New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-02

imports for the eleven months Of 1885 was S7S732OOO
against for the time OF 1884 Of S7O93
o00 difference in favor OF 1885 nearly S,O0o0Oo The
old year to have the seed for prosperous
harvest to Its successor, 1856.
The chief OF the year Of special interest In nan-
cs circles briefly stated in their chronological order
as follows:
JAXUARY.-The month was one oi continued depres-
sion N all branches OF business While Inc banks Were
failures were those of john j. Cisco y sons or New
York and Oliver Brothers phillips of P.5ISHrs u I0e
any nod plan and for 35o GRAND 1n' TTnE Of canada
gave notice withdrawal. The Pennsylvania Rail
road refused TO JOIN the coal combination but the other
he allotments made the previous month. Houston ana
Texas Railroad deisned upon Its rs mortIaSe bonds
ular but upon the whole the final figures showed some
FEBRUARY.-This month was marked by no occur
OF particular significance. The weather was
intensely severe and traffic in North and North
west was greatly impcded by snow hockades. Many
efforts made to bring about better understanding
between the railroad managers. but without eleci.
was more demorTliz9d than before: stocks ,t ,Ss
middle of the month. notably Delaware. Lackawanna
LAX shore per cent Northwestern per ce ana -
Paul ner cent. But on the 27th prices suffered con
siderable declines, yet at the close left some ihaI i
MARCm-The Inauguration of President Cleveland took
place on the 1h OF he month, snfdhat portion OF us
inaugural address relating to tho financial policy OF The
Government was reassprng to the commercial and mer
business Anucpltions OF ho.tiities between ENGLAND
and Russia excited speculation ~ when w f was &c
Central and Hudson reduced iis quarterly div1I-
for its serni.annual dividend stock, ana
the Omaha reduced its quarterly dividend on ia pre-
TERED stock p per cent. The New-IOrk. CHICAGO
aud St. Louis Railroad placed In receivers hands
Notice given of the ahrogaon OF th1 SUBSIDY ar
between the Pacific railroads and the P'ciho
Mail steamship Company, TIE lease OF the CenIrhl
Pacific aroaG to tnT S""iTra the w
shore Railroad vas published, hat II came to norSht
At the Stock Excl1nse the month closed win some De
preston and generally prices averaging lower than al
the beginning. ,.,, .,,
Russia remained unsettled aud tho varying
rnmors las 10 he probabilities OF final outcome were
speculative markets. Wal rnmors advanced the prices
OF grain and speculative securities aud depressed cotton
changes IN stock quotations, however were geheraHy
MAZE was a dull month in all departments 1t was
reminder uf the panic OF 1884. and after lapse OF
twelve months the fact that recurraye power had
beeem developed oxcrted depressing influence Ches-
arake and OHIO def ed m thu payment of Interest on
cash. Lake Erie and Western Railroad went into re-
SSTeF' bet nSess tic Pacific rSroad. Sn
the Pacific Mall, whereby the latter company was
road pools west Of Chicago announced, which bad
eject upon the price OF Western stocks, INT INC
IA tone OF depression ruled
jUNE-Ths month marked the turn Of the me- No
new disasters occurred, but letter
feeling prevailed tne reasons for which very !, per
sons thon knew That It's rst appearance was al ,ne
Gus advance in the price OF West Shore nonos' his
second cOsOis aud tho Vanderbilt stocks. was generally
regarded as a sufficient for suspicion that there
was no better basis for the Improved tone
,han that OF ordinary episode In
STRENGTHENED by the depression Which succeeded ana to
Of daness and apathy at ne close OF Tue inonu
1t it now known. however that IT was In Jnne t the
negotiations were opened between the PennsyVah and
the Vanderbilt Interests; the consummatioh OIL "hen
sIucc has distributed ts b-nccnt effects through every
branch of trade Some improvements In t" rI I,,2
securities were finally recorded. Tue central ana hud
son reduced its quarterly dividend to l2 per cent
JULY.-Ususy dull month with merchants, TINS one
was mo- cxcepton but In financial circles and at the
stock Exchange # become known that the nego.ia
force Prices securities advanced rapidly. bat at
Tho end OF the month something IKE on Gedii.o
generally ascribed to Mr.. Gonlds large sales OF
UnOn pac from % d2%1 70 nep% sS 9G Sg ro
wrstrTn from 9i 20 i0I 7sa99. ST. Paul from 20 to
s3laa79is, Delaware, Lackhwanna and western from
9OIe to IO3lqa lO24 and Canada southern from 29h to
3Ga35&. Ihe Bankers and Merchants Telegraph WIS
SOLD undcr foreclosure for 100000. -
AUGUsT-Improvement was noted IN business gencr-
ally southern and Western buyers OF se"ra in"r
caGse who arrived III the Guy hy their owncChhdehce
In the autumn trade impaired almost hnoS hht toc 10
the city merchants iotsbe event OF ,ne inon'n was
The Long Branch meeting OF the steel rail- makers Whrn
agreement was made u NIX me rouuct OF ieoo T
apportiOn IL among the different mahuiaGtnier. Inv
ciect OF this almost Immediately ielt upon mat
branch OF Industry The general dusnes oil the month
was entirely satisfactory and beyond antcipatl3ns Inc
stock Exchange markets recovered IRON the lalo dr
BON instant after that the course Of prices down
ward TO tho end OF the mouth Drc1ci hOrgah 70 -
shore Railroad To the Central and Hudson wah an
nounccd the l2th and met WIN rapl acdhiescoec
from the DOndhoidcIs d. tue "os' ""''" COMPANY w
"aS ps,,ss WAS no malt IN the progress Of
General lmproyceLt; II was slow and nndTmOstrhtiNr,
hut made itself felt III every department OF trda" stecl
rails were held a. $50 against S2O ~ July. me fm"ny
IONS made such progress thh ihlcs W'ie NJ
Canesa on d ndson ami the Yves, shore restored
tor local passengers TO cents mile. Ihe CHICAGO.
Milwaukee and 81. Paul decided 10 ISSUE GovVoVovpl
iis prcfsrred stock par to rs socknoders. me
Chicago and Northwestern reduced Its rate OF DIVIDENDS
on preferred and common STOCK 10 hlu per cen,
rcspecsve and 1eIware IGckawanma and western
Ia ner cent quarterly. Afcr thc htst few days oi TUG
,nfn,h rho Stock Exchange markets recovered huu |
RAPIDLY advan ed. Another small teaction' however
occurred in the last days Of tGe month accounting I'm tho
s,eadv nrogress toward contamination OF the various
railroad pools ana in values at the stock Tx
Change was marked than IL Ma neen W. any Pre-"
ceding month excepting July The business vas u"s
liz iarre both in stocks and bonas, that recorded Tor
honGs bojpg the largest Of any m0Dth 10 t1o ntoy VI
the Stock Exchange Tie month co'o" WIN ""''
ana confident temper . , .,.., q, . ,ru,k
eNoyEMBgR- pooling agreement between tne trunn
and OHIO signing with reservation on the New.lorS
passenger business temporary restrain
Inc The Central HUI son Company from n ,ne
We.t shore aud guaranteeing Its bonds Inc ms .nolo
wss soId uudcr foreclosure the 2j contract was
male between the Baltimore m anu ouIo nna
tho staten Isand Rapid 9aoo, ar~"'' that 'I tie
Ts,,,mSre ana Ohio shall make terminal al Ssw-Yors
V XrS I've Erie and Western Railroad announced us
iesue of 81 100000 Long Dock bonds the proceeds oI
debt and the conpon OF Decembcr on lie second
consols 10 hos y TnS Continued rapidly to
improve until about tue 2oih after wnon ,mer and
decided reaction and continuance oi h''oe'''' ""'
feyertshnsss until the end. -. a., co,,r,, and
DtcrMBgR-The injunction against tho 'cn,r" n a
rnscr OF the West Shore property under rase 10 tpo
Central Company was consnmnsea, III iii, tel sn,ie,y
and IN he saina week the contents OF hs WIN were
md ue Connecticut