New-York tribune., 1885-02-23
A0NEr IND hrNLNENS.

Another advance Of about u cent ana llal1
occurred last week III the average price of sixty
stocks sold on the Exchange, of which only
seven declined in comparison with the closing
price of the previous week, seven retained the
same price. and only ten advanced less than
one cent. The general lmproy yemcnt was not
cxplainable by the manipulation III two or three
leading securities. and 1t presents this charac-
teristlc, which has been seen OH many occasions
when investors have begun to purchase after
long period of dulncss, Wis transactions IN
some of the best stocks begin to grow lnlre-
ouent, while greater activity appears III those
of less certain standing. II Is also noted n
fact Of Importance that the change III bhhk
reserves indicates considerable invest
mont of funds which have hitherto
been living idle The banks lost over S3.OOO,-
600 of their reserve last week. while the re-
turns Of the Treasury at this point show gain of
only obout 81 300. 900. On account of the ccrc-
monies mt Washington, Treasury statements
were not made up to the close of the week, but
those of Friday showed gain in comparison
with the previous Saturday OF about Sl,ooo.-
600 in gold, over 800, 600 in gold certificates
returned, about $5500O0 in SILVER dollars, and
SlOO, 900 in silver certificates returned, and
about 81 100000 in amount OF legal-tcndcr
notes in the Treasury not covered by outstand-
inc certificates The condition Of the Treasury
continues TO strengthen. Last week the re-
celpts of silver certificates al New York were
less than % per cent of the total receipts for
customs.
There are indeed a good many signs that n
substantial movement for the better not
merely in stocks but in most branches Of
legitimate business, might be realized If Con-
eress were out Of the way, and the danger from
silver coinage were removed. 10 what extent
the Improvement which has thus far been
witnessed is due to hopeful discOuning of
results which Congress may after all fail to
reach cannot now be determined. 1t is true,
however, that the expectation of a suspension
of the silver coinage has grown much stronger
within the past week. while the close approach
of the adjournment, and the confident state
ment of Mr. Randall that IN extra session will
not be necessary, encourage tho hope that
miscblcvous legislation will be avoided for M
least another year. 1t would be natural
that IN Wall Street, which Is con-
tnually gambling on future events,
this state Of increased hope should be reflected
in better prices. If anything should occur at
Washington ~ dsapDoint these hopes, "A re-
action would be natural. Meanwhile, the stock
market appears to be moving, as 1t has moved
more than once before in the absence of those
who are commonly credited with the greatest
mower and activity in manipulation, though
there are suspicious people who insist that Mr..
Gould frequently goes away. and leads people
TO believe that he Is out of the market, when he
is at least as active as usual.
IL cannot be said that the industrial situo
eion shows much improvement Us yet The
strike of carpet wcavcrs mt Yonkcrs the dis.
couragcmcnt i'll cotton manufacture mt Fall
River and the discomfort Vt Pttsburg are
but evidences Of gcncrallyNisturbed relations
between employers and employed. The times
are still hard for both, and patience and mutual
concession are still necessary. Notwithstand-
ing the hopes indulgcd by iron manufacturers.
no change of price yet appears, and the incrca.-
ing stiffness In the anthracite coal trade with
the completion of pools III the bitumnous coal
and the coke business, are not encouraging
signs. Manufacturing sizes of anthracite, how
ever, are still offered at very low prices on con-
tract, and the recent improvement In tho
market has been almost confined to the domcs-
tic sizes.
In the other markets, during the past week,
tho prevailing tendency was toward higher
prices. Wheat closes about half cent stronger
for No. 2 red in elevator than at the end of tho
previous week, .and there was the same ad-