New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-08
MONEY AND BUSINESS.

The money market had as much 10 dc with
business prosperity last week ns u bu2zing ty in
the rear car Of lRlted express has to do with the
purposes and progress OF the passengers. There
had been money enough to permit volume Of
loans much exceeding the greatest ever known until
within n few weeks, and yet stocks had declined.
Then there came q shrinllage Of sl,200000 In
loans and 100000 in surplus, but stocks
steadily rose after Monday until the last fifteen
minutes on Saturday, when the !" bad bank state
mentr served as an excuse for some selling, and
yet the net advance was 81 81 per share for the
week But money was really cheaper and more
abundant at the end than earlier In the week
The aoprehended outgO OF gold did not come,
though exchanges had been close 20 the exporting
point. The subscriptions for the Russian loan
many times over at Paris, the very centre Of
recent disturbance, showed that large amounts
Of capital were still awaiting employment The
purchase OF 81, 000 900 bonds by Secretary Window
at Os and 100 disclosed his readiness TO take
both classes and large amounts at figures not be-
fore accepted In short, al the conditions OF the
money market favored the rise In stocks, which
had been expected rs u sequence when the possible
pinch about the lst OF April was passed In safety
But there were other influences which favored.
The exports Of wheat, with the decline TO sc IA
cents for April continued to increase, and for the
last week of March had been nearly as large for
the three weeks preceding. Shipments OF corn
were also large, and In four weeks OF March
amounted TO 1908 bushels, against 1,s69,427
bushels last year, so that as TO value the exports
OF breadstuffs were about as large as in March,
1888. The cotton movement was far greater ex-
ceedng last years by about 220, 900 bales for the
month, and the exports OF provisions were lnrge
Thus the value Of exports from New-Yorc was
s34 07O 682 for the four weeks against SEQ, 0Ol,
53s last year, gain Of 81 l-2 per cent, and while
much Of the increase was due to the storms of last
year, the fact remains that the excess of imports
over exports for the month cannot have been large
The returns OF railroad earnings must be inter-
preted in the light OF the same extraordinary in
terruption and Of the great Burlington and Quincy
strike last year. so that the gain of l220 per cent
does not seem remarkable. On eighty-two roads
for three weeks, and forty-fOur for the fourth
week Of March, the aggregate earnings were $751;
22I 446, against 81 6227, 6ls last year. But this
fact, with the recent agreement between the Bur-
lngton and brthern and other lines and the
settlement reported from Boston on Saturday, give
reason TO look for better results hereafter
curious state Of facts is presented by the bank
cIearngs, for they have not only been large, but
have increased out of all proportion to other
records OF business movements. With smaller
trading in stocks, exchanges here are larger than
lust year; at Boston, Philadelphia and Chicago
last week they were i42 per cent larger, while
the aggregate at thirty-siN other cities was but
81 per cent larger than last year. Blizzard in-
terruption had ceased at this time in 1883, and
the decrease in elcarings for the month OF March
was only per cent from S87, while the increase
now Is IL per cent ut all cities outside New-Iork