New-York tribune., 1884-02-18

Week Week ended Feb lS bush 4 5i6iSS iS5iG70 e4sOiO
The speculation in cotton was tame, with small
fluctuations. Prices for futures closed from to
points lower than a week ago. Business in spot cot
ton was moderate only, and prices were unchanged
during the week The receipts at the ports were
10000 bales less than for the same week OF last
year; but the exports for the same time show an
increase Of II 700 bales The statistics are as fol-
lows The receipts at the ports last week were
1G5021 bales, against 146,1 1870 bales for the same
week in lss3-which makes the total since Septem-
ber l. 1873 71S bales this year, against 4G3l ,945
bales last year. The exports of the week were H.
267 bales against 10O,519 bales for last year, and
the totals since September 767, ~ bales for
this year. against 3, lO6, ! 90 bales last year.
In iron and iron manufactures, the markets CON
tlnue inactive, and quotations are unchanged. The
product Ofir0n IN December, 1883, was l9,92O tons.
and the unsod STOCKS ON January l, 1854, were
| 1895 tons the product IL January was 6f,-
! 63I tons, and the unsod stocks on February
102 30 tons. This shows that IN January there
/ was II, 40 tons more went into consumption
than was produced during the month Steel rails are
dull at S:}5 and are hardly steady at the quotation
The warm and unreasonable weather OF the last two
weeks has checked the business IN domestic sizes OF
anthracite coal, and there is an accumulation or
stocks. The output of this year TO February 10
was 2,346,OOs tons against Z,9|4233 tons 70 inc
same time of 1883. Tie Engineering and Mining
journal says:
The competition OF bituminOus coal Is assuming grave
aspcct The anthracite cOmpanes cannot expect To OBJ
tain the contracts OF the En- stern mills unless they
down To 81 delivered at Boston. When we state
that last year contracts made on the basis OF
about 81 70, the gravity OF the situation will be
appreciated. Unless the smoke OF poorly managed
bituminous fires IL serious drawback. consumers
will prefer the soft coal when prices are the same AS
sumng that the trade for steam purposes aggregates
about 100000 tons OF anthracite per annum OF winch
the bulk broken II will be that the companies will
have quite heavy quantity into domestic sizes
On the other hand it may be considered that the natural
increase in the consumption OF anthracite for household
cent annually The possible loss OF the steam traie
Therefore only slight and Temporary halt IL the
development OF this great industry.
Probably the dry goods trade suffered as much as,
| if not more than any OF from the condition OF
the eeents and the trade for the week is reported
! nauimate; yet there was noticeable hardening Oh
values for some styles of domestic cotton, because
of the curtailng OF production by the Eastern mills
The ImportatiOns of dry goods continue 70 be on
liberal scale. Last week they were nearly SlOO,OUO
than for the week of 1888 and $3.50 600 larger than
for the week OF 1852. since January l tins year
they are only S1,200000 less than in 1883, and
81 900 900 less than IN 1882.
The plethOnc condition of the money market has
become wornOut story, and last week, IN It's
abundance of loanable capital at extremely low
rates that ranged from to l per cent, furnished
nothing TO be SAID on the subject. But, for the
first time in many weeks, the Treasury added moth
| took ont of this market S1900,000, be-
! sides $ls0,OOO paid IN gold TO the SUP
! Treasury for silver certificates TO be
| issued at other sub-treasures, simple exchange
operation by which, for the time being the Treas
urv floats that additional amount OF silver certh-
Gates. There also, indicated by the bank state
! ment was an OutgO of currency to the interior, so
! that. contrary to general expectation the bank
| statement shows loss of S546,4OO in lawful
! money, and by reason Of the large expansion in
| loans a loss of Sl,0s3,6OO 10 the surplus re-
! serves. Yet the statement still shows cash on
! hand of S1l0 $4,000 and a surplus reserve Of
! S20010, 500. Yesterdays statement compares with
that Of the corresponding date or last year as 10-
/ lows: Liabilites-depOsits increased So, ,s3l 700
and circulation decreased $1,000, 500; net increase
! I'm liabilities $50. s26 900. Asscts-Cash increased
S29. .543 100 specie SIS 5,320500 and legal tenders
| I'll ,223 tO0l, and loans increased S22542,l0Oi
| net increase in assets, 2,0S1 200. The surplus
! reserve now $50 010, 500 is $16335,975 greater
than year ago and the percentage Of the total re-
serve to the deposit liabilities now 3Oo4 per cent
| is 1876 per cent more than then. The foreign ex-
changes ruled strong all the week close to the specie
shipping point; but as the business was small
there were no gold exports and therefore the slua-
! tion attracted little attention.
The speculation at the Stock Exchange during the
week was Varied, irregular and, at times, hating;
but the bulls maintained their full control and
toward the close, developed their mastershlp IN an
unmistakable manner During the early part Of the
week prices were permitted to drop, so that Py
| Wednesday noon nearly everything on the e
list showed material declines from the
figures of the preceding saturday. E0r
! instance Union Pacific sold 3l4 per cent 10 ~;
! Western Union declined from 1873 to 7j p; Lake
Shore from 1913 TO 102; Delaware, Lackawanna
and Western from l27 9 to l22os; 81 Paui n2u IRON
| Oregon and Transcontinental from 22I 70 lo4;
Central and Hudson from 1lsls TO 1l1@f, and
Northern Pacific preferred from AZ 4 70 - g. after
that the tide again turned and the hood
run with little interruption, tlll saturday noon;
A sudden advance III the price Of Rock Island
stock from 121l2 to l263+, was the signal Tor
change of sentiment but that stocks final price,
1247s is only 2ls per cent higher than 1t was
| week apo fhe Vanderbilt Kennedy Gable matter
attracted attention; but it did not lmpart
any general activity 10 the dealings IN the
stock and they amounted only to 30,4OO shares
for the week. The total transactions for the week
amounted to 2,0S7l9s shares, against 2,3fOZlo
shares for the preceding week. Three stocks con-
triouted nearly ne-haf of the total Union Paclnc
ern 272 1872 shares, and st. Paul, 254,230 shares.
Union Pacific. in which the dealings amounted to
over 81 of the amount, of the capital stock,
SPECULATION. and after selling at 20
and S45s MS final price - "a is a gain of 10s per
cent Special interest attaches TO that stock be-
cause the transfer books will close next tuesday
for the annual election of directors, and scarcity
of stock Is anticipated which may be prolonged by
a della. i'll the issue of the new certlhcate, conse-
qnent upon the large dealings IN the stock.
st. Paul. in which the dealings for the
stocE. fuctuated between 90 and OH and closed
with a final advance of 4 per cent at 035s; and
Delaware, Lackawanna and Western. in which the
tra1saction- amounted to over one-half of the
amount of capital stock. after selling at 1888 and
1854 closed the same as week ago at IL ..
Lake shore shows gam of g and CANADIAN south
ern of . per cent Central and Hudson loss OF .
and Michigan Central loss of Is. North
and Quincy is up s.; Omaha preferred
is up a, and Omaha common IS 's lower;
Northern Pacific closed higher the
common 4 lower, Oregon Railway and Navigation
! per cent lower; Oregon and transportation IA
lower, and Manitoba 4 lower. Central of New
Jersey shows a loss of 81 and Reading loss of a,
Missouri Pacific shows gain of os, Wabash pre-
ferred gain of b, and Texas Pacific gam OF g,
and Wabash common a loss OF Is, andiW estern
Union shows a final advance Of % per
cent On the strength of the leading
stocks there were some room moNe44iiehIS
made in the lOwpr,ce shares s1ch as iie V, N.one.
Plates the Chesapeakes the Norfolk and Westerns
and the East Tennessees, and nearly al Of them
show more or less advances on the Weeh traulhg,
AZ the close prices although below the best figures
of the week. were firm. -,
In Goyernmcnt bonds the business at tie board
was small but there were some large u"Hs4clN
out-idr i'm the 3s the bids for which are 4 higher