New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-11

and stocks odd At the NewYor stock Exchange or
the week OF three years compare rs follows:
Week ended Jan u , i53i Jan 10 1889 Jan 1889
No. shares sJld. l.gblIfJ l.g5I.os4 I,oJ2lO3
The local money market FOR call loans worked from
302 per cent on Monday down TO q per cent yestcr
day Time money Is ob.ainabe ut ) per cent and mel.
camille paper ruled al tao per cent and IN demand Mt
the quotations The do nestle exchanges almost
vcrsally favorable this city and sttll there an
abundant sunplv nj a the nrnrini nnints Tho
week witnessed another furry In the foreign exchanges
and posted rates at timo marked 81 9Oa FOR
sight sterling, yet unable to learn OF "A single
transaction ae iZh as 81 s0L except settlements.
Notwithstanding the posted rates, which by some bankers
held AT - 90 TO the end. h-ro no 10th OF
porting gold STty-dAy bills relatively stronger
than sight because OF easier money IN LOudOn-2ai63
per cent In the open market against por cent tho bank
The exchanges closed for business the basis
- Sc l. and - 80 respectively for long and short ser
ling.
1ne first week OF tho year has developed IN mcr-
camille and commercial circles nothing OF
has doomed BY speculative action But there is
everywhere apparent evidence OF real improvement ia
affairs ana there IL quiet and conservative confidence
every whore exhibited that the Improvement has come
10 stay and Possesses progressive qualities The bank
exchanges OF ast week are significant OF what has boon
gained In general trade As guide to general conditions
IN "a speculative mart like Sew York City tho bank
changes are liable to be deceptive unless all the specua
dive transactions which make so large part Of them arc
amount. II not only sales that effect the exchanges
the changing OF loans from day to day important
Last week however the sales at the stock Elk
change $40 900 shares loss than In tho week
ally quiet money WAS easy aud the changing OF loans
probably was much lcss tnnn Is usual at tins
$500 900 600 In the exchanges those OF the
spending week OF 1855 indication of a great i'm
provement In Legitimate trade Wheat suffered
decline OK = cents during tho week and
there WAS little improvement In the
port business but 1t will not move
freely current rates. unless holders ship IL at loss
effect prices for the remainder held for home
SUM ton. A Large movement OF that kind might be
coed speculative manipulation. In provisions there
was an advance OF 20 cents for pork. Cotton ruled
weak and declined some points for futures OF tue early
months and points for the later months aud spot closed
OF cent AT Cd cents for middng uplands But the
exports for the week foot lG6,2OS bushels against
$3.50 bushels for the preceding week and l3ol3O
makers have hold the prico OF pig down be-
current ngurcs return thin profits or $3dSA per
ton; but It is admitted now that their capacities are not
equal tothc task and large number or furnaces re
Gently have blown In which probably viii lind demand
Tor their product at higher than tho current nguros;
These now operations are Tot Lased upon wind" and
the furnaces blown In give employment TO an 0ggre
gate large number OF families, and each one OF those
Tunlies at become larger consumers OF the necess
tea OF life and Of manufactured goods Steel rails con
advance. Already-one half the capacity Of American
mills for $50 f. engaged and three fOurths OF tho
agreed produou OF 1000 900 tons. Car makers aud
arc receiving liberal orders and wheels long idle arc
again moving or making preparations to move The eff
all other trades, and rotal store In the country
must partske OF the benefits Prosperity, IKE deprcs
1856 is 1881 reversed And it a good thug that spec
ulaon, except In the cereals no! teruzhs haIonAl
growth.
At tho stock Exchange 1t was week of dull and In
spid speculation, although ia bonds large business was
done aud at strong hggres In socks tho @ on
shares for the preceding i've business days Specu'
latorS seemingly wore possessed Of lbo Same
idea which yesterday led an executor, in giving
an order for tho renyostment Of consider
able sum OF money which had been realized from
tho maturity OF previous i"v"s'aiel'' 70 REMARK