New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-27

change last week, amounting to Itt,s ness
s ssa ncuans 'Ss Ss sna With
business days decline Of little over onethird 10 e
the amount OF the preceding full week H. less than the
decline which might have been expected The ngurcs
ness over tho corresponding week Of last year.
The bank exchanges at the New York Clearing HoIss
and the stocks sold ut the NcwYork Stock Exchange for
the week OF three years compared rs follows:
&C.. &
The tone Of the money market worked gradually easier
part OF The week the rates declined per cent the
close Foreign gold continued TO arrive Since the ci0so
rived with about 81 .25O,0O0 gold on board and tho
steamers Gailia and BretaRDe due with - 0O0000
The steamer saae. which sailed southamp.
Ss Ga s o says on S
parcels Of francs still To arrive; so that tho
week and the amounts To arrive before the end of
present week will aggregate over $6O00.000 Therefore
little further interest In the movement Of the Bank OF
England rate for discount until the attempt Ia made To
gold from u.s. Unless there is to be greater boom"
aud activity in general business than Is anticipated by
the most sangune temperament the amounts Of foreign
gold already arrived AMI To arrive are sufficient for
all our legitimate needs; and also sufficient 70
money understanding the possibilities afforded by
inanal institutions meet the January distributions
for dividends AMI interest The foreign exchanges for
Impaired early the week by spasnodic demand but
within twcnty-four hours the rates we're again re-
duce and closed weak basis Of - 792 and "a 839
respectively for long aud short sterling.
There never much TO be said abont the movements In
commercial and wholesale mercantile circles about thu
holiday and the of this does not mark
conspicuous execution IL Is admitted on all sides.
reached unusual proportions probably greater than
before despite the funny jokes perpeatcd about stop
fact speaks louder than words and possesses more logic
than docs argument to illustrate the general satisfactory
results Of the current years business. Commercially.
however 1t may be stated that Our pro iuct continue
to c ,n. r. large forsisn inquiry 40 much
the pr Of wheat early in the week 1t closed FULLY one
visible supply OF 5000 600 bushels greater than
year All the Indications point TO an Increase IN tho
demand for little tmewar or no war; The baroIe-
ter Of American business the iron trade continues to m
prove The demand for contracts at advanced ngires ex-
as the leading makers have already booked for 1887 the
full quantities which they are willing Ia engage 10 do
liver 10 that nothing will prevent further advance
In price and the sartnS OF aiiluonal furnaces. W
is quite clear that the demand for steel rails for next
year will exceed the capacity OF American mills With
out any agreement between the makers prices have
adapted themselves to tue changed conditions ~ cost ana
mills 1877 against S34 $35. the current figures OF this
year. All this means greater Use for coal and that 10
what the miners require The prices now are sicienty
high pay handsomely large tonnage and not high
enough to Overtax the consumers
We do not recollect to have the Interstate Com
bill discussed FROM any point OF view oner taa
its effect upon stock speculations through ITS
supposed effect upon railway transportation hut, the
bill Is to become % abont which certain Wall street
spectators claim 10 have more accurate knowledge than
~
mer and the mercantile interests Of the country have
"a deeper and wider interest IN its effects than Lave com
carriers their stock aud bond holders !! the Dill
has meaning for the railroads which Is claimed for 1T
il means cessation OF exports OF grain cotton and
produce. II cost Tor bringing bishel OF grain
from the HARVEST To the Atlantic seaooard greater can
the present value OF bushel OF whea III the rlty o,
Kansas pork All this II following the enactment Of the
law and its approval by the Executive comes It's execu-
than rs percent Of their total tonnage or tue VEST
roads the average OF the local ptopaby above ~
toff ha TAI uuha
large will he sacrificed 10 the Necessities or
the sna through business II this does not mean tne
AMI stoppage OF that best portion OF nnlnsra-
n neW setteen %n,ns' what does it mean Again tue
New-York Central and Hudson kiver AMI mo
lines from New York City to Baifalo The New-York
Central entirely within the boundaries o the state
provisions of the proposed bill therefore might charge
nifty for the carriage OF barrel OF hour trom buffalo
TO NewYork without aitetins The rate which " sns
charge from Albany to Newiork ON the other hand, II
the Ee Railway established the rate OF fty cents onH
barrel of potatoes from Buffalo 10 New YORK t would ne
compelled accept and half cents for harrelo Of
POTATOES from Paterson. y. j.. to New York -,
AT the Stock exchange lust week the markets were all
dull The total TRANSACTIONS in stocks amounted only 10
1861 shares against lor Tue mr ha
usual Irregularities an we're IeveriSh AMI unsettled IN
flom the recovery prices last part OF tie
eeedDg week That such result was probable a,ia
threats wle OF worse squeeze IN money thau That
OF the preeeding week, and the Interstate COM
service in the OF demDrl cation. lt
under these conditions that prices yelled Mon
day, but then they yielded under the heavy
pressure OF the offerings oil short stock than because
o. The nervousness anxiety OF bona idc holders
small buying demand from abroad later la parted
ner the dealings. and the attempt To cover some
the short" sales advanced prices nearly
To those before this weeks depression suDse-
quently tie market dull ana dealings were sinall<>
being confined almost exclusively the operations Of
daily traders and the prices iuctlated within marrow
limits. The prominent feature OF the weeks Dealings
il they had Feature was that the real holder secur
seemed content to await events Justification OK
their confidence in the general situation.
The Stock Exchange will reopen 10 morning az
10 O'Clock as usual
Suboned usual table giving the hi CHEST, lowest
and prices number of shares sold for the week.
together with nnal prices OF week ago or nftysix
reprsc alive Stocks prcxed by the prices Of
December 70, 1850.