New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-16
,rv vopx p,uy TRIBUNE MONDAY NOVEMBER 49, 1885

business is far greater in speculative than III
other directions. In grain, cotton and oil sherc
is great activity as we'll as in stocks. Inc eA-
changes at New-York for the week endlng
November 7 showed an increase OF so per
cent; at Boston, Philadelphia ana OnlcaSo"
the increase was 33 per cent and at All othei
clearing houses Ill per cent. Inc lncoiiip.''o
returns for last week show rather smalieI gums
ll.3 per cent at NewYOrk, 29.3 III bo9.on'
Philadelphia and Chicago, and apparently '9S
than | O pcr cent at other cities. The feeling oi
confidence is unbrokcn, and the advance Ill
steel rails last week. the increase OF coke i"'
naces in operation to 20 per cent anu 'i,e ii,
rangement to blow in some furnaces, lhulc"'0
real Improvement in the condition oil the lron
manufacture. The statement OF furnaces !"
blast November 1 shows an increase III "n-
thracite and an aggregate increase Oh aoo"'
A. 600 tons in capacity weekly though the ca
pactv is not yet rs large as il was last year.
The call for q meeting of coal miners III inc
anthracite region is regarded with apprehch-
sion by some. But if the companies are DONG
~ well as they seem to be, they will doubtless
prefer 70 prevent any difficulty by arbitration
The strike in the MOnongahela Valley Is not
vet quite tnutu, anu lhc liUChlHS ~
Illinois strikes are still in progress. Tue nan
association refused to negotiate win tne
nailers, and resolved that the advance III nu'Is
was only an incident of the strike reduction
of wages is noticed at the COlebro0kdale iron
Works, and Mt the slate quarres at Northamp-
ton County, Penn, 10 per cent In cach case a
strike has begun at the Florence colIiery near
PittstOn, but strikes have ceased at the MOTIFS,
Tasker & Co. pipe works in Philadelphia anu
ut the colieries at Delano, Penn, ending IN an
advance in wages. The closing OF the WORKS
of StraitOn a. Storm increases by Z,ooo
or 5000 the number of men unemployed, put
it is expected to be only temporary. On the
whole the situation as to labor is rather less
satisfactory than it waa week ago.
| The New-Ycrk banks now hold Sll,OOO,OOO
less surplus than they held year ago, though
| they hold $3000,00 more cash in reserve.
Their loans are larger by $40, 100000, and their
deposits by $55,OOO,O0O, but money is abun-
dant, and no further disturbance has occurred
in the rate of interest. More silver is going
into the Treasury, II per cent of receipts at
| New York last week, and the Treasury lost dur
ing the week T6j9,777 in gold, while 1t gained
1913, 1891 in silver. 1t lost Sl,6l3,4l2 IN legal
tenders andhad to report gain OF 50, l13, 696 III
fractional silver, which it discovers that nobody
wants. The war prospect caused considerable
disturbance in European markets near the end
ol the week, and if the struggle should involve
J other Powers, the, influence on this country
! might be very great. The immediate eject OF
| any serious disturbance in the foreign money
market would doubtless be some withdrawal
of gold from this country, as foreign capital
would be needed and would find attractive en-
| ploymcnt in foreign loans and in the supply OF
| nlmlcs