New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-01-07

Smaller receipts at the ports Of cotton stimulated
the speculation in that staple and under an active
buying to cover shorts, tie prices for futures were
advanced some lO0l5 points, followed by later
reaction of SAL points. Spot cotton Is 3-l6 higher
than a week ago; yet the exports show only
smaller decline than the receipts The statistics
are as follows: The receipts at the ports last week
were 1862 bales against 22tJ97 bales for the
same week in 1852, which makes the total since
September l. 3,jjG,0j2 bales this year. against
3.6s6.450 last year. The exports of the week were
1894 bales, against 1sS.2l6 bales for last year
and the totals since Sept m5er are 1850 GA bales
for his year. against 2,270,203 bales last year.
DESPITE of rumors well circulated for effect at the
Stock Exchange all the authorities agree that there
is vet no change in the iron aud coal trades. There
is no room for further decline in prices for iron, and
if the demand does no. soon warrant small adj
vance further slrction of production will become
a necessity. Ihe announcements of restriction OF
the output Of coal to three days week TO three
months has had little effect upon that trade. Real
prices remain unchanged aud the stocks are large.
The week passed with scarcely a ripple in the
local money market On Monday, December 81, it
is true that for short time the rates for call loans
at the stock Exchange ruled at lao per cent,
bid even on that day they closed at 3 per cent ana
since then have steadily worked easier down 10 y
pcr cent he rates for time loans continue TO be
IA per cent and for such mercantile paper as
passes at all the rates are 5l2G6l2 per cent. Inc
domestic exchanges on New-fOrk ut the places
named are quoted as looTS aaTah1 a. par pa.
New-Orleans 81 discount for commercial ana par
for bank; ST. LOUIS 80 cents premium; Boston
l28 cents premium. Ihe movement OF money
10 the interior was comparatively small, and was
more than offset by the Treasury payments here;
SO that yesterdays bank statement made COCO
showing In all it's items except the increase III
loans which was principally because OF additional
accommodation to spectators The statement
compares with that of the same date OF 1888 az
follows: Asseta-Loans, now now oa are @l3934'SOQ
greater; specie is $2,72i2OO more, amt
the amount of legal tenders is $7G17,sl0
greater Total cash $40, 900 greater. Liablh;
circulation is -, $50 900 less. The surplus reserve
measured by the rule of 20 per cent to deposits,
now is IS 211 $50 against Sl,637 20 and the
proportion of the total reserves TO the deposit la-
bties now (27.4S per cent is LIS per cent more
than at date, 1882.
feature but ruled strong and closed on the basis Of
~ s22 and 81 s54 respectively for long and snort
The Stock Exchange markets opened the week
with a heavy depression in nearly all classes OF
securities but since New Years Day the markets
generally made good reCOveries IN fact followed
the exact course of the markets IN the first week OF
January last year, and of almost every preceding
year Ii anything the demand for relnvestments was
smaller than usual, but nevert heless IT wa; made
the occasion of speculation fer higher
figures. In which there was a sympathy Of
accord between the " bears" and bulls he news
York and New.Eugland Railroad Company was
placed in areceivers hands; Ohio Central detaulted
ON the first mortgage bonds of its main line; the
Chicago Burlin gton and Qulncyan the lines OF the
new Western Alliance seem to be as far apart as
ever the rates for eastOOund ireights by thetrunk
lines was reduced 70 basis OF 70 cents Tor gralnrOl
Chicago Wine hmeans real rate OF 56 cents the
Delaware, Lackawanna and Western line refused
to accept its allotment OF percentage III the west
bound pool and some Others OF the Trunk lines
called for revision of the aiOtments made by the
arbitrator on appeal taken from the Commission
ers award; the West Shore line opened Tor business
10 Buffalo Chicago and all other western points
the Oregon and fransCOntneEtal examining COM
mittee made report that was notable for ITS lack
of any valuable information, aud the Northern
Pacific directors issued an estimate Of the result
of its business for year 10 end June 80, the pIn-
cpal features of which are thar the estimate for
the six months from January 10 June 80 puts the
operating expenses at Si0s, 600 less, than were
those items for the six months ended December II,
1888
Government bonds were an exception to the gem
eTal run of the other markets after January
they were weak, and the final bids show de-
bonds presented no features For some - the Dest
classes of railroad bonds there was limited retain
demand and there were some improvements IN
prices. The feature of that department. however,
was the West Shore 5s which after the recovery
from last weeks decline sold down 10 90 eX inter-
est and closed at 6jl2. Erie seconds fGll TO ~,
but recovered % 027s. The bonds of the Northern
Pacific and its allied lines ruled weak, out closed
| with some Tocoveries.
When il il known that the depreciation in value
of shares dealt in at the New OTk Stock Exchange
! as represented by the final figures of December 81
! 1852 and of December 81, 1888 after deductlng
| an apDreciaton of NJ GG2 2h7 shown by few