The sun. [volume] (New York [N.Y.]) 1833-1916, 1888-03-04

sAICNDAS, Mhr"h 3.
Relying UPON o bnd bans statement, and pos.
sibllitios Of an extension VI the labor troubles.
the local Traders and bear operators renewed
their attacks upon values this morning. A
strong opening. Influenced by a better market
In London. checked their operations for a
short time. but At the expiration OF the first
hour thev succeeded In knocking \ to Y "A
cent from the prices OF tho active stocks
There was q quick, partial recovery from these
low figures ward the close. us tho bank state.
ment was not as bad as was expected, and
the gross earnings for February ropor,ed By
the st. Paul Company showed a moderate in.
crease where a decrease had boon expected.
TIL bunk statement shows the effect OF further
absorption by the Treasury. tho banks having
lost, principally to tho Sub-Treasury. $3,1s5,.
300. The loans are o little larger, and the de-
posits naturally about So. 10000 less than last
week. A loss In surplus OF about $500, 900
leaves the banks with s12, 7iI.7 700 above the
amount required by law. As tho Treasury will
make considerable Disbursements during the
first half OF the current month. 1t Is reeson-
able to expect that the surplus Is MS low ns Il
will be for the time being.
Wall street has done nothing during tho past
week deserving special comment. The market
has continued d professional one, and the local
traders have exerted themselves with all the
power they possess to establi,h.a lower range
Of prices. They have been influenced to take
this course by the unusual industrial disturb
ances and foars that the situation may become
moro aggravated before 1t Is improved. The
strike upon tho Chicago. Burlin gton and
Quincy system doubtless prevents any decided
progress in the matter Of settling the Western
rate war. The majority Of the managers are
evidently getting all the fight they want. This
is a fair inference from the persistent efforts
they are making to effect. n readjustment OF
their relations unon an amicable basis.
The general situation has been improved By
bill! giving the Secretary Of the Treasury
sarr. Us BY purchase Of bonds. Tho pubs
l%ieation Of the tariff bill prepared BY tho
tss sIsd y,e ot IN 70 r mavs ana ,n .I SGans e Commit TnnH
tainty from the situation, since this bill is tho
most radical one that will be presented to the
show Of success. Congress has now in a num-
Der OF ways shown clearly its disposition to in
erenss tho y ,1s ne Of circulation by dishursG,
begins to look as If the finances Of the country |
would soon be placed upon u safe and suhstan-
already noted, trade Will shrink less than was
expected from n discussion Of tariff issues.
of TIE rs4 ssnsrnl tr oain ss ppfins, Sanw 70 e f fSs iDd dssl
trial disturbances. At some points In the West |
2 very fair movement OF general merchandise
40 ohCu " hiiO ~ 'ttS Iolhtb MN III IL EUSI. |
are not 90 satisfactory. There Is, no nercertibiss
Il" a" fessYi ~ is IS Reported srST etrq IN snSns Quarters Ters nH Ths
coal trade is feeling Inv natural reaction from
the unusual demand that WAS made unon a few
the tehish strikes. tut The Indications are Of |" a
larsn on put this year: and there Ia no reason
ments amons the coal companiss Profitable
prizes Should moi be obtained.
The money market has been a little sitter,
OWING nrinCinN1Iv tn thu nhpnrptinp Of p,,,pAv |
by the Treasury. and also In anticipation Of
usual remittancest to the country the latter part
exports OF specie. viii result in a more
ssun;a mSH sssL. Granted that these las. factors
active market would still he lacking. namely.
activity. Sterling exchange has
mand for re ittances against stocks sold here
The most: depressins feature in Wall street
the demnnd for ran way bonds. UnIuestion-
s selS Ss s,rj lxf Is ,b au vsni, bn, q 3ba b isa%ss T rscsn al;
S %ess the s"i .s.6 5S5, $50 f Of lEAaGo' islsnd IS ISSUES qss
IT, Il; o 1883: SSS 900 Sf t n S G : fPa%GIisn ihi Ists ms sHd
bonds. The syndica,es Offering the first
s%tis iG,s eSSei wSilsp re ihs SSrt +. 9ii Fa th.. i wsrs
Tor. The week closes with the bears
disintegrution In tho bull runks.
AS compared with the final prices Of last Sat
urday The list is generally but only in q few
cline Is that Of on p cent. In Reading. Norfolk
end Western. preferred Is 2N q cent. lower;
way, each 2; Chicago. Burlington and Quincy.
IL; l;ichmond Terminal preferred IL: Mis-
f Sraro ps TIn rs ana Erie rsnt n ga zach; baskswanna
Pacific. and Wesserp Union. each 4. and Jer-
sey Central, and Lake Shore. Y 2 cent. each.
The other declines are unimpOrtant.
Final ealss ompare with those Of yesterday
as follows.
hdr. 2 Mar. 81. Har. 2. Mar. q
Can. southern. 62f OLA Nsr. Fac. md :. <4k 44x
c. D. / o.......125A I2Ia v. s. Central. -. iosX IOy2
Pc. l. ! Wer. !sais iisaS n ]. 5. E.. $50 $50
RsL 4 hndson. lS;r io7,. y J centEat... SRI sE