New-York tribune., 1886-02-08

The bank exchanges at the New, York Clearing House
ana the stocks sold at tho Newlork stock Exchange
FOR the week OF three years compare as follows
Week entcd- Feb; 9.l.,i Feb. 7lss5, Feb 1855
NJ shares scld. 2,GI7,j7O l6775j0 2,7,O,JUj
The past week has witnessed no change in the general
monetary situation. Capital Is abundant and
for employment at low rates OF interest At the
Stock Exchange all loans ruled at from To 3. prInci
pally l9 a , per long time loans offered
per cent and II Is stated that the city has elected
loan for the remainder this year revenue bonds a
= per cent. Fustclass mercantile paper continues
pass 3l2 i2 per cent Call loans at bank generally
L lower rate. Al of the domestic exchanges
are H, in favor OF this. tins city,; a9d yet money
centres. Tho foreign exchanges remained dun all the
week and rates FOR business ranged from ~ sGA to
short sterlins The gold exports for the week were
Aspnwall and T2Gl ,4iO spanish coin I'm transip to
Havana Yet iii there is II frocr movement of cotton
aud gram, any cause which should create demand for
exchange nish result In gold exports To moderate ex
tent The banks however, are well prepared to stand
larler dram than could possibly occur with the foreign
o $50 0OOOOO OF gold would leave the banks with
storms of severity and almost co-cxtensive
the boundaries O the continent again retarded
mercantile activity Nevertheless, the prospects OF
spring business daily brighten, and merchants
grow confident O tho future. The Iron aud steel
trade remans In good shape prices are no higher but
there Is weakness In the situation, nor can there be
m t % ug TO tons see % up adj 70
diGionh orders nave raised the aggregate to
called neither duh nor dsprited which
than Onohalf Of the product IL has the
ity to piOdUcc in year. The Is of
makers who working. and there now 2sJ
furnace blast agans 236 at the end OF OF 1884 This
business yet IL nearly all only on paper the iron and
contracted Tor To be made ana the in
uCncc Of this Ercat Improvement In these branches Of
Industry will be fully Impaired TO trade generally
when the orders begin To be filled and the products
move to their destination.
There IS encOurdgement to the general situation
In the gradual Weakening or the speculation in
OOOO bushels might he exporIed ITS price declines
slowly but cent each week Will start the move
mcnt IL would be boon 10 the country aud graetly
benefit foreign commercial relations to ship the
900 600 bushels which In excess OF the visible
supply OF II year ago. Cotton also ruled weak and
futures declined from points Tor the early months
IL points for the last months but spot was only weak
at unchanged quotations.. The exports Tor tho week
run fair average having been 0312O bales against
he and 1888 bales
for the week The total exports from september
| 10 date for three years compare follows: 1884.
2G5IS77 bales 1885, 29ll lO6 bales; 1856, 26l3,696
bales.
Tho movements OF dead freight Eastward from Chicago
last show Improvement Of 5000 tons over tho
Of the preceding week. but loss or isOOO
ton, lrum tho week OF last year, when railroads
were doing the business for about nothing The weeks
statement principally valuable however for It's Iefu-
tOn OF all tue recent reports OF ratio cutting by some
lines. No Que can study the subjoiucd table OF last
weeks movements without being convinced that tho
stories have had foundation IN fact Notable among
the changes from the peroentlSes OF year ago. Mlch-
gan Central goes up no Nickel Plate up TO- Fan
Handle 2lO, BIliimOre and OHIO 5-lO. while the
losses made ny Lake Shore Fort Wayne ana chicago
ana Atlantic.
The following table shows the tons and percentages
shipped by each of the railroads East rom CheaEo OF
-four grain and provisions for the week ended ast
Saturday In comparison with tho same week oi 1880
and 1881