New-York tribune., 1884-01-14

HESF5gTs. %5s1s Corn. o,t.
Week ended Dec 22 bush 59J559 2o5oSoo sss3i53 53
": :$ss Rs $$: Ss3
week ended Dec. % bush. s8s9lsi eol9lo 2sl.5s9
week ended ] Jam lS buss Sndn 4sS356 lSI760 9S5
The speculation in provisions however, was well
sustained and after some reaction from the best
figures pork shows an advance Of 10 cents and
lard decline of 5cents; but of these articles the
export movement was comparatively light. There
was fair outward movement of petroleum.
The cotton speculation was duh all the week out.
but after some wide fluctuations futures closed
with gains of 8 to 10 points and spot was 1-16
higher on the small receipts both at the ports
and interior points. The statistics as follows:
The receipts at the ports last week were 9O,245
bales, against 1882 bales for the week IN
1888 which makes the total since September l,
3,647207 bales this year, against 3,S6l,sI1 last
year. The exports of the week were 1876, 30 bales,
against 16S 6G4 bales for last year, and the totals
since September are 2117 424 bales for this year,
against LABS 957 bales last year.
The glowing reports at one time during the week
of q marked improvement in the iron trade seemed
to have been specially created for Stock Exchange
consumption. All the authorities agree that the
condition is no worse but that the trade is still
improve than to decline further The price for
stee rails is still S3j which is as low as they have
been except in one or two special instances. The
extreme cold weather Of the early days of the week
stimulated distribution of domestic sizes of coal;
otherwise that trade is unchanged. With first
hands, the spring season for general dry-goods
opened with flrinquiry from Western and South
ern jobbers standard makes of fancy prints opened
at the low price of cents.
The local money market last week was excessive
" pethorc and rates for call loans, on almost any
thing that has Stock Exchange quotation, ruled at
"a percent good proportion Of the business was
done at p per cent We heard Of one instance of
round sum of money seeking 0rcgonand TranscOnti-
mental stock as collateral with the hope of secur-
ing q decent rate for it's use. The do
mestc exchanges generally were favorable
to this city, and the receipts la gely exceeded
the amount sent away; so that with $2,436.254
gained from the Treasury yesterdays bank state
mcut made the remarkable showing of a gain of
81 OlJ.JO0 in cash and a surplus reserve of
%l41J1 80. amount 0f surplus thar has not been
equalled at this season Of the year since January,
1879. The statement compares with that of the
same date of 1883 as follows: Assets-Loans now
are Sl2006,0OO greater; specie Is Sj,j92 400 more,
greater total cash $13, s6f300 Greaterl. Liabili
ties-DepOsts are now $50, ,333, 700 greater, and
circulation is $2 SOS 400 less Ine surplus reserve,
measured bv the rule of % per cent TO deposits,
now is S1415l ,575i against 81. So 700, and the
P6oF0n liabilities n' no% 29s per TO ceI lng
ia 63 per cent more than at date, 1883.
The banks Of the country are slowly meeting the
great plethora Of money by contraction of their
circulation. Since December 30 the amount of
bonds held by the Treasury to secure bank circula-
tion has been reduced 81 ,54S, 800 by the with
drawal Of 81 379, 800 and the deficit Of 1891 800.
Supposlng that the deposits were for new
circulation and not for exchange of other
bonds withdrawn, the Withdrawals require the
or in anHo
or of coin. The outstanding bank circulation since
December 80 has been reduced only S92. $40. The
foreign exchanges rned strong all the week and the
rates were advanced but st the end were easier on
the basis of $ 50 aud : ST. respectively for long
and short sterling.
The Stock Exchange markets last week were very
much unsettled. There was news of public
character at the beginning Of the week that was a
stmulant to the share speculation yet the opening
business was conducted with such apparent con-
hdence that il came to be believed that there was
private information that was contradictory of the
published reports, and for day or two there a
strong, if not buoyan market. The principal deal
ags were confined to few special stocks, and only
IN those few stocks were there any marked advances
Union Pacific Missouri Pacific, st. Paul, Canadian
Pacific Central of New-Jersey and Michigan Cen
trail were the leading features in the way of adj
vances The two last named stocks, however were
not active and their prices were higher only on a
squeeze of the short interest. Later st. Paul,
Missouri Pacific, and Canadian Pacific lost more
than their early gains so that Union Pacific
is the only active stock that shows any gain in the
weeks business. There were daily reports of pro-
gress toward settlements of the railway troubles
both at the East and West, but in every instance
sucn reports proved to have had little founda-
tiOu in fact. So after while operators lost conf
dence in the daily rumors and the business dwin-
died to small amounts. The poor returns of the
railways for the first week IN January also was a
dscOuragug feature, although II is recognized that
the losses shown are partly due 10 interruption by
snow. 4 fair comparison Is made by giving the
figures for three years (Which lHE IRiBCNEa always
does when il Is practical, as well as tue mileage of
each wear when changed but even that was un-
Ioat he tNfa aetio in,
stocks for the week amounted 10 l,7ll,716 shares,
against .s6Ol7S shares for the preceding week
II davsl Oflast weeks total Union Pacific furnished
III 800 shares, It. Paul 226,lOO shares and Ore
gon and Irauscontinental 2l7,9OO; total for the
three stocks sGlGOO shares, or nearly one-half of
the whole. Union Pacific closed with final gain
oil 2l2 per cent and ST. Paul and Oregon and Trans
continental show losses Of = aud ~ per cent
snertiyrlv Except Michigan Central the trunk
line shows losses of from 5 for Canada Southern to
10 for Central and Hudson. Oregon Railroad and
Navigation shows hnal decline of 4l2 per cent,
Manitoba of l2 Reading of l2, the Omahas of 2as
and per cent respectively for common and pre-
ferred aud the Wabashs of ! a and per cent re-
spectlyely for common and preferred.
Government bonds were not active, butthey were
stronger and the bids are higher for the long date
issues per cent for the Is aud per cent for tho
44s,
bond market was the extraordinary large dealings
in West Shore and Buffalo IS, and the sharp decline
in their price, The daily recorded transactions and
the ranges OF prices during the week were as follows
Monday, sales, 81 100000 at G5 G3a GIL; Tues
day. Sl,3jO,OO0 at 634GGl pa O2Ss Wednesday
$lO2s, 900 at 625sG6l l2aGl7s; Thursday. $},-
300. 900 at 6l5sd5794aj9 Friday, SisO0,0O0 at
553t0573id60h Saturday -, 100000 at GOl2G
81 lsa 57l2. Here are recorded total transactions
for the week OF ~1657S 900 70 that sum it is safe
to add one-th, lsf transactions that were not re-
ported, making an aggregate of 50 100000 for the
probable sale Of the week an amount that is only
So 900 900 less than One-half the entire issue with
a net decline in the price of 7l2 per cent. The
sharp decline, which really Is from oOG7o the
price until within six weeks ago., has
brought numerous inquiries of IT'S
cause. II is difficult question
to answer satisfactorily, and any given must
of necessity be partially based upon supposltion
But it does probable that the first decline OF
10 per cent TO 81, interest was brought about
first by sales that forced by the necessities OF