New-York tribune., 1886-02-01
,tnNEY ND RENLNENS.

Labor troubles really disturb more just now
than any other influence, for business has ac-
customed itself to the idea that no relief Is
nrobabIe from the coinage of silver. The
strikes of cigarmakcrs here, Of spinncrs at Fall
River. of glOycmakcrs III the interior. and oi
coke drawers at Connellsvillc, all continue i'm
portant. The latter has already caused the
closing Of some furnaces, and more trouble Is
feared when the eviction OF the Slav laborcrS
is attempted February /. The renewed boy
colt of the Mallory Line threatens railway bust
ness in the Southwest, and from telcgraphed
rcports seems unlikely to be easily settled.
The convention of anthracite miners looks to Il
new organization of great power, ana demands
eight hours work and virtually higher wages.
Its tone was temperate, but therefore all the
more impressive. The miners OF the Ono
railway lines and the Western miners have also
met. aud agreed upon the schedules already
adopted by labor organ zatIOns elsewhere, and
the indications are that Il quite general move
ment is contemplated.
Ther5 il no change in the silver situation
The receipts of the Treasury at Ncw-1ork last
month were only 14.9 per cent in silver. The
Washington statement shows that the Treasury
"gaincdn last week $1,6O0,000 silver, and
during the month SG,2OO,OO0 half by the re-
turn of silver certificates On the other hand,
if gained in legal tenders 81 100000 during
the week, and So, 100000 during the month.
But il lost S1,15G.OS1 in gold last week, and
has lost $40 9S5, ,99l III gold since the first OF
January. The policy of calling bonds with Il
rapidly declining gold reserve, now only
S137, 600, 900 in excess of certificates outstand-
ing, is seriously disputed. Foreign exchange
is at such point that gold exports are possible
at any time. True, exports exceeded imports
in December and for the fourth quarter of last
wear the excess on merchandise and silver ac-
count was SCI 900, ,000 while the excess OF
imports Of gold was only $9,GO0,OO0. But
when The Financial Chronicle says, God
ought to be coming this way, and in consider
able quantities" it over.ooks the fact that Sc
curities came in largely during that quarter;
foreigners sold, and took profits Of 80 per cent
or more Recently they have been buying, 1t
is said but there has also been an increased de
mand for bills of exchange i'll order To transfer
American capital to Europe For the moment.
these neutraize each other. But the buying OF
stocks is not encouraged by the condition of
railways, and may cease. The outward move
-
the Treasury in such an emergency is OF qnes-
tiOnable wisdom.
Merchandise exports do not improve. In
three weeks of January only 9S4,2G4 bushels
of wheat and 334 ,SGs barrels of flour went
abroad against 4,094, ,997 bushels of wheat and
7O1, ,S26 barrels OF flour during the same weeks
lass year. January l TO 29,477,212 bales OF
cotton went out, against 5l6,1l1 during the
same time last year. There are persistent Of
forts in trade aud other journals to make ii be-
leved that only famine supplies of wheat are
to be expected, but Europe continues TO get grain
and contentedy buys and sells plenty of grain at
prices several cents below those Of New York.
The railroad movement from Chicago east
ward last week was only $4,000 tons, against
$4,000 last year. though the latter was larger
than usual. But the movement is now less
than half the usual shipments at this season.