New-York tribune., 1886-01-18

The bank exchanges At H. New-loik clearing Ho1'c
ana 10" stocks ~1d i the NaF YORK Nt'ck * hpa' '''
IA, week 90 three years compare di loHuW-:
Week ended Jan 49,, Isl Jan. u. l0,, Jan lG tsi
~ ka ,ar., .sla '2ii4i55 i.Su @5i52j5
The local moIcy market IN peri ct accord W,th
tho bank movements. an ra,o' iJr eau loan, F"'c' al
o.us are on,unAie at . prr cent and mercantile P'P'F
passed from 80 o . per cent. Inc done'.'o 80
aDuuIauc, ~ capital II The PRINCIPAL ihleIit centre H'
foreign exchange rutd quiet or want ot hn-in',S dt
long bins. An export Tor the week o. - 5000 -oid "S
Dc at - tie or no ."nt On The oper4ii ~ bui HAS
stug condt night do. Fortunately n tnc necessity
should arise our banks never Lctcr prepared TO
of ti,Ia! severity which cxtcudrd al. over the
c,rit II ,-rri, i.rr an .i irsD ii.sn an Kind, ui
trahc Increment, uf prO!u,ia-cYc;. cotton Ntrn de
Nina m a. however I,e ,e , lycr..rs ,or, i.u.h
kc another fl ma, be- scattered. u som, tuIrs is, all
thiugh the winter mont - or u may pile ~. i 7'hEr
month or a week bur taking the business II sector.
fro u November 10 Aprl ~ Is found that tn post
poncuicut 1y storms Is about tile same one SC WITH
Tho reccipt' of srtlnat The prneiYu %e-r.
points of accumulation only l.JDJ,ooO bushels.
against 2.7oOOOJ bu.hcs for the prrc ding seek, ana
hsHcc the shipments ast"uri also Wrc!argr} ieuHctu
all bccai-c Of railway blOcNudr- This was uIdrt.
s,ooi by ChlcGgo - cu'toEs who despite ol sn'll re-
crips for The week dropped thc price oI "el. '"ohl
ceuts-a thing which wOnid not have nap
psaea had sP%o,o P% been G,,a, 0"G al 81
We.ern points was because o. cphc neral reasons. For
the same receipts of cotton at the Southern
ports unusuaily nall and no exports from al h1
ports Amounted oly to 9sl1O bales, against ldp'oIo
h
and n DO. ter prospect for future deminia suncnci
Irccs for cotton futures lOQl2 points, and spot was
irin win an advance of lG cent.
Unto the stock Exchange markets bcarsh sentiment
was born ear ) last Monday morning lfo Baltimore
and ONO Railroad MS godfather ana for ono week,
at cas, II mas eaInycd .dsty growth lts FOOD mas
consisted OF exIayds1nt imagnat,On' OF coming evils
Especial" correspondents all ovcrtC country have been
the dry nurses for ne dninuon Of fears OF ey which
might happen. Aud -umc heretofore pronounced "bul
leaders secretly worked all their machinery win
Oi forcing lO%rr prccs. This u speculation Ialt
in ar tho question,
however which Interests every business uan VINO IS re
moved the effect OF the daily iuctnaton IN storks
Values securities may have demand too rapidly for
the condition II reaction within certain Iuodcrale
limits is both natural aud necessary. The important
question therefore Is, are or nro not all the re-
ported improvements IN general trade a myth I
consumption OF iron and steel rals-tho prices
one secondary consideration Does not every ad
ditional set To work become more liberal buyer -"
nou meat groceries aud dry goods and II does not
every tIader feel the effect OF the starting OF new
furnace Of an iron mill II inc Improvement when
we are told Of which every business testcs To, Is
real the reaction ~ security values has its limit and
Will be followed by sharper hnymg process ,hnn MAJ Ra9
yet occurred II IL !, oil my'H prices pEonaby WA VIII
sink TO lower level than that nom they staried
last June But II Is not myth ana Inc opening OF the
spring trade next month VII, wo believe demonstrate
surn they worthy Of separate aud special note
Frst-The Bitmore aud Ohio Railroad by advertise
pa-song GER fares from NewYork TO the principal Western
points from rsclass fare OF the Central and llud
son and the Pennsylvania railroads Every day since
the street has been flooded with Philadelphia ard
Chicago dspatchrs-a fow OF which have got into print
Z
fact 49, that up last other line had reduced
its rates aud the situation exactly tho same rs 1t
was Monday morning.
Scc0nG-RcpOts of cutting gon Eaatbound fre; ;t wcro
reported from Chicago every day AM BdtnJre aud
ONO ami Chicago and Atlantic rep rtcd The cul
prts Results of last weeks movement out OF Chicago
show that the Baltimore aud Ohio carried
than IN the preceding week, and the
Chicago and Atlantic G-iO less. The weeks movement
small because OF Western bockados and Of no Iu-
uconent take stun out OF wnor elevators for trans
fer to the scnboard TIE TRIBUNE heretOiore has had
lTrCguIafltlcH III Shipping rates. ana III
still thinks II will defect anything OF tho Kind either In
East West bound business as Chicago special!
lists having direct connection with Wall street brokers'
Tho smallness Of the movement and the unusual ap
proach 20 tho pool alotmens OF the shipments by the
different lines collateral evidence that rates main
tsined. The weeks movement Is printed below. The
Grand Trunk OF Canada, which In the st two weeks VI