net increase in liabilities, $50. lO3 600
Assets-Cas increased S3O,99l6O specie $I0'-
40l 900 and legal tenders FL 565, 800 and loans
increased S34. 72860O; net increase IN assets 800
7lSIOO The surplus reserve now Is TS,oo9,-
l25 against deficit of 80 4Ja,O7o year ago, and
the percentage OF the total reserve TO the deposit
Liabilities now (2745 per cent? Is ABS per cent more
The foreign exchanges ruled strong and early in
the week rates were advanced y cent per l. A
scarcity of fast steamers probably limited the
amount of gold that was sent out, although up TO
last evening we hcdIu VI no cuBaScIcHtS DJ bli9
City of Chester 10 sal tomorrow, but as she VIII
not sail until o'clock p m, there ls ample tlme To
arrange for shipments. The domestic exchanges
on New-YOrk at the places named are quoted rs
follows. Savannah l-lG4 a premlum Charleston
par TO ID premium; New-Orleans 90 cents discount
for commercial and 81 80 premium for bank st.
Louis 80 cents premium; ChlcagoZO cents premiului
Boston JaS cents premium.
At the stock Exchange last week the bond
markets were more interesting than was the snare
market. The transactions III Governments were
not large but excepting for the IS, the bids for
which were y lower, the prices were strong ana
closed with gains OF g Tor the ~; ana ~ Ior tne
41os state bonds were neglected but the quota
tiOus were firm and IL seems that small concessions
in the asking figures might lead to an active busl-
ness For railway bonds there was a steady de-
mand all the time at generally hardening hgures
transact tiOus in the best classes were mostly III
small amounts. but in some OF the speculative
classes as we'll as IN some issues that scale uhder
there was an unusual amount of business DONE
aud some important advances were mace Among
those that were active and aDl5heu hgher Niues
are the following: Midland OF New Jersey hrsts
ga, and New-YOrk, Susquehanna and, Western
frsts l 3. per cent advance; Canada southern hrst
5s l lo and the second 5s, 334; Rome, Matertown
and Ogdensburg 81, 4; Wisconsin anu Mlhhesota
Isl PAM 6rsts o. and Burlington and Quincy de-
benture 5s each l3s; Wabash general 6s, zig, ana
Texas and Pacific incomes, 3ls, ana nrsts hlo
Graude division, 2l2 per cent? West Shore hrst os
were active but Huctuated within narrow limits:
The stock speculation was dull with "A tota! Of
transactions Of l,22l O5+ shares against IZoI 13l
shares for the preceding week. There were some
important fluctuations but the NOV VeInents were II
regular aud chiefly governed by local ana tempo
raTv Influences. For instance, Northwestern rose
from II75s to 100 aud ended at llSli; st. Paul
rose from 91Ss to 1914 and closed at
92ss; Delaware Lackawanna and West
and cl0,ed al I20l2 against 1854 week ago; Lake
Shore rose from 1929 TO lO3e and ended at loI"s;
Michigan Central on one-day squeeze OF he cash
stock rose from 81 q TO 93Ss and ended at Bl u
Central aud Hudson. with few fluctuations declined
from IlGlo to 1I45sH liza; Northern Pacific pre-
ferred rose from 463l to 40ls and closed at 472B,
iran sftFff IA