New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-23

Favorable weather at the South and southwest ana
weak foreign markets demOcauZed the specu IN
cotton. The frat cotton bloom o. the season vas re-
ported June g. IN Montgomery CGunty Ala AL IN previous
Wilcox County, Ala; 1852 May 26, In Clarke COUNTY
Ala; ISL June D. IN Perry o0.n from A! "a
to 80 points for this crop and from Az 70
% points for the next crop spot cotton also was weak
to be unusually small bit the exports OF ast weea were
luI-er tAdl loI 7FtLi' ple'r,'ll- &c o. 81 -
for the week OF l593; nearly one-lalI Oh tns wees
port was from NewYork (25,537 bales against 1912
bales Tor the week OF last year a4d VII u an
item IN next Tuesday, custom House returns o. ne "a
ports week. The statistics are az follows inc
- ADS bales or tbe same week in Is33-which makes the
toa since september l. 1880 bales this year, against
~ - halp against 81 O26 bales for the last year. and
tue totals since september 1891 1877 bales this year.
sThe general situation OF the iron market remains nm
changed The members OF the Eastern Iron Association
WHO recently naue -FOUR VI tne c,rr,sd ar
the furnaces; yet except Tor No l. tne prices
purchase for immediate The feature ofhe week
was in steei rails for winch the Lackawa wanna COMPANY
to Of other makersquote 93oef ION
a lower price than before was made. AS was IN
timated week ago the anthracite coal companies nave
PRODUCTION for two full July 0ut this announce
ent coupled with advance III schedule prices Oh %
In financial circles the event OF the week was the as.
signment made By Mr.. C. x Garrison. mat T lac.
II should nave been the occasion OF
uneasiness only natural but there seems 70 De
That other spots In the financial system IS
improbable but such rs there are recent vents
are likely bring to light and then remove them rom
the sphere OF apprehension which seems 10 De worse
than the reality. ,, -
Yesterdays bank statement shows further rapid prog
ress toward full recovery OF the financial BODY lIe
contractons In loans moderate, but pr00aby fuy
aS large az methods will safely permit Inc
gains in cash-S2, 66l 200 specie and eZoJ,OOO esai
teuders-came almost entirely from Treasury dsbuIse-
meuts and little 10y receipts from the interior Inc
falacy that the loan certificates In any way anect the
figures OF the weekly bank statement has reached Con
gre-s and upon that idea member built up the a.
founding assertion banks OF the city or
were deficient 100000 In their reserves. There Is
nothing illegal In bank rehypOthecatng It's securities
at ess sum than 10 has lent upon tneml ana that Is
lust what and all that has been done the loan cer-
cafes represent the loaned by all the
banks upon the collateraIs Of individual oanks,
and the certificates draw per cent interest payable
by the which they issued and receyeaoe oy
the bank that happens TO carry them. BANK might
have taken out - 900 900 OF the certificates and nave
carried them In it, vaults UNTIL such time rs IL saw
fin 10 reduce It's securities Ia such case IL neither
would receive interest, and we believe there
are or three OF that chracter Although the
hanks now hold ~gj64 800 less cash than AZ this date
last ear and IS 1000 less than l~S2 the loans are
so much smaller aud therefore tne deposits are smaller
that the total surplus and the per cenae or reserves 20
lepOsts now greater than at the same date IN either
wear The following compose the items OF yesterday 3
statement with OF the corresponding dates or 1883
audi --y