New-York tribune., 1886-03-08
unNLY 1Nn RESLNLNS.

Last week was marked by general advance
i'm prices in spite of many depressing m
Auenccs. Exports Of gold continued; the strife
of railroads became more bitter the contests
between capital ana labor appeared to threaten
more nearly the prosperity of some branches o!
industry and of important railways. ct the
average price of sixty active stocks advanced
to SCI O6, a gain of nearly half a dollar per
share wheat and cotton made important ad-
yances. and corn oats, lard. tin, copper, oil and
turpentinc were stronger and advanced little,
and the tone of coffee, sugar and butter mar
kcts improved.
The advance in cotton was not unnatural In
SPECULATIVE dealings, whatever the ultimate
prospect, the lowest prices for many years are
ant TO be Immediately followed by some re-
covery. The fact that print cloths decline n
shade at the same time, and that the demand
for goods is generally considered only mod
crate, indicates the speculative character OF the
market for the raw material. y break IL prices
of some woOllcn goods did not materially
enlarge the demand, which IS still moderate.
A better movement of dry goods Is reported,
however, from the interior, and the strikes or
threats of strikes in the mills help to make
holders more tenacious. The wheat specula-
ton had some rational support in large export
purchases early in the week, and III good de-
mand for consumption. The corn market was
exhausted after the recent furry, but reports of
harm done by frosts helped oats. Old pork sold
at lower prices, but weakness in lard was fol-
lowed by more than full recovery. Options in
coffee improved, and the demand for raw sugar F;
oil was dull and corner i'll turpentine put
y Etil
against 37l2 foI July. Iron was not so strong
in tone, though prices stick, but there was an
other cut in coal, with reported large sales of
egg at 81 90.
Outside New York, though exchanges aver
aged $40, $40, 900 for each business day in
January and only $40, 100000 in February,
The Financial Chronicle reports gain of y g
Der cent in the latter month compared with
February, 1SS5-which vas the worst month of
that year III comparison with 1854. Moreover
the gain il partly due to heavy speculative Op-
eratons in stocks and products at Boston and
Chicago; ut Philadelphia, particularly in Read
ing; and at New Orleans and Memphis in cot
ton. The three larger cities named show gains
for the first week of March, but at st. Louis
Baltimore and New Orleans the aggregate of
have expanded loans $5,000,000 last week.
while losing One-ninth of their surplus, but
they still hold $23, 100000 in excess OF legal
requirements While gaining at this point,
the Treasury lost at all points. according to
Washington reports, no less than 81, 100000
during the week in net gold, $4,S00,000 in
silver and $2,700,000 in bank deposits, while
gaining only $500, 1000 in silver. The sur
render of 1888, 600 circulation by the banks
here, and the fact that bonds withdrawn ex-
ceeded bonds deposited for circulation by
So, ,O24,S $50, add to the proof that other issues
of currency are excessive.
Hopes and fears regarding Reading reorgan-
ization, transcontinental and trunk line settle
ment, and coal combination, have been the
chief motors in the stock market, and though
no favorable event has come to pass in either
direction, hope seems as strong and the support
of prices as confident as ever. Transconti
mental rates grow worse rather than better, but
that is accounted reason for expecting mure
speedy peace. Pennsylvania people are cutting