New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-12

cause of It's being the first week of lake naYlga-
the four weeks ended April 26 of corn they were
up to the usual average OF preceding weeks, ana OF
oats about 80 per cent less than the average.
The receIpts.and shipments of wheat, corn ana
oats at the principal Western points Of accumula-
ton for four weeks compare as follows:
RECEIPTS.
Week ended Aprnla bush siS1so lI2oS9o $3.50
$::: : :1ss 1 Sss s:S A i
wee. ended April pu, snIfS S75s55 sssse soa!o9
& ended ART ,1 g P S1ss 1000 56695
% %sss ended MaS 10 S Sasn $500
Seemingly the speculation in cotton was affected
neither by financial troubles nor by the eXtra0fdl-
nary small exports. The market, however was
irregular and fuctuating-nO more so than in pre-
cedIng weeks-but closed from 70 points hlghor
for the months OF this crop and from to Z points
marked decline Lie cent. The small exports were
Offset by equally small receipts at the ports. Inc
statistics are as follows he receipts AT me poTts
for the same week III lSS3-whicE makes the total
since September L. 72s, 976 bales thlsy ear against
5.7l1245 bales last year. The exports OF the
W eek were 1891 bales. against 71.474 bales for
the last year, and the totals since september are
1884 $50 bales for this year, against 4,244,54l
The defeat of the Morrison tariff bill was the oc-
casiou of an improved tone the iron markets; put
there was no Improvement IN the deihahu anu OnS
better feeling has relapsed INTO the old state on
dulness with hand-to-mouth trade at hVures near
to current quotations. he anthracite coal tade
remains in the condition as III mas Oeeh IOr SUMS
time although navig CATION has been open for two
weeks 1t has been expected that at the opening
of the lakes the trade would be stimulated by "a
large Western demand. On the other hand 1t Is re-
reported that there is some talk among the com
panles of continuing the restriction during the whole
of this week, which was scheduled Tor restriction
of only the first three days.
The exports of gold from this port last week
amounted to S5l,77s only, and OF Lhat amount
Ell 800 went 10 Central America. The total ex-
n1rts of gold from this port since January nave
been S35 925. 497 The loss OF that sum to the New
York banks and the gain of 1t to the Banks OF Eng
land and France have reversed the conditions
of the money markets at the several
important financial centres. Money now ls dear
er In New-YOrk than at either London or Paris.
Hence there is less disposition on the part Oh IOr-
eien bankers to withdraw their capital from mere.
Ii is for that reason rather Inan because b b cue
completed OF because there has been favorable
turn in the current of exports and imports, either
Of merchandise or securities that inc IortISn e1-
changes have weakened and gold exports nave
ceased nj least for a time In our local money mar
et rates for all loans ruled last week ar 32D per
cont with exceDOnsa at both higher and lower rates;
time loans in hch there was little DONG ruled at
4lo and choice mercantIlepape passed at 42G per
cent, Yesterday bank statement showing gam
Of 50 649,4J0 10 the surplus reserve made au ex-
hlDIt which appeared more favorable than IL really
was because the loans and deposits OF the Marine
Bank were omitted, while the bulk OF the Casn heId
a week ago bV the Marine Bank had found ITS way
into the other banks, and TO that extent was IN
cluded in their reports The figures of the state
Of Last year az follows: Liabiuties-Deposlts, in
creased S2G DDS, 100 and circulation decreased
80 O4s 2OO: net increase in liabilities, S24 $4,000
Assets ash increased So, 0O7 800 specie decrease
81, 10000, legal-tenders increase, oi'lS7'%VVl,
and loans increased Sl9,973 100; net increase IN
assets S2J 1881 600 The surplus reserve now is
81 40 40 against - .OO3 So year ago, and the
percentage of the total reserve to the deposit hab-
ties now I2635 per cent is 029 per cent less than
The foreign exchanges were dull. business was
light rates were lower but close to the specie point
and closed on the basis of Fl 81 4 and p+ S94 re-
spectvCly for long and short steruns-actia Iatea
The dOmestc-excnanges rule IN favor Of thus city
and a good deal of money is coming from the lnte-
riOr New York checks are quoted ar the places
named as follows: savannah. 1-1604 premium;
Charleston, par 10 4 premium; NeT-OreanS' tI ~
premium for commercial and - premium Tor BANK
st. Louis 80 cents to 81 premium; boston, u ~
The stock Exchange markets were depressed by
the events of the week, and except for steadness
that developed in two or three special Instances
there might have been more serious declines than
there We're. Taking the stock market as whole tne
final business shows that only with rev stocks
was i'm the preceding week. The declines gener-
ally were from q to per cent Inc exceptions eA-
ceedI1g per cent are as follows; MchIgau Ell
trail A; Enc 4ds; Illinois central a. DeIa"dre'
Lackawanna and Western J34 Northwestern pre-
ferred 9 Reading Ga; Union Paclhc I's CIers-
| land, Columbus Cincinnati aud indianapolis AOts'
and Erie preferred , per cent. The Northern Ia,
clhc system was irmlyheld all The week through ana
| shows only small declines; the business
in North PdcIlC preferred stock was lttO)o shdIcr'
which was the fifth stock in amount OF sales anu ts
final decline is only Il, although 10 IS Us per cent
! lower than the highest price OF the week, He
granger stocks especially ST. Paul resisted the de-
preston TIL late IN the week, but yesterday lney
| were weak any, but closed with some
recoveries. An analysis of the various movements
| seems to Indicate that each class OF stocks was
moved by special causes applicable to trather imam
by the influences arising from the weeks IaiIuIes
| although with Erie securities the complication OF
! the company with Grant & Ward was the special
reason IN that case. The business OF t he
week In stocks amounted TO 3Oo4' ~
! shares against 27js,l22 shares lot the
| preceding week. The week closed with teVerlsh
and unsettled feeling owing 70 the late develop
ments concerning the Marine Bank ana Dran rant *
Ward affairs, and there probably was Httle slghih
canoe IN yesterday late rally IN prices peyVuu tuo
general closing of short accounts ny the ltueIs
The bond market was IN full sympathy. WIN WIN She
share market and generally made propVIIIoliidat
! clines whenever there any activity. uoVotu-
ment bonds dull, but the bids are L lower IoI
the rs and Us. The feature In railroad Donus VIC
the declines Tor Erie second consos l5l2l, Denver
and Rio Grande cOnsols 4lal, and Western e1ten-
sion frsts ~, and Metropolitan Hrsts I2l a iaIst
business was done in West Shore and buIalO ~ >,
IS, but they ruled comparatively firm and after an
advance TO 56ls closed at 80 s-0nly a oWer eiS
a week ago. 1t Is not settled that the JUNE, III hat
est Will not be paid on the Erie seCohuoousoio'
default will not necessarily put the company LII.
receiyershlp, because three years ueIIuS l,
proceedings can be begun.
RAILROAD EARNINGs.
CHICAGO MILWAUKEE AND ST. PAUL
1882 1888 1889.
S9%SS' %i; ssS S5S ; sSS
CHICAGO AND SOUTHWESTERN
Number ~ miles 3l28 9oSO .,o22' ~
First week In May 80. s42l70O sAll.5O9 sa32d ~
Jan. to May -. 6,ss2is3 6924,IOS oo9''''
CHICAGO, MISsEAPoLGs, ST PAUL AND OMAHA
Number Of mile. l9os .,od6 9sS s11E44SS
Jsa 70 Nay IN. l,bs5.OS5 15bI,J93 l''eooV
| ST. LOUIS AND FRAECIsco.
Number Of mile. eeI ~, 65 9S at a.
Jan. | TO May -. lO77.004 100000 l0Oo'S'
NORTHERN PACIFIC
,,n. ., ala. s7a l7Ol a5:
First weei in May. sI3e.i50 sl7sl46 s33s,6t
| Jan TO MAY 7.......... I477.0l5 2l76+l9 Sfao'S'