New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-03-15
NETWORK DAILY TRIBUNE, MONDAY, MARCH I5 1851

general increase outside OF New DIX WIS o'oi
90 per cent. The speculative cities still supply
= LARGO mart of the increase, and here in New
Work there is rcported some sackening in the
demand for money in Legitimate business WHO
the loans on speculative account appear 10 III
crease. For the banks again eXpanued IheIr
loans about & 300, 900 last week, W hlle losing
-. OGO. 900 i'm cash on hand. Ihey stlll nave
surplus of 220,Gl 1,0j0, ana after holding lule
for long time 100000 or more, are
naturally tempted to embrace an opportunity
to use more of it. Prudence prompts some
caution in taking single-name commercial
rappr. and few banks arc taking longtime
notes, and at the same time speculative DuS!-
ness offers a kind of collateral on winch 1t Is
ordinarily easy to realize. Last June When lhc
speculative activity begin, the banks hau out
S2Q6. 10000 in loans, and now nave
S35S. SIS, 800, an increase o! more thah ~ per
cent. They then held 1851 100000 IN cash.
and now hold $ll9, lj7,70O. The real III
crease in the volume Of l,g innate business mas
been healthy for ALL rs well as for the banks,
but the increase of l,,Ans in aid OF speculation
has ONLY tended to make legitimate business
less profitable and more risky. Among 0tler
filings. tine speculative boom has encouraged
workers Of al sorts to believe that they may
rightly and safely demand an inclCa OF wages.
Thus the labor tronbes are the nhtural Sc
ouencc of a speculation which exaggerated the
improvement in trade and industry.
Last week wheat was | fled | cent by the ald
of a Bureau report which was misunderstood,
and which The Eiaanc,d Cbroaicle considers
an attcmpt 10 bolster prices" Bat corn de-
cincd nearly 2 cents aud oats a traction III
provisions there was weaker tone ana IN lara
a slight decline. Sugar WAS weaker bat c'iic"
stronger; tin was lifted again, while copper
sank. each 10 cents per 100 pounds. OIL cruIe
and refined, and turpentine, each yielded
little during the week; coal was decIdedly
weak and the iron market, without change oil
quotations, was less hopeful, IhC Iron Age
of the | lth remarking:
\ lnll has como over the markets OF iron and sfco!
GTnr S t Since tie HSgians Of The ySa The cnu,
astic hopes ent"r ,ln"d hY many during tc Ial TWO
months O 1873 have not been reilzrd AMI NNe tirto
!. widespread feeling o. confidence I'm the fntUir thr
opinion is gaining grUunl that tho progress ld'oi i>'
year will DE much slower rate than oven conserve
live members ~ trade FELT disposed To predict IN
some departments Thacye. advance was secured ~ now
lost. hut tdr>e are only Few executions "Herr''.
sprruutiou PLAYED an inpo TAFT part hrIc has hcch
collapse. at least strong rctrosrade movement
This is not unnatural in view OF railway
wars of rates and recent strikes. The stock
market yielded to these depressing influences
more than dollar per share, the average for
sixty active stocks closing a shade below 800.
Western Union declined most, bat L1ckawanna
and Missouri Pacific, 81 Paul, Northwest pre-
f,rred and Omaha also lost more than - per
share during the week, the Wabash stocks
alone gaining a. much. Coal is cheap enough
10 make coal stocks lock dear, and the an
nouncement that the Reading plan has been
agreed upon would nave more weight If II were
not accompanied By the news that MIR. GoWrn
will oppose it, and claims to have support
enough to prevent it's success n belief that
the Western strikes will in some way b. settled
before long IS helped by perception OF the Tact
that at this season the Southwest roads have
not great deal of business to do in any case.
But even from Chicago the shipments last week
were only about $1,000 tons against GdGI1
tons for the same week last year with the
season of navigation near, and the tranSconli-
mental war still in progress, the railroad sItua-
ton cannot be called entirely encouraging.