New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-03-10


RECEIPTS. c.-, oo,.
w wses ended ca$s& F EsS q bush bush 355 s355 }
Week ended March : bush. 6OO47O 2,s9s2j0 s4s,"Oo
E Week ended ea&s F FsS s s Sa, 25 9 fS
wss saas MaFSR bush s6oS i55560
The movements in the cotton market were slug
gish and at declining figures; that the decline
for futures is from 10 y points lower than
week ago. Spot cotton ruled steady and
unchanged. The receipts, while greater than
were expected, were only more than One-half
those for the week of last year, and the eX-
ports were 10 300 bales less than last year. The
statistics are az follows: The receipts at the ports
last week were 60 72O bales against 1914, 1913 bales
for the same week III 18S3-which makes the total
since September l. t. 442 80 bales this year,against
5O26 $40 bales last year. The exports Of the week
were los sj2 bales, against 12s 1913 bales for the
last year, and the totals since September l are
1852 759 bales for this year, against 3447,568
bales last year
Nothing new was developed in the iron trade and
quotations for all descriptions, from pig TO manu-
featured. quoted steady. Complaints come from
Philadelphia of a dull and only hand-tO-mouth
business which, it IS said, has occasiOned some
weakening of prices in that market The struggle
to substitute bituminous for anthracite coal for
steam purposes is continued. and The Engineering
and Mining Journal comments on the situation
follows:
The market for anthracite during the week has been
quiet though the cold weather prevailing during part OF
II had the effect OF preventing accumulation Of coal 10
serious degree The tone among number Of pro IN
nent in the coal trade seems To he that II will he
good policy 10 make the opening prices low WIN the
/
seeming hold for high figures There indica
tons that some OF the large anthracite companies nave
faced the situation and have placed large blocks or steam
sizes in the East at figures low enough to prevent their
customers from abandoning them The hght IN btumn-
GUS evidently continues, though an EFFORT s making to
the impression that better prices made for con
tracts IS stated that the NewIork Central has closed
contract for fully 100000 tons with Cumberland and
Elk Garden firm. number Of guesses made "a 10
the price, the figures varying between 50 40 % 90.
NewYor current business is small and is contested In
manner never witnessed before.
Despite the unreasonable weather there more
activity IN the dry-gOods trade, but it was
principally because of the placing of orders by
! clothiers tor next seasons goods. The movement
Of spring goods was restricted and for cotton
features prices were easier; print cloths declined
to 33s cents for standards.
! The local money market at the Stock Exchange
remained unchanged, and the principal business Of
the week in call loans was done at 2G2 per cent;
! but there was a hardening tendency for loans on
| time aud III the rates for mercantile paper. The
! Custom House reports the export of gold for the
week at S. 079, 692 of which 81 500 90 was in the
! shape Of bars but it seems probable that some
$500 600 was shipped yesterday that not
tered at the Custom House in time TO be
included in the weekly statement because at
a late hour il was stated exactly that $4,5O0,OOO
was the days export, instead of $4,127, 33j
as per Custom House return. The shipment Of
e. 800 900 in gold bars instead of 81, 100000 as
was calculated in our Saturday article affecting
the Sub-Treasury gain aud the bank loss for the
week occasions a revision Of the figures. The
bank loss by sub-Treasury operations for the week
/ ended Friday night was only about 80, 900 600
instead of 81 700 600 and the loss, within the time
covered by the statement by exports was about
So 900 600 OF a total of IS 900 900 withdrawn,
that in yesterdays statement II would average
loss of not over $25O0,0O0 So to arrive approx
mately OF the actual amount of cash held by the
banks Friday evening, S5,500,000 should be de-
Quoted from the amount .S1Ol, J92 600 given
IN Yesterdays statement Compared with
the statement Of a year ago, Yesterdays fig
ures show results as follows: Labilities-Deposts,
increased $56673,9OO and circulation decreased
II 1896 400; let increase IN liabilities &54.6775O0.
/ Assets-Cash increased $50. 1875 800 Specie
500, 3 IS 400 and legal tenders $l1,776,900l and
loans increased sos 099 800; net increase in assets
/ %J52J5 200. The surplus reserve is
80 $50. 67j against a deficit of s., 1G61j0 year
ago and the percentage OF the total reserve TO the
/ deposit liabilities now 2o.6I per ceut 0.0f per
| cent more than then.
! The domestic exchanges on New-York while gen
orally in its favor have not been sufficiently SO 10
make any significant interior NOV ement 81 money.
The foreign exchange market Is not yet relieved ny
/ the export Of gold; rates remained firm at II -
and 81 -93i respectively for long and sight ster-
At the Stock Exchange, the markets after day
/ or two of activity and some advances IN prices.
drifted into extreme duIRess. and prices Tor STOCKS
/ slowly Welded 10 apathy and general lndlSpOs-
ZION to make new ventures on either side OF the
! account. Nearly all Of the early gains IN hgnres
! were lost and IN some instances HDaI ueCuneS
/ from the figures OF week ago were estab-
/ lished The total dealings IN stocks Tor the
week amounted only to I,J'+I'L shares
| of which ss5.092 shares were done on
/ Monday and Tuesday, against 2,6OZ,Z04 SHARES
| for the preceding week. Following the Lacka-
/ wanna and Western corner of the preceding
Saturday, there was exhibited ne little anxiety by
operators who were short Of Othes stocks 10 re-
/ gendercd from that desire the hrst two days
of the week witnessed some sharp auG inlpVIlanI
advances. IT. Paul rose from 81 I2 10 93's; North
western from 1873 to 1905; Omaha preferred
| from 02l4 to Oils; Burlington and Quincy IRON
! I223s to 1888; Rock Island from 120 to 12234;
Northern Pacific preferred from 463s to 1875 Man
53in TO 557s; Michigan Central from 90 10
g47a; Lake Shore from lO3 10 lO44;
Central and Hudson from 1l6A to llolsi
Union Pacific from, ~ to SIS Missouri
Pacihc nom VI 20 oZ1s LouIs' nc uu .'doA'1A
from 1888 TO jl3s; Delaware, Lackawanna and
Western from 100 7sd l2sl4 10 1903 Ut sold later
at I274GI2s); Central of New-Jersey from
s77sq 80, and Reading from 5Sas 20 6O4a; After
Wednesday noon the market was dull aud droop-
ing SO that at the close yesterday, excepting t0r
Delaware Lackawanna and Western Union Pacific
which shows final gain of los per cent, Missouri
Pacific which shows loss Of /, Wabash preferred
of IL and Michigan Central loss
of . per cent the final changes III
active stocks are measured by small fractions.
Renewed reports of difficulties between the various
railway combinations, President Ro6crtss remarks
to the stockholders of the Pennsylvan Railroad e1-
pressin at the working OF tao trunk
line po0l and the threatened large export of gold
th.. h.lf